7002 Marsden Way SE · Huntsville, AL 35748

$363,130

3 bd · 2.0 ba · 1,892 sqft · SingleFamily · 53 Days on market

8,276 sqft lot $192/sqft · at area comps Est $364k · at est. $50/mo HOA · 2% 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).

• Appreciation +10.0/10.0
• Cash flow +7.7/30.0
• ARV discount +7.6/15.0
• Livability +4.1/5.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +1.8/10.0

Listing remarks MLS

* 2/1 buydown with rate as low as 3.99% for the first 12 months. Contact Builder Sales Rep(s) for current incentive details. * The VIOLET IV G in Crystal Creek community offers a 3 bedroom, 2 full bathroom, open and split design with computer nook. Upgrades for this home include undercabinet lighting, upgraded kitchen backsplash, wood flooring, wood look ceramic tile flooring, upgraded granite countertops, gas fireplace with granite surround, and more! Features: double vanity, garden tub, separate custom tiled shower, and walk-in closet (opens to laundry) in master bath, double vanity in 2nd bath, kitchen island, pantry, covered porches, undermount sinks, custom kitchen backsplash, LED lighting, crown molding, framed mirrors in all baths, smart connect WIFI thermostat, landscaping with stone edging, gutters, downspouts, stone address blocks, and more! Energy Efficient Features: tankless gas water heater, gas kitchen appliance package, vinyl low E-3 tilt-in windows, and more!

Key facts

• Double vanity
• Computer nook
• Walk-in closet

Tags

• COMPUTER NOOK
• DOUBLE VANITY
• GARDEN TUB
• CUSTOM TILED SHOWER
• WALK-IN CLOSET
• KITCHEN ISLAND

Property features AI

Finance

• Other: Living area reported as 1,892 square feet; Lot approximately 0.19 acres (60 x 139); Property listed as residential single-family in Crystal Creek
• Financial info: No additional financial details provided
• HOA & community: Homeowners association with annual fee of $600; Community pool; Community features include curbs, lake, sidewalks, and street lights; Subdivision: Crystal Creek

Exterior

• Parking: Attached two-car garage with automatic opener, garage faces front
• Security: No specific security features listed
• Utilities: Public sewer; Public water; Electric service; Natural gas
• Home design: Single-family residence; One story; New construction
• Construction: Brick construction; Slab foundation; Shingle roof barrier (Radian) indicated
• Exterior features: Curb and gutters; Sidewalks; Underground utilities; Concrete driveway; Covered porch; Covered patio; Public water

Interior

• Kitchen: Dishwasher; Microwave; Gas oven; Garbage disposal; Other kitchen features noted
• Bedrooms: Bedrooms not specified
• Flooring: Flooring details not specified
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central cooling (electric)
• Interior features: Fireplace (one); HERS Index Score verification noted; Radian roof barrier (energy efficient)
• Laundry & utility: Tankless water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $363k.

Deal economics

• At list price, monthly cash flow is $-427 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $301k (17.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $270k (25.6% below list).
• Recommended offer: $270k (25.6% below list) — sets the bar for 1% rule.
• Cap rate 4.9% vs local median 3.8% in Huntsville — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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.
• Madison County (rural): math 27% / reading 56% proficiency, ranked #19 of 129 in AL (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Madison County Elementary School (math 17% / reading 47%, grade F, #331 of 627 statewide, top 57%, 412 students, 59% FRL); Madison County High School (math 32% / reading 42%, grade F, #39 of 305 statewide, top 13%, 483 students, 35% FRL) — zoned schools average 47% FRL vs 29% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 183 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $39k of equity ($3k loan paydown + $36k 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 2, paydown + projected appreciation supports a ~$62k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($352k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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: moderate wind risk, 24% chance of damaging wind over 30y; extreme-heat days projected 8→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $270,000 (25.6% 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 53 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. 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: 0.74% ✗
• Cap rate: 4.88%
• Cash-on-cash: -5.03%
• DSCR: 0.78
• GRM: 11.2

CMA / ARV

• ARV (median comp): $364,096
• List price: $363,130
• Delta: -0.27%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7001 Marsden Way SE	0.03mi	3/2.0	1,858 (-2%)	3mo	$366,204	$197	93
7008 Marsden Way SE	0.03mi	3/2.0	1,858 (-2%)	3mo	$364,603	$196	93
8826 Old Middlestown Rd SE	0.03mi	3/2.0	1,858 (-2%)	3mo	$362,179	$195	93
8845 Old Middlestown Rd SE	0.09mi	3/2.0	1,858 (-2%)	2mo	$364,530	$196	91
8843 Old Middlestown Rd SE	0.08mi	3/2.0	1,953 (+3%)	1mo	$368,860	$189	90
8839 Old Middlestown Rd SE	0.06mi	3/2.0	1,953 (+3%)	2mo	$360,807	$185	90
8824 Old Middlestown Rd SE	0.04mi	3/2.0	1,779 (-6%)	1mo	$357,348	$201	88
9038 Mountain Preserve Blvd	0.25mi	3/2.0	1,920 (+2%)	2mo	$347,000	$181	84
9014 Mountain Preserve Blvd SE	0.38mi	3/2.0	1,918 (+1%)	2mo	$335,000	$175	78
8516 Sophia Nicolle Ct SE	0.31mi	4/3.0 (+1)	2,019 (+7%)	1mo	$375,900	$186	64
7104 Raquel Cir SE	0.36mi	4/3.0 (+1)	2,019 (+7%)	1mo	$383,520	$190	62
7105 Raquel Cir SE	0.34mi	4/3.0 (+1)	2,019 (+7%)	3mo	$373,900	$185	62

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.7%
• Equity multiple: 2.68×
• Total profit: $170,677
• Equity at exit: $327,136

10-year hold

• IRR: 18.8%
• Equity multiple: 6.15×
• Total profit: $524,120
• Equity at exit: $705,482

Cash invested: $101,676 (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 35748

• Home prices YoY: 4.0%
• Active inventory: 183
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $2,700 medium
• Mortgage (P&I): −$1,904
• Tax est. 1.5%: −$454 /mo · $5,447/yr
• Insurance: −$151
• HOA: −$50
• Vacancy / Maint / Mgmt: −$567
• Net cashflow: $-427

Break-even live

Break-even rent $3,240

Max offer price $301,413

Occupancy floor —

Sensitivity live

Price	-10% $-176	-5% $-301	+0% $-427	+5% $-552	+10% $-677
Rent	-10% $-640	-5% $-533	+0% $-427	+5% $-320	+10% $-213
Rate	-1.0pp $-244	-0.5pp $-334	base $-427	+0.5pp $-521	+1.0pp $-616

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: $90,782
• Closing costs: $10,894
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9041 Mountain Preserve Blvd SE Gurley, AL	3.0	2.0	1833	$2,700	$1.47	15d	1	0.25mi

HOA detail

• Monthly dues: $50 · $600/yr
• Likely covers: watergasinternetlandscaping

Listing history 17 events

1. 2026-06-22
   days on market $363,130 Active 53 DOM
2. 2026-06-18
   days on market $363,130 Active 50 DOM
3. 2026-06-17
   days on market $363,130 Active 49 DOM
4. 2026-06-16
   days on market $363,130 Active 48 DOM
5. 2026-06-15
   days on market $363,130 Active 47 DOM
6. 2026-06-14
   days on market $363,130 Active 45 DOM
7. 2026-06-10
   days on market $363,130 Active 42 DOM
8. 2026-06-09
   days on market $363,130 Active 41 DOM
9. 2026-06-08
   days on market $363,130 Active 40 DOM
10. 2026-06-07
    days on market $363,130 Active 39 DOM
11. 2026-06-03
    days on market $363,130 Active 35 DOM
12. 2026-06-02
    days on market $363,130 Active 34 DOM
13. 2026-06-01
    days on market $363,130 Active 33 DOM
14. 2026-05-31
    days on market $363,130 Active 32 DOM
15. 2026-05-30
    days on market $363,130 Active 31 DOM
16. 2026-04-29
    listed $363,130 Active 991-char remark

    Show marketing remark (991 chars)

    * 2/1 buydown with rate as low as 3.99% for the first 12 months. Contact Builder Sales Rep(s) for current incentive details. * The VIOLET IV G in Crystal Creek community offers a 3 bedroom, 2 full bathroom, open and split design with computer nook. Upgrades for this home include undercabinet lighting, upgraded kitchen backsplash, wood flooring, wood look ceramic tile flooring, upgraded granite countertops, gas fireplace with granite surround, and more! Features: double vanity, garden tub, separate custom tiled shower, and walk-in closet (opens to laundry) in master bath, double vanity in 2nd bath, kitchen island, pantry, covered porches, undermount sinks, custom kitchen backsplash, LED lighting, crown molding, framed mirrors in all baths, smart connect WIFI thermostat, landscaping with stone edging, gutters, downspouts, stone address blocks, and more! Energy Efficient Features: tankless gas water heater, gas kitchen appliance package, vinyl low E-3 tilt-in windows, and more!

17. 2026-04-29
    listed $363,130 Active 686-char remark

    Show marketing remark (991 chars)

    * 2/1 buydown with rate as low as 3.99% for the first 12 months. Contact Builder Sales Rep(s) for current incentive details. * The VIOLET IV G in Crystal Creek community offers a 3 bedroom, 2 full bathroom, open and split design with computer nook. Upgrades for this home include undercabinet lighting, upgraded kitchen backsplash, wood flooring, wood look ceramic tile flooring, upgraded granite countertops, gas fireplace with granite surround, and more! Features: double vanity, garden tub, separate custom tiled shower, and walk-in closet (opens to laundry) in master bath, double vanity in 2nd bath, kitchen island, pantry, covered porches, undermount sinks, custom kitchen backsplash, LED lighting, crown molding, framed mirrors in all baths, smart connect WIFI thermostat, landscaping with stone edging, gutters, downspouts, stone address blocks, and more! Energy Efficient Features: tankless gas water heater, gas kitchen appliance package, vinyl low E-3 tilt-in windows, and more!

ⓘ 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
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 8 d/yr ≥103°F today · 24 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,400
• − Mortgage interest: −$20,341
• − Property taxes: −$5,447
• − Insurance: −$1,816
• − Repairs & maintenance: −$2,592
• − Management: −$2,592
• − HOA: −$600
• − Depreciation: −$10,564
• Taxable loss: −$11,551
• Est. tax savings @ 24.0%: +$2,772
• After-tax cash flow: $-2,346/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: Madison County
• NCES district ID: 0102220
• Math proficiency: 27% ▼ -32.00%
• Reading proficiency: 56% ▼ -1.00%
• Median HH income: $66,058
• Composite: 37.15/100
• National rank: #4483
• State rank: #19 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
• City population: 220,435
• Population (ZIP): 7,311

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 White (92%)
• Race & ethnicity: White 92% Two or more races 3% Black 3%
• Common ancestry: Lithuanian 5% Slovak 4% Italian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · French/Haitian/Cajun 1% Other Indo-European 1% Tagalog/Filipino 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: ▲ 13.02%
• Current HPI: 337.7613
• Rent YoY: —
• Metro: —
• 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

+0.0% since first listed

2 events — show timeline

• 2026-04-29 Listed $363,130 Zillow
• 2026-04-29 Listed $363,130 VMLS