238 Victory Ln NE · Huntsville, AL 35811

$114,900

4 bd · 1.0 ba · 1,032 sqft · SingleFamily public records · 179 Days on market

Built 1959 Fair condition 9,583 sqft lot $111/sqft · 21% below area Est $155k · 26% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• Rent growth +4.2/5.0
• Livability +4.1/5.0
• Condition / age +2.2/5.0
• Schools +1.8/10.0
• Appreciation +1.4/10.0

Listing remarks MLS

Great starter home or investment property. House is being Sold AS IS, house needs some TLC.

Key facts

• Spacious backyard
• Level lot
• Northeast huntsville

Tags

• LEVEL LOT
• SPACIOUS BACKYARD
• NORTHEAST HUNTSVILLE
• QUICK ACCESS TO PARKWAY
• LOCAL SCHOOLS
• SHOPPING

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $115k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $446 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.9% 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); Huntsville Junior High School (math 20% / reading 45%, grade F, #105 of 257 statewide, top 42%, 418 students, 38% FRL); Lee High School (math 2% / reading 17%, grade F, #252 of 305 statewide, top 84%, 840 students, 77% FRL) — zoned schools average 68% FRL vs 46% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 18% at this address vs 34% district-wide (-16 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 rising fast (+6.8%/yr); 915 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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

• Local home prices are declining (-3.0%/yr); year-one equity from $794 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 6.8% rent growth), your $32k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 179 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $35k (23%) 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 $101,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 179 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.26% ✓
• Cap rate: 10.95%
• Cash-on-cash: 16.62%
• DSCR: 1.74
• GRM: 6.6

CMA / ARV

• ARV (median comp): $154,904
• List price: $114,900
• Delta: -25.82%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3820 Colton Ln	0.08mi	4/1.5	1,098 (+6%)	17mo	$170,000	$155	70
3807 Melody Rd NE	0.04mi	3/1.0 (-1)	920 (-11%)	7mo	$151,000	$164	69
3829 Crane Dr	0.22mi	4/2.0	1,128 (+9%)	2mo	$105,000	$93	68
112 Wilkenson Dr NE	0.37mi	3/1.0 (-1)	1,023 (-1%)	11mo	$155,000	$152	67
106 Whitney Ave NE	0.39mi	3/1.0 (-1)	970 (-6%)	4mo	$100,000	$103	63
203 Victory Ln NE	0.20mi	3/1.0 (-1)	925 (-10%)	12mo	$166,000	$179	58

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 · 6.81% rent growth · sell at horizon

5-year hold

• IRR: 11.6%
• Equity multiple: 1.48×
• Total profit: $15,475
• Equity at exit: $17,132

10-year hold

• IRR: 23.3%
• Equity multiple: 3.34×
• Total profit: $75,399
• Equity at exit: $9,934

Cash invested: $32,172 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 12 active · 5 under contract
• Months of supply: 18.0 mo (6%/mo absorbed)
• Median asking: $144,950 ($162/sqft)
• Median days on market: 178 d
• This list price: 17% of active listings are priced below it
• ARV vs active asking: -7.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 35811

• Home prices YoY: -2.1%
• Rents YoY: 6.8%
• Active inventory: 915
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,445 high
• Mortgage (P&I): −$603
• Tax from tax record: −$46 /mo · $551/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $446

Break-even live

Break-even rent $881

Max offer price $114,900

Occupancy floor 64%

Sensitivity live

Price	-10% $511	-5% $478	+0% $446	+5% $413	+10% $381
Rent	-10% $331	-5% $388	+0% $446	+5% $503	+10% $560
Rate	-1.0pp $503	-0.5pp $475	base $446	+0.5pp $416	+1.0pp $386

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: $28,725
• Closing costs: $3,447
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3808 Colton Ln NE Huntsville, AL	3.0	1.0	864	$1,100	$1.27	10d	1	0.08mi
3836 Melody Rd NE Huntsville, AL	3.0	1.0	1025	$1,100	$1.07	10d	1	0.11mi
112 Wilkenson Dr NE Huntsville, AL	3.0	1.0	1023	$1,300	$1.27	10d	1	0.37mi
106 Whitney Ave NE Huntsville, AL	3.0	1.0	970	$1,198	$1.24	51d	1	0.39mi
113 Whitney Ave NE Huntsville, AL	4.0	1.0	1260	$1,700	$1.35	44d	1	0.40mi
113 Whitney Ave NE Huntsville, AL	4.0	1.0	1260	$1,500	$1.19	11d	1	0.40mi
113 Whitney Ave NE Huntsville, AL	4.0	1.0	1260	$1,500	$1.19	10d	1	0.40mi
3101 Meridian St N Huntsville, AL	3.0	1.0	1189	$1,275	$1.07	2d	1	0.92mi
4130 High Mountain Rd NE Huntsville, AL	1.0–3.0	1.0–2.0	1119	$2,061	$1.84	184d	129	1.00mi
427 S Edgemont Cir NW Huntsville, AL	3.0	1.5	1290	$1,375	$1.07	10d	1	1.05mi
325 S Plymouth Rd NW Huntsville, AL	3.0	2.0	1200	$1,400	$1.17	10d	1	1.05mi
3606 Lakewood Rd NW Huntsville, AL	3.0	1.5	1408	$1,400	$0.99	184d	1	1.10mi
4005 Memorial Pkwy NW Huntsville, AL	3.0	1.0	1100	$1,375	$1.25	184d	1	1.13mi
3707 Lakewood Dr NW Huntsville, AL	3.0	1.0	1100	$1,100	$1.00	184d	1	1.14mi
3907 Memorial Pkwy NW Huntsville, AL	4.0	1.5	1480	$1,500	$1.01	10d	1	1.16mi
4504 Force Dr NW Huntsville, AL	4.0	2.0	1198	$1,400	$1.17	51d	1	1.16mi
2113 Norris Rd NW Huntsville, AL	3.0	1.0	1372	$1,350	$0.98	10d	1	1.30mi
2117 Griffith Dr NW Huntsville, AL	3.0	1.0	1000	$1,095	$1.09	164d	1	1.32mi
611 Ofallon Rd NW Huntsville, AL	3.0	2.0	1350	$3,500	$2.59	51d	1	1.38mi
2135 Guava Cir NW Huntsville, AL	3.0	1.0	1048	$975	$0.93	10d	1	1.39mi
2117 Atkins Dr NW Huntsville, AL	3.0	2.0	1250	$1,699	$1.36	164d	1	1.41mi
514 Lisa Ln NW Huntsville, AL	3.0	2.0	1170	$1,450	$1.24	10d	1	1.42mi
2131 Griffith Dr NW Huntsville, AL	3.0	1.0	1012	$1,135	$1.12	10d	1	1.42mi
3901 Kenwood Dr NW Huntsville, AL	3.0	1.5	1200	$1,403	$1.17	28d	1	1.42mi
621 Murray Rd NW Huntsville, AL	3.0	1.5	1008	$1,325	$1.31	154d	1	1.43mi
3058 Boswell Dr NW Huntsville, AL	4.0	2.0	1450	$1,398	$0.96	184d	1	1.44mi
2206 Harris Rd NW Huntsville, AL	3.0	1.0	1354	$1,400	$1.03	184d	1	1.44mi
522 Lisa Ln NW Huntsville, AL	4.0	3.0	1025	$1,695	$1.65	184d	1	1.46mi
2200 Lynn Rd NW Huntsville, AL	4.0	2.0	1485	$1,500	$1.01	10d	1	1.46mi
2207 Norwood Dr NW Huntsville, AL	3.0	1.0	1020	$1,295	$1.27	154d	1	1.49mi

Property features AI

Finance

• HOA & community: No homeowners associationSubdivision: Edmonton Heights

Exterior

• Parking: No designated parking
• Utilities: Public sewer
• Home design: Single-family residenceBuilt in 1959Living area about 1,100Vinyl siding
• Construction: Slab foundation
• Exterior features: Public waterLot approximately 0.22 acres (68 x 115 x 100 x 130)

Interior

• Kitchen: Range
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heatingCentral cooling
• Interior features: Total of 4 roomsOne-level living

Listing history 50 events

1. 2026-11-08
   days on market $114,900 Active 179 DOM
2. 2026-11-07
   days on market $114,900 Active 178 DOM
3. 2026-11-06
   days on market $114,900 Active 177 DOM
4. 2026-11-05
   days on market $114,900 Active 176 DOM
5. 2026-11-04
   days on market $114,900 Active 175 DOM
6. 2026-11-02
   days on market $114,900 Active 173 DOM
7. 2026-11-01
   days on market $114,900 Active 172 DOM
8. 2026-10-31
   days on market $114,900 Active 171 DOM
9. 2026-10-30
   days on market $114,900 Active 170 DOM
10. 2026-10-29
    days on market $114,900 Active 169 DOM
11. 2026-10-28
    days on market $114,900 Active 168 DOM
12. 2026-10-27
    days on market $114,900 Active 167 DOM
13. 2026-10-26
    days on market $114,900 Active 166 DOM
14. 2026-10-26
    days on market $114,900 Active 165 DOM
15. 2026-10-24
    days on market $114,900 Active 164 DOM
16. 2026-10-23
    days on market $114,900 Active 163 DOM
17. 2026-10-22
    days on market $114,900 Active 162 DOM
18. 2026-10-21
    days on market $114,900 Active 161 DOM
19. 2026-10-20
    days on market $114,900 Active 160 DOM
20. 2026-10-19
    days on market $114,900 Active 159 DOM
21. 2026-10-18
    days on market $114,900 Active 158 DOM
22. 2026-10-17
    days on market $114,900 Active 157 DOM
23. 2026-10-16
    days on market $114,900 Active 156 DOM
24. 2026-10-15
    days on market $114,900 Active 155 DOM
25. 2026-10-14
    days on market $114,900 Active 154 DOM
26. 2026-10-13
    days on market $114,900 Active 153 DOM
27. 2026-10-12
    days on market $114,900 Active 152 DOM
28. 2026-10-11
    days on market $114,900 Active 151 DOM
29. 2026-10-10
    days on market $114,900 Active 150 DOM
30. 2026-10-09
    days on market $114,900 Active 149 DOM
31. 2026-10-08
    days on market $114,900 Active 148 DOM
32. 2026-10-07
    days on market $114,900 Active 147 DOM
33. 2026-10-06
    days on market $114,900 Active 146 DOM
34. 2026-10-05
    days on market $114,900 Active 145 DOM
35. 2026-10-04
    days on market $114,900 Active 144 DOM
36. 2026-10-04
    days on market $114,900 Active 143 DOM
37. 2026-10-02
    days on market $114,900 Active 142 DOM
38. 2026-10-01
    days on market $114,900 Active 141 DOM
39. 2026-09-30
    days on market $114,900 Active 140 DOM
40. 2026-09-29
    days on market $114,900 Active 139 DOM
41. 2026-09-28
    days on market $114,900 Active 138 DOM
42. 2026-09-27
    days on market $114,900 Active 137 DOM
43. 2026-09-25
    days on market $114,900 Active 135 DOM
44. 2026-09-24
    price $114,900 Active 134 DOM
45. 2026-09-24
    days on market $119,900 Active 134 DOM
46. 2026-09-23
    days on market $119,900 Active 133 DOM
47. 2026-09-22
    days on market $119,900 Active 132 DOM
48. 2026-09-21
    days on market $119,900 Active 131 DOM
49. 2026-09-20
    days on market $119,900 Active 130 DOM
50. 2026-09-19
    days on market $119,900 Active 129 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: $551 · $46/mo
• Projected year-2 tax: $551 · $46/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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 14% 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: $17,346
• − Mortgage interest: −$6,436
• − Property taxes: −$551
• − Insurance: −$574
• − Repairs & maintenance: −$1,388
• − Management: −$1,388
• − Depreciation: −$3,343
• Taxable income: $3,666
• Est. tax owed @ 24.0%: −$880
• After-tax cash flow: $4,467/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $25,800–$46,440 screening

This home requires significant repairs and maintenance, including a new roof, repainting the exterior siding, and trimming the landscaping. These updates would significantly increase its resale and rental value.

Components & finishes AI

Flooring laminate Appliances black

Deferred maintenance Est. $60,000–$180,000 screening

• Major Roof (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — roof appears old and damaged
• Major Windows (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — windows appear old and damaged
• Major Electrical (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — electrical panel appears old and damaged
• Major Plumbing (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — plumbing appears old and damaged
• Major Exterior (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — exterior appears old and damaged
• Major Other (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — other components appear old and damaged

Repairs flagged

• Major roof — The roof appears to be in poor condition, with visible wear and tear.
• Major exterior siding — The exterior siding is peeling and in need of repainting.
• Major landscaping — The landscaping is overgrown and requires trimming.

Value-add opportunities

• Resale painting the exterior siding — Painting the exterior siding can improve the home's curb appeal and make it more attractive to potential buyers. ↑
• Resale trimming the landscaping — Trimming the landscaping can improve the home's curb appeal and make it more attractive to potential buyers. ↑
• Both replacing the HVAC system — Replacing the HVAC system can improve the home's comfort and energy efficiency, making it more attractive to both buyers and renters. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 18/100

Zoned Schools

Elementary Martin Luther King Jr Elementary School F AL #560/627 Nat'l #38,478/41,679 Middle Huntsville Junior High School F AL #105/257 Nat'l #8,188/14,009 High Lee High School F AL #252/305 Nat'l #16,463/17,239

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

A Composite livability gradescore 82/100

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 · 392,086 people
• City population: 220,435
• Metro: Huntsville, AL
• Population (ZIP): 31,008
• Household income: $90,812
• Rent vs Own: 22.4% rent · 77.6% own
• Severe rent burden: 12% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 27% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Languages at home: 95% English-only · Spanish 3% Vietnamese 1%

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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: ▼ -7.13%
• Current HPI: 332.9423
• Rent YoY: ▲ 6.81%
• Metro: Huntsville, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

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Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Property features AI

Finance

• HOA & community: No homeowners associationSubdivision: Edmonton Heights

Exterior

• Parking: No designated parking
• Utilities: Public sewer
• Home design: Single-family residenceBuilt in 1959Living area about 1,100Vinyl siding
• Construction: Slab foundation
• Exterior features: Public waterLot approximately 0.22 acres (68 x 115 x 100 x 130)

Interior

• Kitchen: Range
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heatingCentral cooling
• Interior features: Total of 4 roomsOne-level living

Price history

+45.0% since first listed

9 events — show timeline

• 2026-06-11 Price Changed $144,900 VMLS
• 2026-05-13 Listed $149,900 VMLS
• 2023-12-08 Sold (Public Records) $2,040,000 Public Records
• 2022-02-03 Sold (Public Records) $85,000 Public Records
• 2022-01-19 Sold (MLS) $85,000 VMLS
• 2021-07-24 Pending — VMLS
• 2021-07-09 Contingent — VMLS
• 2021-06-28 Price Changed $89,900 VMLS
• 2021-06-11 Listed $99,900 VMLS

Property tax history

+2.9%/yr

Latest (2024): $551 · -46.4% YoY. Source: county tax records.