29863 Thunderpaw Dr · Huntsville, AL 35749

$329,000

4 bd · 4.0 ba · 2,640 sqft · SingleFamily public records · 81 Days on market

Built 2008 8,712 sqft lot $125/sqft · 9% below area Est $372k · 12% under $31/mo HOA · 1% of rent

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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).

• ARV discount +12.7/15.0
• Cash flow +12.2/30.0
• Livability +4.1/5.0
• DSCR +3.6/10.0
• Schools +2.8/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

**$5,000 allowance for updates!!**Welcome to 29863 Thunderpaw, where comfort, style, and convenience come together beautifully. This well-maintained home offers a spacious layout designed for both everyday living and entertaining. Step inside to find an inviting open-concept living area filled with natural light, complemented by modern finishes and thoughtful details throughout. The kitchen serves as the heart of the home, featuring ample cabinetry, sleek countertops, and plenty of space! The primary suite provides a relaxing retreat, complete with a private bath. Additional bedrooms offer flexibility for guests, a home office, or growing needs.

Key facts

• 8,712 sq ft lot
• 2 garage spots
• Listed 81 days

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath single-family listed at $329k.

Deal economics

• At list price, monthly cash flow is $-64 ($-762/yr) — negative.
• To cash-flow at today's rent, offer at most $318k (3.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $243k (26.1% below list).
• Recommended offer: $243k (26.1% 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.
• Limestone County (rural): math 21% / reading 44% proficiency, ranked #52 of 129 in AL (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Creekside Elementary School (math 42% / reading 66%, grade C, #96 of 627 statewide, top 16%, 560 students, 41% FRL) — zoned schools at 41% FRL track the district average.
• Zoned-school proficiency averages 54% at this address vs 32% district-wide (+22 pts) — the actual schools serving this property are materially stronger than the Limestone County average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents flat; 675 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 494 units permitted in Limestone 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 $10k of value loss. Plan a longer hold.
• Limestone County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($309k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $36k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $243,023 (26.1% 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 81 days. Have you received any prior offers? Is the seller open to a 26% 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: 0.74% ✗
• Cap rate: 6.06%
• Cash-on-cash: -0.83%
• DSCR: 0.96
• GRM: 11.3

CMA / ARV

• ARV (median comp): $371,965
• List price: $329,000
• Delta: -11.55%
• 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
29900 Thunderpaw Dr	0.05mi	4/2.0	2,536 (-4%)	2mo	$328,000	$129	82
29794 Thunderpaw Dr	0.08mi	3/2.0 (-1)	2,584 (-2%)	1mo	$285,000	$110	79
29636 Limestone Creek Way	0.46mi	4/3.5	2,678 (+1%)	1mo	$399,879	$149	73
118 Roxberry Dr	0.43mi	5/3.0 (+1)	2,708 (+3%)	1mo	$402,000	$148	66
29960 Copper Run Dr	0.08mi	5/3.0 (+1)	2,940 (+11%)	6mo	$319,000	$109	64
29487 Limestone Creek Way	0.61mi	4/3.5	2,678 (+1%)	5mo	$395,000	$147	63
29376 Canoe Cir	0.65mi	4/3.0	2,461 (-7%)	3mo	$399,900	$162	52
29142 Canoe Cir	0.72mi	4/3.5	2,810 (+6%)	3mo	$419,900	$149	51
116 Vanguard St	0.70mi	4/3.5	2,838 (+8%)	4mo	$510,000	$180	49
29635 Limestone Creek Way	0.47mi	3/2.5 (-1)	2,286 (-13%)	2mo	$377,242	$165	43
15717 Clayton Royce Dr NW	0.48mi	3/2.0 (-1)	2,280 (-14%)	3mo	$343,000	$150	39
29465 Limestone Creek Way	0.62mi	3/2.5 (-1)	2,976 (+13%)	3mo	$417,936	$140	36

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 · 0.81% rent growth · sell at horizon

5-year hold

• IRR: -19.9%
• Equity multiple: 0.32×
• Total profit: $-62,741
• Equity at exit: $49,055

10-year hold

• IRR: -17.6%
• Equity multiple: 0.12×
• Total profit: $-81,001
• Equity at exit: $28,446

Cash invested: $92,120 (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 35749

• Home prices YoY: -5.4%
• Rents YoY: 0.8%
• Active inventory: 675
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $2,430 high
• Mortgage (P&I): −$1,725
• Tax from tax record: −$90 /mo · $1,080/yr
• Insurance: −$137
• HOA: −$31
• Vacancy / Maint / Mgmt: −$510
• Net cashflow: $-64

Break-even live

Break-even rent $2,511

Max offer price $317,776

Occupancy floor 98%

Sensitivity live

Price	-10% $123	-5% $30	+0% $-64	+5% $-157	+10% $-250
Rent	-10% $-256	-5% $-160	+0% $-64	+5% $32	+10% $128
Rate	-1.0pp $102	-0.5pp $20	base $-64	+0.5pp $-149	+1.0pp $-236

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: $82,250
• Closing costs: $9,870
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
29873 Copper Run Dr Harvest, AL	5.0	2.5	2966	$2,700	$0.91	15d	1	0.06mi
15980 Trey Hughes Dr Harvest, AL	4.0	2.5	1898	$1,686	$0.89	45d	1	0.18mi
15881 Elaine Ct Unit 1250617P Harvest, AL	3.0	2.0	2497	$4,891	$1.96	15d	1	0.27mi
15818 Trey Hughes Dr Harvest, AL	5.0	3.0	2662	$2,822	$1.06	45d	1	0.35mi
29419 Canoe Cir NW Harvest, AL	4.0	2.5	1964	$2,095	$1.07	25d	1	0.60mi
227 Poplar Hollow Dr Harvest, AL	4.0	3.0	2108	$2,100	$1.00	45d	1	0.66mi
30199 Plantation Park Dr NW Harvest, AL	5.0	3.0	2565	$3,000	$1.17	25d	1	0.71mi
15626 Ironcrest Dr NW Harvest, AL	4.0	2.0	1815	$2,000	$1.10	25d	1	0.73mi
192 Rosecliff Dr Harvest, AL	5.0	3.0	3100	$2,495	$0.80	25d	1	1.03mi
111 Capote Dr Harvest, AL	4.0	2.0	2357	$1,850	$0.78	25d	1	1.15mi
110 Autumn Branch Dr Madison, AL	4.0	2.0	2515	$2,195	$0.87	15d	1	1.18mi
106 Smith Vasser Rd Harvest, AL	4.0	3.0	2620	$2,300	$0.88	45d	1	1.19mi
161 Autumn Branch Dr Madison, AL	3.0	2.0	1970	$1,750	$0.89	45d	1	1.23mi
14892 Smith Dr Harvest, AL	3.0	2.0	1905	$1,200	$0.63	25d	1	1.30mi
14892 Smith Dr Harvest, AL	3.0	2.0	1905	$1,400	$0.73	45d	1	1.30mi
219 Woodgrove Dr NW Madison, AL	4.0	3.0	2436	$2,950	$1.21	25d	1	1.41mi
218 Woodgrove Dr NW Madison, AL	5.0	3.5	2879	$3,000	$1.04	45d	1	1.43mi

HOA detail

• Monthly dues: $31 · $372/yr

Listing history 41 events

1. 2026-06-22
   days on market $329,000 Active 81 DOM
2. 2026-06-18
   days on market $329,000 Active 78 DOM
3. 2026-06-17
   days on market $329,000 Active 77 DOM
4. 2026-06-16
   days on market $329,000 Active 76 DOM
5. 2026-06-15
   days on market $329,000 Active 75 DOM
6. 2026-06-14
   pricedays on market $329,000 Active 73 DOM
7. 2026-06-10
   days on market $329,900 Active 70 DOM
8. 2026-06-09
   days on market $329,900 Active 69 DOM
9. 2026-06-08
   days on market $329,900 Active 68 DOM
10. 2026-06-07
    pricedays on market $329,900 Active 67 DOM
11. 2026-06-05
    days on market $337,000 Active 64 DOM
12. 2026-06-03
    days on market $337,000 Active 63 DOM
13. 2026-06-02
    days on market $337,000 Active 62 DOM
14. 2026-06-01
    days on market $337,000 Active 61 DOM
15. 2026-05-31
    days on market $337,000 Active 60 DOM
16. 2026-05-30
    days on market $337,000 Active 59 DOM
17. 2026-05-18
    price $339,900 654-char remark

    Show marketing remark (654 chars)

    **$5,000 allowance for updates!!**Welcome to 29863 Thunderpaw, where comfort, style, and convenience come together beautifully. This well-maintained home offers a spacious layout designed for both everyday living and entertaining. Step inside to find an inviting open-concept living area filled with natural light, complemented by modern finishes and thoughtful details throughout. The kitchen serves as the heart of the home, featuring ample cabinetry, sleek countertops, and plenty of space! The primary suite provides a relaxing retreat, complete with a private bath. Additional bedrooms offer flexibility for guests, a home office, or growing needs.

18. 2026-05-15
    price $344,900 654-char remark

    Show marketing remark (654 chars)

    **$5,000 allowance for updates!!**Welcome to 29863 Thunderpaw, where comfort, style, and convenience come together beautifully. This well-maintained home offers a spacious layout designed for both everyday living and entertaining. Step inside to find an inviting open-concept living area filled with natural light, complemented by modern finishes and thoughtful details throughout. The kitchen serves as the heart of the home, featuring ample cabinetry, sleek countertops, and plenty of space! The primary suite provides a relaxing retreat, complete with a private bath. Additional bedrooms offer flexibility for guests, a home office, or growing needs.

19. 2026-05-05
    price $348,000 654-char remark

    Show marketing remark (654 chars)

    **$5,000 allowance for updates!!**Welcome to 29863 Thunderpaw, where comfort, style, and convenience come together beautifully. This well-maintained home offers a spacious layout designed for both everyday living and entertaining. Step inside to find an inviting open-concept living area filled with natural light, complemented by modern finishes and thoughtful details throughout. The kitchen serves as the heart of the home, featuring ample cabinetry, sleek countertops, and plenty of space! The primary suite provides a relaxing retreat, complete with a private bath. Additional bedrooms offer flexibility for guests, a home office, or growing needs.

20. 2026-05-01
    price $357,000 654-char remark

    Show marketing remark (654 chars)

    **$5,000 allowance for updates!!**Welcome to 29863 Thunderpaw, where comfort, style, and convenience come together beautifully. This well-maintained home offers a spacious layout designed for both everyday living and entertaining. Step inside to find an inviting open-concept living area filled with natural light, complemented by modern finishes and thoughtful details throughout. The kitchen serves as the heart of the home, featuring ample cabinetry, sleek countertops, and plenty of space! The primary suite provides a relaxing retreat, complete with a private bath. Additional bedrooms offer flexibility for guests, a home office, or growing needs.

21. 2026-04-19
    price $359,000 654-char remark

    Show marketing remark (654 chars)

    **$5,000 allowance for updates!!**Welcome to 29863 Thunderpaw, where comfort, style, and convenience come together beautifully. This well-maintained home offers a spacious layout designed for both everyday living and entertaining. Step inside to find an inviting open-concept living area filled with natural light, complemented by modern finishes and thoughtful details throughout. The kitchen serves as the heart of the home, featuring ample cabinetry, sleek countertops, and plenty of space! The primary suite provides a relaxing retreat, complete with a private bath. Additional bedrooms offer flexibility for guests, a home office, or growing needs.

22. 2026-04-01
    listed $365,000 Active 654-char remark

    Show marketing remark (654 chars)

    **$5,000 allowance for updates!!**Welcome to 29863 Thunderpaw, where comfort, style, and convenience come together beautifully. This well-maintained home offers a spacious layout designed for both everyday living and entertaining. Step inside to find an inviting open-concept living area filled with natural light, complemented by modern finishes and thoughtful details throughout. The kitchen serves as the heart of the home, featuring ample cabinetry, sleek countertops, and plenty of space! The primary suite provides a relaxing retreat, complete with a private bath. Additional bedrooms offer flexibility for guests, a home office, or growing needs.

23. 2025-02-10
    historical $2,100
24. 2025-02-06
    price $387,900
25. 2025-01-27
    price $389,800
26. 2025-01-06
    price $389,900
27. 2024-12-31
    listed $2,100
28. 2024-11-27
    price $389,800
29. 2024-11-04
    price $389,900
30. 2024-10-28
    price $394,800
31. 2024-10-15
    price $394,900
32. 2024-10-08
    price $394,800
33. 2024-09-20
    price $394,900
34. 2024-09-13
    price $399,800
35. 2024-09-06
    price $399,900
36. 2024-08-23
    listed $400,000 Active
37. 2021-12-29
    soldstatus $334,900 Sold
38. 2021-11-15
    status Pending
39. 2021-09-28
    price $334,900
40. 2021-09-04
    listed $350,000 Active
41. 2008-08-04
    soldstatus $239,900

ⓘ 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: $1,080 · $90/mo
• Projected year-2 tax: $1,349 · $112/mo
• Expected delta: +$268/yr (+$22/mo · 24.9%)

ⓘ 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 6/10 Major 7 d/yr ≥104°F today · 20 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: $29,163
• − Mortgage interest: −$18,429
• − Property taxes: −$1,080
• − Insurance: −$1,645
• − Repairs & maintenance: −$2,333
• − Management: −$2,333
• − HOA: −$372
• − Depreciation: −$9,571
• Taxable loss: −$6,601
• Est. tax savings @ 24.0%: +$1,584
• After-tax cash flow: $822/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: Limestone County
• NCES district ID: 0102100
• Math proficiency: 21% ▼ -23.00%
• Reading proficiency: 44% ▼ -3.00%
• Median HH income: $48,972
• Composite: 28.09/100
• National rank: #6829
• State rank: #52 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

• County: Madison County · 380,832 people
• City population: 220,435
• Metro: Huntsville, AL
• Population (ZIP): 30,710
• Household income: $103,901
• Rent vs Own: 12.4% rent · 87.6% own
• Severe rent burden: 174.0

Population outlook (Limestone County) Hauer SSP2

• Today (2025): 111,441 people
• By 2030: 121,272 · +8.8%
• By 2040: 140,705 · +26.3%
• By 2050: 159,069 · +42.7%
• By 2075: 202,231 · +81.5%
• By 2100: 230,608 · +106.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 60% Black 29% Two or more races 7% Hispanic / Latino 4% Asian 2%
• Common ancestry: Italian 2% Slovak 1% Serbian 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 3% Korean 1% Other Indo-European 1%

Political lean MEDSL · Limestone

• 2024 margin: Solid R (+43.9) · D 27.5% · R 71.4% · Other 1.2%
• 2008→2024 swing: -2.0pp toward R · 2008: -41.9pp · 2024: -43.9pp
• All cycles: 2024: R+43.9 2020: R+42.6 2016: R+49.5 2012: R+43.6 2008: R+41.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -16.54%
• Current HPI: 291.1184
• Rent YoY: ▲ 0.81%
• 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

+41.7% since first listed

25 events — show timeline

• 2026-05-18 Price Changed $339,900 VMLS
• 2026-05-15 Price Changed $344,900 VMLS
• 2026-05-05 Price Changed $348,000 VMLS
• 2026-05-01 Price Changed $357,000 VMLS
• 2026-04-19 Price Changed $359,000 VMLS
• 2026-04-01 Listed $365,000 VMLS
• 2025-02-10 Rental Removed $2,100 VMLS
• 2025-02-06 Price Changed $387,900 VMLS
• 2025-01-27 Price Changed $389,800 VMLS
• 2025-01-06 Price Changed $389,900 VMLS
• 2024-12-31 Listed for Rent $2,100 VMLS
• 2024-11-27 Price Changed $389,800 VMLS
• 2024-11-04 Price Changed $389,900 VMLS
• 2024-10-28 Price Changed $394,800 VMLS
• 2024-10-15 Price Changed $394,900 VMLS
• 2024-10-08 Price Changed $394,800 VMLS
• 2024-09-20 Price Changed $394,900 VMLS
• 2024-09-13 Price Changed $399,800 VMLS
• 2024-09-06 Price Changed $399,900 VMLS
• 2024-08-23 Listed $400,000 VMLS
• 2021-12-29 Sold (MLS) $334,900 VMLS
• 2021-11-15 Pending — VMLS
• 2021-09-28 Price Changed $334,900 VMLS
• 2021-09-04 Listed $350,000 VMLS
• 2008-08-04 Sold (Public Records) $239,900 Public Records

Property tax history

+4.5%/yr

Latest (2025): $1,080 · +6.1% YoY. Source: county tax records.