1008 Stones Throw Dr NW #1008 · Huntsville, AL 35806

$154,900

2 bd · 2.0 ba · 1,411 sqft · Condo · 120 Days on market

Built 1986 $110/sqft · 29% below area Est $217k · 29% under $195/mo HOA · 14% of rent

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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).

• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• Cash flow +7.9/30.0
• Livability +4.1/5.0
• 1% rule +4.0/10.0
• Rent growth +3.1/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• DSCR +1.9/10.0

Listing remarks MLS

Short sale subject to third party approval. Please do not disturb tenants. Showing will be scheduled once offer is accepted. Purchaser will need to repair external leak. There are also 2 different leak spots on the ceiling inside the property. 2 bedrooms and 2 full bathroom condo. 'Sold AS IS, WHERE IS.' All information to be verified by purchaser.

Key facts

• $195 HOA
• Built 1986
• Listed 120 days

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $155k.

Deal economics

• At list price, monthly cash flow is $-168 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $131k (15.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $139k (10.3% below list).
• Recommended offer: $131k (15.7% below list) — sets the bar for cash-flow.
• Cap rate 5.0% 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 (+2.6%/yr); 213 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $17k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

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 $130,600 (15.7% 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 120 days. Have you received any prior offers? Is the seller open to a 16% 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.90% ✗
• Cap rate: 4.99%
• Cash-on-cash: -4.65%
• DSCR: 0.79
• GRM: 9.3

CMA / ARV

• ARV (median comp): $217,134
• List price: $154,900
• Delta: -28.66%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 2.57% rent growth · sell at horizon

5-year hold

• IRR: 20.9%
• Equity multiple: 2.69×
• Total profit: $73,209
• Equity at exit: $139,546

10-year hold

• IRR: 18.9%
• Equity multiple: 6.14×
• Total profit: $223,087
• Equity at exit: $300,937

Cash invested: $43,372 (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 35806

• Home prices YoY: 20.0%
• Rents YoY: 2.6%
• Active inventory: 213
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,389 high
• Mortgage (P&I): −$812
• Tax est. 1.5%: −$194 /mo · $2,324/yr
• Insurance: −$65
• HOA: −$195
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $-168

Break-even live

Break-even rent $1,602

Max offer price $130,600

Occupancy floor —

Sensitivity live

Price	-10% $-61	-5% $-114	+0% $-168	+5% $-221	+10% $-275
Rent	-10% $-278	-5% $-223	+0% $-168	+5% $-113	+10% $-58
Rate	-1.0pp $-90	-0.5pp $-129	base $-168	+0.5pp $-208	+1.0pp $-249

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1002 Stones Throw Dr NW Unit 1 Huntsville, AL	1.0	1.0	976	$1,150	$1.18	45d	1	0.04mi
1085 Stones Throw Dr NW Unit 1 Huntsville, AL	2.0	2.0	1400	$1,225	$0.88	45d	1	0.05mi
1060 Sandy Springs Rd NW Huntsville, AL	3.0	2.0	1297	$1,700	$1.31	24d	1	0.11mi
1155 Old Monrovia Rd NW Unit I Huntsville, AL	2.0	2.0	1075	$1,295	$1.20	15d	1	0.12mi
1155 Old Monrovia Rd NW Huntsville, AL	1.0–2.0	1.0–2.0	950	$1,300	$1.37	15d	3	0.15mi
1155 Old Monrovia Rd NW Huntsville, AL	2.0	2.0	1050	$1,246	$1.19	22d	1	0.15mi
100 Chawston Ave NW Huntsville, AL	1.0–3.0	1.0–2.5	1133	$1,757	$1.55	15d	31	0.18mi
6644 Willow Pointe Dr NW Unit A Huntsville, AL	2.0	2.0	1044	$1,025	$0.98	15d	1	0.38mi
925 Makers Way NW Huntsville, AL	3.0	1.0–2.0	1072	$1,967	$1.83	24d	52	0.48mi
1100 Enterprise Way Huntsville, AL	1.0–3.0	1.0–2.0	1059	$1,599	$1.51	15d	35	0.49mi
5810 Stax St NW Huntsville, AL	3.0	1.0–2.0	1188	$2,175	$1.83	15d	237	0.51mi
6170 Kitt Ln NW Huntsville, AL	1.0–3.0	1.0–2.0	1031	$1,360	$1.32	15d	31	0.53mi
1325 Old Monrovia Rd NW Huntsville, AL	1.0–4.0	1.0–2.0	1262	$1,506	$1.19	15d	23	0.54mi
1908 Catchings Dr NW Huntsville, AL	3.0	2.0	1196	$1,295	$1.08	15d	1	0.55mi
5801 Sanderson St NW Huntsville, AL	1.0–3.0	1.0–2.0	1088	$1,564	$1.44	15d	14	0.68mi
6200 Rime Village Dr NW Huntsville, AL	3.0	1.0–2.0	1015	$1,364	$1.34	15d	45	0.73mi
1001 Cernan Dr NW Huntsville, AL	1.0–3.0	1.0–2.5	1011	$1,752	$1.73	15d	19	0.79mi
930 Blue Mound Ln NW Huntsville, AL	1.0–2.0	1.0–2.0	967	$1,640	$1.70	15d	19	0.80mi
4931 Cotton Row NW Unit C Huntsville, AL	2.0	1.5	995	$950	$0.95	45d	1	0.87mi
335 Culbertson Dr Huntsville, AL	1.0–3.0	1.0–3.0	1008	$1,942	$1.93	15d	1	0.89mi
650 Wynn Dr NW Huntsville, AL	1.0–2.0	1.0–2.0	820	$1,109	$1.35	15d	2	0.95mi
5001 Galaxy Way NW Huntsville, AL	1.0–2.0	1.0–2.0	796	$1,099	$1.38	24d	6	0.98mi
5001 7 Pine Cir Unit 1 Huntsville, AL	2.0	2.0	1060	$1,400	$1.32	45d	1	1.03mi
1505 Sparkman Dr NW Huntsville, AL	2.0–3.0	1.5–2.0	1150	$1,069	$0.93	22d	4	1.06mi
1725 Millican Pl NW Huntsville, AL	3.0	2.0	1200	$1,295	$1.08	45d	1	1.12mi
1601 Sparkman Dr NW Unit 108 Huntsville, AL	2.0	2.0	1072	$950	$0.89	45d	1	1.15mi
1535 Sparkman Dr NW Huntsville, AL	2.0	1.0–1.5	940	$1,169	$1.24	45d	1	1.15mi
1589 Old Monrovia Rd NW Huntsville, AL	2.0–3.0	2.5–3.5	1657	$1,899	$1.15	15d	17	1.16mi
1501 Old Monrovia Rd NW Huntsville, AL	1.0–3.0	1.0–2.0	948	$1,392	$1.47	15d	20	1.18mi
100 Rockcrest Dr NW Huntsville, AL	1.0–2.0	1.0–2.0	1000	$1,747	$1.75	15d	12	1.23mi
1503 Halston Cir NW Unit D Huntsville, AL	2.0	2.0	1030	$850	$0.83	45d	1	1.24mi
1510 Halston Cir NW Unit A Huntsville, AL	2.0	2.0	1000	$850	$0.85	45d	1	1.27mi
4810 Bradford Dr NW Huntsville, AL	2.0	1.0–2.0	898	$2,204	$2.45	15d	16	1.34mi
6500 Walden Run Huntsville, AL	1.0–3.0	1.0–2.0	1060	$1,385	$1.31	15d	104	1.35mi
1801 Carson Ln NW Huntsville, AL	3.0	3.0	1405	$2,000	$1.42	15d	1	1.35mi
1500 Sparkman Dr NW Huntsville, AL	1.0–2.0	1.0	725	$970	$1.34	45d	12	1.36mi
4515 Bonnell Dr NW Huntsville, AL	1.0–2.0	1.0–2.0	800	$1,099	$1.37	15d	8	1.44mi
4706 Whitehall Dr NW Huntsville, AL	3.0	2.0	1469	$1,550	$1.06	22d	1	1.45mi
149 Indian Creek Rd NW Huntsville, AL	1.0–2.0	1.0–2.0	921	$1,550	$1.68	15d	15	1.45mi
511 Delaney Rd NW Huntsville, AL	3.0	2.0	1550	$1,550	$1.00	45d	1	1.46mi

HOA detail condo

• Monthly dues: $195 · $2,340/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-18
   days on market $154,900 Active 120 DOM
2. 2026-06-17
   days on market $154,900 Active 119 DOM
3. 2026-06-16
   days on market $154,900 Active 118 DOM
4. 2026-06-15
   days on market $154,900 Active 117 DOM
5. 2026-06-14
   days on market $154,900 Active 115 DOM
6. 2026-06-10
   days on market $154,900 Active 112 DOM
7. 2026-06-09
   days on market $154,900 Active 111 DOM
8. 2026-06-08
   days on market $154,900 Active 110 DOM
9. 2026-06-07
   days on market $154,900 Active 109 DOM
10. 2026-06-03
    days on market $154,900 Active 105 DOM
11. 2026-06-02
    days on market $154,900 Active 104 DOM
12. 2026-06-01
    days on market $154,900 Active 103 DOM
13. 2026-05-31
    days on market $154,900 Active 102 DOM
14. 2026-05-30
    days on market $154,900 Active 101 DOM
15. 2026-02-18
    listed $154,900 Active 351-char remark

    Show marketing remark (351 chars)

    Short sale subject to third party approval. Please do not disturb tenants. Showing will be scheduled once offer is accepted. Purchaser will need to repair external leak. There are also 2 different leak spots on the ceiling inside the property. 2 bedrooms and 2 full bathroom condo. 'Sold AS IS, WHERE IS.' All information to be verified by purchaser.

16. 2025-06-18
    price $200,000
17. 2025-05-27
    price $206,000
18. 2025-05-09
    listed $209,850 Active
19. 2022-09-02
    soldstatus $195,000 Sold
20. 2022-07-12
    historical Contingent
21. 2022-07-07
    listed $175,000 Active
22. 2013-06-06
    soldstatus $94,900
23. 2012-10-19
    listed $94,900

ⓘ 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
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 27% chance of damaging wind over 30 yrs

Taxation est. · year 1

• Rental income: $16,672
• − Mortgage interest: −$8,677
• − Property taxes: −$2,324
• − Insurance: −$774
• − Repairs & maintenance: −$1,334
• − Management: −$1,334
• − HOA: −$2,340
• − Depreciation: −$4,506
• Taxable loss: −$4,617
• Est. tax savings @ 24.0%: +$1,108
• After-tax cash flow: $-907/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): 29,161
• Household income: $86,768
• Rent vs Own: 54.2% rent · 45.8% own
• Severe rent burden: 1249.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 58% Black 30% Hispanic / Latino 5% Two or more races 5% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Slovak 2% Italian 2% Serbian 2%
• Foreign-born: 7% · Canada, Vietnam, China
• Languages at home: 93% English-only · Spanish 2% Other Indo-European 1% Other Asian/Pacific 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: ▲ 71.67%
• Current HPI: 430.5866
• Rent YoY: ▲ 2.57%
• 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

+63.2% since first listed

9 events — show timeline

• 2026-02-18 Listed $154,900 VMLS
• 2025-06-18 Price Changed $200,000 VMLS
• 2025-05-27 Price Changed $206,000 VMLS
• 2025-05-09 Listed $209,850 VMLS
• 2022-09-02 Sold (MLS) $195,000 VMLS
• 2022-07-12 Contingent — VMLS
• 2022-07-07 Listed $175,000 VMLS
• 2013-06-06 Sold (MLS) $94,900 VMLS
• 2012-10-19 Listed $94,900 VMLS