2232 N Wood Ave · Florence, AL 35630

$150,000

3 bd · 2.0 ba · 1,152 sqft · SingleFamily public records · 14 Days on market

Built 1948 0.41 ac lot $130/sqft · 9% above area Est $152k · at est. ↓ 14% since listing

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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 +16.3/30.0
• ARV discount +8.1/15.0
• DSCR +5.0/10.0
• Livability +4.1/5.0
• Rent growth +4.0/5.0
• 1% rule +3.5/10.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Recently remodeled home minutes from UNA. This home has been remodeled, which includes new flooring, windows, kitchen, baths and laundry room. A perfect starter home for someone, or a great investment property. call today for your showing.

Key facts

• New kitchen
• New laundry room
• New baths

Tags

• REMODELED HOME
• NEW FLOORING
• NEW WINDOWS
• NEW KITCHEN
• NEW BATHS
• NEW LAUNDRY ROOM

Property features AI

Exterior

• Parking: Carport (1 space)
• Utilities: Public sewer
• Home design: Single-family residential property
• Construction: Vinyl siding
• Exterior features: Shingle roof; 70' x 258' lot dimensions; Subdivision: Woodland Homes; Zoning: R1

Interior

• Kitchen: Dishwasher
• Bedrooms: 3 main-level bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning
• Interior features: Dishwasher; Laminate flooring; 8 total rooms
• Laundry & utility: Laundry inside

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 $81 ($975/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 $127k (15.1% below list).
• Recommended offer: $127k (15.1% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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); 268 active listings in the ZIP; 7 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 33% 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.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 23% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,365 (15.1% 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: 0.85% ✗
• Cap rate: 6.94%
• Cash-on-cash: 2.32%
• DSCR: 1.10
• GRM: 9.8

CMA / ARV

• ARV (median comp): $151,912
• List price: $150,000
• Delta: -1.26%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
120 Hampton Ave	0.17mi	3/2.0	1,048 (-9%)	2mo	$145,000	$138	75
2118 Mcburney Dr	0.29mi	3/1.0	1,289 (+12%)	3mo	$177,000	$137	60
142 Hampton Ave	0.18mi	2/1.0 (-1)	1,274 (+11%)	6mo	$145,000	$114	59
145 E Duncan Ave	0.54mi	3/1.0	1,211 (+5%)	4mo	$129,000	$107	59
2326 Houston St	0.16mi	3/1.5	1,296 (+12%)	14mo	$187,000	$144	58
2021 Shade Ave	0.40mi	3/1.0	1,084 (-6%)	13mo	$64,820	$60	57
225 Garfield Ave	0.69mi	3/1.0	1,150 (-0%)	11mo	$170,000	$148	54
2254 Shade Ave	0.43mi	3/1.0	1,032 (-10%)	15mo	$150,000	$145	46
125 Foy Ave	0.71mi	3/1.0	1,248 (+8%)	8mo	$185,000	$148	43
1838 Shade Ave	0.59mi	2/1.0 (-1)	1,272 (+10%)	7mo	$127,450	$100	41
124 Foy Ave	0.73mi	2/1.0 (-1)	1,288 (+12%)	4mo	$115,000	$89	34
222 Garfield Ave	0.66mi	2/1.0 (-1)	980 (-15%)	6mo	$105,000	$107	30

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: -9.5%
• Equity multiple: 0.64×
• Total profit: $-14,974
• Equity at exit: $22,365

10-year hold

• IRR: 3.5%
• Equity multiple: 1.28×
• Total profit: $11,846
• 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: 268
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,274 high
• Mortgage (P&I): −$787
• Tax from tax record: −$76 /mo · $909/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $81

Break-even live

Break-even rent $1,171

Max offer price $150,000

Occupancy floor 89%

Sensitivity live

Price	-10% $166	-5% $124	+0% $81	+5% $39	+10% $-4
Rent	-10% $-19	-5% $31	+0% $81	+5% $132	+10% $182
Rate	-1.0pp $157	-0.5pp $119	base $81	+0.5pp $42	+1.0pp $3

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 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2424 Roberts Ln Florence, AL	2.0	2.0	1100	$1,095	$1.00	44d	1	0.43mi
1413 N Pine St Florence, AL	4.0	2.0	1444	$1,695	$1.17	44d	1	0.83mi
1034 N Royal Ave Unit 2 Florence, AL	2.0	1.0	900	$850	$0.94	44d	1	1.20mi
1252 Hermitage Dr Florence, AL	2.0	2.0	1250	$1,170	$0.94	44d	1	1.26mi
939 N Royal Ave Florence, AL	2.0	1.0	900	$850	$0.94	44d	1	1.38mi
3410 Chisholm Rd Florence, AL	2.0	1.0–2.0	1008	$872	$0.87	44d	3	1.43mi
Cypress Dr Florence, AL	2.0	1.0	782	$695	$0.89	44d	1	1.45mi

Listing history 7 events

1. 2026-05-05
   listed $150,000 Active 239-char remark
2. 2025-11-11
   listed $159,900 Active
3. 2025-10-21
   historical
4. 2025-09-09
   price $164,900
5. 2025-08-14
   price $169,900
6. 2025-07-24
   price $172,500
7. 2025-06-21
   listed $174,900 Active

ⓘ 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: $909 · $76/mo
• Projected year-2 tax: $909 · $76/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 · 19 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: $15,284
• − Mortgage interest: −$8,402
• − Property taxes: −$909
• − Insurance: −$750
• − Repairs & maintenance: −$1,223
• − Management: −$1,223
• − Depreciation: −$4,364
• Taxable loss: −$1,587
• Est. tax savings @ 24.0%: +$381
• After-tax cash flow: $1,356/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

-14.2% since first listed

8 events — show timeline

• 2026-05-19 Pending — SAARMLS
• 2026-05-05 Listed $150,000 SAARMLS
• 2025-11-11 Listed $159,900 SAARMLS
• 2025-10-21 Delisted — SAARMLS
• 2025-09-09 Price Changed $164,900 SAARMLS
• 2025-08-14 Price Changed $169,900 SAARMLS
• 2025-07-24 Price Changed $172,500 SAARMLS
• 2025-06-21 Listed $174,900 SAARMLS

Property tax history

+5.6%/yr

Latest (2025): $909 · +6.9% YoY. Source: county tax records.