702 Mastin Lake Rd · Huntsville, AL 35811

$130,000

3 bd · 1.0 ba · 1,025 sqft · SingleFamily public records · 128 Days on market

Built 1960 0.26 ac lot $127/sqft · 17% below area Est $156k · 17% under

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Why this score? — see what drove the B 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 +26.5/30.0
• ARV discount +14.9/15.0
• DSCR +9.0/10.0
• 1% rule +6.1/10.0
• Rent growth +4.2/5.0
• Livability +4.1/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +1.4/10.0

Listing remarks MLS

Lovely home in Huntsville. Large backyard, new kitchen flooring, freshly painted throughout, and much more!

Key facts

• Large backyard
• Freshly painted
• New kitchen flooring

Tags

• LARGE BACKYARD
• NEW KITCHEN FLOORING
• FRESHLY PAINTED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $344 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.5% 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.
• 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 fast (+6.8%/yr); 560 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $899 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.
• At projected returns (-3.0% appreciation + 6.8% rent growth), your $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 128 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y ago; this cycle's ask is 12281% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $50k; list at $130k implies a 160% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.11% ✓
• Cap rate: 9.47%
• Cash-on-cash: 11.34%
• DSCR: 1.50
• GRM: 7.5

CMA / ARV

• ARV (median comp): $155,787
• List price: $130,000
• Delta: -16.55%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3006 Merry Oaks Dr NW	0.16mi	3/1.5	1,100 (+7%)	4mo	$173,000	$157	75
197 Baxter Ave NW	0.28mi	3/1.0	991 (-3%)	11mo	$144,000	$145	72
902 Mastin Lake Rd	0.19mi	3/2.0	1,082 (+6%)	13mo	$235,000	$217	67
3604 N Memorial Parkway North NE	0.58mi	3/1.5	1,072 (+5%)	1mo	$155,000	$145	62
3062 Boswell Dr NW	0.29mi	3/2.0	1,150 (+12%)	1mo	$178,500	$155	62
409 Max Luther Dr	0.53mi	2/1.0 (-1)	1,000 (-2%)	12mo	$60,000	$60	56
2616 Huntsville St	0.54mi	2/1.0 (-1)	1,000 (-2%)	12mo	$60,000	$60	56
206 Delaware Cir NW	0.32mi	3/2.0	1,131 (+10%)	11mo	$188,000	$166	55
2433 Mt Vernon Rd NW	0.66mi	3/1.0	1,073 (+5%)	9mo	$94,000	$88	54
426 S Plymouth Rd NW	0.26mi	2/1.0 (-1)	1,162 (+13%)	10mo	$99,500	$86	52
2409 Kildare St NW	0.74mi	2/1.0 (-1)	1,030 (+0%)	10mo	$155,000	$150	52
2413 Kildare St NW	0.72mi	2/1.0 (-1)	976 (-5%)	8mo	$147,000	$151	47

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: 4.5%
• Equity multiple: 1.18×
• Total profit: $6,516
• Equity at exit: $19,383

10-year hold

• IRR: 17.0%
• Equity multiple: 2.62×
• Total profit: $59,107
• Equity at exit: $11,240

Cash invested: $36,400 (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: 560
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,438 high
• Mortgage (P&I): −$682
• Tax from tax record: −$56 /mo · $677/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $344

Break-even live

Break-even rent $1,003

Max offer price $130,000

Occupancy floor 71%

Sensitivity live

Price	-10% $417	-5% $381	+0% $344	+5% $307	+10% $270
Rent	-10% $230	-5% $287	+0% $344	+5% $401	+10% $457
Rate	-1.0pp $409	-0.5pp $377	base $344	+0.5pp $310	+1.0pp $276

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
611 Ofallon Rd NW Huntsville, AL	3.0	2.0	1350	$3,000	$2.22	24d	1	0.21mi
621 Murray Rd NW Huntsville, AL	3.0	1.5	1008	$1,325	$1.31	15d	1	0.26mi
3058 Boswell Dr NW Huntsville, AL	4.0	2.0	1450	$1,398	$0.96	45d	1	0.30mi
522 Lisa Ln NW Huntsville, AL	4.0	3.0	1025	$1,695	$1.65	45d	1	0.30mi
2809 Academy Dr NW Huntsville, AL	2.0	1.5	900	$950	$1.06	45d	1	0.30mi
203 N Plymouth Rd NW Huntsville, AL	2.0	1.0	796	$1,310	$1.65	15d	1	0.36mi
2601 Academy Dr NW Huntsville, AL	2.0–4.0	1.0–2.0	971	$1,262	$1.30	45d	1	0.46mi
3606 Lakewood Rd NW Huntsville, AL	3.0	1.5	1408	$1,400	$0.99	45d	1	0.49mi
3328 Meridian St N Apt 114 Huntsville, AL	2.0	1.0	800	$600	$0.75	15d	1	0.55mi
3330 Meridian St N Huntsville, AL	2.0	1.0	800	$700	$0.88	15d	1	0.57mi
304 Wind Ave NW Huntsville, AL	2.0	1.0	960	$1,095	$1.14	45d	1	0.61mi
3707 Lakewood Dr NW Huntsville, AL	3.0	1.0	1100	$1,100	$1.00	45d	1	0.62mi
2219 Jonathan Dr NW Apt C Huntsville, AL	2.0	1.5	850	$850	$1.00	45d	1	0.68mi
2401 Mount Vernon Rd NW Huntsville, AL	3.0	1.0	950	$1,045	$1.10	45d	1	0.76mi
3410 Elizabeth St NW Unit 2 Huntsville, AL	2.0	1.0	800	$850	$1.06	45d	1	0.76mi
3410 Elizabeth St NW Apt 7 Huntsville, AL	2.0	1.0	800	$799	$1.00	45d	1	0.76mi
2115 Lee High Dr NE Huntsville, AL	3.0	1.0	870	$1,245	$1.43	15d	1	0.91mi
2032 Front St NE Huntsville, AL	4.0	2.0	1304	$1,400	$1.07	45d	1	0.95mi
4005 Memorial Pkwy NW Huntsville, AL	3.0	1.0	1100	$1,375	$1.25	45d	1	0.96mi
2640 Blue Spring Rd NW Huntsville, AL	1.0–3.0	1.0–2.0	944	$1,149	$1.22	45d	3	1.06mi
2519 Birchfield St NW Huntsville, AL	3.0	1.5	1125	$1,195	$1.06	45d	1	1.08mi
2206 Harris Rd NW Huntsville, AL	3.0	1.0	1354	$1,400	$1.03	45d	1	1.08mi
415 Halsey Ave NE Huntsville, AL	2.0	1.0–2.0	818	$1,760	$2.15	15d	20	1.18mi
1114 Oakwood Ave NE Unit A Huntsville, AL	2.0	1.0	1000	$995	$0.99	15d	1	1.21mi
3013 Kirkland Dr NW Huntsville, AL	3.0	1.5	1324	$1,295	$0.98	45d	1	1.22mi
2107 Epworth Dr NE Unit H Huntsville, AL	2.0	1.5	875	$1,175	$1.34	15d	1	1.24mi
2211 Penhall Dr NE Huntsville, AL	3.0	1.5	1274	$1,650	$1.30	45d	1	1.25mi
1107 England St NE Unit A Huntsville, AL	2.0	1.0	956	$1,200	$1.26	45d	1	1.28mi
2113 Norris Rd NW Huntsville, AL	3.0	1.0	1372	$1,550	$1.13	45d	1	1.29mi
2212 Old Blue Spring Rd NW Unit A Huntsville, AL	2.0	1.0	970	$970	$1.00	24d	1	1.32mi
2212 Old Blue Spring Rd NW Unit B Huntsville, AL	2.0	1.0	759	$870	$1.15	24d	1	1.32mi
1504 Oakwood Ave NE Apt 4 Huntsville, AL	2.0	1.0	800	$995	$1.24	45d	1	1.35mi
1224 Halsey Ave NE Huntsville, AL	3.0	2.0	1229	$2,000	$1.63	24d	1	1.36mi
4114 Blue Spring Rd NW Huntsville, AL	3.0	2.0	1100	$1,500	$1.36	24d	1	1.37mi
1529 McKinley Ave NE Huntsville, AL	2.0	1.0	884	$1,400	$1.58	45d	1	1.40mi
2708 Monticello Dr NW Huntsville, AL	3.0	1.0	1025	$1,350	$1.32	45d	1	1.41mi
2708 Monticello Dr NW Huntsville, AL	3.0	1.0	1025	$1,300	$1.27	24d	1	1.41mi
2416 Hanover Dr NW Huntsville, AL	3.0	2.0	1300	$1,395	$1.07	45d	1	1.45mi
3205 Lewisburg Dr NW Huntsville, AL	3.0	2.0	1408	$1,600	$1.14	24d	1	1.45mi
2117 Griffith Dr NW Huntsville, AL	3.0	1.0	1000	$1,095	$1.09	24d	1	1.46mi

Listing history 31 events

1. 2026-06-18
   days on market $130,000 Active 128 DOM
2. 2026-06-17
   days on market $130,000 Active 127 DOM
3. 2026-06-16
   days on market $130,000 Active 126 DOM
4. 2026-06-15
   days on market $130,000 Active 125 DOM
5. 2026-06-14
   days on market $130,000 Active 123 DOM
6. 2026-06-10
   days on market $130,000 Active 120 DOM
7. 2026-06-09
   days on market $130,000 Active 119 DOM
8. 2026-06-08
   days on market $130,000 Active 118 DOM
9. 2026-06-07
   days on market $130,000 Active 117 DOM
10. 2026-06-03
    days on market $130,000 Active 113 DOM
11. 2026-06-02
    days on market $130,000 Active 112 DOM
12. 2026-06-01
    days on market $130,000 Active 111 DOM
13. 2026-05-31
    days on market $130,000 Active 110 DOM
14. 2026-05-30
    days on market $130,000 Active 109 DOM
15. 2026-04-01
    listed $1,050
16. 2026-03-31
    price $130,000 107-char remark

    Show marketing remark (107 chars)

    Lovely home in Huntsville. Large backyard, new kitchen flooring, freshly painted throughout, and much more!

17. 2026-02-10
    listed $155,000 Active 107-char remark

    Show marketing remark (107 chars)

    Lovely home in Huntsville. Large backyard, new kitchen flooring, freshly painted throughout, and much more!

18. 2020-04-01
    soldstatus $50,000
19. 2020-03-30
    soldstatus $55,000 Sold 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

20. 2020-02-24
    historical Contingent 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

21. 2019-12-05
    price $55,000 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

22. 2019-12-04
    status Active 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

23. 2019-09-25
    historical Contingent 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

24. 2019-09-07
    price $54,900 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

25. 2019-08-12
    status Active 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

26. 2019-06-24
    historical Contingent 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

27. 2019-06-19
    price $55,000 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

28. 2019-05-31
    price $52,000 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

29. 2019-05-21
    status Active 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

30. 2019-05-05
    historical Contingent 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

31. 2019-04-15
    listed $57,000 Active 231-char remark

    Show marketing remark (231 chars)

    REDUCED PRICE!!! Great income producing property!! Tenant occupied! 3 bedroom 1 bath home situated on .25 acre lot. Nice open floor plan. Conveniently located! Home being sold "As-Is", please call agent for more details.

ⓘ 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: $677 · $56/mo
• Projected year-2 tax: $677 · $56/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 18 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,259
• − Mortgage interest: −$7,282
• − Property taxes: −$677
• − Insurance: −$650
• − Repairs & maintenance: −$1,381
• − Management: −$1,381
• − Depreciation: −$3,782
• Taxable income: $2,106
• Est. tax owed @ 24.0%: −$505
• After-tax cash flow: $3,621/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): 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

-98.2% since first listed

17 events — show timeline

• 2026-04-01 Listed for Rent $1,050 VMLS
• 2026-03-31 Price Changed $130,000 VMLS
• 2026-02-10 Listed $155,000 VMLS
• 2020-04-01 Sold (Public Records) $50,000 Public Records
• 2020-03-30 Sold (MLS) $55,000 VMLS
• 2020-02-24 Contingent — VMLS
• 2019-12-05 Price Changed $55,000 VMLS
• 2019-12-04 Relisted — VMLS
• 2019-09-25 Contingent — VMLS
• 2019-09-07 Price Changed $54,900 VMLS
• 2019-08-12 Relisted — VMLS
• 2019-06-24 Contingent — VMLS
• 2019-06-19 Price Changed $55,000 VMLS
• 2019-05-31 Price Changed $52,000 VMLS
• 2019-05-21 Relisted — VMLS
• 2019-05-05 Contingent — VMLS
• 2019-04-15 Listed $57,000 VMLS

Property tax history

+4.9%/yr

Latest (2024): $677 · +7.6% YoY. Source: county tax records.