6103 Deramus Ave SW · Huntsville, AL 35806

$295,000

4 bd · 1.0 ba · 1,647 sqft · SingleFamily public records · 1 Days on market

Built 1961 0.36 ac lot Est $245k · 20% over

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Why this score? — see what drove the F 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
• Cash flow +8.0/30.0
• Livability +4.1/5.0
• Rent growth +3.1/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• 1% rule +1.2/10.0
• ARV discount +0.0/15.0

Listing remarks

CHECK OUT THIS FULLY RENOVATED HOME NESTLED IN THE HEART OF HUNTSVILLE! EQUIPPED WITH 4 BEDS, 2 BATHS, NEW ROOF, NEW HVAC/DUCTWORK, NEW ELECTRICAL, NEW PLUMBING, NEW PAINT, NEW FLOORING, QUARTZ COUNTERTOPS, APPLIANCE PACKAGE, NEW CABINETS, FENCED IN BACKYARD, CONCRETE BACK PATIO AND SO MUCH MORE! CONVENIENTLY LOCATED OFF OF I-565, THIS HOME OFFERS EASY ACCESS TO BRIDGE STREET, REDSTONE ARSENAL, THE SPACE AND ROCKET CENTER, UAH, CALHOUN COMMUNITY COLLEGE, TOWN MADISON, MID CITY AND DOWNTOWN HUNTSVILLE! THE SPACIOUS LIVING ROOM WILL BE GREAT FOR ENTERTAINING FAMILY/FRIENDS AND ALSO RELAXING! YOUR MASTER BEDROOM HAS A EN-SUITE BATHROOM WITH A FULLY TILED WALK-IN SHOWER! QUALIFIES FOR 100% FNCN

Key facts

• New plumbing
• Fully renovated home
• New hvac ductwork

Tags

• FULLY RENOVATED HOME
• NEW ROOF
• NEW HVAC DUCTWORK
• NEW ELECTRICAL
• NEW PLUMBING
• NEW PAINT

Property features AI

Finance

• Other: Lot approximately 0.36 acres
• HOA & community: No homeowners association

Exterior

• Parking: Concrete driveway
• Utilities: Public water; Public sewer
• Home design: Single family residence; One-story; Built in 1961; Residential property in the Sherwood Park subdivision; Crawl space foundation
• Construction: Electric fireplace (feature noted in building details)
• Exterior features: Public water; Public sewer

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central cooling
• Interior features: Electric fireplace

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $-304 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $241k (18.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $183k (37.9% below list).
• Recommended offer: $183k (37.9% below list) — sets the bar for 1% rule.
• Cap rate 5.1% 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: Morris Elementary School (math 5% / reading 31%, grade F, #481 of 627 statewide, top 77%, 515 students, 90% FRL); Columbia High School (math 12% / reading 17%, grade F, #220 of 305 statewide, top 77%, 954 students, 50% FRL) — zoned schools average 70% FRL vs 46% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 16% at this address vs 34% district-wide (-17 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 (+2.6%/yr); 213 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); 54% 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

• In year one you build about $32k of equity ($2k loan paydown + $30k 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 ~$51k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

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 $183,139 (37.9% 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. Built in 1961 — 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. 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?
6. 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.
7. 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.
8. 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: 0.62% ✗
• Cap rate: 5.06%
• Cash-on-cash: -4.42%
• DSCR: 0.80
• GRM: 13.4

CMA / ARV

• ARV (on-the-fly): $245,403
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6110 Stratford Ct NW	0.08mi	3/2.0 (-1)	1,671 (+2%)	2mo	$249,000	$149	83
6418 Robinhood Ln	0.19mi	3/2.0 (-1)	1,648 (+0%)	3mo	$235,000	$143	80
6411 Robinhood Ln NW	0.13mi	3/2.0 (-1)	1,599 (-3%)	5mo	$220,000	$138	76
6206 NW Stratford Ct	0.21mi	3/2.0 (-1)	1,800 (+9%)	3mo	$185,000	$103	64
303 Blocker St NW	0.42mi	3/2.0 (-1)	1,580 (-4%)	9mo	$285,000	$180	57
504 Delaney Rd NW	0.36mi	4/3.0	1,804 (+10%)	3mo	$285,000	$158	57
6112 Stratford Ct NW	0.10mi	3/2.0 (-1)	1,888 (+15%)	6mo	$225,000	$119	57
505 NW Greendale Dr	0.71mi	4/2.0	1,601 (-3%)	4mo	$265,000	$166	55
520 Spencer Dr	0.49mi	4/2.0	1,465 (-11%)	9mo	$202,000	$138	47
511 Jeffery Dr NW	0.55mi	3/2.0 (-1)	1,450 (-12%)	2mo	$248,000	$171	44
507 Forrest Park Ct	0.55mi	3/2.0 (-1)	1,437 (-13%)	2mo	$300,000	$209	42
319 Forrest Park Ct NW	0.60mi	3/2.0 (-1)	1,852 (+12%)	7mo	$265,000	$143	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 21.0%
• Equity multiple: 2.70×
• Total profit: $140,367
• Equity at exit: $265,759

10-year hold

• IRR: 19.0%
• Equity multiple: 6.17×
• Total profit: $426,712
• Equity at exit: $573,120

Cash invested: $82,600 (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: 13.4×

Monthly cashflow live

• Estimated rent: $1,831 high
• Mortgage (P&I): −$1,547
• Tax from tax record: −$81 /mo · $970/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $-304

Break-even live

Break-even rent $2,216

Max offer price $241,304

Occupancy floor —

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
413 Harolds Dr NW Huntsville, AL	3.0	2.0	1700	$1,795	$1.06	44d	1	0.03mi
400 Harolds Dr NW Huntsville, AL	3.0	2.0	1750	$1,795	$1.03	44d	1	0.12mi
6315 Old Madison Pike NW Huntsville, AL	1.0–3.0	1.0–1.5	1065	$1,437	$1.35	44d	1	0.38mi
6407 Marsh Ave NW Huntsville, AL	3.0	2.0	1600	$1,699	$1.06	44d	1	0.47mi
400 Forrest Park Ct NW Huntsville, AL	3.0	3.0	2021	$1,800	$0.89	44d	1	0.47mi
511 Delaney Rd NW Huntsville, AL	3.0	2.0	1550	$1,550	$1.00	44d	1	0.48mi
505 Forrest Park Ct NW Huntsville, AL	3.0	2.5	2091	$2,200	$1.05	14d	1	0.56mi
6854 Governors West NW Huntsville, AL	1.0–3.0	1.0–2.0	1083	$1,662	$1.53	14d	16	0.99mi
320 Voyager Way NW Huntsville, AL	1.0–3.0	1.0–2.0	1063	$1,714	$1.61	21d	19	1.08mi
5801 Sanderson St NW Huntsville, AL	1.0–3.0	1.0–2.0	1088	$2,016	$1.85	14d	14	1.17mi
5810 Stax St NW Huntsville, AL	3.0	1.0–2.0	1188	$2,705	$2.28	14d	237	1.35mi
925 Makers Way NW Huntsville, AL	3.0	1.0–2.0	1072	$2,455	$2.29	23d	52	1.37mi
603 Austin Dr NW Huntsville, AL	3.0	1.0	1086	$1,450	$1.34	44d	1	1.48mi

Listing history 1 events

1. 2026-05-22
   listed $295,000 Active

ⓘ 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: $970 · $81/mo
• Projected year-2 tax: $1,210 · $101/mo
• Expected delta: +$240/yr (+$20/mo · 24.7%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% 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: $21,977
• − Mortgage interest: −$16,525
• − Property taxes: −$970
• − Insurance: −$1,475
• − Repairs & maintenance: −$1,758
• − Management: −$1,758
• − Depreciation: −$8,582
• Taxable loss: −$9,091
• Est. tax savings @ 24.0%: +$2,182
• After-tax cash flow: $-1,466/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

1 event — show timeline

• 2026-05-22 Listed $295,000 VMLS

Property tax history

+6.3%/yr

Latest (2024): $970 · +6.2% YoY. Source: county tax records.