1110 Cardinal Ave · Madison, AL 35758

$295,000

4 bd · 1.0 ba · 1,750 sqft · SingleFamily public records · 35 Days on market

Built 1962 0.40 ac lot $169/sqft · 15% below area Est $345k · 15% under

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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).

• ARV discount +14.1/15.0
• Appreciation +10.0/10.0
• Cash flow +7.6/30.0
• Schools +5.6/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• DSCR +1.7/10.0

Listing remarks MLS

New listing in Madison City Schools! This home features wonderful updates with a decorators touch, and 4 bedrooms, new carpet but original hardwood floors underneath. Gorgeous master bathroom with tile shower and walk in closet. Large corner lot with plenty of parking and a fenced back yard. New roof in Sept 2021. Close to schools, shopping, parks and very easy commute to Research Park/RSA.

Key facts

• Ample parking space
• Large corner lot
• Walk-in closet

Tags

• ORIGINAL HARDWOOD FLOORS
• TILE SHOWER
• WALK-IN CLOSET
• FULLY FENCED BACKYARD
• AMPLE PARKING SPACE
• LARGE CORNER LOT

Property features AI

Finance

• Other: Approximately 0.4 acre lot

Exterior

• Parking: Driveway parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service available
• Home design: Existing home; Two-sided brick construction
• Construction: 2-side brick exterior; Crawl space foundation
• Exterior features: Fenced yard; Covered patio/porch

Interior

• Kitchen: Stone countertops; Dishwasher (built-in); Electric oven; Refrigerator
• Bedrooms: Master bedroom on main level; Multiple additional bedrooms on main level (total bedrooms listed: 5)
• Flooring: Carpet; Hardwood; Tile
• Bathrooms: Two full bathrooms; Tub/shower combos
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Smooth ceilings; No additional built-in interior features listed
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup; Has laundry

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $-351 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $233k (21.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (30.7% below list).
• Recommended offer: $204k (30.7% below list) — sets the bar for 1% rule.
• Cap rate 4.9% vs local median 2.6% in Madison — 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 76/100 on livability (#12 in AL, #3,280 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime B+; Watch: amenities F, commute F.
• Madison City (suburban): math 51% / reading 71% proficiency, ranked #4 of 129 in AL (top 3%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 17% free/reduced lunch — higher-income household profile.
• Zoned schools: Horizon Elementary School (math 53% / reading 78%, grade B+, #37 of 627 statewide, top 6%, 547 students, 34% FRL); Bob Jones High School (math 53% / reading 51%, grade D+, #11 of 305 statewide, top 4%, 1,920 students, 24% FRL).
• Market conditions: Rents rising (+1.6%/yr); 382 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $32k of equity ($2k loan paydown + $30k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$51k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 15y 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.
• Current owner paid $253k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $204,380 (30.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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.
7. 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.
8. 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: 0.69% ✗
• Cap rate: 4.86%
• Cash-on-cash: -5.10%
• DSCR: 0.77
• GRM: 12.0

CMA / ARV

• ARV (median comp): $345,283
• List price: $295,000
• Delta: -14.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
120 Betty Williams Dr	0.17mi	4/2.0	1,537 (-12%)	0mo	$290,000	$189	67
113 Betty Williams Dr	0.22mi	4/2.0	1,537 (-12%)	1mo	$299,425	$195	64
107 Betty Williams Dr	0.22mi	4/2.0	1,537 (-12%)	2mo	$280,000	$182	64
1109 Woodbine Rd	0.28mi	3/2.0 (-1)	1,609 (-8%)	1mo	$225,000	$140	63
108 Stavemill Cir	0.36mi	3/2.0 (-1)	1,629 (-7%)	1mo	$379,900	$233	62
604 Ambrose Dr	0.63mi	4/2.5	1,808 (+3%)	0mo	$312,000	$173	59
798 Seina Vista Dr	0.26mi	3/2.0 (-1)	1,543 (-12%)	0mo	$290,000	$188	59
1005 Wood Cir	0.48mi	3/2.0 (-1)	1,618 (-8%)	2mo	$310,000	$192	55
1004 Mahan Dr	0.46mi	3/2.0 (-1)	1,908 (+9%)	1mo	$285,000	$149	54
140 Steele Dr	0.69mi	4/2.0	1,868 (+7%)	0mo	$412,000	$221	52
694 Crestview Dr	0.43mi	3/2.0 (-1)	1,551 (-11%)	1mo	$299,987	$193	51
675 Cambridge Dr	0.55mi	3/2.0 (-1)	1,890 (+8%)	2mo	$340,000	$180	51

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

Projected returns pro-forma

10.0% appreciation · 1.58% rent growth · sell at horizon

5-year hold

• IRR: 20.3%
• Equity multiple: 2.64×
• Total profit: $135,410
• Equity at exit: $265,759

10-year hold

• IRR: 18.2%
• Equity multiple: 5.97×
• Total profit: $410,806
• Equity at exit: $573,120

Cash invested: $82,600 (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 35758

• Home prices YoY: 4.2%
• Rents YoY: 1.6%
• Active inventory: 382
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $2,044 high
• Mortgage (P&I): −$1,547
• Tax from tax record: −$296 /mo · $3,549/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $-351

Break-even live

Break-even rent $2,488

Max offer price $232,977

Occupancy floor —

Sensitivity live

Price	-10% $-184	-5% $-268	+0% $-351	+5% $-435	+10% $-518
Rent	-10% $-513	-5% $-432	+0% $-351	+5% $-270	+10% $-190
Rate	-1.0pp $-203	-0.5pp $-276	base $-351	+0.5pp $-428	+1.0pp $-505

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
121 Betty Garrett Dr Madison, AL	4.0	2.0	1841	$2,000	$1.09	44d	1	0.18mi
102 Acacia Trail Dr Madison, AL	3.0	2.0	2005	$2,000	$1.00	22d	1	0.18mi
112 Betty Garrett Dr Madison, AL	4.0	2.0	1841	$2,049	$1.11	44d	1	0.19mi
117 Betty Garrett Dr Madison, AL	5.0	3.0	2092	$2,350	$1.12	44d	1	0.21mi
115 Betty Garrett Dr Madison, AL	4.0	2.0	1841	$2,090	$1.14	24d	1	0.22mi
103 Betty Garrett Dr Madison, AL	4.0	2.0	1537	$2,600	$1.69	44d	1	0.22mi
101 Springfield Ln Madison, AL	3.0	2.0	1640	$2,350	$1.43	44d	1	0.22mi
1105 Woodbine Rd Madison, AL	3.0	1.5	1254	$1,500	$1.20	24d	1	0.26mi
7900 Old Madison Pike Madison, AL	2.0–4.0	1.0–2.5	1313	$1,726	$1.31	14d	11	0.44mi
1006 Wood Cir Madison, AL	3.0	2.0	2173	$1,899	$0.87	44d	1	0.48mi
245 Pineridge Rd Madison, AL	3.0	2.0	1812	$2,000	$1.10	44d	1	0.49mi
104 Kathy Cir Madison, AL	3.0	2.0	1768	$1,995	$1.13	44d	1	0.51mi
1016 Seina Vista Dr Madison, AL	3.0	2.0	1981	$2,100	$1.06	14d	1	0.57mi
712 Marion Dr Madison, AL	3.0	1.0	1253	$1,450	$1.16	44d	1	0.67mi
722 Highland Dr Madison, AL	3.0	2.5	1938	$1,750	$0.90	14d	1	0.68mi
709 Marion Dr Madison, AL	3.0	2.0	2050	$1,795	$0.88	22d	1	0.70mi
200 Millstone Ln Madison, AL	3.0	2.0	1425	$2,000	$1.40	44d	1	0.75mi
416 Walton Rd Madison, AL	3.0	2.0	1306	$1,795	$1.37	14d	1	0.75mi
619 Larry Dr Madison, AL	4.0	2.0	2093	$2,031	$0.97	24d	1	0.81mi
202 High Rd Madison, AL	3.0	2.5	1759	$2,375	$1.35	24d	1	0.84mi
2002 Flagstone Dr Madison, AL	1.0–3.0	1.0–2.0	973	$1,544	$1.59	14d	77	0.87mi
1 Madison Park Dr Madison, AL	1.0–3.0	1.0–2.0	1149	$2,157	$1.88	14d	18	0.93mi
286 Slaughter Rd NW Madison, AL	1.0–3.0	1.0–3.0	1385	$2,199	$1.59	14d	31	0.95mi
180 Hughes Rd Madison, AL	1.0–4.0	1.0–3.5	1373	$2,675	$1.95	14d	45	1.14mi
2300 Colonial Lake Dr Madison, AL	1.0–3.0	1.0–2.0	1083	$1,338	$1.23	14d	39	1.24mi
425 Falls PT SW Unit 1 Madison, AL	3.0	3.0	1375	$1,615	$1.17	44d	1	1.39mi

Listing history 21 events

1. 2026-06-18
   days on market $295,000 Active 35 DOM
2. 2026-06-17
   days on market $295,000 Active 34 DOM
3. 2026-06-16
   days on market $295,000 Active 33 DOM
4. 2026-06-15
   days on market $295,000 Active 32 DOM
5. 2026-06-14
   days on market $295,000 Active 30 DOM
6. 2026-06-10
   days on market $295,000 Active 27 DOM
7. 2026-06-09
   days on market $295,000 Active 26 DOM
8. 2026-06-08
   days on market $295,000 Active 25 DOM
9. 2026-06-07
   days on market $295,000 Active 24 DOM
10. 2026-06-03
    days on market $295,000 Active 20 DOM
11. 2026-06-02
    days on market $295,000 Active 19 DOM
12. 2026-06-01
    days on market $295,000 Active 18 DOM
13. 2026-05-31
    days on market $295,000 Active 17 DOM
14. 2026-05-30
    days on market $295,000 Active 16 DOM
15. 2026-05-14
    listed $295,000 Active 543-char remark
16. 2021-11-16
    soldstatus $253,000 Sold 393-char remark

    Show marketing remark (393 chars)

    New listing in Madison City Schools! This home features wonderful updates with a decorators touch, and 4 bedrooms, new carpet but original hardwood floors underneath. Gorgeous master bathroom with tile shower and walk in closet. Large corner lot with plenty of parking and a fenced back yard. New roof in Sept 2021. Close to schools, shopping, parks and very easy commute to Research Park/RSA.

17. 2021-10-19
    historical Contingent 393-char remark

    Show marketing remark (393 chars)

    New listing in Madison City Schools! This home features wonderful updates with a decorators touch, and 4 bedrooms, new carpet but original hardwood floors underneath. Gorgeous master bathroom with tile shower and walk in closet. Large corner lot with plenty of parking and a fenced back yard. New roof in Sept 2021. Close to schools, shopping, parks and very easy commute to Research Park/RSA.

18. 2021-09-30
    listed $255,900 Active 393-char remark

    Show marketing remark (393 chars)

    New listing in Madison City Schools! This home features wonderful updates with a decorators touch, and 4 bedrooms, new carpet but original hardwood floors underneath. Gorgeous master bathroom with tile shower and walk in closet. Large corner lot with plenty of parking and a fenced back yard. New roof in Sept 2021. Close to schools, shopping, parks and very easy commute to Research Park/RSA.

19. 2012-01-31
    soldstatus $129,900

    Show marketing remark (489 chars)

    Stunning remodeled home situated on a treed lot in a prime Madison location. Minutes to Research Park. The home sparkles like new. Beautiful master suite with glamour bath, tile walk-in shower w/2 heads, custom tile work. Gorgeous kitchen with new appliances, tile floor, countertops and backsplash. Huge 21x18 great room w/gaslog fireplace. Light and plumbing fixtures have been updated. Vinyl windows, no maintenance brick and vinyl exterior. Wood floors. Small storage building remains.

20. 2012-01-31
    soldstatus $130,106

    Show marketing remark (489 chars)

    Stunning remodeled home situated on a treed lot in a prime Madison location. Minutes to Research Park. The home sparkles like new. Beautiful master suite with glamour bath, tile walk-in shower w/2 heads, custom tile work. Gorgeous kitchen with new appliances, tile floor, countertops and backsplash. Huge 21x18 great room w/gaslog fireplace. Light and plumbing fixtures have been updated. Vinyl windows, no maintenance brick and vinyl exterior. Wood floors. Small storage building remains.

21. 2011-08-04
    listed $129,900

    Show marketing remark (489 chars)

    Stunning remodeled home situated on a treed lot in a prime Madison location. Minutes to Research Park. The home sparkles like new. Beautiful master suite with glamour bath, tile walk-in shower w/2 heads, custom tile work. Gorgeous kitchen with new appliances, tile floor, countertops and backsplash. Huge 21x18 great room w/gaslog fireplace. Light and plumbing fixtures have been updated. Vinyl windows, no maintenance brick and vinyl exterior. Wood floors. Small storage building remains.

ⓘ 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: $3,549 · $296/mo
• Projected year-2 tax: $3,549 · $296/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,526
• − Mortgage interest: −$16,525
• − Property taxes: −$3,549
• − Insurance: −$1,475
• − Repairs & maintenance: −$1,962
• − Management: −$1,962
• − Depreciation: −$8,582
• Taxable loss: −$9,529
• Est. tax savings @ 24.0%: +$2,287
• After-tax cash flow: $-1,926/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 City
• NCES district ID: 0100008
• Math proficiency: 51% ▼ -25.00%
• Reading proficiency: 71% ▼ -2.00%
• Median HH income: $89,091
• Composite: 55.56/100
• National rank: #1238
• State rank: #4 of 129 in AL

Livability — Madison

• Score: 76/100
• State rank: #12
• US rank: #3280

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Madison, AL
• County: Madison County · 380,832 people
• City population: 93,742
• Metro: Huntsville, AL
• Population (ZIP): 50,266
• Household income: $117,380
• Rent vs Own: 30.8% rent · 69.2% own
• Severe rent burden: 875.0

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: Predominantly White (68%)
• Race & ethnicity: White 68% Black 14% Hispanic / Latino 8% Asian 7% Two or more races 7%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 9% · Canada, South Korea, Vietnam
• Languages at home: 87% English-only · Spanish 5% Other Asian/Pacific 2% Chinese 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: ▲ 14.46%
• Current HPI: 355.2784
• Rent YoY: ▲ 1.58%
• 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

+127.1% since first listed

7 events — show timeline

• 2026-05-14 Listed $295,000 Greater Alabama MLS
• 2021-11-16 Sold (MLS) $253,000 VMLS
• 2021-10-19 Contingent — VMLS
• 2021-09-30 Listed $255,900 VMLS
• 2012-01-31 Sold (Public Records) $130,106 Public Records
• 2012-01-31 Sold (MLS) $129,900 VMLS
• 2011-08-04 Listed $129,900 VMLS

Property tax history

+21.3%/yr

Latest (2024): $3,549 · +2.0% YoY. Source: county tax records.