3506 Triana Blvd · Huntsville, AL 35805

$229,900

3 bd · 1.0 ba · 2,648 sqft · SingleFamily public records · 56 Days on market

Built 1900 10,018 sqft lot $87/sqft · 15% below area Est $361k · 36% under ↓ 32% since listing

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Why this score? — see what drove the C 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 +18.8/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +4.3/10.0
• Livability +4.1/5.0
• Rent growth +3.0/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome Home To This 3 Bedroom 2 Bath Home in Historic Merrimack Village! Modern updates meet historic charm in the updated kitchen, complete with shaker style cabinets. A spacious and open floorplan make hosting your next gathering a breeze. All three bedrooms are generously sized. AND don't miss the TWO cozy fireplaces and a staircase worthy of your next grand entrance! Brand New Roof! Adjacent to Merrimack Park, convenient shopping and Close Proximity to Arts and Entertainment and Dining at Lowe Mille, Stovehouse and Campus 805. Centrally Located, just minutes to Downtown Huntsville and Redstone.

Key facts

• Centrally located
• Updated kitchen
• 0.23 acre lot

Tags

• UPDATED KITCHEN
• SHAKER STYLE CABINETS
• THREE COZY FIREPLACES
• GRAND ENTRANCE STAIRCASE
• ADJACENT TO MERRIMACK PARK
• CENTRALLY LOCATED

Property features AI

Finance

• Other: Directions: West on Drake Ave, right on Triana Blvd; house on the left
• HOA & community: No homeowners association; Subdivision: Huntsville Park

Exterior

• Parking: Alley access
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Single-family residence; Two-story; Originally built in 1900; Vinyl siding; Has fireplace
• Construction: Vinyl siding construction; Built in 1900
• Exterior features: Public water; Public sewer; Lot measures about 100 x 100 (0.23 acre)

Interior

• Bathrooms: Two full bathrooms
• Heating & cooling: Central cooling (2 units); Natural gas heating
• Interior features: Crawl space basement; Gas log fireplace; Eight total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $231 ($3k/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 $215k (6.7% below list).
• Recommended offer: $215k (6.7% below list) — sets the bar for 1% rule.
• Cap rate 7.5% 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: Ridgecrest Elementary School (math 8% / reading 35%, grade F, #450 of 627 statewide, top 72%, 511 students, 85% FRL); Columbia High School (math 12% / reading 17%, grade F, #220 of 305 statewide, top 77%, 954 students, 50% FRL) — zoned schools average 68% FRL vs 46% district-wide (21 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 (+1.8%/yr); 133 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).
• At $2,146/mo this rent would consume 73% of the median local household income ($35k/yr) (locally 1750% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 56 days — a 3% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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 1900 — expect roof / HVAC / electrical / plumbing capex.
• 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 $214,608 (6.7% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — 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: 0.93% ✗
• Cap rate: 7.50%
• Cash-on-cash: 4.30%
• DSCR: 1.19
• GRM: 8.9

CMA / ARV

• ARV (median comp): $361,443
• List price: $229,900
• Delta: -36.39%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3707 Clopton St SW	0.24mi	4/4.0 (+1)	2,575 (-3%)	13mo	$309,900	$120	57
3224 Alpine St SW	0.27mi	3/3.0	2,439 (-8%)	23mo	$280,000	$115	47

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 · 1.82% rent growth · sell at horizon

5-year hold

• IRR: -10.8%
• Equity multiple: 0.61×
• Total profit: $-25,121
• Equity at exit: $34,279

10-year hold

• IRR: -3.2%
• Equity multiple: 0.79×
• Total profit: $-13,224
• Equity at exit: $19,878

Cash invested: $64,372 (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: 8.9×

Monthly cashflow live

• Estimated rent: $2,146 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$163 /mo · $1,959/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$451
• Net cashflow: $231

Break-even live

Break-even rent $1,854

Max offer price $229,900

Occupancy floor 84%

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4200 Textile Ln SW Huntsville, AL	4.0	2.5	2392	$2,200	$0.92	13d	1	0.89mi
3000 9th Ave SW Huntsville, AL	3.0	2.5	2523	$2,695	$1.07	23d	1	1.06mi
2907 8th Ave SW Huntsville, AL	3.0	2.5	2000	$2,000	$1.00	43d	1	1.10mi
3700 Governors Dr SW Huntsville, AL	3.0	1.0–2.0	1547	$2,588	$1.67	13d	58	1.44mi

Listing history 21 events

1. 2026-06-18
   days on market $229,900 Active 56 DOM
2. 2026-06-17
   pricedays on market $229,900 Active 55 DOM
3. 2026-06-16
   days on market $239,900 Active 54 DOM
4. 2026-06-15
   days on market $239,900 Active 53 DOM
5. 2026-06-14
   days on market $239,900 Active 51 DOM
6. 2026-06-10
   days on market $239,900 Active 48 DOM
7. 2026-06-09
   days on market $239,900 Active 47 DOM
8. 2026-06-08
   days on market $239,900 Active 46 DOM
9. 2026-06-07
   days on market $239,900 Active 45 DOM
10. 2026-06-03
    days on market $239,900 Active 41 DOM
11. 2026-06-02
    days on market $239,900 Active 40 DOM
12. 2026-06-01
    days on market $239,900 Active 39 DOM
13. 2026-05-31
    days on market $239,900 Active 38 DOM
14. 2026-05-30
    days on market $239,900 Active 37 DOM
15. 2026-04-23
    listed $239,900 Active 609-char remark
16. 2025-07-02
    historical
17. 2025-02-23
    price $250,000
18. 2024-10-28
    price $289,999
19. 2024-06-28
    price $299,999
20. 2024-04-09
    listed $337,600 Active
21. 2024-03-19
    listed $337,600

ⓘ 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: $1,959 · $163/mo
• Projected year-2 tax: $1,959 · $163/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 19% 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: $25,753
• − Mortgage interest: −$12,878
• − Property taxes: −$1,959
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,060
• − Management: −$2,060
• − Depreciation: −$6,688
• Taxable loss: −$1,042
• Est. tax savings @ 24.0%: +$250
• After-tax cash flow: $3,019/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): 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

-31.9% since first listed

8 events — show timeline

• 2026-06-16 Price Changed $229,900 VMLS
• 2026-04-23 Listed $239,900 VMLS
• 2025-07-02 Delisted — VMLS
• 2025-02-23 Price Changed $250,000 VMLS
• 2024-10-28 Price Changed $289,999 VMLS
• 2024-06-28 Price Changed $299,999 VMLS
• 2024-04-09 Listed $337,600 VMLS
• 2024-03-19 Listed $337,600 VMLS

Property tax history

+1.0%/yr

Latest (2024): $1,959 · +0.0% YoY. Source: county tax records.