135 Whitestone Dr · Huntsville, AL 35810

$186,000

3 bd · 1.0 ba · 1,594 sqft · SingleFamily public records · 12 Days on market

Built 2007 0.35 ac lot Est $238k · 22% under $8/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 +15.0/15.0
• Cash flow +14.4/30.0
• DSCR +4.4/10.0
• Livability +4.1/5.0
• 1% rule +3.4/10.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Living Room, kitchen, 1/2 bath downstairs. Privacy fenced back yard. Large master with large walk in closet. Property eligible under FMAC First Look Initiative through 11/01/12. ALL FACTS AND MEASUREMENTS TBV BY PURCHASER. STRONGLY ENCOURAGED TO HAVE PROOF OF FUNDS AND PRE-APPROVAL LETTER FROM INTENDED FINANCING SOURCE AND EM IN CERTIFIED FUNDS WITH OFFER. Offer must specify if purchaser is investor or to be owner occupied. After making offer, allow 2 business days to receive a response.

Key facts

• Half bath
• Kitchen
• Walk-in closet

Tags

• LIVING ROOM
• KITCHEN
• GREAT ROOM
• HALF BATH
• WALK-IN CLOSET
• OPEN LANDING

Property features AI

Finance

• HOA & community: Homeowners association with $90 annual fee; Subdivision: Alderbrook; Street lights in community

Exterior

• Parking: Carport (1 space)
• Utilities: Public sewer; Public water
• Home design: Single-family residence; Residential property; Built in 2007; Not new construction
• Construction: Slab foundation; See remarks for foundation details
• Exterior features: Patio; Sidewalk; Underground utilities; Concrete driveway; Public water

Interior

• Kitchen: Range; Dishwasher; Disposal; Electric water heater
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Two levels; Patio; Sidewalk; Underground utilities; Concrete driveway

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $186k.

Deal economics

• At list price, monthly cash flow is $38 ($458/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 $156k (16.0% below list).
• Recommended offer: $156k (16.0% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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.
• 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 soft (-0.1%/yr); 340 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 46% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).
• This rent runs 37% of the median local income ($51k/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

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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.
• Current owner paid $55k; list at $186k implies a 238% gain — meaningful room to come down on a strong offer.

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 $156,214 (16.0% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.84% ✗
• Cap rate: 6.54%
• Cash-on-cash: 0.88%
• DSCR: 1.04
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $237,506
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
145 Dormont Dr NE	0.07mi	3/2.0	1,520 (-5%)	2mo	$195,000	$128	83
127 Whitestone Dr NE	0.04mi	3/2.5	1,655 (+4%)	6mo	$204,900	$124	81
147 Whitestone Dr NE	0.06mi	3/2.5	1,594 (0%)	15mo	$215,000	$135	79
102 Whitestone Dr	0.16mi	3/2.5	1,812 (+14%)	5mo	$209,900	$116	59
208 Valleyside Dr	0.36mi	3/2.0	1,531 (-4%)	17mo	$212,500	$139	58
265 Valleyside Dr	0.46mi	3/2.0	1,434 (-10%)	1mo	$225,000	$157	57
310 Mertle Dr NE	0.41mi	3/2.0	1,503 (-6%)	13mo	$234,900	$156	57
219 Valleyside Dr	0.39mi	3/2.0	1,533 (-4%)	19mo	$230,000	$150	55
259 Valleyside Dr	0.46mi	3/1.5	1,454 (-9%)	12mo	$225,000	$155	51
341 Mertle Dr	0.46mi	3/2.0	1,500 (-6%)	17mo	$209,000	$139	51
334 Mertle Dr	0.43mi	3/2.0	1,457 (-9%)	14mo	$220,000	$151	50
207 Valleyside Dr	0.39mi	3/2.0	1,379 (-14%)	18mo	$205,000	$149	41

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -18.1%
• Equity multiple: 0.38×
• Total profit: $-32,318
• Equity at exit: $27,733

10-year hold

• IRR: -17.1%
• Equity multiple: 0.18×
• Total profit: $-42,830
• Equity at exit: $16,082

Cash invested: $52,080 (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 35810

• Home prices YoY: -23.5%
• Rents YoY: -0.1%
• Active inventory: 340
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,562 high
• Mortgage (P&I): −$975
• Tax from tax record: −$135 /mo · $1,620/yr
• Insurance: −$78
• HOA: −$8
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $38

Break-even live

Break-even rent $1,514

Max offer price $186,000

Occupancy floor 93%

Sensitivity live

Price	-10% $143	-5% $91	+0% $38	+5% $-14	+10% $-67
Rent	-10% $-85	-5% $-24	+0% $38	+5% $100	+10% $162
Rate	-1.0pp $132	-0.5pp $85	base $38	+0.5pp $-10	+1.0pp $-59

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: $46,500
• Closing costs: $5,580
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
114 Whitestone Dr NE Huntsville, AL	3.0	2.0	1784	$1,356	$0.76	45d	1	0.09mi
148 Whitestone Dr NE Huntsville, AL	3.0	2.0	1594	$1,550	$0.97	25d	1	0.09mi
200 Whitestone Dr NE Huntsville, AL	3.0	2.0	1300	$1,525	$1.17	45d	1	0.14mi
228 Dormont Dr NE Huntsville, AL	3.0	2.0	1328	$1,745	$1.31	25d	1	0.26mi
202 Valleyside Dr NE Huntsville, AL	3.0	2.0	2099	$1,585	$0.76	25d	1	0.34mi
2032 Ricky Rd NW Huntsville, AL	4.0	2.0	1181	$1,523	$1.29	23d	1	0.77mi
133 Ann Bradley Dr Huntsville, AL	3.0	2.0	1140	$1,606	$1.41	45d	1	0.87mi
123 Ann Bradley Dr Huntsville, AL	3.0	2.0	1165	$1,500	$1.29	45d	1	0.96mi
2212 Ricky Rd NW Huntsville, AL	3.0	2.0	1539	$1,400	$0.91	25d	1	1.05mi
2117 Atkins Dr NW Huntsville, AL	3.0	2.0	1250	$1,699	$1.36	25d	1	1.19mi
6214 Belgrade Dr NW Huntsville, AL	3.0	1.5	1350	$1,095	$0.81	45d	1	1.31mi
6207 Belgrade Dr NW Huntsville, AL	3.0	1.5	1050	$1,395	$1.33	46d	1	1.34mi
2200 Norwood Dr NW Huntsville, AL	3.0	1.0	1060	$1,150	$1.08	25d	1	1.40mi

HOA detail

• Monthly dues: $8 · $96/yr

Listing history 8 events

1. 2026-06-22
   days on market $186,000 Active 12 DOM
2. 2026-06-18
   days on market $186,000 Active 9 DOM
3. 2026-06-17
   days on market $186,000 Active 8 DOM
4. 2026-06-16
   days on market $186,000 Active 7 DOM
5. 2026-06-15
   days on market $186,000 Active 6 DOM
6. 2026-06-14
   days on market $186,000 Active 4 DOM
7. 2026-06-10
   remarks 525-char remark
8. 2026-06-10
   listed $186,000 Active 1 DOM

ⓘ 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: $1,620 · $135/mo
• Projected year-2 tax: $1,620 · $135/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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 20 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: $18,746
• − Mortgage interest: −$10,419
• − Property taxes: −$1,620
• − Insurance: −$930
• − Repairs & maintenance: −$1,500
• − Management: −$1,500
• − HOA: −$96
• − Depreciation: −$5,411
• Taxable loss: −$2,729
• Est. tax savings @ 24.0%: +$655
• After-tax cash flow: $1,113/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): 32,843
• Household income: $51,233
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1223.0

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: Predominantly Black (69%)
• Race & ethnicity: Black 69% White 18% Hispanic / Latino 9% Two or more races 5%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Dominican 2%
• Common ancestry: Italian 2% Lithuanian 0%
• Foreign-born: 6% · Canada
• Languages at home: 92% English-only · Spanish 7%

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: ▼ -61.00%
• Current HPI: 198.9629
• Rent YoY: ▬ -0.05%
• 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

+117.5% since first listed

4 events — show timeline

• 2026-06-09 Listed $186,000 VMLS
• 2013-01-28 Sold (MLS) $55,000 VMLS
• 2012-10-18 Listed $54,900 VMLS
• 2012-04-11 Sold (Public Records) $85,500 Public Records

Property tax history

+9.0%/yr

Latest (2024): $1,620 · +2.3% YoY. Source: county tax records.