3010 Sparkman Dr NW · Huntsville, AL 35810

$200,000

3 bd · 1.0 ba · 1,810 sqft · SingleFamily public records · 69 Days on market

Built 1977 0.28 ac lot $110/sqft · 8% below area Est $217k · 8% under

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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 +17.2/30.0
• ARV discount +11.0/15.0
• DSCR +5.4/10.0
• Livability +4.1/5.0
• 1% rule +3.4/10.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity meets location this 3bdrm/2bath home in North Huntsville is conveniently located with quick access to Memorial Parkway, Downtown Huntsville, Redstone Arsenal, and nearby shopping and dining. Inside, you'll find a functional layout with spacious, kitchen, living areas, and generous sized bedrooms, this flexible floor plan easily accommodates families, guests, or a home office setup. The oversized backyard has endless possibilities ideal for entertaining, gardening, or creating your own outdoor retreat. Huntsville’s rapid growth and strong housing demand, this property also presents an excellent opportunity for homeowners or investors looking to secure a home in a thriving market.

Key facts

• Flexible floor plan
• Oversized backyard
• 0.28 acre lot

Tags

• OVERSIZED BACKYARD
• FLEXIBLE FLOOR PLAN

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $144 ($2k/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 $168k (15.8% below list).
• Recommended offer: $168k (15.8% below list) — sets the bar for 1% rule.
• Cap rate 7.2% 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 soft (-0.1%/yr); 337 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).
• This rent runs 39% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 69 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago; this cycle's ask has dropped $50k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $72k; list at $200k implies a 178% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $168,316 (15.8% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — 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. 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: 0.84% ✗
• Cap rate: 7.16%
• Cash-on-cash: 3.09%
• DSCR: 1.14
• GRM: 9.9

CMA / ARV

• ARV (median comp): $217,058
• List price: $200,000
• Delta: -7.86%
• 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
2602 Carlsbad Dr	0.23mi	3/2.0	1,790 (-1%)	3mo	$274,900	$154	81
2904 Pulaski Pike NW	0.14mi	4/2.5 (+1)	1,835 (+1%)	1mo	$219,800	$120	80
2909 Pulaski Pike NW	0.18mi	3/2.0	1,748 (-3%)	8mo	$128,500	$74	75
2501 Greenhill Dr NW	0.55mi	3/2.5	1,758 (-3%)	8mo	$200,000	$114	57
3508 Purdy Dr NW	0.73mi	4/2.0 (+1)	1,800 (-1%)	3mo	$230,000	$128	54
3015 Mallory Ave NW	0.71mi	3/2.0	1,698 (-6%)	2mo	$235,000	$138	51
3308 Barton St	0.50mi	3/2.0	1,589 (-12%)	3mo	$135,000	$85	49
3306 Reynolds Dr NW	0.58mi	3/2.0	1,636 (-10%)	5mo	$229,000	$140	48
3701 Broadmor Rd NW	0.67mi	3/2.0	1,627 (-10%)	1mo	$208,000	$128	47
2202 Viscount Dr NW	0.63mi	4/3.0 (+1)	1,708 (-6%)	7mo	$280,000	$164	42
2416 Redmont Rd NW	0.69mi	4/2.0 (+1)	1,629 (-10%)	2mo	$135,000	$83	40
3009 Kirkland Dr NW	0.62mi	4/2.0 (+1)	1,550 (-14%)	6mo	$216,000	$139	33

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -14.5%
• Equity multiple: 0.50×
• Total profit: $-28,251
• Equity at exit: $29,821

10-year hold

• IRR: -10.8%
• Equity multiple: 0.42×
• Total profit: $-32,224
• Equity at exit: $17,292

Cash invested: $56,000 (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 35810

• Home prices YoY: -23.5%
• Rents YoY: -0.1%
• Active inventory: 337
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,683 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$53 /mo · $640/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $144

Break-even live

Break-even rent $1,501

Max offer price $200,000

Occupancy floor 86%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2613 Skyline Dr NW Huntsville, AL	4.0	2.0	1572	$1,695	$1.08	23d	1	0.29mi
2712 Garvin Rd NW Huntsville, AL	4.0	2.0	2528	$1,975	$0.78	14d	1	0.34mi
2712 Garvin Rd NW Huntsville, AL	4.0	2.0	2528	$2,000	$0.79	44d	1	0.34mi
2707 Garvin Rd NW Huntsville, AL	4.0	2.0	2284	$1,450	$0.63	23d	1	0.38mi
3303 Barton Ave NW Huntsville, AL	3.0	2.0	1750	$1,600	$0.91	44d	1	0.45mi
3309 Charleston Ave NW Huntsville, AL	3.0	2.0	1425	$1,375	$0.96	21d	1	0.47mi
2416 Hanover Dr NW Huntsville, AL	3.0	2.0	1300	$1,395	$1.07	44d	1	0.50mi
2620 Thornhill Rd NW Huntsville, AL	3.0	2.5	2411	$2,500	$1.04	44d	1	0.52mi
2502 Hill St NW Huntsville, AL	3.0	1.0	1288	$1,200	$0.93	44d	1	0.53mi
3205 Lewisburg Dr NW Huntsville, AL	3.0	2.0	1408	$1,600	$1.14	23d	1	0.57mi
3306 Reynolds Dr NW Huntsville, AL	3.0	2.0	1636	$1,800	$1.10	23d	1	0.59mi
3616 Hester Ln NW Huntsville, AL	4.0	2.0	1650	$1,350	$0.82	44d	1	0.60mi
3013 Kirkland Dr NW Huntsville, AL	3.0	1.5	1324	$1,295	$0.98	44d	1	0.63mi
3203 Dyas Dr NW Huntsville, AL	3.0	2.0	1346	$2,100	$1.56	23d	1	0.67mi
2601 Blue Spring Rd NW Huntsville, AL	3.0	1.5	1700	$1,350	$0.79	23d	1	0.70mi
3721 Broadmor Rd NW Huntsville, AL	3.0	1.5	1423	$1,450	$1.02	44d	1	0.77mi
3505 Mastin Lake Rd NW Huntsville, AL	3.0	2.0	1376	$2,000	$1.45	44d	1	0.79mi
2801 Penland Ave NW Huntsville, AL	3.0	2.0	1650	$1,450	$0.88	23d	1	0.81mi
3406 Oakmont Ave NW Huntsville, AL	3.0	2.0	1389	$1,600	$1.15	44d	1	0.84mi
2215 Shady Lane Dr NW Huntsville, AL	4.0	1.0	1450	$1,500	$1.03	44d	1	0.89mi
2201 Shady Lane Dr NW Huntsville, AL	3.0	1.5	1472	$3,000	$2.04	44d	1	0.89mi
3304 Caywood Dr NW Huntsville, AL	3.0	1.5	1300	$1,475	$1.13	23d	1	0.98mi
3415 Mimosa Ln NW Huntsville, AL	3.0	2.0	1320	$1,590	$1.20	44d	1	1.01mi
743 W Arbor Dr NW Huntsville, AL	4.0	2.0	2000	$1,600	$0.80	23d	1	1.08mi
4700 Sparkman Dr NW Huntsville, AL	3.0	1.5	1554	$1,350	$0.87	23d	1	1.23mi
3606 Crestmore Ave NW Huntsville, AL	4.0	2.0	1275	$1,400	$1.10	21d	1	1.35mi
4214 Fortson Ln NW Huntsville, AL	3.0	2.0	1308	$1,395	$1.07	44d	1	1.35mi
3503 Crestmore Cir NW Huntsville, AL	3.0	2.0	2115	$1,475	$0.70	14d	1	1.36mi
2602 Gibson St NW Huntsville, AL	4.0	2.0	1795	$1,625	$0.91	44d	1	1.40mi
4216 Chalet Cir NW Huntsville, AL	3.0	2.0	1296	$1,500	$1.16	23d	1	1.41mi
641 Dawson Ter NW Huntsville, AL	4.0	2.0	1506	$1,675	$1.11	14d	1	1.45mi
3058 Boswell Dr NW Huntsville, AL	4.0	2.0	1450	$1,398	$0.96	44d	1	1.49mi
2506 Jeri St NW Huntsville, AL	3.0	1.5	1274	$1,400	$1.10	23d	1	1.49mi

Listing history 7 events

1. 2026-04-24
   price $200,000 706-char remark

   Show marketing remark (706 chars)

   Opportunity meets location this 3bdrm/2bath home in North Huntsville is conveniently located with quick access to Memorial Parkway, Downtown Huntsville, Redstone Arsenal, and nearby shopping and dining. Inside, you'll find a functional layout with spacious, kitchen, living areas, and generous sized bedrooms, this flexible floor plan easily accommodates families, guests, or a home office setup. The oversized backyard has endless possibilities ideal for entertaining, gardening, or creating your own outdoor retreat. Huntsville’s rapid growth and strong housing demand, this property also presents an excellent opportunity for homeowners or investors looking to secure a home in a thriving market.

2. 2026-03-25
   price $225,000 706-char remark

   Show marketing remark (706 chars)

   Opportunity meets location this 3bdrm/2bath home in North Huntsville is conveniently located with quick access to Memorial Parkway, Downtown Huntsville, Redstone Arsenal, and nearby shopping and dining. Inside, you'll find a functional layout with spacious, kitchen, living areas, and generous sized bedrooms, this flexible floor plan easily accommodates families, guests, or a home office setup. The oversized backyard has endless possibilities ideal for entertaining, gardening, or creating your own outdoor retreat. Huntsville’s rapid growth and strong housing demand, this property also presents an excellent opportunity for homeowners or investors looking to secure a home in a thriving market.

3. 2026-03-13
   listed $250,000 Active 706-char remark

   Show marketing remark (706 chars)

   Opportunity meets location this 3bdrm/2bath home in North Huntsville is conveniently located with quick access to Memorial Parkway, Downtown Huntsville, Redstone Arsenal, and nearby shopping and dining. Inside, you'll find a functional layout with spacious, kitchen, living areas, and generous sized bedrooms, this flexible floor plan easily accommodates families, guests, or a home office setup. The oversized backyard has endless possibilities ideal for entertaining, gardening, or creating your own outdoor retreat. Huntsville’s rapid growth and strong housing demand, this property also presents an excellent opportunity for homeowners or investors looking to secure a home in a thriving market.

4. 2018-01-30
   soldstatus $72,000
5. 2018-01-30
   soldstatus $105,000
6. 2018-01-25
   soldstatus $105,000 615-char remark

   Show marketing remark (615 chars)

   Come and enjoy this ranch style home with many upgrades. New HVAC, windows, carpet, vanities in bathrooms, fresh paint, tile floors in wet areas and appliances. The roof was replaced in 2015. Detached storage building in backyard. Security system installed. Extra concrete pad in front yard. Fenced-in backyard. Bonus room to enjoy family time. Move-in ready. Currently located directly across from the Huntsville Police Academy, soon to be the New North Huntsville Public Library and easy access to shopping centers, eateries, and grocery stores. Call now to schedule a viewing. This home won't last long.

7. 2017-01-12
   listed $120,000 615-char remark

   Show marketing remark (615 chars)

   Come and enjoy this ranch style home with many upgrades. New HVAC, windows, carpet, vanities in bathrooms, fresh paint, tile floors in wet areas and appliances. The roof was replaced in 2015. Detached storage building in backyard. Security system installed. Extra concrete pad in front yard. Fenced-in backyard. Bonus room to enjoy family time. Move-in ready. Currently located directly across from the Huntsville Police Academy, soon to be the New North Huntsville Public Library and easy access to shopping centers, eateries, and grocery stores. Call now to schedule a viewing. This home won't last long.

ⓘ 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: $640 · $53/mo
• Projected year-2 tax: $820 · $68/mo
• Expected delta: +$180/yr (+$15/mo · 28.1%)

ⓘ 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 6/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% 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: $20,198
• − Mortgage interest: −$11,203
• − Property taxes: −$640
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,616
• − Management: −$1,616
• − Depreciation: −$5,818
• Taxable loss: −$1,695
• Est. tax savings @ 24.0%: +$407
• After-tax cash flow: $2,137/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): 32,843
• Household income: $51,233
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1223.0

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: Predominantly Black (69%)
• Race & ethnicity: Black 69% White 18% Hispanic / Latino 9% Two or more races 5%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Dominican 2%
• Common ancestry: Italian 2% Lithuanian 0%
• Foreign-born: 6% · Canada
• Languages at home: 92% English-only · Spanish 7%

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: ▼ -61.00%
• Current HPI: 198.9629
• Rent YoY: ▬ -0.05%
• 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

+66.7% since first listed

7 events — show timeline

• 2026-04-24 Price Changed $200,000 VMLS
• 2026-03-25 Price Changed $225,000 VMLS
• 2026-03-13 Listed $250,000 VMLS
• 2018-01-30 Sold (Public Records) $105,000 Public Records
• 2018-01-30 Sold (Public Records) $72,000 Public Records
• 2018-01-25 Sold (MLS) $105,000 VMLS
• 2017-01-12 Listed $120,000 VMLS

Property tax history

+6.0%/yr

Latest (2024): $640 · +0.0% YoY. Source: county tax records.