219 Wilson Ave · Florence, AL 35630

$150,000

3 bd · 2.0 ba · 1,773 sqft · SingleFamily public records · 12 Days on market

Built 1953 0.34 ac lot $85/sqft · 14% below area Est $175k · 14% 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).

• Cash flow +23.3/30.0
• ARV discount +14.0/15.0
• DSCR +7.5/10.0
• 1% rule +5.8/10.0
• Livability +4.1/5.0
• Rent growth +4.0/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the heart of Florence, this 3-bedroom, 2-bath home sits on a desirable corner lot and offers incredible potential for homeowners and investors alike! Featuring a privacy fenced backyard, covered patio perfect for entertaining, and a functional layout ready for your personal touch, this property presents multiple possibilities for value and income potential.

Key facts

• Covered patio
• Functional layout
• 0.34 acre lot

Tags

• PRIVACY FENCED BACKYARD
• COVERED PATIO
• FUNCTIONAL LAYOUT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $274 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 8.5% vs local median 3.6% in Florence — 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 82/100 on livability (#4 in AL, #1,140 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Florence City (urban): math 28% / reading 44% proficiency, ranked #44 of 129 in AL (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+6.2%/yr); 269 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 164 units permitted in Lauderdale County in 2024 (72 in 5+ unit buildings).
• This rent runs 42% of the median local income ($46k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 18y 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 $110k; 37% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 23% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,000

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: 1.08% ✓
• Cap rate: 8.49%
• Cash-on-cash: 7.84%
• DSCR: 1.35
• GRM: 7.7

CMA / ARV

• ARV (median comp): $175,099
• List price: $150,000
• Delta: -14.33%
• 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
407 Seymore Ave	0.29mi	3/2.0	1,600 (-10%)	0mo	$199,000	$124	70
319 Garfield Ave	0.46mi	3/2.0	1,700 (-4%)	2mo	$210,000	$124	70
321 Calhoun Dr	0.23mi	3/2.0	1,513 (-15%)	1mo	$185,000	$122	64
1909 Erskine Dr	0.37mi	3/2.5	1,850 (+4%)	12mo	$395,000	$214	64
2318 Parc Pl	0.53mi	3/2.0	1,767 (-0%)	14mo	$299,900	$170	63
2332 Mcburney Dr	0.64mi	3/2.0	1,683 (-5%)	3mo	$187,000	$111	60
117 Garfield Ave	0.45mi	3/2.0	1,882 (+6%)	13mo	$175,000	$93	58
1626 Ridge Ave	0.48mi	3/2.0	2,000 (+13%)	1mo	$217,000	$109	56
1926 Randolph St	0.45mi	4/2.0 (+1)	1,585 (-11%)	3mo	$205,000	$129	54
1818 Jackson Rd	0.38mi	3/2.0	1,554 (-12%)	14mo	$217,500	$140	51
2331 Mcburney Dr	0.62mi	4/2.0 (+1)	1,616 (-9%)	1mo	$219,000	$136	50
2317 Parc Pl	0.49mi	2/2.0 (-1)	1,950 (+10%)	15mo	$234,900	$120	43

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 · 6.18% rent growth · sell at horizon

5-year hold

• IRR: -0.9%
• Equity multiple: 0.97×
• Total profit: $-1,464
• Equity at exit: $22,365

10-year hold

• IRR: 11.8%
• Equity multiple: 2.07×
• Total profit: $44,735
• Equity at exit: $12,969

Cash invested: $42,000 (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 35630

• Home prices YoY: -33.7%
• Rents YoY: 6.2%
• Active inventory: 269
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,623 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$159 /mo · $1,907/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $274

Break-even live

Break-even rent $1,276

Max offer price $150,000

Occupancy floor 78%

Sensitivity live

Price	-10% $359	-5% $317	+0% $274	+5% $232	+10% $189
Rent	-10% $146	-5% $210	+0% $274	+5% $339	+10% $403
Rate	-1.0pp $350	-0.5pp $313	base $274	+0.5pp $236	+1.0pp $196

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2370 Roberts Ln Florence, AL	3.0	2.0	1716	$1,650	$0.96	45d	1	0.47mi
1413 N Pine St Florence, AL	4.0	2.0	1444	$1,695	$1.17	45d	1	0.61mi
1252 Hermitage Dr Florence, AL	2.0	2.0	1250	$1,170	$0.94	45d	1	1.23mi

Listing history 14 events

1. 2026-05-05
   status Pending 370-char remark

   Show marketing remark (370 chars)

   Located in the heart of Florence, this 3-bedroom, 2-bath home sits on a desirable corner lot and offers incredible potential for homeowners and investors alike! Featuring a privacy fenced backyard, covered patio perfect for entertaining, and a functional layout ready for your personal touch, this property presents multiple possibilities for value and income potential.

2. 2026-05-04
   status Pending 370-char remark

   Show marketing remark (370 chars)

   Located in the heart of Florence, this 3-bedroom, 2-bath home sits on a desirable corner lot and offers incredible potential for homeowners and investors alike! Featuring a privacy fenced backyard, covered patio perfect for entertaining, and a functional layout ready for your personal touch, this property presents multiple possibilities for value and income potential.

3. 2026-04-28
   status Active 370-char remark

   Show marketing remark (370 chars)

   Located in the heart of Florence, this 3-bedroom, 2-bath home sits on a desirable corner lot and offers incredible potential for homeowners and investors alike! Featuring a privacy fenced backyard, covered patio perfect for entertaining, and a functional layout ready for your personal touch, this property presents multiple possibilities for value and income potential.

4. 2026-04-28
   status Active 370-char remark

   Show marketing remark (370 chars)

   Located in the heart of Florence, this 3-bedroom, 2-bath home sits on a desirable corner lot and offers incredible potential for homeowners and investors alike! Featuring a privacy fenced backyard, covered patio perfect for entertaining, and a functional layout ready for your personal touch, this property presents multiple possibilities for value and income potential.

5. 2026-04-20
   status Pending 370-char remark

   Show marketing remark (370 chars)

   Located in the heart of Florence, this 3-bedroom, 2-bath home sits on a desirable corner lot and offers incredible potential for homeowners and investors alike! Featuring a privacy fenced backyard, covered patio perfect for entertaining, and a functional layout ready for your personal touch, this property presents multiple possibilities for value and income potential.

6. 2026-04-20
   status Pending 370-char remark

   Show marketing remark (370 chars)

   Located in the heart of Florence, this 3-bedroom, 2-bath home sits on a desirable corner lot and offers incredible potential for homeowners and investors alike! Featuring a privacy fenced backyard, covered patio perfect for entertaining, and a functional layout ready for your personal touch, this property presents multiple possibilities for value and income potential.

7. 2026-04-19
   status Active 370-char remark

   Show marketing remark (370 chars)

   Located in the heart of Florence, this 3-bedroom, 2-bath home sits on a desirable corner lot and offers incredible potential for homeowners and investors alike! Featuring a privacy fenced backyard, covered patio perfect for entertaining, and a functional layout ready for your personal touch, this property presents multiple possibilities for value and income potential.

8. 2026-04-18
   status Pending 370-char remark

   Show marketing remark (370 chars)

   Located in the heart of Florence, this 3-bedroom, 2-bath home sits on a desirable corner lot and offers incredible potential for homeowners and investors alike! Featuring a privacy fenced backyard, covered patio perfect for entertaining, and a functional layout ready for your personal touch, this property presents multiple possibilities for value and income potential.

9. 2026-04-16
   listed $150,000 Active 370-char remark

   Show marketing remark (370 chars)

   Located in the heart of Florence, this 3-bedroom, 2-bath home sits on a desirable corner lot and offers incredible potential for homeowners and investors alike! Featuring a privacy fenced backyard, covered patio perfect for entertaining, and a functional layout ready for your personal touch, this property presents multiple possibilities for value and income potential.

10. 2026-04-15
    listed $150,000 Active 370-char remark

    Show marketing remark (370 chars)

    Located in the heart of Florence, this 3-bedroom, 2-bath home sits on a desirable corner lot and offers incredible potential for homeowners and investors alike! Featuring a privacy fenced backyard, covered patio perfect for entertaining, and a functional layout ready for your personal touch, this property presents multiple possibilities for value and income potential.

11. 2010-06-30
    soldstatus $109,750
12. 2010-05-13
    listed $109,750
13. 2010-03-02
    listed $109,900
14. 2008-03-12
    listed $98,900

ⓘ 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: $1,907 · $159/mo
• Projected year-2 tax: $1,907 · $159/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 6/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% 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: $19,480
• − Mortgage interest: −$8,402
• − Property taxes: −$1,907
• − Insurance: −$750
• − Repairs & maintenance: −$1,558
• − Management: −$1,558
• − Depreciation: −$4,364
• Taxable income: $940
• Est. tax owed @ 24.0%: −$226
• After-tax cash flow: $3,067/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: Florence City
• NCES district ID: 0101530
• Math proficiency: 28% ▼ -28.00%
• Reading proficiency: 44% ▼ -4.00%
• Median HH income: $34,997
• Composite: 29.69/100
• National rank: #6456
• State rank: #44 of 129 in AL

Livability — Florence

• Score: 82/100
• State rank: #4
• US rank: #1140

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Florence, AL
• County: Lauderdale County · 47,988 people
• City population: 34,028
• Metro: Florence-Muscle Shoals, AL
• Population (ZIP): 34,028
• Household income: $46,304
• Rent vs Own: 54.7% rent · 45.3% own
• Severe rent burden: 1516.0

Population outlook (Lauderdale County) Hauer SSP2

• Today (2025): 93,386 people
• By 2030: 93,634 · +0.3%
• By 2040: 93,114 · -0.3%
• By 2050: 91,586 · -1.9%
• By 2075: 88,667 · -5.1%
• By 2100: 81,098 · -13.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 18% Two or more races 6% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 3% Serbian 2% Romanian 1%
• Foreign-born: 4% · Canada, Vietnam, Guatemala
• Languages at home: 92% English-only · Spanish 6% Vietnamese 1%

Political lean MEDSL · Lauderdale

• 2024 margin: Solid R (+51.5) · D 23.8% · R 75.3%
• 2008→2024 swing: -23.3pp toward R · 2008: -28.2pp · 2024: -51.5pp
• All cycles: 2024: R+51.5 2020: R+44.7 2016: R+46.0 2012: R+30.9 2008: R+28.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.78%
• Current HPI: 206.1364
• Rent YoY: ▲ 6.18%
• Metro: Florence-Muscle Shoals, 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

+51.7% since first listed

14 events — show timeline

• 2026-05-05 Pending — VMLS
• 2026-05-04 Pending — SAARMLS
• 2026-04-28 Relisted — SAARMLS
• 2026-04-28 Relisted — VMLS
• 2026-04-20 Pending — VMLS
• 2026-04-20 Pending — SAARMLS
• 2026-04-19 Relisted — VMLS
• 2026-04-18 Pending — VMLS
• 2026-04-16 Listed $150,000 SAARMLS
• 2026-04-15 Listed $150,000 VMLS
• 2010-06-30 Sold (MLS) $109,750 SAARMLS
• 2010-05-13 Listed $109,750 SAARMLS
• 2010-03-02 Listed $109,900 SAARMLS
• 2008-03-12 Listed $98,900 SAARMLS