205 Bermuda Lakes Dr · Moores Mill, AL 35759

$239,900

3 bd · 1.0 ba · 1,566 sqft · SingleFamily public records · 24 Days on market

Built 2016 10,454 sqft lot Est $216k · 11% over $21/mo HOA · 1% of rent

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Why this score? — see what drove the D- 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 +13.9/30.0
• DSCR +4.2/10.0
• Schools +3.7/10.0
• Livability +3.3/5.0
• 1% rule +2.7/10.0
• Rent growth +2.6/5.0
• ARV discount +2.5/15.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here is your chance to earn some sweat equity! This 3 bed, 2 bath brick home has an open floor plan with a vaulted ceiling plus a 2 car garage. Well-located in the fast growing Meridianville area, it is ideal for either a personal residence or highly-sought after rental. Check it out before its gone!

Key facts

• New carpet
• Remodeled kitchen
• Fresh neutral paint

Tags

• REMODELED KITCHEN
• GRANITE COUNTERTOPS
• ENGINEERED WOOD FLOORING
• NEW CARPET
• FRESH NEUTRAL PAINT

Property features AI

Finance

• Other: Directions: Take Interstate 565 East until it becomes Highway 72. Turn left on Moore’s Mill Road; Bermuda Lakes is on the right just before Lynn Fanning Elementary.
• Financial info: Financial details not provided
• HOA & community: Homeowners association with an annual fee of $250; Located in the Bermuda Lakes subdivision

Exterior

• Parking: Attached one-car garage
• Security: Not specified
• Utilities: Public water; Public sewer; Electric service not detailed
• Home design: Single-family residence; One-story; Built in 2016; Living area approximately 1,566 square feet; Brick exterior
• Construction: Slab foundation; Brick construction
• Exterior features: Public water; Public sewer; Lot of about 0.24 acres

Interior

• Kitchen: Appliances not specified
• Bedrooms: Not specified
• Flooring: Not specified
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central cooling
• Interior features: Five total rooms
• Laundry & utility: Washer/dryer information not specified

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $26 ($310/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 $186k (22.6% below list).
• Recommended offer: $186k (22.6% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.8% in Moores Mill — 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 66/100 on livability (#109 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living 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; 14 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $7k 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

• It's been on market 24 days — a 2% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y 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 $175k; 37% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $185,737 (22.6% 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.77% ✗
• Cap rate: 6.42%
• Cash-on-cash: 0.46%
• DSCR: 1.02
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $216,108
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
205 Bermuda Lakes Dr	0.00mi	3/2.0	1,500 (-4%)	2mo	$175,000	$117	88
212 Bermuda Lakes Dr	0.05mi	3/2.0	1,503 (-4%)	6mo	$220,000	$146	82
256 Bermuda Lakes Dr	0.21mi	3/2.5	1,546 (-1%)	8mo	$210,000	$136	76
101 Bermuda Lakes Dr	0.49mi	3/2.0	1,651 (+5%)	3mo	$245,000	$148	61
122 Bermuda Lakes Dr	0.36mi	3/2.0	1,488 (-5%)	14mo	$234,000	$157	59
113 Addlestone Cir	0.18mi	4/3.0 (+1)	1,774 (+13%)	1mo	$239,888	$135	56
109 Addlestone Cir	0.18mi	4/3.0 (+1)	1,774 (+13%)	3mo	$246,888	$139	54
126 Waterway Dr	0.16mi	4/3.0 (+1)	1,774 (+13%)	7mo	$249,888	$141	52
230 Cotton Bayou Dr	0.35mi	3/2.5	1,776 (+13%)	5mo	$210,000	$118	52
110 Addlestone Cir	0.21mi	4/3.0 (+1)	1,774 (+13%)	6mo	$242,000	$136	50
102 Addlestone Cir	0.23mi	4/3.0 (+1)	1,774 (+13%)	6mo	$244,888	$138	49
106 Waterway Dr	0.15mi	4/3.0 (+1)	1,774 (+13%)	12mo	$244,990	$138	48

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: -18.0%
• Equity multiple: 0.38×
• Total profit: $-41,802
• Equity at exit: $35,770

10-year hold

• IRR: -15.2%
• Equity multiple: 0.22×
• Total profit: $-52,169
• Equity at exit: $20,742

Cash invested: $67,172 (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: 10.8×

Monthly cashflow live

• Estimated rent: $1,857 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$62 /mo · $749/yr
• Insurance: −$100
• HOA: −$21
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $26

Break-even live

Break-even rent $1,825

Max offer price $239,900

Occupancy floor 94%

Sensitivity live

Price	-10% $162	-5% $94	+0% $26	+5% $-42	+10% $-110
Rent	-10% $-121	-5% $-48	+0% $26	+5% $99	+10% $173
Rate	-1.0pp $147	-0.5pp $87	base $26	+0.5pp $-36	+1.0pp $-100

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
225 Bermuda Lakes Dr Meridianville, AL	3.0	2.0	1387	$1,595	$1.15	45d	1	0.06mi
179 Cotton Bayou Dr Meridianville, AL	4.0	2.0	1835	$1,700	$0.93	45d	1	0.23mi
177 Cotton Bayou Dr Meridianville, AL	4.0	2.0	2004	$1,825	$0.91	15d	1	0.24mi
206 Cotton Bayou Dr Meridianville, AL	4.0	2.0	1848	$1,850	$1.00	25d	1	0.26mi
219 Cotton Bayou Dr Meridianville, AL	4.0	3.0	2091	$1,950	$0.93	15d	1	0.27mi
204 Cotton Bayou Dr Meridianville, AL	4.0	3.0	2091	$1,995	$0.95	45d	1	0.27mi
102 Edisto Cir Meridianville, AL	4.0	3.0	2091	$1,800	$0.86	25d	1	0.27mi
196 Cotton Bayou Dr Meridianville, AL	4.0	2.0	2004	$1,700	$0.85	45d	1	0.29mi
186 Cotton Bayou Dr Meridianville, AL	4.0	2.0	1835	$1,700	$0.93	45d	1	0.30mi
224 Cotton Bayou Dr Meridianville, AL	4.0	2.5	2160	$1,850	$0.86	25d	1	0.31mi
190 Cotton Bayou Dr Meridianville, AL	4.0	2.0	1844	$1,650	$0.89	45d	1	0.31mi
200 Reeney Dr New Market, AL	4.0	2.5	2143	$1,895	$0.88	45d	1	0.59mi
120 Lexi Ln Meridianville, AL	3.0	2.0	1621	$1,700	$1.05	25d	1	0.68mi
113 Saylor Rose Dr New Market, AL	3.0	2.0	1620	$1,739	$1.07	45d	1	0.90mi

HOA detail

• Monthly dues: $21 · $252/yr

Listing history 25 events

1. 2026-06-22
   days on market $239,900 Active 24 DOM
2. 2026-06-18
   days on market $239,900 Active 21 DOM
3. 2026-06-17
   days on market $239,900 Active 20 DOM
4. 2026-06-16
   days on market $239,900 Active 19 DOM
5. 2026-06-15
   days on market $239,900 Active 18 DOM
6. 2026-06-14
   days on market $239,900 Active 16 DOM
7. 2026-06-10
   days on market $239,900 Active 13 DOM
8. 2026-06-09
   days on market $239,900 Active 12 DOM
9. 2026-06-08
   days on market $239,900 Active 11 DOM
10. 2026-06-07
    pricedays on market $239,900 Active 10 DOM
11. 2026-06-03
    days on market $245,000 Active 6 DOM
12. 2026-06-02
    days on market $245,000 Active 5 DOM
13. 2026-06-01
    days on market $245,000 Active 4 DOM
14. 2026-05-31
    days on market $245,000 Active 3 DOM
15. 2026-05-30
    days on market $245,000 Active 2 DOM
16. 2026-05-28
    listed $245,000 Active
17. 2026-04-28
    soldstatus $175,000 Sold 304-char remark

    Show marketing remark (304 chars)

    Here is your chance to earn some sweat equity! This 3 bed, 2 bath brick home has an open floor plan with a vaulted ceiling plus a 2 car garage. Well-located in the fast growing Meridianville area, it is ideal for either a personal residence or highly-sought after rental. Check it out before its gone!

18. 2026-03-18
    status Pending 304-char remark

    Show marketing remark (304 chars)

    Here is your chance to earn some sweat equity! This 3 bed, 2 bath brick home has an open floor plan with a vaulted ceiling plus a 2 car garage. Well-located in the fast growing Meridianville area, it is ideal for either a personal residence or highly-sought after rental. Check it out before its gone!

19. 2026-03-05
    listed $177,000 Active 304-char remark

    Show marketing remark (304 chars)

    Here is your chance to earn some sweat equity! This 3 bed, 2 bath brick home has an open floor plan with a vaulted ceiling plus a 2 car garage. Well-located in the fast growing Meridianville area, it is ideal for either a personal residence or highly-sought after rental. Check it out before its gone!

20. 2022-04-13
    soldstatus $220,000
21. 2022-04-12
    soldstatus $220,000 Sold 55-char remark

    Show marketing remark (55 chars)

    Beautiful 5-year-old 3 bedroom 2 bath brick ranch home,

22. 2022-03-09
    historical Contingent 55-char remark

    Show marketing remark (55 chars)

    Beautiful 5-year-old 3 bedroom 2 bath brick ranch home,

23. 2022-03-07
    listed $199,900 Active 55-char remark

    Show marketing remark (55 chars)

    Beautiful 5-year-old 3 bedroom 2 bath brick ranch home,

24. 2016-08-30
    soldstatus $120,310
25. 2016-01-25
    listed $120,310

ⓘ 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: $749 · $62/mo
• Projected year-2 tax: $984 · $82/mo
• Expected delta: +$234/yr (+$20/mo · 31.2%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 22% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,288
• − Mortgage interest: −$13,438
• − Property taxes: −$749
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,783
• − Management: −$1,783
• − HOA: −$252
• − Depreciation: −$6,979
• Taxable loss: −$3,896
• Est. tax savings @ 24.0%: +$935
• After-tax cash flow: $1,245/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 — Moores Mill

• Score: 66/100
• State rank: #109
• US rank: #11986

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Madison County · 380,832 people
• 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

+103.6% since first listed

10 events — show timeline

• 2026-05-28 Listed $245,000 VMLS
• 2026-04-28 Sold (MLS) $175,000 VMLS
• 2026-03-18 Pending — VMLS
• 2026-03-05 Listed $177,000 VMLS
• 2022-04-13 Sold (Public Records) $220,000 Public Records
• 2022-04-12 Sold (MLS) $220,000 VMLS
• 2022-03-09 Contingent — VMLS
• 2022-03-07 Listed $199,900 VMLS
• 2016-08-30 Sold (MLS) $120,310 VMLS
• 2016-01-25 Listed $120,310 VMLS

Property tax history

+19.4%/yr

Latest (2024): $749 · +4.1% YoY. Source: county tax records.