Pinewood Trace’s Ironwood model offers 1031 exchange investors a newly built (2025) single-family rental at 5939 Spencer Terrace in Hueytown, Alabama, in the Birmingham metro, a market known for affordable entry prices and steady rental demand. The 1,304-square-foot home has 3 bedrooms and 2 baths, an open living, kitchen, and dining layout, a primary suite with walk-in closet, a dedicated laundry room, a covered entry patio, and an attached two-car garage. Priced at $265,000 ($203 per square foot), the home is projected to rent for $1,775 per month and produce a 6.5% Year 1 cap rate. New construction means lower expected maintenance and capital costs in the early years of ownership. With 75% financing on a 30-year loan, the projected total cash requirement is $73,538, which makes the Ironwood a flexible way to place a smaller amount of exchange equity or to spread a larger exchange across several homes in the community. As an added incentive, the seller will contribute 2 points toward an interest rate buydown when the buyer uses the preferred lender, which lowers the monthly payment and improves cash flow from day one. All projections are estimates and should be independently verified.