3702 Broadmor Rd NW · Huntsville, AL 35806

$170,500

3 bd · 0.5 ba · 1,623 sqft · SingleFamily public records · 65 Days on market

Built 1959 $105/sqft · 6% below area Est $181k · 6% under ↓ 17% since listing

---

Why this score? — see what drove the B- 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 +21.7/30.0
• ARV discount +10.1/15.0
• Appreciation +10.0/10.0
• DSCR +6.9/10.0
• 1% rule +4.5/10.0
• Livability +4.1/5.0
• Rent growth +3.1/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Currently there is no sign in the yard Move-in ready and fully refreshed! This 3-bedroom, 1.5-bath home offers 1,623 sq ft with major updates already done for you—NEW roof, updated flooring, and fresh paint throughout. Step inside to a bright and spacious layout perfect for everyday living and entertaining. The large yard adds even more value, offering space to relax, host, or expand. Located in a convenient Huntsville area close to everything you need, this home is ideal for buyers looking for comfort, updates, and location all in one. A Home with this much value don’t last—schedule your showing today!

Key facts

• 2 parking spots
• Built 1959
• Listed 65 days

What this means for you Summary

Snapshot

• This is a 3-bed/0.5-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $261 ($3k/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 $162k (5.2% below list).
• Recommended offer: $160k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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.
• 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 lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $18k of equity ($1k loan paydown + $17k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 2.6% rent growth), your $48k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $20k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• 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 $160,270 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
7. 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.
8. 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: 0.95% ✗
• Cap rate: 8.13%
• Cash-on-cash: 6.56%
• DSCR: 1.29
• GRM: 8.8

CMA / ARV

• ARV (median comp): $180,829
• List price: $170,500
• Delta: -5.71%
• 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
3701 Broadmor Rd NW	0.05mi	3/2.0	1,627 (+0%)	1mo	$208,000	$128	91
3308 Barton St	0.20mi	3/2.0	1,589 (-2%)	3mo	$135,000	$85	78
2416 Redmont Rd NW	0.28mi	4/2.0 (+1)	1,629 (+0%)	2mo	$135,000	$83	74
3910 Shamrock Dr NW	0.40mi	4/2.0 (+1)	1,672 (+3%)	4mo	$230,000	$138	62
3015 Mallory Ave NW	0.51mi	3/2.0	1,698 (+5%)	2mo	$235,000	$138	61
2532 Brookline Dr	0.26mi	3/2.0	1,800 (+11%)	5mo	$232,500	$129	60
3508 Purdy Dr NW	0.29mi	4/2.0 (+1)	1,800 (+11%)	3mo	$230,000	$128	55
2107 Euclid Rd NW	0.60mi	3/2.0	1,520 (-6%)	3mo	$200,000	$132	53
2101 Euclid Rd NW	0.65mi	3/2.0	1,482 (-9%)	3mo	$218,000	$147	47
3406 Oakmont Ave	0.56mi	3/2.0	1,389 (-14%)	3mo	$199,995	$144	41
2904 Pulaski Pike NW	0.57mi	4/2.5 (+1)	1,835 (+13%)	1mo	$219,800	$120	38
1718 Hampton Dr	0.65mi	3/2.5	1,859 (+14%)	3mo	$125,000	$67	35

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 · 2.57% rent growth · sell at horizon

5-year hold

• IRR: 28.9%
• Equity multiple: 3.28×
• Total profit: $108,713
• Equity at exit: $153,600

10-year hold

• IRR: 25.0%
• Equity multiple: 7.40×
• Total profit: $305,528
• Equity at exit: $331,244

Cash invested: $47,740 (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: 8.8×

Monthly cashflow live

• Estimated rent: $1,616 high
• Mortgage (P&I): −$894
• Tax from tax record: −$51 /mo · $610/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $261

Break-even live

Break-even rent $1,286

Max offer price $170,500

Occupancy floor 79%

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: $42,625
• Closing costs: $5,115
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3721 Broadmor Rd NW Huntsville, AL	3.0	1.5	1423	$1,450	$1.02	44d	1	0.10mi
2215 Shady Lane Dr NW Huntsville, AL	4.0	1.0	1450	$1,500	$1.03	44d	1	0.18mi
2201 Shady Lane Dr NW Huntsville, AL	3.0	1.5	1472	$3,000	$2.04	44d	1	0.20mi
3309 Charleston Ave NW Huntsville, AL	3.0	2.0	1425	$1,375	$0.96	21d	1	0.25mi
3303 Barton Ave NW Huntsville, AL	3.0	2.0	1750	$1,600	$0.91	44d	1	0.27mi
2613 Skyline Dr NW Huntsville, AL	4.0	2.0	1572	$1,695	$1.08	23d	1	0.48mi
3406 Oakmont Ave NW Huntsville, AL	3.0	2.0	1389	$1,600	$1.15	44d	1	0.56mi
2002 Laverne Dr NW Huntsville, AL	3.0	1.5	1165	$1,100	$0.94	23d	1	0.57mi
2508 Piney Branch Rd NW Huntsville, AL	3.0	1.5	1205	$1,385	$1.15	44d	1	0.57mi
3203 Dyas Dr NW Huntsville, AL	3.0	2.0	1346	$2,100	$1.56	23d	1	0.58mi
4700 Sparkman Dr NW Huntsville, AL	3.0	1.5	1554	$1,350	$0.87	23d	1	0.58mi
3616 Hester Ln NW Huntsville, AL	4.0	2.0	1650	$1,350	$0.82	44d	1	0.59mi
2505 Piney Branch Rd NW Huntsville, AL	3.0	1.5	1222	$1,300	$1.06	23d	1	0.59mi
4214 Fortson Ln NW Huntsville, AL	3.0	2.0	1308	$1,395	$1.07	44d	1	0.64mi
3614 Wilbur Ave NW Huntsville, AL	3.0	1.5	1196	$1,420	$1.19	23d	1	0.70mi
3306 Reynolds Dr NW Huntsville, AL	3.0	2.0	1636	$1,800	$1.10	23d	1	0.72mi
4216 Chalet Cir NW Huntsville, AL	3.0	2.0	1296	$1,500	$1.16	23d	1	0.73mi
3304 Caywood Dr NW Huntsville, AL	3.0	1.5	1300	$1,475	$1.13	23d	1	0.75mi
2706 Norton Ave NW Huntsville, AL	3.0	2.0	1127	$1,098	$0.97	44d	1	0.80mi
3100 Gayhart Dr NW Huntsville, AL	3.0	1.0	1050	$1,298	$1.24	44d	1	0.82mi
3415 Mimosa Ln NW Huntsville, AL	3.0	2.0	1320	$1,590	$1.20	44d	1	0.82mi
2502 Hill St NW Huntsville, AL	3.0	1.0	1288	$1,200	$0.93	44d	1	0.86mi
3803 Mastin Lake Rd NW Huntsville, AL	3.0	1.0	1103	$1,295	$1.17	44d	1	0.90mi
2803 Hester Ln NW Huntsville, AL	3.0	1.5	1224	$1,400	$1.14	23d	1	0.93mi
3505 Mastin Lake Rd NW Huntsville, AL	3.0	2.0	1376	$2,000	$1.45	44d	1	0.95mi
3606 Crestmore Ave NW Huntsville, AL	4.0	2.0	1275	$1,400	$1.10	21d	1	0.97mi
3503 Crestmore Cir NW Huntsville, AL	3.0	2.0	2115	$1,475	$0.70	14d	1	1.02mi
3423 Rosedale Dr NW Huntsville, AL	3.0	1.0	1145	$1,000	$0.87	44d	1	1.09mi
2416 Hanover Dr NW Huntsville, AL	3.0	2.0	1300	$1,395	$1.07	44d	1	1.11mi
3205 Lewisburg Dr NW Huntsville, AL	3.0	2.0	1408	$1,600	$1.14	23d	1	1.21mi
3304 Buttrey Dr NW Huntsville, AL	4.0	2.0	1656	$1,681	$1.02	23d	1	1.21mi
4706 Whitehall Dr NW Huntsville, AL	3.0	2.0	1469	$1,550	$1.06	21d	1	1.24mi
1601 Armstrong St NW Huntsville, AL	3.0	1.0	1200	$1,195	$1.00	44d	1	1.31mi
6008 Ellington Rd NW Huntsville, AL	4.0	2.5	1845	$1,595	$0.86	44d	1	1.33mi
3013 Kirkland Dr NW Huntsville, AL	3.0	1.5	1324	$1,295	$0.98	44d	1	1.33mi
2601 Blue Spring Rd NW Huntsville, AL	3.0	1.5	1700	$1,350	$0.79	23d	1	1.34mi
6015 Kimbrell Ln NW Huntsville, AL	4.0	2.5	1958	$2,300	$1.17	44d	1	1.38mi
1801 Carson Ln NW Huntsville, AL	3.0	3.0	1405	$2,000	$1.42	14d	1	1.40mi
2640 Blue Spring Rd NW Huntsville, AL	1.0–3.0	1.0–2.0	944	$1,149	$1.22	44d	3	1.43mi
2801 Penland Ave NW Huntsville, AL	3.0	2.0	1650	$1,450	$0.88	23d	1	1.48mi

Listing history 17 events

1. 2026-06-14
   pricedays on market $170,500 Pending 65 DOM
2. 2026-06-09
   status $182,500 Pending 63 DOM
3. 2026-06-08
   days on market $182,500 Active 63 DOM
4. 2026-06-07
   pricedays on market $182,500 Active 62 DOM
5. 2026-06-03
   days on market $187,500 Active 58 DOM
6. 2026-06-02
   days on market $187,500 Active 57 DOM
7. 2026-06-01
   days on market $187,500 Active 56 DOM
8. 2026-05-31
   days on market $187,500 Active 55 DOM
9. 2026-05-30
   days on market $187,500 Active 54 DOM
10. 2026-05-19
    price $187,500 630-char remark

    Show marketing remark (630 chars)

    Currently there is no sign in the yard Move-in ready and fully refreshed! This 3-bedroom, 1.5-bath home offers 1,623 sq ft with major updates already done for you—NEW roof, updated flooring, and fresh paint throughout. Step inside to a bright and spacious layout perfect for everyday living and entertaining. The large yard adds even more value, offering space to relax, host, or expand. Located in a convenient Huntsville area close to everything you need, this home is ideal for buyers looking for comfort, updates, and location all in one. A Home with this much value don’t last—schedule your showing today!

11. 2026-05-05
    price $188,000 630-char remark

    Show marketing remark (630 chars)

    Currently there is no sign in the yard Move-in ready and fully refreshed! This 3-bedroom, 1.5-bath home offers 1,623 sq ft with major updates already done for you—NEW roof, updated flooring, and fresh paint throughout. Step inside to a bright and spacious layout perfect for everyday living and entertaining. The large yard adds even more value, offering space to relax, host, or expand. Located in a convenient Huntsville area close to everything you need, this home is ideal for buyers looking for comfort, updates, and location all in one. A Home with this much value don’t last—schedule your showing today!

12. 2026-04-29
    price $189,000 630-char remark

    Show marketing remark (630 chars)

    Currently there is no sign in the yard Move-in ready and fully refreshed! This 3-bedroom, 1.5-bath home offers 1,623 sq ft with major updates already done for you—NEW roof, updated flooring, and fresh paint throughout. Step inside to a bright and spacious layout perfect for everyday living and entertaining. The large yard adds even more value, offering space to relax, host, or expand. Located in a convenient Huntsville area close to everything you need, this home is ideal for buyers looking for comfort, updates, and location all in one. A Home with this much value don’t last—schedule your showing today!

13. 2026-04-06
    listed $190,000 Active 630-char remark

    Show marketing remark (630 chars)

    Currently there is no sign in the yard Move-in ready and fully refreshed! This 3-bedroom, 1.5-bath home offers 1,623 sq ft with major updates already done for you—NEW roof, updated flooring, and fresh paint throughout. Step inside to a bright and spacious layout perfect for everyday living and entertaining. The large yard adds even more value, offering space to relax, host, or expand. Located in a convenient Huntsville area close to everything you need, this home is ideal for buyers looking for comfort, updates, and location all in one. A Home with this much value don’t last—schedule your showing today!

14. 2026-02-04
    status Active
15. 2025-09-30
    price $204,000
16. 2025-09-11
    price $210,900
17. 2025-08-15
    listed $224,998 Active

ⓘ 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: $610 · $51/mo
• Projected year-2 tax: $699 · $58/mo
• Expected delta: +$89/yr (+$7/mo · 14.7%)

ⓘ 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 5/10 Major 7 d/yr ≥105°F today · 19 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: $19,398
• − Mortgage interest: −$9,551
• − Property taxes: −$610
• − Insurance: −$852
• − Repairs & maintenance: −$1,552
• − Management: −$1,552
• − Depreciation: −$4,960
• Taxable income: $321
• Est. tax owed @ 24.0%: −$77
• After-tax cash flow: $3,055/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

-16.7% since first listed

8 events — show timeline

• 2026-05-19 Price Changed $187,500 VMLS
• 2026-05-05 Price Changed $188,000 VMLS
• 2026-04-29 Price Changed $189,000 VMLS
• 2026-04-06 Listed $190,000 VMLS
• 2026-02-04 Relisted — VMLS
• 2025-09-30 Price Changed $204,000 VMLS
• 2025-09-11 Price Changed $210,900 VMLS
• 2025-08-15 Listed $224,998 VMLS

Property tax history

+8.6%/yr

Latest (2024): $610 · +0.0% YoY. Source: county tax records.