209 Baxter Ave NW · Huntsville, AL 35811

$164,900

2 bd · 1.0 ba · 1,014 sqft · SingleFamily public records · 33 Days on market

Built 1960 7,405 sqft lot Est $153k · 8% over

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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).

• Cash flow +12.6/30.0
• Rent growth +4.2/5.0
• Livability +4.1/5.0
• ARV discount +4.0/15.0
• DSCR +3.8/10.0
• Schools +2.9/10.0
• 1% rule +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +1.4/10.0

Listing remarks

Completely remodeled and move in ready, this charming 2 bedroom, 1 bath home is packed w/ updates and modern finishes throughout! Recent improvements include fresh interior paint, new flooring, crown molding, new doors, updated kitchen w/ new cabinets & new countertops, stainless appliances inlcluding stainless fridge, updated bathroom w/ new vanity & tile backsplash accents! The exterior has been freshly painted & features a convenient carport along w/ a large covered front porch that is perfect for relaxing & enjoying the outdoors. Whether you are a first time home buyer looking for the perfect starter home or an investor searching for a great opportunity, this pro

Key facts

• Remodeled
• New doors
• New flooring

Tags

• REMODELED
• MODERN FINISHES
• FRESH INTERIOR PAINT
• NEW FLOORING
• CROWN MOLDING
• NEW DOORS

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: Attached carport; Concrete driveway
• Utilities: Public sewer
• Home design: Single-family residence; Residential property; Not new construction
• Construction: Aluminum siding
• Exterior features: Lot in the Mollie Countess subdivision; Concrete driveway; Attached carport

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central electric heating; Central electric cooling
• Interior features: Crawl space basement; 5 total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $-20 ($-239/yr) — negative.
• To cash-flow at today's rent, offer at most $161k (2.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $125k (24.1% below list).
• Recommended offer: $125k (24.1% below list) — sets the bar for 1% rule.
• Cap rate 6.1% 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.
• 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: Martin Luther King Jr Elementary School (math 4% / reading 18%, grade F, #560 of 627 statewide, top 90%, 464 students, 89% FRL); Chapman Middle School (math 2% / reading 23%, grade F, #216 of 257 statewide, top 86%, 368 students, 88% FRL); Lee High School (math 2% / reading 17%, grade F, #252 of 305 statewide, top 84%, 840 students, 77% FRL) — zoned schools average 85% FRL vs 46% district-wide (38 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 11% at this address vs 34% district-wide (-22 pts) — the specific schools serving this property underperform the Huntsville City average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+6.8%/yr); 560 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 63% 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).
• This rent is only 17% of the median local income ($91k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 33 days — a 3% lower offer ($160k) is reasonable based on typical stale-listing flexibility.

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 $125,169 (24.1% 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 33 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
7. 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.
8. 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.
9. 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: 0.76% ✗
• Cap rate: 6.15%
• Cash-on-cash: -0.52%
• DSCR: 0.98
• GRM: 11.0

CMA / ARV

• ARV (on-the-fly): $153,114
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
197 Baxter Ave NW	0.07mi	3/1.0 (+1)	991 (-2%)	11mo	$144,000	$145	79
3006 Merry Oaks Dr NW	0.07mi	3/1.5 (+1)	1,100 (+8%)	4mo	$173,000	$157	72
409 Max Luther Dr	0.57mi	2/1.0	1,000 (-1%)	12mo	$60,000	$60	61
2616 Huntsville St	0.59mi	2/1.0	1,000 (-1%)	12mo	$60,000	$60	60
426 S Plymouth Rd NW	0.23mi	2/1.0	1,162 (+15%)	10mo	$99,500	$86	57
2409 Kildare St NW	0.73mi	2/1.0	1,030 (+2%)	10mo	$155,000	$150	55
2413 Kildare St NW	0.71mi	2/1.0	976 (-4%)	8mo	$147,000	$151	54
206 Delaware Cir NW	0.22mi	3/2.0 (+1)	1,131 (+12%)	11mo	$188,000	$166	52
902 Mastin Lake Rd	0.37mi	3/2.0 (+1)	1,082 (+7%)	13mo	$235,000	$217	52
414 S Plymouth Rd NW	0.16mi	3/1.0 (+1)	900 (-11%)	22mo	$110,000	$122	50
3062 Boswell Dr NW	0.48mi	3/2.0 (+1)	1,150 (+13%)	1mo	$178,500	$155	46
2603 Andrew Jackson Way NE	0.69mi	3/2.0 (+1)	1,143 (+13%)	3mo	$205,000	$179	35

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: -13.5%
• Equity multiple: 0.50×
• Total profit: $-23,070
• Equity at exit: $24,587

10-year hold

• IRR: 0.0%
• Equity multiple: 1.00×
• Total profit: $140
• Equity at exit: $14,258

Cash invested: $46,172 (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 35811

• Home prices YoY: -2.1%
• Rents YoY: 6.8%
• Active inventory: 560
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $1,252 high
• Mortgage (P&I): −$865
• Tax from tax record: −$75 /mo · $904/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $-20

Break-even live

Break-even rent $1,277

Max offer price $161,379

Occupancy floor 97%

Sensitivity live

Price	-10% $73	-5% $27	+0% $-20	+5% $-67	+10% $-113
Rent	-10% $-119	-5% $-69	+0% $-20	+5% $30	+10% $79
Rate	-1.0pp $63	-0.5pp $22	base $-20	+0.5pp $-63	+1.0pp $-106

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: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
501 Laurel Dr NW Huntsville, AL	1.0	1.0	700	$800	$1.14	44d	1	0.24mi
203 N Plymouth Rd NW Huntsville, AL	2.0	1.0	796	$1,310	$1.65	14d	1	0.25mi
2809 Academy Dr NW Huntsville, AL	2.0	1.5	900	$950	$1.06	44d	1	0.28mi
611 Ofallon Rd NW Huntsville, AL	3.0	2.0	1350	$3,000	$2.22	24d	1	0.38mi
621 Murray Rd NW Huntsville, AL	3.0	1.5	1008	$1,325	$1.31	14d	1	0.41mi
2601 Academy Dr NW Huntsville, AL	2.0–4.0	1.0–2.0	971	$1,025	$1.06	44d	1	0.43mi
3328 Meridian St N Apt 114 Huntsville, AL	2.0	1.0	800	$600	$0.75	14d	1	0.47mi
3330 Meridian St N Huntsville, AL	2.0	1.0	800	$700	$0.88	14d	1	0.50mi
304 Wind Ave NW Huntsville, AL	2.0	1.0	960	$1,095	$1.14	44d	1	0.63mi
3606 Lakewood Rd NW Huntsville, AL	3.0	1.5	1408	$1,400	$0.99	44d	1	0.63mi
3707 Lakewood Dr NW Huntsville, AL	3.0	1.0	1100	$1,100	$1.00	44d	1	0.76mi
2115 Lee High Dr NE Huntsville, AL	3.0	1.0	870	$1,245	$1.43	14d	1	0.83mi
2219 Jonathan Dr NW Apt C Huntsville, AL	2.0	1.5	850	$850	$1.00	44d	1	0.86mi
2401 Mount Vernon Rd NW Huntsville, AL	3.0	1.0	950	$1,045	$1.10	44d	1	0.94mi
3410 Elizabeth St NW Apt 7 Huntsville, AL	2.0	1.0	800	$799	$1.00	44d	1	0.95mi
3410 Elizabeth St NW Unit 2 Huntsville, AL	2.0	1.0	800	$850	$1.06	44d	1	0.95mi
2107 Epworth Dr NE Unit H Huntsville, AL	2.0	1.5	875	$1,175	$1.34	14d	1	1.06mi
4005 Memorial Pkwy NW Huntsville, AL	3.0	1.0	1100	$1,375	$1.25	44d	1	1.08mi
2211 Penhall Dr NE Huntsville, AL	3.0	1.5	1274	$1,650	$1.30	44d	1	1.08mi
1114 Oakwood Ave NE Unit A Huntsville, AL	2.0	1.0	1000	$995	$0.99	14d	1	1.09mi
415 Halsey Ave NE Huntsville, AL	2.0	1.0–2.0	818	$1,760	$2.15	14d	20	1.12mi
1107 England St NE Unit A Huntsville, AL	2.0	1.0	956	$1,200	$1.26	44d	1	1.17mi
1504 Oakwood Ave NE Apt 4 Huntsville, AL	2.0	1.0	800	$995	$1.24	44d	1	1.20mi
2640 Blue Spring Rd NW Huntsville, AL	1.0–3.0	1.0–2.0	944	$1,024	$1.08	44d	3	1.22mi
2206 Harris Rd NW Huntsville, AL	3.0	1.0	1354	$1,400	$1.03	44d	1	1.23mi
1224 Halsey Ave NE Huntsville, AL	3.0	2.0	1229	$2,000	$1.63	24d	1	1.24mi
1529 McKinley Ave NE Huntsville, AL	2.0	1.0	884	$1,400	$1.58	44d	1	1.25mi
2519 Birchfield St NW Huntsville, AL	3.0	1.5	1125	$1,195	$1.06	44d	1	1.26mi
1503 Rison Ave NE Huntsville, AL	2.0	1.0	1070	$1,395	$1.30	44d	1	1.35mi
3013 Kirkland Dr NW Huntsville, AL	3.0	1.5	1324	$1,295	$0.98	44d	1	1.40mi
1423 Stevens Ave NE Huntsville, AL	2.0	1.0	1020	$1,450	$1.42	44d	1	1.40mi
2113 Norris Rd NW Huntsville, AL	3.0	1.0	1372	$1,550	$1.13	44d	1	1.41mi
1602 Rison Ave NE Huntsville, AL	3.0	2.0	1422	$1,750	$1.23	14d	1	1.41mi
2212 Old Blue Spring Rd NW Unit B Huntsville, AL	2.0	1.0	759	$870	$1.15	24d	1	1.43mi
2212 Old Blue Spring Rd NW Unit A Huntsville, AL	2.0	1.0	970	$970	$1.00	24d	1	1.43mi
512 Oshaughnessy Ave NE Unit A Huntsville, AL	1.0	1.0	1262	$875	$0.69	44d	1	1.47mi
1808 Oakwood Ave NE Huntsville, AL	2.0	1.0	1200	$1,350	$1.12	44d	1	1.48mi
1511 Humes Ave NE Huntsville, AL	3.0	1.0	1053	$1,675	$1.59	24d	1	1.49mi

Listing history 15 events

1. 2026-06-18
   days on market $164,900 Active 33 DOM
2. 2026-06-17
   days on market $164,900 Active 32 DOM
3. 2026-06-16
   days on market $164,900 Active 31 DOM
4. 2026-06-15
   days on market $164,900 Active 30 DOM
5. 2026-06-14
   days on market $164,900 Active 28 DOM
6. 2026-06-10
   days on market $164,900 Active 25 DOM
7. 2026-06-09
   days on market $164,900 Active 24 DOM
8. 2026-06-08
   days on market $164,900 Active 23 DOM
9. 2026-06-07
   days on market $164,900 Active 22 DOM
10. 2026-06-03
    days on market $164,900 Active 18 DOM
11. 2026-06-02
    days on market $164,900 Active 17 DOM
12. 2026-06-01
    days on market $164,900 Active 16 DOM
13. 2026-05-31
    days on market $164,900 Active 15 DOM
14. 2026-05-30
    days on market $164,900 Active 14 DOM
15. 2026-05-16
    listed $164,900 Active

ⓘ 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: $904 · $75/mo
• Projected year-2 tax: $904 · $75/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 5/10 Major 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% 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: $15,020
• − Mortgage interest: −$9,237
• − Property taxes: −$904
• − Insurance: −$824
• − Repairs & maintenance: −$1,202
• − Management: −$1,202
• − Depreciation: −$4,797
• Taxable loss: −$3,145
• Est. tax savings @ 24.0%: +$755
• After-tax cash flow: $516/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

1 event — show timeline

• 2026-05-16 Listed $164,900 VMLS

Property tax history

+6.4%/yr

Latest (2024): $904 · +7.6% YoY. Source: county tax records.