238 Victory Ln NE · Huntsville, AL 35811

$144,900

4 bd · 1.0 ba · 1,032 sqft · SingleFamily public records · 36 Days on market

Built 1959 9,583 sqft lot $140/sqft · at area comps Est $158k · 8% 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 +27.9/30.0
• ARV discount +11.2/15.0
• DSCR +9.9/10.0
• 1% rule +6.5/10.0
• Rent growth +4.2/5.0
• Livability +4.1/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +1.4/10.0

Listing remarks MLS

Great starter home or investment property. House is being Sold AS IS, house needs some TLC. NO SHOWINGS SAT-SUN, JUNE 19TH-20TH

Key facts

• Spacious backyard
• Level lot
• Northeast huntsville

Tags

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

Property features AI

Finance

• HOA & community: No homeowners association; Subdivision: Edmonton Heights

Exterior

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

Interior

• Kitchen: Range
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Total of 4 rooms; One-level living

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $145k.

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 ($2k rent vs $145k).
• Recommended offer: $141k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.0% 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.
• 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); 560 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% 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 $1k of loan paydown is wiped out by about $4k 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 $41k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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

• 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 $140,553 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.15% ✓
• Cap rate: 9.99%
• Cash-on-cash: 13.19%
• DSCR: 1.59
• GRM: 7.3

CMA / ARV

• ARV (median comp): $157,833
• List price: $144,900
• Delta: -8.19%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 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%)	12mo	$170,000	$155	73
3807 Melody Rd NE	0.04mi	3/1.0 (-1)	920 (-11%)	3mo	$151,000	$164	73
112 Wilkenson Dr NE	0.37mi	3/1.0 (-1)	1,023 (-1%)	7mo	$155,000	$152	70
203 Victory Ln NE	0.20mi	3/1.0 (-1)	925 (-10%)	8mo	$166,000	$179	62
3803 Melody Rd NE	0.05mi	3/1.0 (-1)	931 (-10%)	20mo	$162,900	$175	60
3815 Colton Ln NE	0.10mi	3/1.0 (-1)	900 (-13%)	21mo	$179,900	$200	52
172 Wilkenson Dr NE	0.28mi	3/1.0 (-1)	884 (-14%)	20mo	$145,000	$164	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 · 6.81% rent growth · sell at horizon

5-year hold

• IRR: 7.0%
• Equity multiple: 1.28×
• Total profit: $11,485
• Equity at exit: $21,605

10-year hold

• IRR: 19.2%
• Equity multiple: 2.87×
• Total profit: $75,697
• Equity at exit: $12,528

Cash invested: $40,572 (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 35811

• Home prices YoY: -2.1%
• Rents YoY: 6.8%
• Active inventory: 560
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,661 high
• Mortgage (P&I): −$760
• Tax from tax record: −$46 /mo · $551/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $446

Break-even live

Break-even rent $1,096

Max offer price $144,900

Occupancy floor 68%

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4130 High Mountain Rd NE Huntsville, AL	1.0–3.0	1.0–2.0	1119	$2,061	$1.84	43d	129	1.00mi
3606 Lakewood Rd NW Huntsville, AL	3.0	1.5	1408	$1,400	$0.99	43d	1	1.10mi
4005 Memorial Pkwy NW Huntsville, AL	3.0	1.0	1100	$1,375	$1.25	43d	1	1.13mi
3707 Lakewood Dr NW Huntsville, AL	3.0	1.0	1100	$1,100	$1.00	43d	1	1.14mi
2113 Norris Rd NW Huntsville, AL	3.0	1.0	1372	$1,550	$1.13	43d	1	1.30mi
2117 Griffith Dr NW Huntsville, AL	3.0	1.0	1000	$1,095	$1.09	23d	1	1.32mi
611 Ofallon Rd NW Huntsville, AL	3.0	2.0	1350	$3,000	$2.22	23d	1	1.38mi
2117 Atkins Dr NW Huntsville, AL	3.0	2.0	1250	$1,699	$1.36	23d	1	1.41mi
621 Murray Rd NW Huntsville, AL	3.0	1.5	1008	$1,325	$1.31	13d	1	1.43mi
3058 Boswell Dr NW Huntsville, AL	4.0	2.0	1450	$1,398	$0.96	43d	1	1.44mi
2206 Harris Rd NW Huntsville, AL	3.0	1.0	1354	$1,400	$1.03	43d	1	1.44mi
522 Lisa Ln NW Huntsville, AL	4.0	3.0	1025	$1,695	$1.65	43d	1	1.46mi
2207 Norwood Dr NW Huntsville, AL	3.0	1.0	1020	$1,295	$1.27	13d	1	1.49mi

Listing history 22 events

1. 2026-06-18
   days on market $144,900 Active 36 DOM
2. 2026-06-17
   days on market $144,900 Active 35 DOM
3. 2026-06-16
   days on market $144,900 Active 34 DOM
4. 2026-06-15
   days on market $144,900 Active 33 DOM
5. 2026-06-14
   pricedays on market $144,900 Active 31 DOM
6. 2026-06-10
   days on market $149,900 Active 28 DOM
7. 2026-06-09
   days on market $149,900 Active 27 DOM
8. 2026-06-08
   days on market $149,900 Active 26 DOM
9. 2026-06-07
   days on market $149,900 Active 25 DOM
10. 2026-06-03
    days on market $149,900 Active 21 DOM
11. 2026-06-02
    days on market $149,900 Active 20 DOM
12. 2026-06-01
    days on market $149,900 Active 19 DOM
13. 2026-05-31
    days on market $149,900 Active 18 DOM
14. 2026-05-30
    days on market $149,900 Active 17 DOM
15. 2026-05-13
    listed $149,900 Active 538-char remark
16. 2023-12-08
    soldstatus $2,040,000
17. 2022-02-03
    soldstatus $85,000
18. 2022-01-19
    soldstatus $85,000 Sold 128-char remark

    Show marketing remark (128 chars)

    Great starter home or investment property. House is being Sold AS IS, house needs some TLC. NO SHOWINGS SAT-SUN, JUNE 19TH-20TH

19. 2021-07-24
    status Pending 128-char remark

    Show marketing remark (128 chars)

    Great starter home or investment property. House is being Sold AS IS, house needs some TLC. NO SHOWINGS SAT-SUN, JUNE 19TH-20TH

20. 2021-07-09
    historical Contingent 128-char remark

    Show marketing remark (128 chars)

    Great starter home or investment property. House is being Sold AS IS, house needs some TLC. NO SHOWINGS SAT-SUN, JUNE 19TH-20TH

21. 2021-06-28
    price $89,900 128-char remark

    Show marketing remark (128 chars)

    Great starter home or investment property. House is being Sold AS IS, house needs some TLC. NO SHOWINGS SAT-SUN, JUNE 19TH-20TH

22. 2021-06-11
    listed $99,900 Active 128-char remark

    Show marketing remark (128 chars)

    Great starter home or investment property. House is being Sold AS IS, house needs some TLC. NO SHOWINGS SAT-SUN, JUNE 19TH-20TH

ⓘ 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: $594 · $50/mo
• Expected delta: +$43/yr (+$4/mo · 7.8%)

ⓘ 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: $19,933
• − Mortgage interest: −$8,117
• − Property taxes: −$551
• − Insurance: −$724
• − Repairs & maintenance: −$1,595
• − Management: −$1,595
• − Depreciation: −$4,215
• Taxable income: $3,136
• Est. tax owed @ 24.0%: −$753
• After-tax cash flow: $4,600/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): 31,008
• Household income: $90,812
• Rent vs Own: 22.4% rent · 77.6% own
• Severe rent burden: 517.0

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: Majority White (64%)
• Race & ethnicity: White 64% Black 27% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Slovak 2% Italian 2% Serbian 2%
• Foreign-born: 4% · Canada, Vietnam, China
• Languages at home: 95% English-only · Spanish 3% Vietnamese 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: ▼ -7.13%
• Current HPI: 332.9423
• Rent YoY: ▲ 6.81%
• 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

+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.