1039 Stones Throw Dr NW #5 · Huntsville, AL 35806

$189,900

2 bd · 2.0 ba · 1,428 sqft · Condo · 112 Days on market

Built 1986 $133/sqft · 13% below area Est $217k · 13% under $229/mo HOA · 16% of rent ↓ 9% 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).

• ARV discount +13.2/15.0
• Appreciation +10.0/10.0
• Cash flow +5.0/30.0
• Livability +4.1/5.0
• Rent growth +3.1/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Welcome to 1039 Stones Throw Condo. Conveniently located to all that Mid City has to offer, Research Park and Bridge Street. Updated 2 Bedroom end Unit is waiting for you. Fresh paint, laminate flooring, Updated cabinets and counter tops. Master located on the main floor. Relax on your deck or around the community pool. Google Fiber is available.

Key facts

• Updated cabinets
• Community pool
• End unit

Tags

• END UNIT
• UPDATED CABINETS
• COMMUNITY POOL
• GOOGLE FIBER AVAILABLE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $190k.

Deal economics

• At list price, monthly cash flow is $-445 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $126k (33.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $139k (26.9% below list).
• Recommended offer: $126k (33.9% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 82/100 on livability (#3 in AL, #1,082 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F.
• Huntsville City (urban): math 21% / reading 46% proficiency, ranked #48 of 129 in AL (top 37%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Providence Elementary (math 14% / reading 42%, grade F, #385 of 627 statewide, top 62%, 848 students, 52% FRL); Williams Middle School (math 16% / reading 50%, grade F, #101 of 257 statewide, top 40%, 548 students, 58% FRL); Columbia High School (math 12% / reading 17%, grade F, #220 of 305 statewide, top 77%, 954 students, 50% FRL).
• Market conditions: Rents rising (+2.6%/yr); 216 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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

• In year one you build about $20k of equity ($1k loan paydown + $19k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($173k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $125,567 (33.9% 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. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.73% ✗
• Cap rate: 3.48%
• Cash-on-cash: -10.03%
• DSCR: 0.55
• GRM: 11.4

CMA / ARV

• ARV (median comp): $217,309
• List price: $189,900
• Delta: -12.61%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 2.57% rent growth · sell at horizon

5-year hold

• IRR: 17.1%
• Equity multiple: 2.40×
• Total profit: $74,672
• Equity at exit: $171,077

10-year hold

• IRR: 16.2%
• Equity multiple: 5.54×
• Total profit: $241,293
• Equity at exit: $368,934

Cash invested: $53,172 (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 35806

• Home prices YoY: 20.0%
• Rents YoY: 2.6%
• Active inventory: 216
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $1,388 high
• Mortgage (P&I): −$996
• Tax est. 1.5%: −$237 /mo · $2,848/yr
• Insurance: −$79
• HOA: −$229
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $-445

Break-even live

Break-even rent $1,951

Max offer price $125,567

Occupancy floor —

Sensitivity live

Price	-10% $-313	-5% $-379	+0% $-445	+5% $-510	+10% $-576
Rent	-10% $-554	-5% $-499	+0% $-445	+5% $-390	+10% $-335
Rate	-1.0pp $-349	-0.5pp $-396	base $-445	+0.5pp $-494	+1.0pp $-544

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1085 Stones Throw Dr NW Unit 1 Huntsville, AL	2.0	2.0	1400	$1,225	$0.88	45d	1	0.07mi
1002 Stones Throw Dr NW Unit 1 Huntsville, AL	1.0	1.0	976	$1,150	$1.18	45d	1	0.11mi
1155 Old Monrovia Rd NW Unit I Huntsville, AL	2.0	2.0	1075	$1,295	$1.20	15d	1	0.18mi
1060 Sandy Springs Rd NW Huntsville, AL	3.0	2.0	1297	$1,700	$1.31	25d	1	0.18mi
100 Chawston Ave NW Huntsville, AL	1.0–3.0	1.0–2.5	1133	$1,757	$1.55	15d	31	0.20mi
1155 Old Monrovia Rd NW Huntsville, AL	2.0	2.0	1050	$1,246	$1.19	23d	1	0.20mi
1155 Old Monrovia Rd NW Huntsville, AL	1.0–2.0	1.0–2.0	950	$1,300	$1.37	15d	3	0.20mi
925 Makers Way NW Huntsville, AL	3.0	1.0–2.0	1072	$1,967	$1.83	25d	52	0.41mi
1100 Enterprise Way Huntsville, AL	1.0–3.0	1.0–2.0	1059	$1,599	$1.51	15d	35	0.43mi
5810 Stax St NW Huntsville, AL	3.0	1.0–2.0	1188	$2,175	$1.83	15d	237	0.45mi
6644 Willow Pointe Dr NW Unit A Huntsville, AL	2.0	2.0	1044	$1,025	$0.98	15d	1	0.45mi
6170 Kitt Ln NW Huntsville, AL	1.0–3.0	1.0–2.0	1031	$1,360	$1.32	15d	31	0.49mi
1325 Old Monrovia Rd NW Huntsville, AL	1.0–4.0	1.0–2.0	1262	$1,506	$1.19	15d	23	0.58mi
5801 Sanderson St NW Huntsville, AL	1.0–3.0	1.0–2.0	1088	$1,564	$1.44	15d	14	0.62mi
1908 Catchings Dr NW Huntsville, AL	3.0	2.0	1196	$1,295	$1.08	15d	1	0.62mi
6200 Rime Village Dr NW Huntsville, AL	3.0	1.0–2.0	1015	$1,364	$1.34	15d	45	0.71mi
1001 Cernan Dr NW Huntsville, AL	1.0–3.0	1.0–2.5	1011	$1,752	$1.73	15d	19	0.84mi
930 Blue Mound Ln NW Huntsville, AL	1.0–2.0	1.0–2.0	967	$1,640	$1.70	15d	19	0.84mi
4931 Cotton Row NW Unit C Huntsville, AL	2.0	1.5	995	$950	$0.95	45d	1	0.88mi
650 Wynn Dr NW Huntsville, AL	1.0–2.0	1.0–2.0	820	$1,109	$1.35	15d	2	0.93mi
335 Culbertson Dr Huntsville, AL	1.0–3.0	1.0–3.0	1008	$1,942	$1.93	15d	1	0.94mi
5001 Galaxy Way NW Huntsville, AL	1.0–2.0	1.0–2.0	796	$1,099	$1.38	25d	6	0.97mi
5001 7 Pine Cir Unit 1 Huntsville, AL	2.0	2.0	1060	$1,400	$1.32	45d	1	1.04mi
1505 Sparkman Dr NW Huntsville, AL	2.0–3.0	1.5–2.0	1150	$1,069	$0.93	23d	4	1.05mi
1535 Sparkman Dr NW Huntsville, AL	2.0	1.0–1.5	940	$1,169	$1.24	45d	1	1.14mi
1725 Millican Pl NW Huntsville, AL	3.0	2.0	1200	$1,295	$1.08	45d	1	1.14mi
1601 Sparkman Dr NW Unit 108 Huntsville, AL	2.0	2.0	1072	$950	$0.89	45d	1	1.16mi
1589 Old Monrovia Rd NW Huntsville, AL	2.0–3.0	2.5–3.5	1657	$1,899	$1.15	15d	17	1.21mi
1501 Old Monrovia Rd NW Huntsville, AL	1.0–3.0	1.0–2.0	948	$1,392	$1.47	15d	20	1.23mi
1503 Halston Cir NW Unit D Huntsville, AL	2.0	2.0	1030	$850	$0.83	45d	1	1.23mi
1510 Halston Cir NW Unit A Huntsville, AL	2.0	2.0	1000	$850	$0.85	45d	1	1.27mi
4810 Bradford Dr NW Huntsville, AL	2.0	1.0–2.0	898	$2,204	$2.45	15d	16	1.28mi
100 Rockcrest Dr NW Huntsville, AL	1.0–2.0	1.0–2.0	1000	$1,747	$1.75	15d	12	1.28mi
1500 Sparkman Dr NW Huntsville, AL	1.0–2.0	1.0	725	$970	$1.34	45d	12	1.35mi
1801 Carson Ln NW Huntsville, AL	3.0	3.0	1405	$2,000	$1.42	15d	1	1.36mi
6500 Walden Run Huntsville, AL	1.0–3.0	1.0–2.0	1060	$1,385	$1.31	15d	104	1.37mi
511 Delaney Rd NW Huntsville, AL	3.0	2.0	1550	$1,550	$1.00	45d	1	1.39mi
4515 Bonnell Dr NW Huntsville, AL	1.0–2.0	1.0–2.0	800	$1,099	$1.37	15d	8	1.44mi
1504 Ascent Trl NW Unit b Huntsville, AL	2.0	2.0	900	$895	$0.99	25d	1	1.47mi
4706 Whitehall Dr NW Huntsville, AL	3.0	2.0	1469	$1,550	$1.06	23d	1	1.47mi

HOA detail condo

• Monthly dues: $229 · $2,748/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-22
   days on market $189,900 Active 112 DOM
2. 2026-06-18
   days on market $189,900 Active 109 DOM
3. 2026-06-17
   days on market $189,900 Active 108 DOM
4. 2026-06-16
   days on market $189,900 Active 107 DOM
5. 2026-06-15
   days on market $189,900 Active 106 DOM
6. 2026-06-14
   pricedays on market $189,900 Active 104 DOM
7. 2026-06-10
   days on market $200,000 Active 101 DOM
8. 2026-06-09
   days on market $200,000 Active 100 DOM
9. 2026-06-08
   days on market $200,000 Active 99 DOM
10. 2026-06-07
    days on market $200,000 Active 98 DOM
11. 2026-06-03
    days on market $200,000 Active 94 DOM
12. 2026-06-02
    days on market $200,000 Active 93 DOM
13. 2026-06-01
    days on market $200,000 Active 92 DOM
14. 2026-05-31
    days on market $200,000 Active 91 DOM
15. 2026-05-30
    days on market $200,000 Active 90 DOM
16. 2026-04-15
    price $200,000 348-char remark

    Show marketing remark (348 chars)

    Welcome to 1039 Stones Throw Condo. Conveniently located to all that Mid City has to offer, Research Park and Bridge Street. Updated 2 Bedroom end Unit is waiting for you. Fresh paint, laminate flooring, Updated cabinets and counter tops. Master located on the main floor. Relax on your deck or around the community pool. Google Fiber is available.

17. 2026-03-31
    price $214,900 348-char remark

    Show marketing remark (348 chars)

    Welcome to 1039 Stones Throw Condo. Conveniently located to all that Mid City has to offer, Research Park and Bridge Street. Updated 2 Bedroom end Unit is waiting for you. Fresh paint, laminate flooring, Updated cabinets and counter tops. Master located on the main floor. Relax on your deck or around the community pool. Google Fiber is available.

18. 2026-03-01
    listed $219,900 Active 348-char remark

    Show marketing remark (348 chars)

    Welcome to 1039 Stones Throw Condo. Conveniently located to all that Mid City has to offer, Research Park and Bridge Street. Updated 2 Bedroom end Unit is waiting for you. Fresh paint, laminate flooring, Updated cabinets and counter tops. Master located on the main floor. Relax on your deck or around the community pool. Google Fiber is available.

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,660
• − Mortgage interest: −$10,637
• − Property taxes: −$2,848
• − Insurance: −$950
• − Repairs & maintenance: −$1,333
• − Management: −$1,333
• − HOA: −$2,748
• − Depreciation: −$5,524
• Taxable loss: −$8,714
• Est. tax savings @ 24.0%: +$2,091
• After-tax cash flow: $-3,244/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: Huntsville City
• NCES district ID: 0101800
• Math proficiency: 21% ▼ -23.00%
• Reading proficiency: 46% ▬ 0.00%
• Median HH income: $48,264
• Composite: 28.84/100
• National rank: #6647
• State rank: #48 of 129 in AL

Livability — Huntsville

• Score: 82/100
• State rank: #3
• US rank: #1082

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Huntsville, AL
• County: Madison County · 380,832 people
• City population: 220,435
• Metro: Huntsville, AL
• Population (ZIP): 29,161
• Household income: $86,768
• Rent vs Own: 54.2% rent · 45.8% own
• Severe rent burden: 1249.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 58% Black 30% Hispanic / Latino 5% Two or more races 5% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Slovak 2% Italian 2% Serbian 2%
• Foreign-born: 7% · Canada, Vietnam, China
• Languages at home: 93% English-only · Spanish 2% Other Indo-European 1% Other Asian/Pacific 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: ▲ 71.67%
• Current HPI: 430.5866
• Rent YoY: ▲ 2.57%
• 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

-9.0% since first listed

3 events — show timeline

• 2026-04-15 Price Changed $200,000 VMLS
• 2026-03-31 Price Changed $214,900 VMLS
• 2026-03-01 Listed $219,900 VMLS