2950 Hood Rd SW Unit E · Huntsville, AL 35805

$73,500

1 bd · 1.0 ba · 582 sqft · Condo · 104 Days on market

Built 1982 Fair condition $126/sqft · at area comps Est $77k · at est. $150/mo HOA · 17% of rent ↓ 2% since listing

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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).

• Cash flow +16.0/30.0
• ARV discount +9.5/15.0
• 1% rule +7.0/10.0
• DSCR +4.9/10.0
• Livability +4.1/5.0
• Rent growth +3.0/5.0
• Schools +2.9/10.0
• Condition / age +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT DOWNSTAIRS CONDO, UNIT E & CONVENIENTLY LOCATED! THE FAMILY RM/DINING RM COMBO HAS LAMINATED FLOORING,CEILING FAN & HAS SLIDING GLASS DOORS OPENING TO THE PATIO WITH A PRIVACY FENCE, THE MASTER BEDROOM HAS A CEILING FAN & LAMINTATED FLOORING, CENTRAL AIR & HEAT.**NO PETS!!!**NO REPAIR/NO REPLACEMENT ON REFRIGERATOR**

Key facts

• Central heat
• Laminated flooring
• Sliding glass doors

Tags

• LAMINATED FLOORING
• SLIDING GLASS DOORS
• PRIVACY FENCE
• CENTRAL AIR
• CENTRAL HEAT

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $74k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $36 ($435/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($879 rent vs $74k).
• Recommended offer: $67k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.9% 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.
• Market conditions: Rents rising (+1.8%/yr); 133 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; lower-income renter base — watch delinquency; 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 $508 of loan paydown is wiped out by about $2k 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

• It's been on market 104 days — a 9% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 9700% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

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 $66,885 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 9% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.20% ✓
• Cap rate: 6.88%
• Cash-on-cash: 2.11%
• DSCR: 1.09
• GRM: 7.0

CMA / ARV

• ARV (median comp): $76,908
• List price: $73,500
• Delta: -4.43%
• Verdict: FAIR
• Comps: 4 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.82% rent growth · sell at horizon

5-year hold

• IRR: -14.5%
• Equity multiple: 0.49×
• Total profit: $-10,528
• Equity at exit: $10,959

10-year hold

• IRR: -8.2%
• Equity multiple: 0.52×
• Total profit: $-9,900
• Equity at exit: $6,355

Cash invested: $20,580 (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 35805

• Home prices YoY: -17.4%
• Rents YoY: 1.8%
• Active inventory: 133
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $879 high
• Mortgage (P&I): −$385
• Tax est. 1.5%: −$92 /mo · $1,102/yr
• Insurance: −$31
• HOA: −$150
• Vacancy / Maint / Mgmt: −$185
• Net cashflow: $36

Break-even live

Break-even rent $833

Max offer price $73,500

Occupancy floor 91%

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: $18,375
• Closing costs: $2,205
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2940 Hood Rd SW Unit H Huntsville, AL	2.0	1.0	651	$825	$1.27	13d	1	0.02mi
3950 Knight Rd SW Unit 703 Huntsville, AL	1.0	1.0	700	$750	$1.07	43d	1	0.11mi
3007 Hood Rd SW Huntsville, AL	1.0–2.0	1.0	753	$850	$1.13	43d	4	0.12mi
3007 Hood Rd SW Unit 3007-12 Huntsville, AL	1.0	1.0	691	$850	$1.23	13d	1	0.12mi
4006 Knight Rd SW Huntsville, AL	2.0	1.0	650	$900	$1.38	43d	1	0.19mi
4008 Knight Rd SW Unit C Huntsville, AL	2.0	1.0	675	$925	$1.37	23d	1	0.20mi
2900 Elmore Rd SW Unit B Huntsville, AL	2.0	1.0	650	$875	$1.35	43d	1	0.21mi
3902 Cobb Rd Unit 102 A Huntsville, AL	1.0	1.0	685	$795	$1.16	43d	1	0.28mi
4401 Spartacus Dr SW Huntsville, AL	1.0–2.0	1.0–2.5	905	$880	$0.97	21d	1	0.29mi
3636 Chasewood Dr SW Huntsville, AL	1.0–2.0	1.0	665	$750	$1.13	43d	1	0.29mi
3902 Cobb Rd SW Huntsville, AL	1.0	1.0	684	$795	$1.16	13d	1	0.30mi
3813 Triana Blvd SW Huntsville, AL	1.0	1.0	685	$795	$1.16	43d	1	0.36mi
3801 SW Triana Blvd Unit 13 Huntsville, AL	1.0	1.0	450	$750	$1.67	13d	1	0.36mi
3801 SW Triana Blvd Ste 1 Huntsville, AL	1.0	1.0	450	$1,250	$2.78	43d	1	0.36mi
3801 SW Triana Blvd Unit 3 Huntsville, AL	1.0	1.0	450	$895	$1.99	43d	1	0.36mi
3801 SW Triana Blvd Unit 22 Huntsville, AL	1.0	1.0	450	$750	$1.67	43d	1	0.36mi
4110 Triana Blvd SW Huntsville, AL	1.0	1.0	750	$1,146	$1.53	13d	5	0.49mi
3209 Westheimer Dr SW Unit 06 Huntsville, AL	1.0	1.0	553	$810	$1.46	43d	1	0.83mi
2999 Woodway Dr SW Huntsville, AL	1.0–2.0	1.0	676	$770	$1.14	13d	1	0.87mi
3801 Thomas Rd SW Unit 3917-05 Huntsville, AL	1.0	1.0	550	$725	$1.32	23d	1	0.90mi
3801 Thomas Rd SW Unit 3917-08 Huntsville, AL	1.0	1.0	550	$725	$1.32	43d	1	0.90mi
3010 Clopton St SW Apt 35 Huntsville, AL	1.0	1.0	400	$850	$2.12	43d	1	0.90mi
3004 Clopton St SW Huntsville, AL	—	1.0	360	$749	$2.08	13d	3	0.94mi
4121 Newson Rd SW Apt B12 Huntsville, AL	2.0	1.0	750	$950	$1.27	13d	1	0.95mi
3815 Newson Rd SW Unit C05 Huntsville, AL	2.0	1.0	750	$850	$1.13	43d	1	0.99mi
4111 Newson Rd SW Unit 16 Huntsville, AL	1.0	1.0	450	$695	$1.54	43d	1	1.01mi
2321 Bob Wallace Ave SW Huntsville, AL	2.0	1.0	700	$1,350	$1.93	43d	1	1.04mi
4111 Newson Rd SW Huntsville, AL	1.0	1.0	475	$710	$1.49	23d	2	1.05mi
4111 Newson Rd SW Huntsville, AL	1.0–2.0	1.0–1.5	775	$695	$0.90	13d	2	1.05mi
4118 Newson Rd SW Huntsville, AL	2.0	1.0	650	$899	$1.38	13d	14	1.10mi
4009 Eunice St SW Huntsville, AL	1.0	1.0	550	$845	$1.54	43d	2	1.14mi
2610 Mirabeau Dr Huntsville, AL	2.0	1.0	715	$999	$1.40	21d	13	1.15mi
3909 Talwell Dr SW Unit 18 Huntsville, AL	1.0	1.0	700	$695	$0.99	43d	1	1.24mi
3915 Talwell Dr SW Unit 13 Huntsville, AL	1.0	1.0	700	$695	$0.99	23d	1	1.28mi
3913 Talwell Dr SW Unit 17 Huntsville, AL	1.0	1.0	700	$795	$1.14	21d	1	1.28mi
3702 Penny St SW Unit c Huntsville, AL	1.0	1.0	400	$665	$1.66	13d	1	1.28mi
4008 Penny St SW Unit a Huntsville, AL	2.0	1.0	720	$795	$1.10	43d	1	1.29mi
3913 Talwell Dr SW Unit 16 Huntsville, AL	1.0	1.0	700	$695	$0.99	43d	1	1.30mi
2500 9th Ave SW Huntsville, AL	2.0	1.0–2.0	841	$1,290	$1.53	13d	12	1.30mi
4200 Penny St SW Unit 35 Huntsville, AL	1.0	1.0	450	$600	$1.33	43d	1	1.30mi

HOA detail condo

• Monthly dues: $150 · $1,800/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-18
   days on market $73,500 Active 104 DOM
2. 2026-06-17
   days on market $73,500 Active 103 DOM
3. 2026-06-16
   days on market $73,500 Active 102 DOM
4. 2026-06-15
   days on market $73,500 Active 101 DOM
5. 2026-06-14
   days on market $73,500 Active 99 DOM
6. 2026-06-10
   days on market $73,500 Active 96 DOM
7. 2026-06-09
   days on market $73,500 Active 95 DOM
8. 2026-06-08
   days on market $73,500 Active 94 DOM
9. 2026-06-07
   days on market $73,500 Active 93 DOM
10. 2026-06-03
    days on market $73,500 Active 89 DOM
11. 2026-06-02
    days on market $73,500 Active 88 DOM
12. 2026-06-01
    days on market $73,500 Active 87 DOM
13. 2026-05-31
    days on market $73,500 Active 86 DOM
14. 2026-05-30
    days on market $73,500 Active 85 DOM
15. 2026-04-14
    price $73,500 340-char remark

    Show marketing remark (340 chars)

    GREAT DOWNSTAIRS CONDO, UNIT E & CONVENIENTLY LOCATED! THE FAMILY RM/DINING RM COMBO HAS LAMINATED FLOORING,CEILING FAN & HAS SLIDING GLASS DOORS OPENING TO THE PATIO WITH A PRIVACY FENCE, THE MASTER BEDROOM HAS A CEILING FAN & LAMINTATED FLOORING, CENTRAL AIR & HEAT.**NO PETS!!!**NO REPAIR/NO REPLACEMENT ON REFRIGERATOR**

16. 2026-03-06
    listed $750

    Show marketing remark (340 chars)

    GREAT DOWNSTAIRS CONDO, UNIT E & CONVENIENTLY LOCATED! THE FAMILY RM/DINING RM COMBO HAS LAMINATED FLOORING,CEILING FAN & HAS SLIDING GLASS DOORS OPENING TO THE PATIO WITH A PRIVACY FENCE, THE MASTER BEDROOM HAS A CEILING FAN & LAMINTATED FLOORING, CENTRAL AIR & HEAT.**NO PETS!!!**NO REPAIR/NO REPLACEMENT ON REFRIGERATOR**

17. 2026-03-06
    listed $75,000 Active 340-char remark

    Show marketing remark (340 chars)

    GREAT DOWNSTAIRS CONDO, UNIT E & CONVENIENTLY LOCATED! THE FAMILY RM/DINING RM COMBO HAS LAMINATED FLOORING,CEILING FAN & HAS SLIDING GLASS DOORS OPENING TO THE PATIO WITH A PRIVACY FENCE, THE MASTER BEDROOM HAS A CEILING FAN & LAMINTATED FLOORING, CENTRAL AIR & HEAT.**NO PETS!!!**NO REPAIR/NO REPLACEMENT ON REFRIGERATOR**

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% 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: $10,544
• − Mortgage interest: −$4,117
• − Property taxes: −$1,102
• − Insurance: −$368
• − Repairs & maintenance: −$844
• − Management: −$844
• − HOA: −$1,800
• − Depreciation: −$2,138
• Taxable loss: −$668
• Est. tax savings @ 24.0%: +$160
• After-tax cash flow: $595/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 · 12 photos

Fair 40/100 Moderate rehab

This condo requires moderate repairs and maintenance, with a focus on updating the kitchen and exterior to improve its resale value.

Repairs flagged

• Minor Kitchen cabinets — Worn appearance, but not damaged
• Minor Appliances — Functional but dated

Value-add opportunities

• Resale Paint interior walls — Fresh paint can significantly improve curb appeal and interior aesthetics
• Resale Replace countertops — Modern countertops can enhance the kitchen's functionality and appearance
• Resale Upgrade appliances — Upgrading to newer, more energy-efficient appliances can increase the home's value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Worn appearance, but not damaged	Minor	$500–3,000
Appliances · Functional but dated	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale Paint interior walls — Fresh paint can significantly improve curb appeal and interior aesthetics ↑
• Resale Replace countertops — Modern countertops can enhance the kitchen's functionality and appearance ↑
• Resale Upgrade appliances — Upgrading to newer, more energy-efficient appliances can increase the home's value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 20,856
• Household income: $35,385
• Rent vs Own: 59.4% rent · 40.6% own
• Severe rent burden: 1750.0

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 0.69)
• Race & ethnicity: White 40% Black 31% Hispanic / Latino 24% Two or more races 8%
• Hispanic origin (detail): Mexican 17% Puerto Rican 2%
• Common ancestry: Lithuanian 1% Slovak 1% Serbian 1%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 76% English-only · Spanish 22% German/W. Germanic 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: ▼ -48.03%
• Current HPI: 228.6963
• Rent YoY: ▲ 1.82%
• 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

-2.0% since first listed

3 events — show timeline

• 2026-04-14 Price Changed $73,500 VMLS
• 2026-03-06 Listed for Rent $750 VMLS
• 2026-03-06 Listed $75,000 VMLS