155 Olympia Dr · Meridianville, AL 35759

$310,000

4 bd · 1.5 ba · 3,258 sqft · SingleFamily public records · 9 Days on market

Built 2008 6,732 sqft lot Est $554k · 44% under $13/mo HOA · 1% of rent ↓ 6% since listing

---

Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.3/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• Schools +3.7/10.0
• Livability +3.2/5.0
• 1% rule +3.0/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this spacious 4-bedroom, 3-bath home offering room for everyone! The open-concept layout features both a living room and family room, plus a dedicated office and a loft area for added flexibility. The primary suite is a true retreat with a built-in fireplace and media center, while the spacious primary bath includes dual vanities and a relaxing soaking tub. Recent updates include a new HVAC in 2025, new hardwoods in the loft and on the stairs, and an updated downstairs bathroom. Outside, enjoy a privacy-fenced backyard with a patio that is perfect for entertaining, relaxing, or spending time with family and friends. Come see this immaculate home and make it your own!

Key facts

• Built-in fireplace
• Media center
• Dedicated office

Tags

• OPEN-CONCEPT LAYOUT
• DEDICATED OFFICE
• LOFT AREA
• BUILT-IN FIREPLACE
• MEDIA CENTER
• PRIVACY-FENCED BACKYARD

Property features AI

Finance

• Other: Living area about 3,079 square feet
• HOA & community: Homeowners association with an annual fee of $159; Subdivision: Bainbridge

Exterior

• Parking: Attached two-car garage
• Utilities: Public sewer
• Home design: Single family residence; Two-story home; Residential property; Not new construction
• Construction: Slab foundation
• Exterior features: Covered porch; Patio; Public water

Interior

• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Two fireplaces

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $310k.

Deal economics

• At list price, monthly cash flow is $112 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $249k (19.7% below list).
• Recommended offer: $249k (19.7% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 3.6% in Meridianville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 65/100 on livability (#118 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, health & safety F.
• Madison County (rural): math 27% / reading 56% proficiency, ranked #19 of 129 in AL (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lynn Fanning Elementary School (math 27% / reading 57%, grade F, #213 of 627 statewide, top 37%, 772 students, 39% FRL); Meridianville Middle School (math 19% / reading 62%, grade F, #56 of 257 statewide, top 22%, 724 students, 45% FRL); Hazel Green High School (math 23% / reading 31%, grade F, #90 of 305 statewide, top 35%, 1,348 students, 42% FRL).
• Market conditions: Rents flat; 504 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $249,055 (19.7% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.80% ✗
• Cap rate: 6.73%
• Cash-on-cash: 1.55%
• DSCR: 1.07
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $553,860
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
223 Rockport St	0.15mi	4/2.5	3,150 (-3%)	4mo	$300,000	$95	80
132 Graves Rd	0.41mi	5/3.5 (+1)	2,956 (-9%)	4mo	$549,000	$186	49
125 Madelyn Dr	0.58mi	4/3.5	2,912 (-11%)	5mo	$540,000	$185	43
372 Spencer Lakes Dr	0.75mi	5/3.5 (+1)	3,209 (-2%)	10mo	$599,001	$187	42
345 Northlake Dr	0.65mi	4/3.0	2,801 (-14%)	2mo	$475,000	$170	39
327 Northlake Dr	0.74mi	3/2.5 (-1)	2,914 (-11%)	6mo	$435,000	$149	34
305 Spencer Lakes Dr	0.67mi	4/3.5	2,832 (-13%)	15mo	$390,000	$138	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.55% rent growth · sell at horizon

5-year hold

• IRR: -16.3%
• Equity multiple: 0.43×
• Total profit: $-49,217
• Equity at exit: $46,222

10-year hold

• IRR: -12.5%
• Equity multiple: 0.34×
• Total profit: $-57,631
• Equity at exit: $26,803

Cash invested: $86,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 35759

• Home prices YoY: -6.1%
• Rents YoY: 0.6%
• Active inventory: 504
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,491 medium
• Mortgage (P&I): −$1,626
• Tax from tax record: −$87 /mo · $1,050/yr
• Insurance: −$129
• HOA: −$13
• Vacancy / Maint / Mgmt: −$523
• Net cashflow: $112

Break-even live

Break-even rent $2,348

Max offer price $310,000

Occupancy floor 90%

Sensitivity live

Price	-10% $288	-5% $200	+0% $112	+5% $24	+10% $-63
Rent	-10% $-85	-5% $14	+0% $112	+5% $211	+10% $309
Rate	-1.0pp $268	-0.5pp $191	base $112	+0.5pp $32	+1.0pp $-50

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $77,500
• Closing costs: $9,300
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
117 Vancouver Rd Meridianville, AL	5.0	3.5	4060	$2,795	$0.69	15d	1	0.15mi
131 Ranier St Meridianville, AL	3.0	2.5	2307	$1,611	$0.70	15d	1	0.27mi
117 Speck Cir Meridianville, AL	4.0	3.5	3156	$2,400	$0.76	25d	1	1.17mi

HOA detail

• Monthly dues: $13 · $156/yr

Listing history 7 events

1. 2026-06-22
   days on market $310,000 Active 9 DOM
2. 2026-06-18
   days on market $310,000 Active 6 DOM
3. 2026-06-17
   days on market $310,000 Active 5 DOM
4. 2026-06-16
   days on market $310,000 Active 4 DOM
5. 2026-06-15
   days on market $310,000 Active 3 DOM
6. 2026-06-14
   remarks 691-char remark
7. 2026-06-14
   listed $310,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AL · Resets to sale price

• Current annual tax: $1,050 · $87/mo
• Projected year-2 tax: $1,271 · $106/mo
• Expected delta: +$221/yr (+$18/mo · 21.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,887
• − Mortgage interest: −$17,365
• − Property taxes: −$1,050
• − Insurance: −$1,550
• − Repairs & maintenance: −$2,391
• − Management: −$2,391
• − HOA: −$156
• − Depreciation: −$9,018
• Taxable loss: −$4,034
• Est. tax savings @ 24.0%: +$968
• After-tax cash flow: $2,315/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Madison County
• NCES district ID: 0102220
• Math proficiency: 27% ▼ -32.00%
• Reading proficiency: 56% ▼ -1.00%
• Median HH income: $66,058
• Composite: 37.15/100
• National rank: #4483
• State rank: #19 of 129 in AL

Livability — Meridianville

• Score: 65/100
• State rank: #118
• US rank: #12516

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment B+ Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Meridianville, AL
• County: Madison County · 380,832 people
• City population: 14,103
• Metro: Huntsville, AL
• Population (ZIP): 14,103
• Household income: $102,880
• Rent vs Own: 9.3% rent · 90.7% own
• Severe rent burden: 148.0

Population outlook (Madison County) Hauer SSP2

• Today (2025): 392,086 people
• By 2030: 409,788 · +4.5%
• By 2040: 440,557 · +12.4%
• By 2050: 460,990 · +17.6%
• By 2075: 502,872 · +28.3%
• By 2100: 513,623 · +31.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 61% Black 23% Two or more races 8% Hispanic / Latino 4% Native American 3% Asian 2%
• Common ancestry: Italian 2% Lithuanian 2% Portuguese 2%
• Foreign-born: 6% · Canada
• Languages at home: 94% English-only · Spanish 3% Tagalog/Filipino 1% German/W. Germanic 1%

Political lean MEDSL · Madison

• 2024 margin: Lean R (+9.0) · D 44.7% · R 53.7% · Other 1.6%
• 2008→2024 swing: +6.0pp toward D · 2008: -14.9pp · 2024: -9.0pp
• All cycles: 2024: R+9.0 2020: R+8.0 2016: R+16.8 2012: R+18.7 2008: R+14.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -18.37%
• Current HPI: 282.7104
• Rent YoY: ▲ 0.55%
• Metro: Huntsville, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

-6.1% since first listed

14 events — show timeline

• 2026-06-12 Listed $310,000 VMLS
• 2025-05-29 Price Changed $328,000 VMLS
• 2025-05-09 Listed $335,000 VMLS
• 2024-08-28 Price Changed $335,000 VMLS
• 2024-07-26 Listed $338,000 VMLS
• 2023-01-27 Sold (Public Records) $300,000 Public Records
• 2023-01-25 Sold (MLS) $300,000 VMLS
• 2022-12-09 Contingent — VMLS
• 2022-10-12 Price Changed $300,000 VMLS
• 2022-10-06 Listed $310,000 VMLS
• 2022-09-07 Sold (Public Records) $310,000 Public Records
• 2022-09-02 Sold (MLS) $310,000 VMLS
• 2022-08-08 Listed — VMLS
• 2022-08-08 Listed $330,000 VMLS

Property tax history

+9.3%/yr

Latest (2024): $1,050 · -46.2% YoY. Source: county tax records.