384 Jack Coleman Dr · Huntsville, AL 35805

$197,000

4 bd · 0.5 ba · 1,398 sqft · SingleFamily public records · 70 Days on market

Built 1961 10,454 sqft lot $141/sqft · 14% below area Est $228k · 14% under ↓ 5% 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 +16.7/30.0
• ARV discount +13.7/15.0
• DSCR +5.2/10.0
• Livability +4.1/5.0
• 1% rule +3.2/10.0
• Rent growth +3.0/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 4-bedroom, 2-bath home with a fenced backyard and storage shed, ready for its next owner! This property offers a great opportunity to make it your own with a little updating or add to your investment portfolio. Conveniently located with a straight shot down Holmes Ave to Downtown Huntsville, you’ll have easy access to local dining, entertainment, and nightlife. Enjoy close proximity to Stovehouse, Campus 805, and the growing Lowe Mill Arts District. A great opportunity in a prime location!

Key facts

• Storage shed
• Fenced backyard
• 0.24 acre lot

Tags

• FENCED BACKYARD
• STORAGE SHED
• EASY ACCESS TO LOCAL DINING
• CLOSE PROXIMITY TO STOVEHOUSE
• CLOSE PROXIMITY TO CAMPUS 805

What this means for you Summary

Snapshot

• This is a 4-bed/0.5-bath single-family listed at $197k.

Deal economics

• At list price, monthly cash flow is $121 ($1k/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 $161k (18.1% below list).
• Recommended offer: $161k (18.1% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $1,614/mo this rent would consume 55% 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 $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 70 days — a 6% lower offer ($185k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $161,402 (18.1% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — 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. 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: 0.82% ✗
• Cap rate: 7.03%
• Cash-on-cash: 2.64%
• DSCR: 1.12
• GRM: 10.2

CMA / ARV

• ARV (median comp): $228,260
• List price: $197,000
• Delta: -13.69%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
367 College Park Ct NW	0.04mi	4/1.5	1,490 (+7%)	4mo	$232,500	$156	80
3706 College Park Cir	0.12mi	4/2.0	1,500 (+7%)	4mo	$300,000	$200	73
402 Greenacres Dr NW	0.22mi	3/1.0 (-1)	1,337 (-4%)	6mo	$185,000	$138	70
3933 Mccalley Pl SW	0.45mi	3/1.0 (-1)	1,343 (-4%)	5mo	$140,000	$104	61
4206 Hawthorne Ave SW	0.43mi	3/2.0 (-1)	1,413 (+1%)	8mo	$245,000	$173	60
2201 14th St SW	0.48mi	4/2.0	1,531 (+10%)	2mo	$229,000	$150	54
2418 Crestwood Dr SW	0.63mi	3/1.5 (-1)	1,326 (-5%)	1mo	$210,000	$158	52
4005 Saundralane Dr NW	0.22mi	3/1.0 (-1)	1,200 (-14%)	9mo	$190,000	$158	52
3605 6th Ave SW	0.61mi	4/1.0	1,300 (-7%)	10mo	$161,500	$124	49
3509 7th Ave	0.71mi	3/2.0 (-1)	1,489 (+6%)	10mo	$87,000	$58	37
707 Hal St NW	0.68mi	3/2.0 (-1)	1,212 (-13%)	9mo	$181,000	$149	28
823 Crestline Cir	0.68mi	3/2.0 (-1)	1,580 (+13%)	17mo	$169,900	$108	21

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: -13.3%
• Equity multiple: 0.53×
• Total profit: $-26,193
• Equity at exit: $29,373

10-year hold

• IRR: -6.2%
• Equity multiple: 0.62×
• Total profit: $-20,869
• Equity at exit: $17,033

Cash invested: $55,160 (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: 10.2×

Monthly cashflow live

• Estimated rent: $1,614 high
• Mortgage (P&I): −$1,033
• Tax from tax record: −$39 /mo · $463/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $121

Break-even live

Break-even rent $1,460

Max offer price $197,000

Occupancy floor 87%

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: $49,250
• Closing costs: $5,910
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
407 Warner St NW Huntsville, AL	3.0	1.0	1015	$1,295	$1.28	23d	1	0.31mi
3912 Pine Ave SW Huntsville, AL	3.0	1.0	1350	$1,450	$1.07	23d	1	0.32mi
3700 Governors Dr SW Huntsville, AL	3.0	1.0–2.0	1547	$2,588	$1.67	13d	58	0.48mi
604 Austin Dr NW Huntsville, AL	3.0	1.0	1075	$1,350	$1.26	23d	1	0.50mi
608 Austin Dr NW Huntsville, AL	3.0	1.5	1100	$1,350	$1.23	23d	1	0.50mi
603 Austin Dr NW Huntsville, AL	3.0	1.0	1086	$1,450	$1.34	43d	1	0.52mi
4611 Governors House Dr SW Huntsville, AL	3.0	1.0–2.0	1149	$1,995	$1.74	13d	12	0.54mi
909 Woodall Ln NW Huntsville, AL	3.0	2.0	1368	$1,695	$1.24	43d	1	0.54mi
4206 Holmes Ave NW Huntsville, AL	3.0	1.5	1266	$1,800	$1.42	43d	1	0.54mi
4405 Judith Ln SW Huntsville, AL	1.0–3.0	1.0–2.0	937	$1,149	$1.23	43d	8	0.66mi
612 Marguerite Dr NW Huntsville, AL	3.0	1.0	1040	$1,400	$1.35	43d	1	0.75mi
609 10th St NW Huntsville, AL	4.0	2.0	1140	$1,650	$1.45	23d	1	0.76mi
3016 Holmes Ave NW Huntsville, AL	3.0	1.0	1092	$1,275	$1.17	23d	1	0.84mi
3902 Harwood Ave SW Huntsville, AL	3.0	1.5	1248	$1,400	$1.12	23d	1	1.04mi
1409 Lancewood Dr NW Huntsville, AL	1.0–3.0	1.0	900	$899	$1.00	13d	10	1.19mi
2700 Union Dr NW Huntsville, AL	3.0	2.0	1340	$1,450	$1.08	21d	1	1.26mi
1601 Armstrong St NW Huntsville, AL	3.0	1.0	1200	$1,195	$1.00	43d	1	1.29mi
3204 Berkley St SW Huntsville, AL	3.0	1.5	1118	$1,400	$1.25	23d	1	1.31mi
3206 Bayless Dr SW Huntsville, AL	3.0	2.0	1150	$1,400	$1.22	13d	1	1.33mi
2714 9th Ave SW Huntsville, AL	3.0	2.0	1300	$1,500	$1.15	43d	1	1.36mi
3218 Joslin St SW Huntsville, AL	3.0	1.5	1107	$1,495	$1.35	23d	1	1.41mi
3218 Fairacres Rd SW Huntsville, AL	3.0	1.5	1105	$1,300	$1.18	43d	1	1.42mi
2700 9th Ave SW Huntsville, AL	3.0	2.0	1469	$1,495	$1.02	43d	1	1.42mi
3606 Crestmore Ave NW Huntsville, AL	4.0	2.0	1275	$1,400	$1.10	21d	1	1.45mi
3009 Hillsboro Rd SW Huntsville, AL	3.0	1.0	1000	$1,250	$1.25	23d	1	1.46mi
3502 Penny St SW Unit B Huntsville, AL	3.0	2.0	1000	$1,200	$1.20	43d	1	1.47mi

Listing history 16 events

1. 2026-06-18
   pricedays on market $197,000 Active 70 DOM
2. 2026-06-17
   days on market $205,000 Active 69 DOM
3. 2026-06-16
   days on market $205,000 Active 68 DOM
4. 2026-06-15
   days on market $205,000 Active 67 DOM
5. 2026-06-14
   days on market $205,000 Active 65 DOM
6. 2026-06-10
   days on market $205,000 Active 62 DOM
7. 2026-06-09
   days on market $205,000 Active 61 DOM
8. 2026-06-08
   days on market $205,000 Active 60 DOM
9. 2026-06-07
   days on market $205,000 Active 59 DOM
10. 2026-06-03
    days on market $205,000 Active 55 DOM
11. 2026-06-02
    days on market $205,000 Active 54 DOM
12. 2026-06-01
    days on market $205,000 Active 53 DOM
13. 2026-05-31
    days on market $205,000 Active 52 DOM
14. 2026-05-30
    days on market $205,000 Active 51 DOM
15. 2026-04-28
    price $205,000 509-char remark

    Show marketing remark (509 chars)

    Charming 4-bedroom, 2-bath home with a fenced backyard and storage shed, ready for its next owner! This property offers a great opportunity to make it your own with a little updating or add to your investment portfolio. Conveniently located with a straight shot down Holmes Ave to Downtown Huntsville, you’ll have easy access to local dining, entertainment, and nightlife. Enjoy close proximity to Stovehouse, Campus 805, and the growing Lowe Mill Arts District. A great opportunity in a prime location!

16. 2026-04-09
    listed $215,000 Active 509-char remark

    Show marketing remark (509 chars)

    Charming 4-bedroom, 2-bath home with a fenced backyard and storage shed, ready for its next owner! This property offers a great opportunity to make it your own with a little updating or add to your investment portfolio. Conveniently located with a straight shot down Holmes Ave to Downtown Huntsville, you’ll have easy access to local dining, entertainment, and nightlife. Enjoy close proximity to Stovehouse, Campus 805, and the growing Lowe Mill Arts District. A great opportunity in a prime location!

ⓘ 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: $463 · $39/mo
• Projected year-2 tax: $808 · $67/mo
• Expected delta: +$345/yr (+$29/mo · 74.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 69% 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 17% 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: $19,368
• − Mortgage interest: −$11,035
• − Property taxes: −$463
• − Insurance: −$985
• − Repairs & maintenance: −$1,549
• − Management: −$1,549
• − Depreciation: −$5,731
• Taxable loss: −$1,945
• Est. tax savings @ 24.0%: +$467
• After-tax cash flow: $1,922/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

-4.7% since first listed

2 events — show timeline

• 2026-04-28 Price Changed $205,000 VMLS
• 2026-04-09 Listed $215,000 VMLS