1911 N Wood Ave · Florence, AL 35630

$174,900

3 bd · 2.0 ba · 1,248 sqft · SingleFamily public records · 2 Days on market

Built 1948 0.34 ac lot Est $149k · 18% over

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Why this score? — see what drove the F 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 +13.7/30.0
• DSCR +4.1/10.0
• Livability +4.1/5.0
• Rent growth +4.0/5.0
• Schools +3.0/10.0
• 1% rule +2.6/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Neat and charming cottage on North Wood! This 3 bedroom, 2 bath home is perched on a beautiful lot, just north of downtown Florence area, and features a fenced backyard, mature trees and landscaping, nice fire-pit area, detached garage, and plenty of outdoor space to enjoy. Conveniently located near downtown, this home offers comfort and has lots of character!

Key facts

• Fire-pit area
• Outdoor space
• Fenced backyard

Tags

• FENCED BACKYARD
• MATURE TREES
• FIRE-PIT AREA
• DETACHED GARAGE
• OUTDOOR SPACE

Property features AI

Exterior

• Parking: Detached or attached garage with 1 garage space
• Utilities: Public sewer
• Home design: Single-family residential property; Located in the University Heights subdivision; Zoned R1
• Construction: Stone construction; Shingle roof; Has basement
• Exterior features: Privacy fencing in back yard; Shed

Interior

• Kitchen: Electric range
• Bedrooms: 3 bedrooms on the main level
• Flooring: Carpet; Hardwood; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Electric water heater; Partial unfinished basement; 9 total rooms
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $12 ($148/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 $133k (23.7% below list).
• Recommended offer: $133k (23.7% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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.
• Zoned schools: Florence Middle School (math 22% / reading 44%, grade F, #101 of 257 statewide, top 40%, 689 students, 51% FRL); Florence High School (math 28% / reading 34%, grade F, #66 of 305 statewide, top 21%, 1,034 students, 36% FRL).
• Market conditions: Rents rising fast (+6.2%/yr); 268 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d 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 35% 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 $5k of value loss. Plan a longer hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 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 $136k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• 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 $133,462 (23.7% below list)

Questions for the listing agent

1. Built in 1948 — 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. 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: 0.76% ✗
• Cap rate: 6.38%
• Cash-on-cash: 0.30%
• DSCR: 1.01
• GRM: 10.9

CMA / ARV

• ARV (on-the-fly): $148,512
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2118 Mcburney Dr	0.21mi	3/1.0	1,289 (+3%)	3mo	$177,000	$137	78
145 E Duncan Ave	0.20mi	3/1.0	1,211 (-3%)	4mo	$129,000	$107	78
125 Foy Ave	0.34mi	3/1.0	1,248 (0%)	8mo	$185,000	$148	74
142 Hampton Ave	0.26mi	2/1.0 (-1)	1,274 (+2%)	6mo	$145,000	$114	70
1838 Shade Ave	0.31mi	2/1.0 (-1)	1,272 (+2%)	6mo	$127,450	$100	68
124 Foy Ave	0.36mi	2/1.0 (-1)	1,288 (+3%)	4mo	$115,000	$89	66
1616 Chisholm Rd	0.53mi	2/1.0 (-1)	1,240 (-1%)	1mo	$210,000	$169	64
514 Collier Ave	0.60mi	3/1.0	1,248 (0%)	8mo	$178,000	$143	62
2314 Norwood Blvd	0.55mi	3/1.5	1,371 (+10%)	0mo	$95,000	$69	56
216 Foy Ave	0.42mi	2/1.0 (-1)	1,110 (-11%)	1mo	$130,000	$117	52
526 Florida Ave	0.70mi	3/1.0	1,126 (-10%)	6mo	$134,500	$119	42
505 Florida Ave	0.67mi	2/1.0 (-1)	1,113 (-11%)	3mo	$160,000	$144	39

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: -12.8%
• Equity multiple: 0.53×
• Total profit: $-23,232
• Equity at exit: $26,078

10-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-251
• Equity at exit: $15,122

Cash invested: $48,972 (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: 268
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $1,335 high
• Mortgage (P&I): −$917
• Tax from tax record: −$52 /mo · $623/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $12

Break-even live

Break-even rent $1,319

Max offer price $174,900

Occupancy floor 94%

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1413 N Pine St Florence, AL	4.0	2.0	1444	$1,695	$1.17	43d	1	0.48mi
2424 Roberts Ln Florence, AL	2.0	2.0	1100	$1,095	$1.00	43d	1	0.73mi
1034 N Royal Ave Unit 2 Florence, AL	2.0	1.0	900	$850	$0.94	43d	1	0.86mi
1252 Hermitage Dr Florence, AL	2.0	2.0	1250	$1,170	$0.94	43d	1	1.00mi
939 N Royal Ave Florence, AL	2.0	1.0	900	$850	$0.94	43d	1	1.04mi
530 N Royal Ave Florence, AL	2.0	1.0	1200	$1,100	$0.92	44d	1	1.31mi
Cypress Dr Florence, AL	2.0	1.0	782	$695	$0.89	43d	1	1.36mi

Listing history 3 events

1. 2026-06-19
   days on market $174,900 Active 2 DOM
2. 2026-06-17
   remarks 362-char remark
3. 2026-06-17
   listed $174,900 Active 1 DOM

ⓘ 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: $623 · $52/mo
• Projected year-2 tax: $717 · $60/mo
• Expected delta: +$94/yr (+$8/mo · 15.0%)

ⓘ 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 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: $16,015
• − Mortgage interest: −$9,797
• − Property taxes: −$623
• − Insurance: −$874
• − Repairs & maintenance: −$1,281
• − Management: −$1,281
• − Depreciation: −$5,088
• Taxable loss: −$2,930
• Est. tax savings @ 24.0%: +$703
• After-tax cash flow: $851/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

+106.0% since first listed

8 events — show timeline

• 2026-06-17 Listed $174,900 SAARMLS
• 2021-10-26 Sold (Public Records) $135,900 Public Records
• 2021-10-26 Sold (MLS) $135,900 SAARMLS
• 2021-08-02 Listed $149,900 SAARMLS
• 2017-05-18 Sold (MLS) $80,000 SAARMLS
• 2016-11-21 Listed $84,900 SAARMLS
• 2009-02-27 Listed $84,900 SAARMLS
• 2008-08-15 Listed $84,900 SAARMLS

Property tax history

-0.9%/yr

Latest (2025): $623 · +7.6% YoY. Source: county tax records.