188 Prince Cir · Huntsville, AL 35754

$240,000

3 bd · 2.0 ba · 1,500 sqft · Manufactured · 146 Days on market

Built 2007 1.00 ac lot ↓ 1% 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 +21.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• 1% rule +5.6/10.0
• Livability +4.1/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Time to get away from the crowd, home is exactly what you are looking for. This immaculate 3 bed 2 bath home features beautiful floors, spacious kitchen with plenty of cabinets, a large laundry room, wonderful sun porch, nicely situated on an acre with a nice place for a garden and grape vines there already. You will love the detached 2 car garage with concrete floor and electricity along with garage door openers too. This home is furnished with all the appliances you'll need and is really a very nice place just waiting on you to call is home. You don't want to miss this great home in a wonderful location related to Redstone Arsenal, Decatur, and even a short jump to the Tenn. River too.

Key facts

• Grape vines
• Garden area
• Sun porch

Tags

• SPACIOUS KITCHEN
• LARGE LAUNDRY ROOM
• SUN PORCH
• DETACHED GARAGE
• GARDEN AREA
• GRAPE VINES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $240k.

Deal economics

• At list price, monthly cash flow is $356 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $240k).
• Recommended offer: $211k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 3.8% in Huntsville — 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 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.
• Morgan County (rural): math 19% / reading 43% proficiency, ranked #61 of 129 in AL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 35 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 231 units permitted in Morgan County in 2024 (0 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 $7k of value loss. Plan a longer hold.
• Morgan County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 146 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $211,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 146 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.06% ✓
• Cap rate: 8.07%
• Cash-on-cash: 6.36%
• DSCR: 1.28
• GRM: 7.8

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: -6.5%
• Equity multiple: 0.76×
• Total profit: $-16,183
• Equity at exit: $35,785

10-year hold

• IRR: 3.1%
• Equity multiple: 1.23×
• Total profit: $15,253
• Equity at exit: $20,751

Cash invested: $67,200 (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 35754

• Home prices YoY: -14.2%
• Active inventory: 35
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,550 medium
• Mortgage (P&I): −$1,259
• Tax est. 1.5%: −$300 /mo · $3,600/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$536
• Net cashflow: $356

Break-even live

Break-even rent $2,099

Max offer price $240,000

Occupancy floor 81%

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
141 Old Silo Rd Laceys Spring, AL	4.0	4.0	2000	$2,550	$1.27	14d	1	1.06mi

Listing history 19 events

1. 2026-06-18
   days on market $240,000 Active 146 DOM
2. 2026-06-17
   days on market $240,000 Active 145 DOM
3. 2026-06-16
   days on market $240,000 Active 144 DOM
4. 2026-06-15
   days on market $240,000 Active 143 DOM
5. 2026-06-14
   pricedays on market $240,000 Active 141 DOM
6. 2026-06-13
   days on market $250,000 Active 140 DOM
7. 2026-06-10
   days on market $250,000 Active 138 DOM
8. 2026-06-09
   days on market $250,000 Active 137 DOM
9. 2026-06-08
   days on market $250,000 Active 136 DOM
10. 2026-06-07
    pricedays on market $250,000 Active 135 DOM
11. 2026-06-02
    days on market $257,000 Active 130 DOM
12. 2026-06-01
    days on market $257,000 Active 129 DOM
13. 2026-05-31
    days on market $257,000 Active 128 DOM
14. 2026-05-30
    days on market $257,000 Active 127 DOM
15. 2026-05-15
    price $257,000 697-char remark

    Show marketing remark (697 chars)

    Time to get away from the crowd, home is exactly what you are looking for. This immaculate 3 bed 2 bath home features beautiful floors, spacious kitchen with plenty of cabinets, a large laundry room, wonderful sun porch, nicely situated on an acre with a nice place for a garden and grape vines there already. You will love the detached 2 car garage with concrete floor and electricity along with garage door openers too. This home is furnished with all the appliances you'll need and is really a very nice place just waiting on you to call is home. You don't want to miss this great home in a wonderful location related to Redstone Arsenal, Decatur, and even a short jump to the Tenn. River too.

16. 2026-05-07
    price $258,000 697-char remark

    Show marketing remark (697 chars)

    Time to get away from the crowd, home is exactly what you are looking for. This immaculate 3 bed 2 bath home features beautiful floors, spacious kitchen with plenty of cabinets, a large laundry room, wonderful sun porch, nicely situated on an acre with a nice place for a garden and grape vines there already. You will love the detached 2 car garage with concrete floor and electricity along with garage door openers too. This home is furnished with all the appliances you'll need and is really a very nice place just waiting on you to call is home. You don't want to miss this great home in a wonderful location related to Redstone Arsenal, Decatur, and even a short jump to the Tenn. River too.

17. 2026-04-30
    price $259,000 697-char remark

    Show marketing remark (697 chars)

    Time to get away from the crowd, home is exactly what you are looking for. This immaculate 3 bed 2 bath home features beautiful floors, spacious kitchen with plenty of cabinets, a large laundry room, wonderful sun porch, nicely situated on an acre with a nice place for a garden and grape vines there already. You will love the detached 2 car garage with concrete floor and electricity along with garage door openers too. This home is furnished with all the appliances you'll need and is really a very nice place just waiting on you to call is home. You don't want to miss this great home in a wonderful location related to Redstone Arsenal, Decatur, and even a short jump to the Tenn. River too.

18. 2026-04-19
    price $259,500 697-char remark

    Show marketing remark (697 chars)

    Time to get away from the crowd, home is exactly what you are looking for. This immaculate 3 bed 2 bath home features beautiful floors, spacious kitchen with plenty of cabinets, a large laundry room, wonderful sun porch, nicely situated on an acre with a nice place for a garden and grape vines there already. You will love the detached 2 car garage with concrete floor and electricity along with garage door openers too. This home is furnished with all the appliances you'll need and is really a very nice place just waiting on you to call is home. You don't want to miss this great home in a wonderful location related to Redstone Arsenal, Decatur, and even a short jump to the Tenn. River too.

19. 2026-01-23
    listed $259,900 Active 697-char remark

    Show marketing remark (697 chars)

    Time to get away from the crowd, home is exactly what you are looking for. This immaculate 3 bed 2 bath home features beautiful floors, spacious kitchen with plenty of cabinets, a large laundry room, wonderful sun porch, nicely situated on an acre with a nice place for a garden and grape vines there already. You will love the detached 2 car garage with concrete floor and electricity along with garage door openers too. This home is furnished with all the appliances you'll need and is really a very nice place just waiting on you to call is home. You don't want to miss this great home in a wonderful location related to Redstone Arsenal, Decatur, and even a short jump to the Tenn. River too.

ⓘ 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 5/10 Major
• 🌡 Heat 4/10 Moderate 6 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% 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: $30,600
• − Mortgage interest: −$13,444
• − Property taxes: −$3,600
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,448
• − Management: −$2,448
• − Depreciation: −$6,982
• Taxable income: $478
• Est. tax owed @ 24.0%: −$115
• After-tax cash flow: $4,156/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: Morgan County
• NCES district ID: 0102480
• Math proficiency: 19% ▼ -28.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $47,362
• Composite: 26.68/100
• National rank: #7157
• State rank: #61 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

• City population: 220,435
• Population (ZIP): 5,602

Population outlook (Morgan County) Hauer SSP2

• Today (2025): 118,775 people
• By 2030: 116,979 · -1.5%
• By 2040: 111,800 · -5.9%
• By 2050: 105,181 · -11.4%
• By 2075: 87,736 · -26.1%
• By 2100: 67,624 · -43.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 16% Hispanic / Latino 10%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Italian 6% Scandinavian 5% Slovak 2%
• Foreign-born: 15% · Canada
• Languages at home: 83% English-only · Spanish 11% Other Indo-European 5% Other Asian/Pacific 1%

Political lean MEDSL · Morgan

• 2024 margin: Solid R (+52.6) · D 23.2% · R 75.8%
• 2008→2024 swing: -8.8pp toward R · 2008: -43.8pp · 2024: -52.6pp
• All cycles: 2024: R+52.6 2020: R+49.2 2016: R+52.4 2012: R+44.5 2008: R+43.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -36.48%
• Current HPI: 220.9607
• Rent YoY: —
• Metro: —
• 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

-1.1% since first listed

5 events — show timeline

• 2026-05-15 Price Changed $257,000 VMLS
• 2026-05-07 Price Changed $258,000 VMLS
• 2026-04-30 Price Changed $259,000 VMLS
• 2026-04-19 Price Changed $259,500 VMLS
• 2026-01-23 Listed $259,900 VMLS