1004 Stones Throw Dr NW · Huntsville, AL 35806

$175,000

2 bd · 1.0 ba · 1,266 sqft · Condo public records · 13 Days on market

Built 1986 $209/mo HOA · 15% of rent

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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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +6.9/30.0
• Livability +4.1/5.0
• Rent growth +3.1/5.0
• 1% rule +2.9/10.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• DSCR +1.1/10.0

Listing remarks

Fantastic opportunity to own a move-in ready 2-bedroom, 2-bath ground-floor condo in an unbeatable Huntsville location! Just minutes from MidCity, Redstone Arsenal, UAH, Research Park, shopping, dining, and entertainment. This well-maintained home features crown molding, abundant natural light, and a functional layout with isolated bedrooms, each offering a private full bath for added privacy. The primary suite has a walk- in closet, and provides direct access to a covered patio, creating the perfect spot to enjoy your morning coffee or unwind after a long day. Enjoy low-maintenance living with easy ground-level access and a location that puts you close to everything Huntsville has to offer

Key facts

• Ground floor condo
• Covered patio
• Walk in closet

Tags

• GROUND FLOOR CONDO
• PRIVATE FULL BATH
• WALK IN CLOSET
• COVERED PATIO
• LOW MAINTENANCE LIVING
• EASY GROUND LEVEL ACCESS

Property features AI

Finance

• Other: Directions: From Research Park go east on University, left on Old Monrovia, left into Stones Throw; condo is in the first building.
• HOA & community: Homeowners association with a $209 monthly fee; Subdivision: Stones Throw Condo

Exterior

• Parking: Parking lot
• Utilities: Public sewer
• Home design: Residential condominium; New construction: No; Living area approximately 1,260 square feet
• Construction: Vinyl siding; Slab foundation
• Exterior features: Public water

Interior

• Kitchen: Range; Dishwasher; Microwave; Refrigerator
• Bedrooms: Total of 6 rooms (bedrooms and living areas combined)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central cooling
• Interior features: One fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $175k.

Deal economics

• At list price, monthly cash flow is $-264 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $128k (26.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $138k (21.0% below list).
• Recommended offer: $128k (26.6% below list) — sets the bar for cash-flow.

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: Providence Elementary (math 14% / reading 42%, grade F, #385 of 627 statewide, top 62%, 848 students, 52% FRL); Williams Middle School (math 16% / reading 50%, grade F, #101 of 257 statewide, top 40%, 548 students, 58% FRL); Columbia High School (math 12% / reading 17%, grade F, #220 of 305 statewide, top 77%, 954 students, 50% FRL).
• Market conditions: Rents rising (+2.6%/yr); 213 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $92k; list at $175k implies a 89% gain — meaningful room to come down on a strong offer.

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 $128,409 (26.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
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 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: 0.79% ✗
• Cap rate: 4.48%
• Cash-on-cash: -6.46%
• DSCR: 0.71
• GRM: 10.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 2.57% rent growth · sell at horizon

5-year hold

• IRR: 19.6%
• Equity multiple: 2.59×
• Total profit: $78,027
• Equity at exit: $157,654

10-year hold

• IRR: 17.9%
• Equity multiple: 5.94×
• Total profit: $242,019
• Equity at exit: $339,987

Cash invested: $49,000 (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 35806

• Home prices YoY: 20.0%
• Rents YoY: 2.6%
• Active inventory: 213
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,382 high
• Mortgage (P&I): −$918
• Tax from tax record: −$156 /mo · $1,872/yr
• Insurance: −$73
• HOA: −$209
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $-264

Break-even live

Break-even rent $1,716

Max offer price $128,409

Occupancy floor —

Sensitivity live

Price	-10% $-165	-5% $-214	+0% $-264	+5% $-313	+10% $-363
Rent	-10% $-373	-5% $-318	+0% $-264	+5% $-209	+10% $-155
Rate	-1.0pp $-176	-0.5pp $-219	base $-264	+0.5pp $-309	+1.0pp $-355

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1002 Stones Throw Dr NW Unit 1 Huntsville, AL	1.0	1.0	976	$1,150	$1.18	44d	1	0.03mi
1060 Sandy Springs Rd NW Huntsville, AL	3.0	2.0	1297	$1,700	$1.31	24d	1	0.07mi
1155 Old Monrovia Rd NW Unit I Huntsville, AL	2.0	2.0	1075	$1,295	$1.20	14d	1	0.09mi
1085 Stones Throw Dr NW Unit 1 Huntsville, AL	2.0	2.0	1400	$1,225	$0.88	44d	1	0.10mi
1155 Old Monrovia Rd NW Huntsville, AL	2.0	2.0	1050	$1,246	$1.19	22d	1	0.11mi
1155 Old Monrovia Rd NW Huntsville, AL	1.0–2.0	1.0–2.0	950	$1,300	$1.37	14d	3	0.11mi
100 Chawston Ave NW Huntsville, AL	1.0–3.0	1.0–2.5	1133	$1,757	$1.55	14d	31	0.18mi
6644 Willow Pointe Dr NW Unit A Huntsville, AL	2.0	2.0	1044	$1,025	$0.98	14d	1	0.31mi
1908 Catchings Dr NW Huntsville, AL	3.0	2.0	1196	$1,295	$1.08	14d	1	0.49mi
1325 Old Monrovia Rd NW Huntsville, AL	1.0–4.0	1.0–2.0	1262	$1,506	$1.19	14d	23	0.50mi
925 Makers Way NW Huntsville, AL	3.0	1.0–2.0	1072	$1,967	$1.83	24d	52	0.55mi
1100 Enterprise Way Huntsville, AL	1.0–3.0	1.0–2.0	1059	$1,599	$1.51	14d	35	0.55mi
6170 Kitt Ln NW Huntsville, AL	1.0–3.0	1.0–2.0	1031	$1,360	$1.32	14d	31	0.57mi
5810 Stax St NW Huntsville, AL	3.0	1.0–2.0	1188	$2,175	$1.83	14d	237	0.57mi
5801 Sanderson St NW Huntsville, AL	1.0–3.0	1.0–2.0	1088	$1,564	$1.44	14d	14	0.75mi
1001 Cernan Dr NW Huntsville, AL	1.0–3.0	1.0–2.5	1011	$1,752	$1.73	14d	19	0.75mi
6200 Rime Village Dr NW Huntsville, AL	3.0	1.0–2.0	1015	$1,364	$1.34	14d	45	0.76mi
930 Blue Mound Ln NW Huntsville, AL	1.0–2.0	1.0–2.0	967	$1,640	$1.70	14d	19	0.77mi
335 Culbertson Dr Huntsville, AL	1.0–3.0	1.0–3.0	1008	$1,942	$1.93	14d	1	0.84mi
4931 Cotton Row NW Unit C Huntsville, AL	2.0	1.5	995	$950	$0.95	44d	1	0.87mi
650 Wynn Dr NW Huntsville, AL	1.0–2.0	1.0–2.0	820	$1,109	$1.35	14d	2	0.97mi
5001 Galaxy Way NW Huntsville, AL	1.0–2.0	1.0–2.0	796	$1,099	$1.38	24d	6	0.98mi
5001 7 Pine Cir Unit 1 Huntsville, AL	2.0	2.0	1060	$1,400	$1.32	44d	1	1.02mi
1505 Sparkman Dr NW Huntsville, AL	2.0–3.0	1.5–2.0	1150	$1,069	$0.93	22d	4	1.08mi
1725 Millican Pl NW Huntsville, AL	3.0	2.0	1200	$1,295	$1.08	44d	1	1.10mi
1589 Old Monrovia Rd NW Huntsville, AL	2.0–3.0	2.5–3.5	1657	$1,899	$1.15	14d	17	1.10mi
1501 Old Monrovia Rd NW Huntsville, AL	1.0–3.0	1.0–2.0	948	$1,392	$1.47	14d	20	1.14mi
1601 Sparkman Dr NW Unit 108 Huntsville, AL	2.0	2.0	1072	$950	$0.89	44d	1	1.14mi
1535 Sparkman Dr NW Huntsville, AL	2.0	1.0–1.5	940	$1,169	$1.24	44d	1	1.16mi
100 Rockcrest Dr NW Huntsville, AL	1.0–2.0	1.0–2.0	1000	$1,747	$1.75	14d	12	1.19mi
1503 Halston Cir NW Unit D Huntsville, AL	2.0	2.0	1030	$850	$0.83	44d	1	1.24mi
1510 Halston Cir NW Unit A Huntsville, AL	2.0	2.0	1000	$850	$0.85	44d	1	1.27mi
6500 Walden Run Huntsville, AL	1.0–3.0	1.0–2.0	1060	$1,385	$1.31	14d	104	1.32mi
1801 Carson Ln NW Huntsville, AL	3.0	3.0	1405	$2,000	$1.42	14d	1	1.34mi
1500 Sparkman Dr NW Huntsville, AL	1.0–2.0	1.0	725	$970	$1.34	44d	12	1.38mi
4810 Bradford Dr NW Huntsville, AL	2.0	1.0–2.0	898	$2,204	$2.45	14d	16	1.40mi
149 Indian Creek Rd NW Huntsville, AL	1.0–2.0	1.0–2.0	921	$1,550	$1.68	14d	15	1.41mi
500 Providence Main St NW Huntsville, AL	1.0–3.0	1.0–2.0	1090	$1,500	$1.38	14d	35	1.42mi
4706 Whitehall Dr NW Huntsville, AL	3.0	2.0	1469	$1,550	$1.06	22d	1	1.42mi
4515 Bonnell Dr NW Huntsville, AL	1.0–2.0	1.0–2.0	800	$1,099	$1.37	14d	8	1.44mi

HOA detail condo

• Monthly dues: $209 · $2,508/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 10 events

1. 2026-06-18
   days on market $175,000 Active 13 DOM
2. 2026-06-17
   days on market $175,000 Active 12 DOM
3. 2026-06-16
   days on market $175,000 Active 11 DOM
4. 2026-06-15
   days on market $175,000 Active 10 DOM
5. 2026-06-14
   days on market $175,000 Active 8 DOM
6. 2026-06-10
   days on market $175,000 Active 5 DOM
7. 2026-06-09
   days on market $175,000 Active 4 DOM
8. 2026-06-08
   days on market $175,000 Active 3 DOM
9. 2026-06-07
   remarks 699-char remark
10. 2026-06-07
    listed $175,000 Active 2 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: $1,872 · $156/mo
• Projected year-2 tax: $1,872 · $156/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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,586
• − Mortgage interest: −$9,803
• − Property taxes: −$1,872
• − Insurance: −$875
• − Repairs & maintenance: −$1,327
• − Management: −$1,327
• − HOA: −$2,508
• − Depreciation: −$5,091
• Taxable loss: −$6,217
• Est. tax savings @ 24.0%: +$1,492
• After-tax cash flow: $-1,673/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

+165.4% since first listed

6 events — show timeline

• 2026-06-05 Listed $175,000 VMLS
• 2024-08-14 Price Changed $179,000 Greater Alabama MLS
• 2019-05-06 Sold (Public Records) $92,500 Public Records
• 2009-08-31 Sold (Public Records) $92,333 Public Records
• 2009-03-24 Sold (Public Records) $72,000 Public Records
• 2006-09-05 Sold (Public Records) $65,950 Public Records

Property tax history

+6.9%/yr

Latest (2024): $1,872 · +0.0% YoY. Source: county tax records.