2302 Bell Ave NW · Huntsville, AL 35816

$187,900

3 bd · 1.0 ba · 1,358 sqft · SingleFamily public records · 32 Days on market

Built 2013 9,147 sqft lot Est $197k · at est.

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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 +14.0/30.0
• ARV discount +9.6/15.0
• DSCR +4.2/10.0
• Livability +4.1/5.0
• Rent growth +3.2/5.0
• Schools +2.9/10.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

UNDER CONSTRUCTION Construction available for 1rst time home buyers only!! All potential buyers must meet the affordable housing criteria. Wonderful open floor plan. Appliances to include range/oven, dishwasher, microwave, refrigerator, and security system. Very convenient location. This property qualifies for the City of Huntsville DPA Program. Buy with zero money down. Seller pays all closing costs and payments as low $425 piti. Call agent for more details.

Key facts

• Wood floors
• Walk-in closet
• Tiled wet areas

Tags

• WOOD FLOORS
• TILED WET AREAS
• OVERSIZED PANTRY
• DEDICATED LAUNDRY ROOM
• WALK-IN CLOSET
• ATTACHED BATH

Property features AI

Finance

• HOA & community: No association; Subdivision: Bell Avenue Estates

Exterior

• Parking: Concrete driveway
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 2013
• Construction: Vinyl siding
• Exterior features: Sidewalk; Concrete driveway; Covered front porch; Covered patio; Patio

Interior

• Kitchen: Range; Dishwasher; Microwave; Disposal; Electric water heater
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Five total rooms; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $188k.

Deal economics

• At list price, monthly cash flow is $23 ($277/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $145k (22.7% below list).
• Recommended offer: $145k (22.7% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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: Sonnie Hereford Elementary School (math 4% / reading 20%, grade F, #554 of 627 statewide, top 88%, 611 students, 92% FRL); Huntsville Junior High School (math 20% / reading 45%, grade F, #105 of 257 statewide, top 42%, 418 students, 38% FRL); Huntsville High School (math 41% / reading 51%, grade D-, #18 of 305 statewide, top 6%, 1,826 students, 28% FRL).
• Market conditions: Rents rising (+2.7%/yr); 66 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).
• This rent runs 43% of the median local income ($40k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 32 days — a 3% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y ago; this cycle's ask is 4% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $66k; list at $188k implies a 186% gain — meaningful room to come down on a strong offer.

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 $145,320 (22.7% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 23% 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. 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?
4. 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?
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: 0.77% ✗
• Cap rate: 6.44%
• Cash-on-cash: 0.53%
• DSCR: 1.02
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $196,910
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2715 Wilson Dr	0.16mi	3/2.0	1,326 (-2%)	1mo	$192,000	$145	84
2904 Wilson Dr NW	0.42mi	3/2.0	1,334 (-2%)	4mo	$202,000	$151	70
2712 Barbara Dr NW	0.24mi	4/2.0 (+1)	1,416 (+4%)	7mo	$162,225	$115	67
2696 Wilson Dr NW	0.22mi	3/2.0	1,278 (-6%)	14mo	$200,000	$156	64
813 Meadow Dr	0.47mi	3/1.0	1,274 (-6%)	11mo	$140,000	$110	58
2305 Bell Ave NW	0.03mi	3/2.0	1,184 (-13%)	18mo	$200,000	$169	58
1004 Lee Dr	0.09mi	3/2.0	1,176 (-13%)	22mo	$172,000	$146	51
911 Parklane St NW	0.63mi	3/2.0	1,293 (-5%)	14mo	$69,200	$54	47
1021 Fairway Dr	0.72mi	3/1.0	1,419 (+4%)	18mo	$104,000	$73	44

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 · 2.66% rent growth · sell at horizon

5-year hold

• IRR: -15.9%
• Equity multiple: 0.44×
• Total profit: $-29,556
• Equity at exit: $28,017

10-year hold

• IRR: -8.1%
• Equity multiple: 0.50×
• Total profit: $-26,204
• Equity at exit: $16,246

Cash invested: $52,612 (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 35816

• Home prices YoY: -9.0%
• Rents YoY: 2.7%
• Active inventory: 66
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,453 high
• Mortgage (P&I): −$985
• Tax from tax record: −$61 /mo · $735/yr
• Insurance: −$78
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $23

Break-even live

Break-even rent $1,424

Max offer price $187,900

Occupancy floor 93%

Sensitivity live

Price	-10% $129	-5% $76	+0% $23	+5% $-30	+10% $-83
Rent	-10% $-92	-5% $-34	+0% $23	+5% $81	+10% $138
Rate	-1.0pp $118	-0.5pp $71	base $23	+0.5pp $-26	+1.0pp $-75

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: $46,975
• Closing costs: $5,637
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2700 Union Dr NW Huntsville, AL	3.0	2.0	1340	$1,450	$1.08	23d	1	0.26mi
804 Appleby St NW Huntsville, AL	2.0	2.0	1170	$1,295	$1.11	15d	1	0.28mi
600 Clinton Ave W Huntsville, AL	3.0	1.0–2.0	1034	$3,645	$3.52	25d	168	0.64mi
3016 Holmes Ave NW Huntsville, AL	3.0	1.0	1092	$1,275	$1.17	25d	1	0.67mi
905 Fairway Dr NW Huntsville, AL	2.0	1.0	1000	$995	$0.99	45d	1	0.71mi
3206 Brook Manor Ave NW Huntsville, AL	2.0	1.0	1156	$1,100	$0.95	15d	1	0.76mi
740 Constellation Place Dr SW Huntsville, AL	3.0	1.0–2.0	1045	$2,199	$2.10	15d	25	0.76mi
201 Jefferson St NW Huntsville, AL	1.0–3.0	1.0–2.5	1287	$3,419	$2.66	15d	13	0.78mi
612 Marguerite Dr NW Huntsville, AL	3.0	1.0	1040	$1,400	$1.35	45d	1	0.78mi
609 10th St NW Huntsville, AL	4.0	2.0	1140	$1,650	$1.45	25d	1	0.78mi
1601 Armstrong St NW Huntsville, AL	3.0	1.0	1200	$1,195	$1.00	45d	1	0.87mi
1715 Chester St NW Huntsville, AL	3.0	1.0	950	$1,250	$1.32	45d	1	0.87mi
3205 Hillandale Rd NW Huntsville, AL	2.0	1.0	1100	$1,200	$1.09	45d	1	0.88mi
1713 Niblick Ave NW Huntsville, AL	3.0	1.0	1000	$1,195	$1.20	25d	1	0.91mi
110 Washington St NE Huntsville, AL	1.0–2.0	1.0–2.0	955	$2,293	$2.40	15d	4	0.93mi
208 Beirne Ave NW Huntsville, AL	3.0	3.0	1584	$1,850	$1.17	25d	1	0.96mi
2900 4th Ave NW Huntsville, AL	2.0	1.0–2.0	765	$1,804	$2.36	15d	81	0.97mi
401 Williams Ave SW Huntsville, AL	2.0	1.0–2.0	911	$2,278	$2.50	23d	36	0.99mi
1904 Oglesby Dr NW Huntsville, AL	3.0	2.0	1026	$1,395	$1.36	15d	1	0.99mi
805 Monroe St SW Huntsville, AL	2.0	1.0–2.0	928	$2,865	$3.09	15d	183	1.01mi
1300 Julia St NW Unit N/A Huntsville, AL	2.0	1.0	1100	$1,195	$1.09	15d	1	1.09mi
2708 7th Ave SW Unit D Huntsville, AL	2.0	1.0	1000	$950	$0.95	45d	1	1.10mi
3615 N Crestview Dr NW Unit 2 Huntsville, AL	2.0	1.5	920	$795	$0.86	25d	1	1.11mi
521 Davis Cir SW Huntsville, AL	3.0	1.0–3.0	1030	$2,890	$2.80	15d	182	1.14mi
3621 N Crestview Dr NW Unit 2 Huntsville, AL	2.0	1.5	900	$895	$0.99	45d	1	1.15mi
202 Beirne Ave NE Huntsville, AL	3.0	1.5	1145	$1,450	$1.27	45d	1	1.17mi
218 Ward Ave NE Huntsville, AL	2.0	2.0	932	$1,450	$1.56	15d	1	1.20mi
1906 Vanderbilt Cir SW Huntsville, AL	3.0	1.0	1045	$1,595	$1.53	45d	1	1.21mi
3700 Governors Dr SW Huntsville, AL	3.0	1.0–2.0	1547	$2,588	$1.67	15d	58	1.23mi
2714 9th Ave SW Huntsville, AL	3.0	2.0	1300	$1,500	$1.15	45d	1	1.25mi
2700 9th Ave SW Huntsville, AL	3.0	2.0	1469	$1,495	$1.02	45d	1	1.26mi
700 Dorothy Ford Ln SW Huntsville, AL	1.0–2.0	1.0–2.0	929	$2,025	$2.18	15d	21	1.26mi
2006 Stanford Dr SW Huntsville, AL	3.0	2.0	1276	$1,995	$1.56	45d	1	1.27mi
401 Pratt Ave NE Huntsville, AL	2.0	1.0–2.0	929	$2,290	$2.47	15d	64	1.28mi
2500 9th Ave SW Huntsville, AL	2.0	1.0–2.0	841	$1,623	$1.93	15d	12	1.28mi
212 White St NE Huntsville, AL	2.0	1.0	960	$1,095	$1.14	45d	1	1.28mi
2706 Norton Ave NW Huntsville, AL	3.0	2.0	1127	$1,098	$0.97	45d	1	1.28mi
402 Walker Ave NE Unit C Huntsville, AL	2.0	1.0	960	$1,000	$1.04	45d	1	1.30mi
3605 6th Ave SW Huntsville, AL	2.0	1.5	1338	$2,000	$1.49	45d	1	1.30mi
3606 Crestmore Ave NW Huntsville, AL	4.0	2.0	1275	$1,400	$1.10	23d	1	1.36mi

Listing history 23 events

1. 2026-06-22
   days on market $187,900 Active 32 DOM
2. 2026-06-18
   days on market $187,900 Active 29 DOM
3. 2026-06-17
   days on market $187,900 Active 28 DOM
4. 2026-06-16
   days on market $187,900 Active 27 DOM
5. 2026-06-15
   pricestatus $187,900 Active 26 DOM
6. 2026-06-15
   days on market $180,000 Contingent 26 DOM
7. 2026-06-14
   days on market $180,000 Contingent 24 DOM
8. 2026-06-10
   days on market $180,000 Contingent 21 DOM
9. 2026-06-09
   days on market $180,000 Contingent 20 DOM
10. 2026-06-08
    days on market $180,000 Contingent 19 DOM
11. 2026-06-07
    days on market $180,000 Contingent 18 DOM
12. 2026-06-03
    days on market $180,000 Contingent 14 DOM
13. 2026-06-03
    status $180,000 Contingent 13 DOM
14. 2026-06-02
    days on market $180,000 Active 13 DOM
15. 2026-06-01
    days on market $180,000 Active 12 DOM
16. 2026-05-31
    days on market $180,000 Active 11 DOM
17. 2026-05-30
    days on market $180,000 Active 10 DOM
18. 2026-05-21
    historical Contingent
19. 2026-05-20
    listed $180,000 Active
20. 2014-03-26
    soldstatus $65,813
21. 2014-03-20
    soldstatus $65,500 463-char remark

    Show marketing remark (463 chars)

    UNDER CONSTRUCTION Construction available for 1rst time home buyers only!! All potential buyers must meet the affordable housing criteria. Wonderful open floor plan. Appliances to include range/oven, dishwasher, microwave, refrigerator, and security system. Very convenient location. This property qualifies for the City of Huntsville DPA Program. Buy with zero money down. Seller pays all closing costs and payments as low $425 piti. Call agent for more details.

22. 2013-08-09
    listed $69,000 463-char remark

    Show marketing remark (463 chars)

    UNDER CONSTRUCTION Construction available for 1rst time home buyers only!! All potential buyers must meet the affordable housing criteria. Wonderful open floor plan. Appliances to include range/oven, dishwasher, microwave, refrigerator, and security system. Very convenient location. This property qualifies for the City of Huntsville DPA Program. Buy with zero money down. Seller pays all closing costs and payments as low $425 piti. Call agent for more details.

23. 2013-02-05
    soldstatus $25,000

ⓘ 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: $735 · $61/mo
• Projected year-2 tax: $770 · $64/mo
• Expected delta: +$35/yr (+$3/mo · 4.8%)

ⓘ 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 ≥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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,438
• − Mortgage interest: −$10,525
• − Property taxes: −$735
• − Insurance: −$940
• − Repairs & maintenance: −$1,395
• − Management: −$1,395
• − Depreciation: −$5,466
• Taxable loss: −$3,018
• Est. tax savings @ 24.0%: +$724
• After-tax cash flow: $1,002/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): 15,939
• Household income: $40,242
• Rent vs Own: 75.9% rent · 24.1% own
• Severe rent burden: 1145.0

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 Black (63%)
• Race & ethnicity: Black 63% White 22% Hispanic / Latino 9% Two or more races 5% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Serbian 1% Italian 1% Swedish 1%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 5% Other Indo-European 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: ▼ -24.06%
• Current HPI: 243.5404
• Rent YoY: ▲ 2.66%
• 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

+620.0% since first listed

6 events — show timeline

• 2026-05-21 Contingent — VMLS
• 2026-05-20 Listed $180,000 VMLS
• 2014-03-26 Sold (Public Records) $65,813 Public Records
• 2014-03-20 Sold (MLS) $65,500 VMLS
• 2013-08-09 Listed $69,000 VMLS
• 2013-02-05 Sold (Public Records) $25,000 Public Records

Property tax history

-1.7%/yr

Latest (2024): $735 · +0.0% YoY. Source: county tax records.