243 Miller Rd · Gurley, AL 35748

$80,000

3 bd · 1.0 ba · 1,212 sqft · SingleFamily public records · 180 Days on market

Built 1959 $66/sqft · 58% below area ↓ 11% since listing

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Why this score? — see what drove the B+ 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 +30.0/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Schools +3.7/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great Investment Opportunity in Gurley. Discover the full potential of this 3-bedroom, 1-bath home offering 1,212 square feet on a spacious lot. Ideal for those seeking a small-town atmosphere and a slower-paced lifestyle while still enjoying convenient access to nearby amenities. Located within 30 minutes of Huntsville and Madison, AL, this property presents multiple possibilities—renovate and expand the existing home or start fresh with a new build. With flexible exit strategies and strong upside, this property proves that good things truly do come in small packages. Sold As-Is

Key facts

• New build
• Spacious lot
• Garage

Tags

• SPACIOUS LOT
• NEW BUILD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $175 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#357 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute 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: Madison County Elementary School (math 17% / reading 47%, grade F, #331 of 627 statewide, top 57%, 412 students, 59% FRL); Madison County High School (math 32% / reading 42%, grade F, #39 of 305 statewide, top 13%, 483 students, 35% FRL) — zoned schools average 47% FRL vs 29% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 183 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($553 loan paydown + $8k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 180 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 180 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 1.27% ✓
• Cap rate: 10.80%
• Cash-on-cash: 16.09%
• DSCR: 1.72
• GRM: 6.6

CMA / ARV

• ARV (median comp): $190,340
• List price: $80,000
• Delta: -57.97%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
269 Miller Rd	0.06mi	3/2.0	1,230 (+2%)	13mo	$240,000	$195	80
554 Miller Rd	0.65mi	3/1.0	1,280 (+6%)	2mo	$65,000	$51	59
398 Miller Rd	0.30mi	2/1.5 (-1)	1,077 (-11%)	6mo	$182,500	$169	56
150 Keel Mountain Rd	0.75mi	3/2.0	1,210 (-0%)	8mo	$200,000	$165	54
212 Styles Dr	0.37mi	3/2.0	1,080 (-11%)	14mo	$182,000	$169	49
134 Keel Mountain Rd	0.75mi	3/2.0	1,265 (+4%)	10mo	$220,000	$174	46
163 Mckinney Dr	0.64mi	3/1.5	1,375 (+13%)	12mo	$255,000	$185	36

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 31.2%
• Equity multiple: 3.45×
• Total profit: $54,789
• Equity at exit: $72,070

10-year hold

• IRR: 27.0%
• Equity multiple: 7.82×
• Total profit: $152,691
• Equity at exit: $155,422

Cash invested: $22,400 (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 35748

• Home prices YoY: 4.0%
• Active inventory: 183
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,016 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$50 /mo · $595/yr
• Insurance: −$33
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $175

Break-even live

Break-even rent $795

Max offer price $80,000

Occupancy floor 78%

Sensitivity live

Price	-10% $220	-5% $198	+0% $175	+5% $153	+10% $130
Rent	-10% $95	-5% $135	+0% $175	+5% $215	+10% $255
Rate	-1.0pp $215	-0.5pp $196	base $175	+0.5pp $154	+1.0pp $133

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
325 Section Line Rd Gurley, AL	3.0	2.0	850	$1,198	$1.41	15d	1	1.01mi
373 Sectionline St Gurley, AL	2.0	1.0	806	$800	$0.99	15d	1	1.14mi

Listing history 16 events

1. 2026-06-22
   days on market $80,000 Active 180 DOM
2. 2026-06-18
   days on market $80,000 Active 177 DOM
3. 2026-06-17
   days on market $80,000 Active 176 DOM
4. 2026-06-16
   days on market $80,000 Active 175 DOM
5. 2026-06-15
   days on market $80,000 Active 174 DOM
6. 2026-06-14
   days on market $80,000 Active 172 DOM
7. 2026-06-10
   days on market $80,000 Active 169 DOM
8. 2026-06-09
   days on market $80,000 Active 168 DOM
9. 2026-06-08
   days on market $80,000 Active 167 DOM
10. 2026-06-07
    days on market $80,000 Active 166 DOM
11. 2026-06-02
    days on market $80,000 Active 161 DOM
12. 2026-06-01
    days on market $80,000 Active 160 DOM
13. 2026-05-31
    days on market $80,000 Active 159 DOM
14. 2026-05-30
    days on market $80,000 Active 158 DOM
15. 2026-02-04
    price $80,000 592-char remark

    Show marketing remark (592 chars)

    Great Investment Opportunity in Gurley. Discover the full potential of this 3-bedroom, 1-bath home offering 1,212 square feet on a spacious lot. Ideal for those seeking a small-town atmosphere and a slower-paced lifestyle while still enjoying convenient access to nearby amenities. Located within 30 minutes of Huntsville and Madison, AL, this property presents multiple possibilities—renovate and expand the existing home or start fresh with a new build. With flexible exit strategies and strong upside, this property proves that good things truly do come in small packages. Sold As-Is

16. 2025-12-23
    listed $90,000 Active 592-char remark

    Show marketing remark (592 chars)

    Great Investment Opportunity in Gurley. Discover the full potential of this 3-bedroom, 1-bath home offering 1,212 square feet on a spacious lot. Ideal for those seeking a small-town atmosphere and a slower-paced lifestyle while still enjoying convenient access to nearby amenities. Located within 30 minutes of Huntsville and Madison, AL, this property presents multiple possibilities—renovate and expand the existing home or start fresh with a new build. With flexible exit strategies and strong upside, this property proves that good things truly do come in small packages. Sold As-Is

ⓘ 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: $595 · $50/mo
• Projected year-2 tax: $595 · $50/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 7/10 Severe FEMA zone A · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 22% 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: $12,195
• − Mortgage interest: −$4,481
• − Property taxes: −$595
• − Insurance: −$1,902
• − Repairs & maintenance: −$976
• − Management: −$976
• − Depreciation: −$2,327
• Taxable income: $938
• Est. tax owed @ 24.0%: −$225
• After-tax cash flow: $1,877/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 — Gurley

• Score: 58/100
• State rank: #357
• US rank: #20987

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 7,311

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 (92%)
• Race & ethnicity: White 92% Two or more races 3% Black 3%
• Common ancestry: Lithuanian 5% Slovak 4% Italian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · French/Haitian/Cajun 1% Other Indo-European 1% Tagalog/Filipino 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: ▲ 13.02%
• Current HPI: 337.7613
• Rent YoY: —
• Metro: —
• 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

-11.1% since first listed

2 events — show timeline

• 2026-02-04 Price Changed $80,000 VMLS
• 2025-12-23 Listed $90,000 VMLS

Property tax history

+4.8%/yr

Latest (2024): $595 · +5.3% YoY. Source: county tax records.