505 Ledesma Ln · Moores Mill, AL 35811

$256,900

3 bd · 2.0 ba · 1,420 sqft · SingleFamily · 2 Days on market

Built 2026 $181/sqft · 8% below area Est $284k · 9% under $33/mo HOA · 2% of rent

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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).

• ARV discount +11.8/15.0
• Cash flow +7.6/30.0
• Rent growth +4.2/5.0
• Schools +3.7/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +1.7/10.0
• Appreciation +1.4/10.0

Listing remarks

Under Construction-Welcome Home! The gorgeous Fenway floorplan is full of curb appeal with its welcoming covered front porch and front yard landscaping. This home features an open floor plan with 3 bedrooms, 2 bathrooms, and an expansive family room. Also enjoy a cozy breakfast/dining area, and a beautiful kitchen fully equipped with energy-efficient appliances, generous counter space, and roomy pantry for snacking and delicious family meals. GREAT back porch for entertaining and relaxing.

Key facts

• Covered front porch
• Open floor plan
• Fenway floorplan

Tags

• FENWAY FLOORPLAN
• COVERED FRONT PORCH
• FRONT YARD LANDSCAPING
• OPEN FLOOR PLAN
• EXPANSIVE FAMILY ROOM
• COZY BREAKFAST DINING AREA

Property features AI

Finance

• Other: Directions: Head east on I-565/US-72 E to Moores Mill Rd NE exit, left on Moores Mill Rd. Follow Moores Mill Rd about 3 miles; community will be on the left (use 6804 Moores Mill Rd for GPS).
• Financial info: Not specified
• HOA & community: HOA with an annual fee of $400; Subdivision: Southern Trail

Exterior

• Parking: Two-car garage
• Security: Not specified
• Utilities: Public water; Private sewer; Electric service
• Home design: Single-family residence; One story; Slab foundation
• Construction: Built in 2026
• Exterior features: Public water; Private sewer; New construction (2026)

Interior

• Kitchen: Not specified
• Bedrooms: Not specified
• Flooring: Not specified
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central electric cooling
• Interior features: 7 total rooms
• Laundry & utility: Not specified

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $257k.

Deal economics

• At list price, monthly cash flow is $-314 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $211k (17.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $189k (26.4% below list).
• Recommended offer: $189k (26.4% below list) — sets the bar for 1% rule.
• Cap rate 4.8% vs local median 3.8% in Moores Mill — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 66/100 on livability (#109 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F, health & safety F.
• Madison County (rural): math 27% / reading 56% proficiency, ranked #19 of 129 in AL (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Mt Carmel Elementary School (math 37% / reading 72%, grade C, #87 of 627 statewide, top 15%, 646 students, 34% FRL); Buckhorn Middle School (math 19% / reading 59%, grade F, #64 of 257 statewide, top 25%, 688 students, 38% FRL); Buckhorn High School (math 31% / reading 33%, grade F, #59 of 305 statewide, top 21%, 1,287 students, 34% FRL).
• Market conditions: Rents rising fast (+6.8%/yr); 570 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,176 (26.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. 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: 0.74% ✗
• Cap rate: 4.83%
• Cash-on-cash: -5.24%
• DSCR: 0.77
• GRM: 11.3

CMA / ARV

• ARV (median comp): $283,700
• List price: $256,900
• Delta: -9.45%
• 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
114 Starling Mill Trl	0.04mi	3/2.0	1,355 (-5%)	1mo	$245,390	$181	90
249 Catalyst St	0.20mi	3/2.0	1,556 (+10%)	1mo	$286,500	$184	74
243 Stone Hill Dr	0.66mi	3/2.0	1,414 (-0%)	1mo	$265,000	$187	67
377 Robinson Rd	0.41mi	3/2.0	1,525 (+7%)	10mo	$266,000	$174	60
135 Oakcrest Rd	0.50mi	3/2.0	1,551 (+9%)	4mo	$167,000	$108	58
3102 Ray Blair Pl	0.49mi	3/2.0	1,520 (+7%)	12mo	$286,000	$188	56
154 Stone Hill Dr	0.66mi	3/2.5	1,504 (+6%)	6mo	$249,900	$166	52
140 Oakcrest Rd	0.51mi	3/2.0	1,290 (-9%)	11mo	$229,900	$178	52
155 Oakcrest Rd	0.45mi	3/2.0	1,563 (+10%)	13mo	$246,000	$157	51
100 Poplar Branch Ln	0.51mi	3/2.0	1,554 (+9%)	11mo	$265,100	$171	51
242 Stone Hill Dr	0.62mi	3/2.0	1,282 (-10%)	8mo	$245,000	$191	48
110 Laurel Oak Rd	0.58mi	3/2.0	1,241 (-13%)	12mo	$237,000	$191	42

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 · 6.81% rent growth · sell at horizon

5-year hold

• IRR: -21.0%
• Equity multiple: 0.25×
• Total profit: $-54,042
• Equity at exit: $38,305

10-year hold

• IRR: -7.4%
• Equity multiple: 0.46×
• Total profit: $-39,182
• Equity at exit: $22,212

Cash invested: $71,932 (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 35811

• Home prices YoY: -2.1%
• Rents YoY: 6.8%
• Active inventory: 570
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,892 high
• Mortgage (P&I): −$1,347
• Tax est. 1.5%: −$321 /mo · $3,854/yr
• Insurance: −$107
• HOA: −$33
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $-314

Break-even live

Break-even rent $2,289

Max offer price $211,480

Occupancy floor —

Sensitivity live

Price	-10% $-136	-5% $-225	+0% $-314	+5% $-403	+10% $-491
Rent	-10% $-463	-5% $-389	+0% $-314	+5% $-239	+10% $-164
Rate	-1.0pp $-185	-0.5pp $-249	base $-314	+0.5pp $-380	+1.0pp $-448

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: $64,225
• Closing costs: $7,707
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
149 Wolfe Ln Huntsville, AL	3.0	3.0	1442	$2,000	$1.39	15d	1	0.82mi
147 Wolfe Ln Huntsville, AL	3.0	3.0	1442	$2,100	$1.46	15d	1	0.82mi
153 LILLIAN FARMS Blvd Huntsville, AL	3.0	2.0	1703	$1,900	$1.12	25d	1	0.91mi
150 LILLIAN FARMS Blvd Huntsville, AL	3.0	2.0	1703	$1,900	$1.12	25d	1	0.91mi
229 Paca Ln Huntsville, AL	3.0	2.0	1850	$1,950	$1.05	45d	1	0.91mi
100 Marcus Byers Dr NE Huntsville, AL	1.0–2.0	1.0–2.0	970	$1,405	$1.45	15d	48	1.05mi
119 Wind Rush Rd Huntsville, AL	3.0	2.0	1690	$1,875	$1.11	45d	1	1.08mi
6111 Homestead Rd Huntsville, AL	4.0	2.0	1640	$2,500	$1.52	45d	1	1.22mi
128 Somerset Park Dr Huntsville, AL	3.0	2.0	1570	$1,750	$1.11	25d	1	1.31mi

HOA detail

• Monthly dues: $33 · $396/yr
• Likely covers: landscaping

Listing history 1 events

1. 2026-05-03
   listed $256,900 Active 404-char remark

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,701
• − Mortgage interest: −$14,390
• − Property taxes: −$3,854
• − Insurance: −$1,284
• − Repairs & maintenance: −$1,816
• − Management: −$1,816
• − HOA: −$396
• − Depreciation: −$7,473
• Taxable loss: −$8,329
• Est. tax savings @ 24.0%: +$1,999
• After-tax cash flow: $-1,768/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: Madison County
• NCES district ID: 0102220
• Math proficiency: 27% ▼ -32.00%
• Reading proficiency: 56% ▼ -1.00%
• Median HH income: $66,058
• Composite: 37.15/100
• National rank: #4483
• State rank: #19 of 129 in AL

Livability — Moores Mill

• Score: 66/100
• State rank: #109
• US rank: #11986

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Moores Mill, AL
• County: Madison County · 380,832 people
• Metro: Huntsville, AL
• Population (ZIP): 31,008
• Household income: $90,812
• Rent vs Own: 22.4% rent · 77.6% own
• Severe rent burden: 517.0

Population outlook (Madison County) Hauer SSP2

• Today (2025): 392,086 people
• By 2030: 409,788 · +4.5%
• By 2040: 440,557 · +12.4%
• By 2050: 460,990 · +17.6%
• By 2075: 502,872 · +28.3%
• By 2100: 513,623 · +31.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 27% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Slovak 2% Italian 2% Serbian 2%
• Foreign-born: 4% · Canada, Vietnam, China
• Languages at home: 95% English-only · Spanish 3% Vietnamese 1%

Political lean MEDSL · Madison

• 2024 margin: Lean R (+9.0) · D 44.7% · R 53.7% · Other 1.6%
• 2008→2024 swing: +6.0pp toward D · 2008: -14.9pp · 2024: -9.0pp
• All cycles: 2024: R+9.0 2020: R+8.0 2016: R+16.8 2012: R+18.7 2008: R+14.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -7.13%
• Current HPI: 332.9423
• Rent YoY: ▲ 6.81%
• Metro: Huntsville, 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

2 events — show timeline

• 2026-05-22 Pending — VMLS
• 2026-05-20 Listed $256,900 VMLS