113 Montana Trl · New Market, AL 35761

$125,000

2 bd · 2.0 ba · 960 sqft · Manufactured · 41 Days on market

Built 2023 0.39 ac lot ↓ 17% since listing

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Why this score? — see what drove the C 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 +24.8/30.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Schools +3.7/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED SELLER Welcome to this 2023 2-bedroom, 2-bath manufactured home situated on a beautiful, flat lot! This home features a split-bedroom floor plan. Inside, you’ll find durable vinyl flooring throughout, making maintenance easy and giving the home a clean, modern feel. The open layout provides comfortable living space. All appliances remain, making this home truly move-in ready. Outside, enjoy the spacious, level lot with plenty of room for outdoor activities. A detached garage provides extra storage or workshop space. Conveniently located just 25 minutes from downtown Huntsville, you’ll have quick access to shopping, dining, and major highways.

Key facts

• Spacious level lot
• Open layout
• Detached garage

Tags

• SPLIT-BEDROOM FLOOR PLAN
• DURABLE VINYL FLOORING
• OPEN LAYOUT
• SPACIOUS LEVEL LOT
• DETACHED GARAGE
• QUICK ACCESS TO SHOPPING

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $264 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 4.1% in New Market — 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 60/100 on livability (#304 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing B; Watch: schools D+, amenities F, commute 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.
• Market conditions: 391 active listings in the ZIP; 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 $864 of loan paydown is wiped out by about $4k 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

• It's been on market 41 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 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

• 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 $121,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.14% ✓
• Cap rate: 8.82%
• Cash-on-cash: 9.04%
• DSCR: 1.40
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -2.6%
• Equity multiple: 0.90×
• Total profit: $-3,443
• Equity at exit: $18,638

10-year hold

• IRR: 7.1%
• Equity multiple: 1.53×
• Total profit: $18,709
• Equity at exit: $10,808

Cash invested: $35,000 (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 35761

• Home prices YoY: -9.3%
• Active inventory: 391
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,427 medium
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $264

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 77%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-06
   historical Contingent 673-char remark

   Show marketing remark (673 chars)

   MOTIVATED SELLER Welcome to this 2023 2-bedroom, 2-bath manufactured home situated on a beautiful, flat lot! This home features a split-bedroom floor plan. Inside, you’ll find durable vinyl flooring throughout, making maintenance easy and giving the home a clean, modern feel. The open layout provides comfortable living space. All appliances remain, making this home truly move-in ready. Outside, enjoy the spacious, level lot with plenty of room for outdoor activities. A detached garage provides extra storage or workshop space. Conveniently located just 25 minutes from downtown Huntsville, you’ll have quick access to shopping, dining, and major highways.

2. 2026-04-16
   listed $125,000 Active 673-char remark

   Show marketing remark (673 chars)

   MOTIVATED SELLER Welcome to this 2023 2-bedroom, 2-bath manufactured home situated on a beautiful, flat lot! This home features a split-bedroom floor plan. Inside, you’ll find durable vinyl flooring throughout, making maintenance easy and giving the home a clean, modern feel. The open layout provides comfortable living space. All appliances remain, making this home truly move-in ready. Outside, enjoy the spacious, level lot with plenty of room for outdoor activities. A detached garage provides extra storage or workshop space. Conveniently located just 25 minutes from downtown Huntsville, you’ll have quick access to shopping, dining, and major highways.

3. 2026-01-01
   historical 696-char remark

   Show marketing remark (696 chars)

   Newer 2 Bed, 2 Bath Home on Large Lot – Buckhorn Schools Built in 2023, this well-maintained 2 bedroom, 2 bathroom manufactured home offers 840 sq ft of functional living space on a generous 0.39-acre lot. The home features an open floor plan with a modern kitchen equipped with stainless steel appliances, perfect for everyday convenience. The split-bedroom design provides privacy, and both bathrooms are full-sized with contemporary finishes. Enjoy the peace of rural living while still being close to schools, shopping, and major routes. Located in the desirable Buckhorn School District, this home is a great option for those looking to downsize, purchase their first home, or invest.

4. 2026-01-01
   historical

   Show marketing remark (696 chars)

   Newer 2 Bed, 2 Bath Home on Large Lot – Buckhorn Schools Built in 2023, this well-maintained 2 bedroom, 2 bathroom manufactured home offers 840 sq ft of functional living space on a generous 0.39-acre lot. The home features an open floor plan with a modern kitchen equipped with stainless steel appliances, perfect for everyday convenience. The split-bedroom design provides privacy, and both bathrooms are full-sized with contemporary finishes. Enjoy the peace of rural living while still being close to schools, shopping, and major routes. Located in the desirable Buckhorn School District, this home is a great option for those looking to downsize, purchase their first home, or invest.

5. 2025-09-15
   price $125,000
6. 2025-09-03
   price $130,000
7. 2025-06-12
   listed $150,000 Active

   Show marketing remark (696 chars)

   Newer 2 Bed, 2 Bath Home on Large Lot – Buckhorn Schools Built in 2023, this well-maintained 2 bedroom, 2 bathroom manufactured home offers 840 sq ft of functional living space on a generous 0.39-acre lot. The home features an open floor plan with a modern kitchen equipped with stainless steel appliances, perfect for everyday convenience. The split-bedroom design provides privacy, and both bathrooms are full-sized with contemporary finishes. Enjoy the peace of rural living while still being close to schools, shopping, and major routes. Located in the desirable Buckhorn School District, this home is a great option for those looking to downsize, purchase their first home, or invest.

8. 2025-06-12
   listed $150,000 Active 696-char remark

   Show marketing remark (696 chars)

   Newer 2 Bed, 2 Bath Home on Large Lot – Buckhorn Schools Built in 2023, this well-maintained 2 bedroom, 2 bathroom manufactured home offers 840 sq ft of functional living space on a generous 0.39-acre lot. The home features an open floor plan with a modern kitchen equipped with stainless steel appliances, perfect for everyday convenience. The split-bedroom design provides privacy, and both bathrooms are full-sized with contemporary finishes. Enjoy the peace of rural living while still being close to schools, shopping, and major routes. Located in the desirable Buckhorn School District, this home is a great option for those looking to downsize, purchase their first home, or invest.

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,126
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$1,370
• − Management: −$1,370
• − Depreciation: −$3,636
• Taxable income: $1,248
• Est. tax owed @ 24.0%: −$299
• After-tax cash flow: $2,864/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 — New Market

• Score: 60/100
• State rank: #304
• US rank: #19258

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Madison County · 380,832 people
• City population: 13,557
• Metro: Huntsville, AL
• Population (ZIP): 13,557
• Household income: $79,440
• Rent vs Own: 17.5% rent · 82.5% own
• Severe rent burden: 220.0

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: Predominantly White (76%)
• Race & ethnicity: White 76% Black 15% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Italian 3% Serbian 2% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 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: ▼ -26.88%
• Current HPI: 261.8281
• Rent YoY: —
• 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

-16.7% since first listed

8 events — show timeline

• 2026-05-06 Contingent — Greater Alabama MLS
• 2026-04-16 Listed $125,000 Greater Alabama MLS
• 2026-01-01 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2026-01-01 Delisted — VMLS
• 2025-09-15 Price Changed $125,000 VMLS
• 2025-09-03 Price Changed $130,000 VMLS
• 2025-06-12 Listed $150,000 VMLS
• 2025-06-12 Listed $150,000 REALTRACS as Distributed by MLS Grid

Property tax history

+0.2%/yr

Latest (2024): $35 · +0.0% YoY. Source: county tax records.