3871 Sherwood Dr · Montgomery, AL 36109

$124,999

4 bd · 2.0 ba · 1,209 sqft · SingleFamily public records · 22 Days on market

Built 1953 0.28 ac lot Est $115k · 9% over

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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).

• Cash flow +26.3/30.0
• DSCR +8.9/10.0
• 1% rule +6.3/10.0
• ARV discount +3.5/15.0
• Rent growth +3.2/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Sherwood, 4 bedroom home with attached carport, detached storage and patio. The home has been recently renovated with Modern colors inside & out, new roof, flooring, appliances and fixtures.

Key facts

• Convenient to shops
• New shower surround
• Newly remodeled bath

Tags

• NEWLY REMODELED BATH
• NEW SHOWER SURROUND
• CONVENIENT TO SHOPS

Property features AI

Finance

• Other: Annual tax amount reported

Exterior

• Parking: Attached carport; 2-space carport
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Cable available; High-speed internet available
• Home design: Single-story home
• Construction: Fiber cement construction; Slab foundation; Built (year per public records)
• Exterior features: Fully fenced yard; Storage structure on site; Mature trees; City lot

Interior

• Kitchen: Gas water heater
• Bedrooms: Bedroom(s) located on the first floor
• Flooring: Plank; Tile; Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Heat pump for heating and cooling; Has heating and cooling
• Interior features: Plank, tile, and vinyl flooring

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $321 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 6.0% in Montgomery — 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 (#138 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, employment D, crime F.
• Montgomery County (urban): math 9% / reading 31% proficiency, ranked #106 of 129 in AL (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.6%/yr); 207 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; 460 units permitted in Montgomery County in 2024 (37 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Montgomery County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y 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 $45k; list at $125k implies a 178% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,124 (1.5% below list)

Questions for the listing agent

1. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. 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.
5. 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.
6. 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: 1.13% ✓
• Cap rate: 9.37%
• Cash-on-cash: 11.00%
• DSCR: 1.49
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $114,855
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3700 Ramos Ct	0.33mi	3/2.0 (-1)	1,232 (+2%)	3mo	$134,400	$109	74
238 Easthaven Rd	0.55mi	3/2.0 (-1)	1,188 (-2%)	5mo	$77,900	$66	62
3602 Little John Dr	0.31mi	3/1.0 (-1)	1,286 (+6%)	4mo	$65,000	$51	62
3831 Avondale Ct	0.52mi	3/2.0 (-1)	1,144 (-5%)	4mo	$151,000	$132	58
664 Joryne Dr	0.35mi	3/2.0 (-1)	1,363 (+13%)	1mo	$129,000	$95	56
735 Duval Dr	0.73mi	3/2.0 (-1)	1,174 (-3%)	2mo	$147,000	$125	54
3556 N Wareingwood Dr	0.72mi	3/1.0 (-1)	1,215 (+0%)	3mo	$71,500	$59	54
859 Greg Dr	0.53mi	3/2.0 (-1)	1,320 (+9%)	8mo	$145,000	$110	48
3816 Marquette Dr	0.60mi	3/1.0 (-1)	1,135 (-6%)	8mo	$121,000	$107	47
815 Perry Hill Rd	0.72mi	3/1.0 (-1)	1,303 (+8%)	0mo	$100,000	$77	44
3405 Vermont Dr	0.62mi	3/1.5 (-1)	1,061 (-12%)	6mo	$88,000	$83	38
3618 Nottingham Rd	0.53mi	3/1.0 (-1)	1,035 (-14%)	6mo	$97,000	$94	37

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 · 2.65% rent growth · sell at horizon

5-year hold

• IRR: -0.3%
• Equity multiple: 0.99×
• Total profit: $-337
• Equity at exit: $18,638

10-year hold

• IRR: 9.0%
• Equity multiple: 1.68×
• Total profit: $23,914
• Equity at exit: $10,808

Cash invested: $35,000 (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 36109

• Home prices YoY: -20.1%
• Rents YoY: 2.6%
• Active inventory: 207
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,412 high
• Mortgage (P&I): −$656
• Tax from tax record: −$87 /mo · $1,049/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $321

Break-even live

Break-even rent $1,006

Max offer price $124,999

Occupancy floor 72%

Sensitivity live

Price	-10% $392	-5% $356	+0% $321	+5% $285	+10% $250
Rent	-10% $209	-5% $265	+0% $321	+5% $377	+10% $432
Rate	-1.0pp $384	-0.5pp $353	base $321	+0.5pp $288	+1.0pp $255

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
118 Nottingham Ct Montgomery, AL	3.0	2.0	1344	$1,275	$0.95	44d	1	0.32mi
3602 Little John Dr Montgomery, AL	4.0	1.0	1286	$1,400	$1.09	22d	1	0.35mi
107 Dalraida Rd Unit A Montgomery, AL	3.0	2.0	1237	$1,200	$0.97	44d	1	0.41mi
688 Joryne Dr Montgomery, AL	3.0	2.0	1500	$1,200	$0.80	44d	1	0.45mi
4046 Camellia Dr Unit 1 Montgomery, AL	3.0	2.0	1500	$1,200	$0.80	44d	1	0.48mi
3515 Cottonwood Dr Montgomery, AL	3.0	1.5	1246	$1,350	$1.08	44d	1	0.53mi
860 Greg Dr Montgomery, AL	3.0	2.0	1400	$1,295	$0.93	14d	1	0.56mi
239 Forest Hills Dr Montgomery, AL	4.0	1.5	1500	$1,450	$0.97	22d	1	0.64mi
895 Greg Dr Montgomery, AL	3.0	2.0	1489	$1,600	$1.07	14d	1	0.66mi
3334 Cottonwood Dr Montgomery, AL	3.0	2.0	1025	$1,295	$1.26	14d	1	0.68mi
3329 Vermont Dr Montgomery, AL	3.0	1.5	1465	$1,395	$0.95	14d	1	0.73mi
3233 Hillcrest Ln Montgomery, AL	3.0	2.0	1278	$1,395	$1.09	22d	1	0.74mi
3319 Willow Lane Dr Montgomery, AL	3.0	2.0	1032	$1,200	$1.16	44d	1	0.79mi
750 S Marquette Dr Montgomery, AL	3.0	1.0	1325	$1,195	$0.90	44d	1	0.84mi
67 Holliday Dr Montgomery, AL	3.0	1.0	1156	$1,200	$1.04	44d	1	0.91mi
610 S Georgetown Dr Unit 1386555P Montgomery, AL	3.0	1.0	1474	$3,635	$2.47	14d	1	0.92mi
3456 Harrison Rd Montgomery, AL	3.0	1.0	1008	$1,300	$1.29	44d	1	0.93mi
186 E Salem Dr Montgomery, AL	3.0	1.0	1040	$1,195	$1.15	22d	1	1.02mi
4041A Beth Manor Dr Montgomery, AL	1.0–3.0	1.0–2.0	925	$1,000	$1.08	22d	20	1.03mi
1117 Karen Rd Montgomery, AL	3.0	1.0	1308	$1,195	$0.91	44d	1	1.05mi
200 Eton Rd Montgomery, AL	3.0	1.5	1500	$895	$0.60	14d	1	1.05mi
1154 Lakewood Dr Montgomery, AL	3.0	2.0	1066	$1,350	$1.27	44d	1	1.11mi
3346 Bedford Ln Montgomery, AL	3.0	1.0	1134	$1,295	$1.14	14d	1	1.11mi
3323 Bedford Ln Montgomery, AL	3.0	2.0	1134	$1,200	$1.06	22d	1	1.12mi
122 Oak Forest Dr Montgomery, AL	3.0	1.0	1092	$975	$0.89	22d	1	1.16mi
804 Hillman St Montgomery, AL	3.0	2.0	1370	$1,295	$0.95	14d	1	1.18mi
804 Hillman St Montgomery, AL	3.0	2.0	1356	$1,295	$0.96	22d	1	1.18mi
1216 Beechdale Rd Montgomery, AL	4.0	2.0	1495	$1,325	$0.89	44d	1	1.18mi
311 Bradley Dr Montgomery, AL	3.0	1.0	1104	$825	$0.75	44d	1	1.21mi
15 Bradley Dr Montgomery, AL	3.0	2.0	1365	$1,500	$1.10	22d	1	1.25mi
1229 Karen Rd Montgomery, AL	4.0	2.0	1344	$1,590	$1.18	44d	1	1.30mi
3318 Habersham Rd Montgomery, AL	3.0	2.0	1134	$1,250	$1.10	14d	1	1.31mi
3136 Harrison Rd Montgomery, AL	3.0	1.5	1355	$1,025	$0.76	44d	1	1.35mi
4536 Wake Forest Dr Montgomery, AL	3.0	2.0	1244	$1,250	$1.00	44d	1	1.38mi

Listing history 24 events

1. 2026-06-18
   days on market $124,999 Active 22 DOM
2. 2026-06-17
   days on market $124,999 Active 21 DOM
3. 2026-06-16
   price $124,999 Active 20 DOM
4. 2026-06-16
   days on market $129,999 Active 20 DOM
5. 2026-06-15
   days on market $129,999 Active 19 DOM
6. 2026-06-14
   days on market $129,999 Active 17 DOM
7. 2026-06-13
   days on market $129,999 Active 16 DOM
8. 2026-06-10
   days on market $129,999 Active 14 DOM
9. 2026-06-09
   days on market $129,999 Active 13 DOM
10. 2026-06-08
    days on market $129,999 Active 12 DOM
11. 2026-06-07
    days on market $129,999 Active 11 DOM
12. 2026-06-03
    days on market $129,999 Active 7 DOM
13. 2026-06-02
    days on market $129,999 Active 6 DOM
14. 2026-06-01
    days on market $129,999 Active 5 DOM
15. 2026-05-31
    days on market $129,999 Active 4 DOM
16. 2026-05-30
    days on market $129,999 Active 3 DOM
17. 2026-05-27
    listed $129,999 Active
18. 2023-10-28
    historical $1,125
19. 2023-10-11
    price $1,125
20. 2023-09-28
    price $1,150
21. 2023-08-31
    listed $1,195
22. 2013-07-11
    soldstatus $45,000 196-char remark

    Show marketing remark (196 chars)

    Sherwood, 4 bedroom home with attached carport, detached storage and patio. The home has been recently renovated with Modern colors inside & out, new roof, flooring, appliances and fixtures.

23. 2013-05-28
    listed $50,000 196-char remark

    Show marketing remark (196 chars)

    Sherwood, 4 bedroom home with attached carport, detached storage and patio. The home has been recently renovated with Modern colors inside & out, new roof, flooring, appliances and fixtures.

24. 2012-10-05
    listed $50,000

ⓘ 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: $1,049 · $87/mo
• Projected year-2 tax: $1,049 · $87/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,949
• − Mortgage interest: −$7,002
• − Property taxes: −$1,049
• − Insurance: −$625
• − Repairs & maintenance: −$1,356
• − Management: −$1,356
• − Depreciation: −$3,636
• Taxable income: $1,925
• Est. tax owed @ 24.0%: −$462
• After-tax cash flow: $3,388/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: Montgomery County
• NCES district ID: 0102430
• Math proficiency: 9% ▼ -21.00%
• Reading proficiency: 31% ▼ -1.00%
• Median HH income: $43,902
• Composite: 17.24/100
• National rank: #9093
• State rank: #106 of 129 in AL

Livability — Montgomery

• Score: 65/100
• State rank: #138
• US rank: #13416

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Montgomery, AL
• County: Montgomery County · 190,016 people
• City population: 175,913
• Metro: Montgomery, AL
• Population (ZIP): 23,581
• Household income: $59,193
• Rent vs Own: 35.1% rent · 64.9% own
• Severe rent burden: 1039.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 224,008 people
• By 2030: 221,460 · -1.1%
• By 2040: 214,179 · -4.4%
• By 2050: 204,912 · -8.5%
• By 2075: 177,821 · -20.6%
• By 2100: 145,134 · -35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 49% Black 39% Hispanic / Latino 8% Two or more races 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 2% Lithuanian 1% Serbian 1%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Montgomery

• 2024 margin: Solid D (+30.7) · D 64.8% · R 34.1% · Other 1.1%
• 2008→2024 swing: +11.5pp toward D · 2008: 19.2pp · 2024: 30.7pp
• All cycles: 2024: D+30.7 2020: D+31.5 2016: D+26.2 2012: D+24.3 2008: D+19.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -37.64%
• Current HPI: 149.3867
• Rent YoY: ▲ 2.65%
• Metro: Montgomery, 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

+160.0% since first listed

8 events — show timeline

• 2026-05-27 Listed $129,999 MAAR
• 2023-10-28 Rental Removed $1,125 APPFOLIO
• 2023-10-11 Price Changed $1,125 APPFOLIO
• 2023-09-28 Price Changed $1,150 APPFOLIO
• 2023-08-31 Listed for Rent $1,195 APPFOLIO
• 2013-07-11 Sold (MLS) $45,000 MAAR
• 2013-05-28 Listed $50,000 MAAR
• 2012-10-05 Listed $50,000 MAAR

Property tax history

+6.4%/yr

Latest (2025): $1,049 · +2.6% YoY. Source: county tax records.