404 NW 3rd St · Summerdale, AL 36580

$279,900

3 bd · 3.0 ba · 2,280 sqft · SingleFamily public records · 201 Days on market

Built 1968 0.32 ac lot $123/sqft · 11% below area Est $313k · 11% under ↓ 11% since listing

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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 +14.1/30.0
• ARV discount +12.3/15.0
• Appreciation +9.0/10.0
• DSCR +4.3/10.0
• 1% rule +3.9/10.0
• Schools +3.9/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Plenty to love about this 3bed/3bath home in Summerdale! Right off of Hwy 59, you have unbeatable ease north to I-10 or south to the gorgeous beaches of Gulf Shores and Orange Beach! Plus all of the shopping and dining options along Hwy 59, including the phenomenal Tanger Outlets, Local & Co restaurant, Alligator Alley, and much more. The home itself is nicely laid out with space for everyone, featuring a front Living Room, separate Family Room, and Kitchen leading into the formal Dining Room. The Family Room and Dining Room both enjoy French Doors leading to the secluded back yard. Your Primary Suite offers His/Her Walk In Closets as well as Double Vanities, and Private Water Closet. Extra storage available in the large Shed out back! And your covered side Patio makes a pleasant spot for enjoying a book or a quiet moment before the day begins. Experience for yourself what life is like in peaceful Baldwin County and schedule your showing today! All info deemed reliable and to be verified by buyer/buyers agent within contingency period. Buyer to verify all information during due diligence.

Key facts

• Secluded back yard
• Covered side patio
• Double vanities

Tags

• SECLUDED BACK YARD
• HIS HER WALK IN CLOSETS
• DOUBLE VANITIES
• PRIVATE WATER CLOSET
• LARGE SHED
• COVERED SIDE PATIO

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $280k.

Deal economics

• At list price, monthly cash flow is $41 ($488/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 $250k (10.7% below list).
• Recommended offer: $246k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.5% vs local median 4.7% in Summerdale — 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 57/100 on livability (#384 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools D-, crime F, amenities F.
• Baldwin County (rural): math 33% / reading 57% proficiency, ranked #18 of 129 in AL (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 143 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 3,883 units permitted in Baldwin County in 2024 (481 in 5+ unit buildings).

Forward outlook

• In year one you build about $24k of equity ($2k loan paydown + $22k appreciation (8.0% local appreciation)).
• Baldwin County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (8.0% appreciation + 3.0% rent growth), your $78k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 201 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $246,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 201 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 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.89% ✗
• Cap rate: 6.47%
• Cash-on-cash: 0.62%
• DSCR: 1.03
• GRM: 9.3

CMA / ARV

• ARV (median comp): $313,352
• List price: $279,900
• Delta: -10.68%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
434 Shriver Ave	0.18mi	4/3.0 (+1)	2,294 (+1%)	8mo	$359,990	$157	79
402 Shriver Ave	0.09mi	4/2.0 (+1)	2,000 (-12%)	4mo	$324,500	$162	63
211 NW 1st St	0.16mi	3/2.0	2,098 (-8%)	22mo	$295,000	$141	56
442 Shriver Ave	0.19mi	4/2.0 (+1)	2,000 (-12%)	10mo	$355,990	$178	53
502 7th St	0.69mi	3/2.0	2,383 (+4%)	12mo	$450,000	$189	46

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

Projected returns pro-forma

7.97% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.4%
• Equity multiple: 2.50×
• Total profit: $117,453
• Equity at exit: $212,139

10-year hold

• IRR: 18.9%
• Equity multiple: 5.32×
• Total profit: $338,906
• Equity at exit: $420,609

Cash invested: $78,372 (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 36580

• Home prices YoY: 2.8%
• Active inventory: 143
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$1,468
• Tax est. 1.5%: −$350 /mo · $4,198/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $41

Break-even live

Break-even rent $2,449

Max offer price $279,900

Occupancy floor 93%

Sensitivity live

Price	-10% $234	-5% $137	+0% $41	+5% $-56	+10% $-153
Rent	-10% $-157	-5% $-58	+0% $41	+5% $139	+10% $238
Rate	-1.0pp $182	-0.5pp $112	base $41	+0.5pp $-32	+1.0pp $-106

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: $69,975
• Closing costs: $8,397
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19100 County Road 71 Summerdale, AL	4.0	2.0	2106	$2,500	$1.19	21d	1	0.85mi

Listing history 23 events

1. 2026-06-19
   days on market $279,900 Active 201 DOM
2. 2026-06-18
   days on market $279,900 Active 200 DOM
3. 2026-06-17
   days on market $279,900 Active 199 DOM
4. 2026-06-16
   days on market $279,900 Active 198 DOM
5. 2026-06-15
   days on market $279,900 Active 197 DOM
6. 2026-06-14
   days on market $279,900 Active 195 DOM
7. 2026-06-13
   days on market $279,900 Active 194 DOM
8. 2026-06-10
   days on market $279,900 Active 192 DOM
9. 2026-06-09
   days on market $279,900 Active 191 DOM
10. 2026-06-08
    days on market $279,900 Active 190 DOM
11. 2026-06-07
    days on market $279,900 Active 189 DOM
12. 2026-06-03
    days on market $279,900 Active 185 DOM
13. 2026-06-02
    days on market $279,900 Active 184 DOM
14. 2026-06-01
    days on market $279,900 Active 183 DOM
15. 2026-05-31
    days on market $279,900 Active 182 DOM
16. 2026-05-30
    days on market $279,900 Active 181 DOM
17. 2026-04-17
    price $285,000 1111-char remark

    Show marketing remark (1111 chars)

    Plenty to love about this 3bed/3bath home in Summerdale! Right off of Hwy 59, you have unbeatable ease north to I-10 or south to the gorgeous beaches of Gulf Shores and Orange Beach! Plus all of the shopping and dining options along Hwy 59, including the phenomenal Tanger Outlets, Local & Co restaurant, Alligator Alley, and much more. The home itself is nicely laid out with space for everyone, featuring a front Living Room, separate Family Room, and Kitchen leading into the formal Dining Room. The Family Room and Dining Room both enjoy French Doors leading to the secluded back yard. Your Primary Suite offers His/Her Walk In Closets as well as Double Vanities, and Private Water Closet. Extra storage available in the large Shed out back! And your covered side Patio makes a pleasant spot for enjoying a book or a quiet moment before the day begins. Experience for yourself what life is like in peaceful Baldwin County and schedule your showing today! All info deemed reliable and to be verified by buyer/buyers agent within contingency period. Buyer to verify all information during due diligence.

18. 2026-04-03
    price $287,400 1111-char remark

    Show marketing remark (1111 chars)

    Plenty to love about this 3bed/3bath home in Summerdale! Right off of Hwy 59, you have unbeatable ease north to I-10 or south to the gorgeous beaches of Gulf Shores and Orange Beach! Plus all of the shopping and dining options along Hwy 59, including the phenomenal Tanger Outlets, Local & Co restaurant, Alligator Alley, and much more. The home itself is nicely laid out with space for everyone, featuring a front Living Room, separate Family Room, and Kitchen leading into the formal Dining Room. The Family Room and Dining Room both enjoy French Doors leading to the secluded back yard. Your Primary Suite offers His/Her Walk In Closets as well as Double Vanities, and Private Water Closet. Extra storage available in the large Shed out back! And your covered side Patio makes a pleasant spot for enjoying a book or a quiet moment before the day begins. Experience for yourself what life is like in peaceful Baldwin County and schedule your showing today! All info deemed reliable and to be verified by buyer/buyers agent within contingency period. Buyer to verify all information during due diligence.

19. 2026-03-24
    price $289,900 1111-char remark

    Show marketing remark (1111 chars)

    Plenty to love about this 3bed/3bath home in Summerdale! Right off of Hwy 59, you have unbeatable ease north to I-10 or south to the gorgeous beaches of Gulf Shores and Orange Beach! Plus all of the shopping and dining options along Hwy 59, including the phenomenal Tanger Outlets, Local & Co restaurant, Alligator Alley, and much more. The home itself is nicely laid out with space for everyone, featuring a front Living Room, separate Family Room, and Kitchen leading into the formal Dining Room. The Family Room and Dining Room both enjoy French Doors leading to the secluded back yard. Your Primary Suite offers His/Her Walk In Closets as well as Double Vanities, and Private Water Closet. Extra storage available in the large Shed out back! And your covered side Patio makes a pleasant spot for enjoying a book or a quiet moment before the day begins. Experience for yourself what life is like in peaceful Baldwin County and schedule your showing today! All info deemed reliable and to be verified by buyer/buyers agent within contingency period. Buyer to verify all information during due diligence.

20. 2026-02-23
    price $299,900 1111-char remark

    Show marketing remark (1111 chars)

    Plenty to love about this 3bed/3bath home in Summerdale! Right off of Hwy 59, you have unbeatable ease north to I-10 or south to the gorgeous beaches of Gulf Shores and Orange Beach! Plus all of the shopping and dining options along Hwy 59, including the phenomenal Tanger Outlets, Local & Co restaurant, Alligator Alley, and much more. The home itself is nicely laid out with space for everyone, featuring a front Living Room, separate Family Room, and Kitchen leading into the formal Dining Room. The Family Room and Dining Room both enjoy French Doors leading to the secluded back yard. Your Primary Suite offers His/Her Walk In Closets as well as Double Vanities, and Private Water Closet. Extra storage available in the large Shed out back! And your covered side Patio makes a pleasant spot for enjoying a book or a quiet moment before the day begins. Experience for yourself what life is like in peaceful Baldwin County and schedule your showing today! All info deemed reliable and to be verified by buyer/buyers agent within contingency period. Buyer to verify all information during due diligence.

21. 2026-02-06
    price $305,000 1111-char remark

    Show marketing remark (1111 chars)

    Plenty to love about this 3bed/3bath home in Summerdale! Right off of Hwy 59, you have unbeatable ease north to I-10 or south to the gorgeous beaches of Gulf Shores and Orange Beach! Plus all of the shopping and dining options along Hwy 59, including the phenomenal Tanger Outlets, Local & Co restaurant, Alligator Alley, and much more. The home itself is nicely laid out with space for everyone, featuring a front Living Room, separate Family Room, and Kitchen leading into the formal Dining Room. The Family Room and Dining Room both enjoy French Doors leading to the secluded back yard. Your Primary Suite offers His/Her Walk In Closets as well as Double Vanities, and Private Water Closet. Extra storage available in the large Shed out back! And your covered side Patio makes a pleasant spot for enjoying a book or a quiet moment before the day begins. Experience for yourself what life is like in peaceful Baldwin County and schedule your showing today! All info deemed reliable and to be verified by buyer/buyers agent within contingency period. Buyer to verify all information during due diligence.

22. 2026-01-13
    price $309,900 1111-char remark

    Show marketing remark (1111 chars)

    Plenty to love about this 3bed/3bath home in Summerdale! Right off of Hwy 59, you have unbeatable ease north to I-10 or south to the gorgeous beaches of Gulf Shores and Orange Beach! Plus all of the shopping and dining options along Hwy 59, including the phenomenal Tanger Outlets, Local & Co restaurant, Alligator Alley, and much more. The home itself is nicely laid out with space for everyone, featuring a front Living Room, separate Family Room, and Kitchen leading into the formal Dining Room. The Family Room and Dining Room both enjoy French Doors leading to the secluded back yard. Your Primary Suite offers His/Her Walk In Closets as well as Double Vanities, and Private Water Closet. Extra storage available in the large Shed out back! And your covered side Patio makes a pleasant spot for enjoying a book or a quiet moment before the day begins. Experience for yourself what life is like in peaceful Baldwin County and schedule your showing today! All info deemed reliable and to be verified by buyer/buyers agent within contingency period. Buyer to verify all information during due diligence.

23. 2025-11-30
    listed $319,900 Active 1111-char remark

    Show marketing remark (1111 chars)

    Plenty to love about this 3bed/3bath home in Summerdale! Right off of Hwy 59, you have unbeatable ease north to I-10 or south to the gorgeous beaches of Gulf Shores and Orange Beach! Plus all of the shopping and dining options along Hwy 59, including the phenomenal Tanger Outlets, Local & Co restaurant, Alligator Alley, and much more. The home itself is nicely laid out with space for everyone, featuring a front Living Room, separate Family Room, and Kitchen leading into the formal Dining Room. The Family Room and Dining Room both enjoy French Doors leading to the secluded back yard. Your Primary Suite offers His/Her Walk In Closets as well as Double Vanities, and Private Water Closet. Extra storage available in the large Shed out back! And your covered side Patio makes a pleasant spot for enjoying a book or a quiet moment before the day begins. Experience for yourself what life is like in peaceful Baldwin County and schedule your showing today! All info deemed reliable and to be verified by buyer/buyers agent within contingency period. Buyer to verify all information during due diligence.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,000
• − Mortgage interest: −$15,679
• − Property taxes: −$4,198
• − Insurance: −$1,400
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − Depreciation: −$8,143
• Taxable loss: −$4,219
• Est. tax savings @ 24.0%: +$1,013
• After-tax cash flow: $1,501/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: Baldwin County
• NCES district ID: 0100270
• Math proficiency: 33% ▼ -26.00%
• Reading proficiency: 57% ▲ 1.00%
• Median HH income: $50,677
• Composite: 38.61/100
• National rank: #4157
• State rank: #18 of 129 in AL

Livability — Summerdale

• Score: 57/100
• State rank: #384
• US rank: #21872

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Summerdale, AL
• City population: 7,025
• Population (ZIP): 7,025

Population outlook (Baldwin County) Hauer SSP2

• Today (2025): 248,264 people
• By 2030: 270,315 · +8.9%
• By 2040: 312,967 · +26.1%
• By 2050: 352,262 · +41.9%
• By 2075: 438,841 · +76.8%
• By 2100: 487,736 · +96.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Two or more races 17% Hispanic / Latino 17% Black 5%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Serbian 2% Lithuanian 2% Italian 2%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 9%

Political lean MEDSL · Baldwin

• 2024 margin: Solid R (+58.2) · D 20.5% · R 78.7%
• 2008→2024 swing: -6.7pp toward R · 2008: -51.5pp · 2024: -58.2pp
• All cycles: 2024: R+58.2 2020: R+53.8 2016: R+57.8 2012: R+55.8 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.97%
• Current HPI: 288.8697
• 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

-10.9% since first listed

7 events — show timeline

• 2026-04-17 Price Changed $285,000 BCAR
• 2026-04-03 Price Changed $287,400 BCAR
• 2026-03-24 Price Changed $289,900 BCAR
• 2026-02-23 Price Changed $299,900 BCAR
• 2026-02-06 Price Changed $305,000 BCAR
• 2026-01-13 Price Changed $309,900 BCAR
• 2025-11-30 Listed $319,900 BCAR