product

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603 NW Cove Water Ln, Madison, AL 35757 — $310,000 · 4bd · ~0.8% rule | OnePercent

603 NW Cove Water Ln, Madison, AL 35757

$310,000

Home·Madison 35757·603 NW Cove Water Ln, Madison, AL 35757

Confirmed 1 day ago

603 NW Cove Water Ln, Madison, AL 35757

4 bd · 2.5 ba · 2,197 sqft · built 2014 · Madison · SINGLE_FAMILY·source listing ↗

$310,000

rent, three ways

OnePercent model (vv1)$2,361/mo

p10–p90 confidence band

HUD Fair Market Rent · 35757 · 4BR$2,770/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Madison

Flood risk indexRelatively Moderate FEMA NRI

Median household income$106,175

Median area rent$1,493/mo

Median home value$337,000

the verdict

0.76%vs 1.0% target

financing: 20% down · — (FRED, live) · 30yr

$310,000

0.76% · rent $2,361

Intrinsic value · income approach

$390,726

21% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.