124 Imogene Way · Huntsville, AL 35758

$320,000

3 bd · 1.0 ba · 1,651 sqft · SingleFamily public records · 98 Days on market

Built 2004 7,840 sqft lot $194/sqft · 5% below area Est $330k · at est. $12/mo HOA · 1% of rent ↓ 3% 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).

• Appreciation +10.0/10.0
• ARV discount +8.8/15.0
• Cash flow +6.6/30.0
• Livability +4.1/5.0
• Rent growth +2.9/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• DSCR +0.8/10.0
• 1% rule +0.5/10.0

Listing remarks MLS

NEW FLOORING! Charming one-story home in Madison featuring a comfortable and inviting layout. The kitchen and dining area showcase new flooring, adding a fresh update to these functional spaces. This home offers a warm and welcoming feel with well-defined living areas and plenty of charm throughout. Several key systems have been updated for added peace of mind, including a water heater approximately 4 years old, HVAC around 5 years old, and a roof approximately 10 years old. Step outside to enjoy the fenced-in backyard, perfect for pets, outdoor gatherings, or relaxing evenings. This home offers a great opportunity for comfortable living in a desirable area!

Key facts

• New flooring
• Updated key systems
• Fenced-in backyard

Tags

• NEW FLOORING
• FENCED-IN BACKYARD
• UPDATED KEY SYSTEMS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $320k.

Deal economics

• At list price, monthly cash flow is $-530 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $226k (29.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (44.5% below list).
• Recommended offer: $178k (44.5% below list) — sets the bar for 1% rule.

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.
• Market conditions: Rents rising (+1.6%/yr); 382 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $34k of equity ($2k loan paydown + $32k 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 ~$55k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 98 days — a 9% lower offer ($291k) 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 $177,522 (44.5% 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 98 days. Have you received any prior offers? Is the seller open to a 45% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.55% ✗
• Cap rate: 4.31%
• Cash-on-cash: -7.10%
• DSCR: 0.68
• GRM: 15.0

CMA / ARV

• ARV (median comp): $329,649
• List price: $320,000
• Delta: -2.93%
• 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 Artesian Ln NW	0.16mi	3/2.0	1,650 (-0%)	6mo	$312,000	$189	84
120 NW Imogene Way	0.02mi	3/2.0	1,582 (-4%)	9mo	$316,500	$200	80
101 Imogene Way	0.12mi	3/2.0	1,704 (+3%)	7mo	$355,000	$208	79
112 Wittington Ln	0.12mi	3/2.0	1,682 (+2%)	11mo	$313,000	$186	78
302 Sweetwood Ln	0.37mi	3/2.5	1,694 (+3%)	6mo	$260,000	$153	67
300 Sweetwood Ln	0.38mi	3/2.5	1,702 (+3%)	8mo	$257,000	$151	64
212 Postwood Ct	0.66mi	3/2.5	1,667 (+1%)	7mo	$289,900	$174	56
209 River Oaks Dr	0.68mi	3/2.5	1,583 (-4%)	2mo	$325,000	$205	54
101 Maple Valley Dr	0.75mi	3/2.0	1,534 (-7%)	4mo	$245,000	$160	46
226 River Oaks Dr	0.58mi	3/2.0	1,499 (-9%)	10mo	$294,900	$197	45
201 Sandy Wood Ct	0.66mi	3/2.0	1,450 (-12%)	1mo	$292,500	$202	44
6418 Midtowne Ln	0.75mi	3/3.0	1,558 (-6%)	11mo	$365,000	$234	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 1.58% rent growth · sell at horizon

5-year hold

• IRR: 18.9%
• Equity multiple: 2.54×
• Total profit: $137,873
• Equity at exit: $288,281

10-year hold

• IRR: 17.3%
• Equity multiple: 5.77×
• Total profit: $427,489
• Equity at exit: $621,690

Cash invested: $89,600 (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 35758

• Home prices YoY: 4.2%
• Rents YoY: 1.6%
• Active inventory: 382
• Price-to-rent: 15.0×

Monthly cashflow live

• Estimated rent: $1,775 high
• Mortgage (P&I): −$1,678
• Tax from tax record: −$109 /mo · $1,309/yr
• Insurance: −$133
• HOA: −$12
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $-530

Break-even live

Break-even rent $2,446

Max offer price $226,358

Occupancy floor —

Sensitivity live

Price	-10% $-349	-5% $-440	+0% $-530	+5% $-621	+10% $-711
Rent	-10% $-670	-5% $-600	+0% $-530	+5% $-460	+10% $-390
Rate	-1.0pp $-369	-0.5pp $-449	base $-530	+0.5pp $-613	+1.0pp $-697

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: $80,000
• Closing costs: $9,600
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
126 Imogene Way Madison, AL	4.0	2.0	1858	$1,850	$1.00	45d	1	0.04mi
102 Wittington Ln Madison, AL	3.0	2.0	1635	$1,750	$1.07	45d	1	0.10mi
117 Millside Ln Madison, AL	3.0	2.0	1624	$1,750	$1.08	45d	1	0.12mi
139 Potters Wheel Madison, AL	3.0	2.0	1624	$1,675	$1.03	45d	1	0.19mi
278 Postwood Ct Madison, AL	3.0	2.5	1403	$1,650	$1.18	15d	1	0.47mi
247 Postwood Ct Madison, AL	3.0	2.5	1787	$1,675	$0.94	15d	1	0.50mi
1763 Slaughter Rd NW Madison, AL	1.0–3.0	1.0–3.0	1078	$1,859	$1.72	15d	36	0.51mi
236 River Oaks Dr Madison, AL	3.0	2.0	1240	$1,600	$1.29	45d	1	0.55mi
6941 Hwy 72 W Huntsville, AL	1.0–3.0	1.0–2.0	1113	$1,531	$1.38	15d	21	0.69mi
107 Highwood Ct Madison, AL	4.0	2.5	1579	$1,595	$1.01	24d	1	0.81mi
1111 Pegasus Dr NW Huntsville, AL	4.0	4.5	1886	$2,800	$1.48	24d	1	0.97mi
1450 Paramount Dr Huntsville, AL	1.0–3.0	1.0–2.0	997	$1,310	$1.31	15d	16	1.00mi
100 River Oaks Dr Madison, AL	3.0	2.0	1126	$1,600	$1.42	24d	1	1.02mi
30 Gates Mill St Huntsville, AL	1.0–2.0	1.0–2.0	1002	$1,683	$1.68	15d	39	1.09mi
196 Jeff Rd NW Huntsville, AL	1.0–3.0	1.0–3.5	1200	$1,729	$1.44	15d	21	1.16mi
30 Pine St NW Huntsville, AL	3.0	2.5	1412	$2,595	$1.84	24d	1	1.18mi
21 Stone Mason Way NW Huntsville, AL	4.0	3.5	1778	$2,700	$1.52	45d	1	1.19mi
20 Town Center Dr NW Huntsville, AL	1.0–3.0	1.0–2.0	1089	$2,750	$2.53	15d	113	1.25mi
445 Providence Main St NW #310 Huntsville, AL	2.0	2.0	1494	$1,900	$1.27	45d	1	1.35mi
403 Barrington Hills Dr Madison, AL	4.0	2.0	1820	$1,950	$1.07	22d	1	1.35mi
6500 Walden Run Huntsville, AL	1.0–3.0	1.0–2.0	1060	$1,795	$1.69	15d	104	1.40mi
685 Providence Main St NW Huntsville, AL	1.0–3.0	1.0–2.0	1083	$1,523	$1.41	15d	53	1.48mi

HOA detail

• Monthly dues: $12 · $144/yr
• Likely covers: water

Listing history 16 events

1. 2026-06-18
   days on market $320,000 Active 98 DOM
2. 2026-06-17
   days on market $320,000 Active 97 DOM
3. 2026-06-16
   days on market $320,000 Active 96 DOM
4. 2026-06-15
   days on market $320,000 Active 95 DOM
5. 2026-06-14
   days on market $320,000 Active 93 DOM
6. 2026-06-10
   days on market $320,000 Active 90 DOM
7. 2026-06-09
   days on market $320,000 Active 89 DOM
8. 2026-06-08
   days on market $320,000 Active 88 DOM
9. 2026-06-07
   days on market $320,000 Active 87 DOM
10. 2026-06-03
    days on market $320,000 Active 83 DOM
11. 2026-06-02
    days on market $320,000 Active 82 DOM
12. 2026-06-01
    days on market $320,000 Active 81 DOM
13. 2026-05-31
    days on market $320,000 Active 80 DOM
14. 2026-05-30
    days on market $320,000 Active 79 DOM
15. 2026-04-27
    price $320,000 666-char remark

    Show marketing remark (666 chars)

    NEW FLOORING! Charming one-story home in Madison featuring a comfortable and inviting layout. The kitchen and dining area showcase new flooring, adding a fresh update to these functional spaces. This home offers a warm and welcoming feel with well-defined living areas and plenty of charm throughout. Several key systems have been updated for added peace of mind, including a water heater approximately 4 years old, HVAC around 5 years old, and a roof approximately 10 years old. Step outside to enjoy the fenced-in backyard, perfect for pets, outdoor gatherings, or relaxing evenings. This home offers a great opportunity for comfortable living in a desirable area!

16. 2026-03-12
    listed $330,000 Active 666-char remark

    Show marketing remark (666 chars)

    NEW FLOORING! Charming one-story home in Madison featuring a comfortable and inviting layout. The kitchen and dining area showcase new flooring, adding a fresh update to these functional spaces. This home offers a warm and welcoming feel with well-defined living areas and plenty of charm throughout. Several key systems have been updated for added peace of mind, including a water heater approximately 4 years old, HVAC around 5 years old, and a roof approximately 10 years old. Step outside to enjoy the fenced-in backyard, perfect for pets, outdoor gatherings, or relaxing evenings. This home offers a great opportunity for comfortable living in a desirable area!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AL · Resets to sale price

• Current annual tax: $1,309 · $109/mo
• Projected year-2 tax: $1,312 · $109/mo
• Expected delta: +$3/yr ($0/mo · 0.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% 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: $21,303
• − Mortgage interest: −$17,925
• − Property taxes: −$1,309
• − Insurance: −$1,600
• − Repairs & maintenance: −$1,704
• − Management: −$1,704
• − HOA: −$144
• − Depreciation: −$9,309
• Taxable loss: −$12,393
• Est. tax savings @ 24.0%: +$2,974
• After-tax cash flow: $-3,387/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): 50,266
• Household income: $117,380
• Rent vs Own: 30.8% rent · 69.2% own
• Severe rent burden: 875.0

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 (68%)
• Race & ethnicity: White 68% Black 14% Hispanic / Latino 8% Asian 7% Two or more races 7%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 9% · Canada, South Korea, Vietnam
• Languages at home: 87% English-only · Spanish 5% Other Asian/Pacific 2% Chinese 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: ▲ 14.46%
• Current HPI: 355.2784
• Rent YoY: ▲ 1.58%
• 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

-3.0% since first listed

2 events — show timeline

• 2026-04-27 Price Changed $320,000 VMLS
• 2026-03-12 Listed $330,000 VMLS

Property tax history

+6.0%/yr

Latest (2024): $1,309 · +1.7% YoY. Source: county tax records.