2001 Woodlawn Dr · Huntsville, AL 35802

$110,000

1 bd · 1.0 ba · 752 sqft · Condo public records · 112 Days on market

Built 1982 $146/sqft · 25% below area Est $153k · 28% under $288/mo HOA · 28% 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).

• ARV discount +15.0/15.0
• Cash flow +7.2/30.0
• 1% rule +4.3/10.0
• Livability +4.1/5.0
• Rent growth +3.5/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• DSCR +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enjoy maintenance free living in this one level condo minutes to Gate 1 of Redstone Arsenal. Within a short commute of south parkway shopping, eating and other adventurous activities.

Key facts

• Short commute
• One level condo
• $288 HOA

Tags

• MAINTENANCE FREE LIVING
• ONE LEVEL CONDO
• SHORT COMMUTE

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $110k.

Deal economics

• At list price, monthly cash flow is $-153 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $83k (24.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $103k (6.6% below list).
• Recommended offer: $83k (24.6% below list) — sets the bar for cash-flow.
• Cap rate 4.6% vs local median 3.8% in Huntsville — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 fast (+4.1%/yr); 227 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 43% 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).
• This rent is only 16% of the median local income ($76k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k 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 112 days — a 9% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y 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: HOA is 28% of rent.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $82,976 (24.6% 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. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.93% ✗
• Cap rate: 4.62%
• Cash-on-cash: -5.96%
• DSCR: 0.73
• GRM: 8.9

CMA / ARV

• ARV (median comp): $153,372
• List price: $110,000
• Delta: -28.28%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.08% rent growth · sell at horizon

5-year hold

• IRR: -24.8%
• Equity multiple: 0.15×
• Total profit: $-26,298
• Equity at exit: $16,401

10-year hold

• IRR: -16.5%
• Equity multiple: 0.02×
• Total profit: $-30,139
• Equity at exit: $9,511

Cash invested: $30,800 (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 35802

• Home prices YoY: -30.7%
• Rents YoY: 4.1%
• Active inventory: 227
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,027 high
• Mortgage (P&I): −$577
• Tax from tax record: −$54 /mo · $647/yr
• Insurance: −$46
• HOA: −$288
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $-153

Break-even live

Break-even rent $1,221

Max offer price $82,976

Occupancy floor —

Sensitivity live

Price	-10% $-91	-5% $-122	+0% $-153	+5% $-184	+10% $-215
Rent	-10% $-234	-5% $-194	+0% $-153	+5% $-112	+10% $-72
Rate	-1.0pp $-98	-0.5pp $-125	base $-153	+0.5pp $-181	+1.0pp $-210

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2136 Belle Grove Dr SW Unit 2136 Huntsville, AL	1.0	1.0	787	$1,000	$1.27	22d	1	0.03mi
3016 Live Oak Ln SW Unit na Huntsville, AL	2.0	1.5	1030	$995	$0.97	45d	1	0.08mi
2007 Reaches Pl SW Unit D Huntsville, AL	2.0	2.5	1088	$1,250	$1.15	24d	1	0.20mi
2005 Reaches Pl SW Unit 2005 Huntsville, AL	2.0	3.0	1088	$1,850	$1.70	15d	1	0.22mi
8003 Benaroya Ln SW Huntsville, AL	1.0–2.0	1.0–2.0	800	$824	$1.03	15d	28	0.31mi
4100 Memorial Pkwy SW Huntsville, AL	1.0–2.0	1.0–1.5	1050	$666	$0.63	24d	26	0.56mi
8050 Lenox Ln SW Huntsville, AL	2.0	1.0	878	$1,250	$1.42	15d	1	0.75mi
4026 Hunters Ridge Dr SW Unit 3 Huntsville, AL	2.0	1.0	750	$825	$1.10	45d	1	0.77mi
4035 Hunters Ridge Dr SW Unit 8 Huntsville, AL	1.0	1.0	570	$699	$1.23	24d	1	0.77mi
4035 Hunters Ridge Dr SW Unit 4 Huntsville, AL	1.0	1.0	570	$650	$1.14	45d	1	0.77mi
4029 Hunters Ridge Dr SW Unit 7 Huntsville, AL	2.0	1.0	750	$825	$1.10	45d	1	0.79mi
8142 Oldfield Rd SW Unit 3 Huntsville, AL	2.0	2.0	1000	$1,400	$1.40	45d	1	0.86mi
4115 Hunters Ridge Dr SW Unit 4 Huntsville, AL	1.0	1.0	570	$725	$1.27	45d	1	0.87mi
4117 Hunters Ridge Dr SW Unit 11 Huntsville, AL	2.0	1.0	750	$825	$1.10	15d	1	0.89mi
4117 Hunters Ridge Dr SW Unit 4 Huntsville, AL	1.0	1.0	570	$699	$1.23	24d	1	0.89mi
4015 Hunters Ridge Dr SW Unit 8 Huntsville, AL	1.0	1.0	570	$699	$1.23	24d	1	0.90mi
3929 Highridge Dr SW Unit A Huntsville, AL	2.0	1.0	833	$875	$1.05	45d	1	0.98mi
3929 Highridge Dr SW Unit D Huntsville, AL	2.0	1.0	781	$825	$1.06	45d	1	0.98mi
2225 Golf Rd SW Unit 101-1 Huntsville, AL	2.0	1.5	1080	$1,500	$1.39	45d	1	1.05mi
2225 Golf Rd SW Huntsville, AL	1.0–2.0	1.0–2.0	744	$925	$1.24	24d	2	1.07mi
850 Haysland Rd SW Huntsville, AL	1.0–3.0	1.0–2.0	1187	$1,331	$1.12	15d	21	1.48mi

HOA detail condo

• Monthly dues: $288 · $3,456/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-18
   days on market $110,000 Active 112 DOM
2. 2026-06-17
   days on market $110,000 Active 111 DOM
3. 2026-06-16
   days on market $110,000 Active 110 DOM
4. 2026-06-15
   days on market $110,000 Active 109 DOM
5. 2026-06-14
   days on market $110,000 Active 107 DOM
6. 2026-06-10
   days on market $110,000 Active 104 DOM
7. 2026-06-09
   days on market $110,000 Active 103 DOM
8. 2026-06-08
   days on market $110,000 Active 102 DOM
9. 2026-06-07
   days on market $110,000 Active 101 DOM
10. 2026-06-03
    days on market $110,000 Active 97 DOM
11. 2026-06-02
    days on market $110,000 Active 96 DOM
12. 2026-06-01
    days on market $110,000 Active 95 DOM
13. 2026-05-31
    days on market $110,000 Active 94 DOM
14. 2026-05-30
    days on market $110,000 Active 93 DOM
15. 2026-05-01
    price $110,000 183-char remark

    Show marketing remark (183 chars)

    Enjoy maintenance free living in this one level condo minutes to Gate 1 of Redstone Arsenal. Within a short commute of south parkway shopping, eating and other adventurous activities.

16. 2026-02-26
    listed $115,000 Active 183-char remark

    Show marketing remark (183 chars)

    Enjoy maintenance free living in this one level condo minutes to Gate 1 of Redstone Arsenal. Within a short commute of south parkway shopping, eating and other adventurous activities.

17. 2022-05-02
    soldstatus $110,000
18. 2018-09-28
    soldstatus $69,000 579-char remark

    Show marketing remark (579 chars)

    Enjoy maintenance free living in this one level condo. The unit offers new laminate flooring, stainless steel appliances and interior paint. Nice efficient kitchen. Area where you could put 2 bar stools at counter. Large living room and dining combination. The large patio allows for relaxing and grilling while enjoying the wildlife around you. This is a first level condo but there are a few step and walkway to get to front door. Walk to the pool to cool off after a long day at work. Minutes to Arsenal Gate, major shopping centers, churches and grocery stores. Welcome Home!

19. 2018-09-28
    soldstatus $131,100

    Show marketing remark (579 chars)

    Enjoy maintenance free living in this one level condo. The unit offers new laminate flooring, stainless steel appliances and interior paint. Nice efficient kitchen. Area where you could put 2 bar stools at counter. Large living room and dining combination. The large patio allows for relaxing and grilling while enjoying the wildlife around you. This is a first level condo but there are a few step and walkway to get to front door. Walk to the pool to cool off after a long day at work. Minutes to Arsenal Gate, major shopping centers, churches and grocery stores. Welcome Home!

20. 2018-08-15
    listed $69,000 579-char remark

    Show marketing remark (579 chars)

    Enjoy maintenance free living in this one level condo. The unit offers new laminate flooring, stainless steel appliances and interior paint. Nice efficient kitchen. Area where you could put 2 bar stools at counter. Large living room and dining combination. The large patio allows for relaxing and grilling while enjoying the wildlife around you. This is a first level condo but there are a few step and walkway to get to front door. Walk to the pool to cool off after a long day at work. Minutes to Arsenal Gate, major shopping centers, churches and grocery stores. Welcome Home!

21. 2016-01-25
    soldstatus $40,000
22. 2015-11-06
    listed $41,000

ⓘ 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: $647 · $54/mo
• Projected year-2 tax: $647 · $54/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 5/10 Major 7 d/yr ≥105°F today · 18 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: $12,328
• − Mortgage interest: −$6,162
• − Property taxes: −$647
• − Insurance: −$550
• − Repairs & maintenance: −$986
• − Management: −$986
• − HOA: −$3,456
• − Depreciation: −$3,200
• Taxable loss: −$3,659
• Est. tax savings @ 24.0%: +$878
• After-tax cash flow: $-958/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): 23,858
• Household income: $76,324
• Rent vs Own: 46.0% rent · 54.0% own
• Severe rent burden: 1122.0

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 White (74%)
• Race & ethnicity: White 74% Black 14% Two or more races 5% Hispanic / Latino 5% Asian 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 4% Serbian 3% Lithuanian 3%
• Foreign-born: 4% · Canada, South Korea, China
• Languages at home: 94% English-only · Spanish 3% Other Indo-European 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: ▼ -169.74%
• Current HPI: 382.3827
• Rent YoY: ▲ 4.08%
• 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

+168.3% since first listed

8 events — show timeline

• 2026-05-01 Price Changed $110,000 VMLS
• 2026-02-26 Listed $115,000 VMLS
• 2022-05-02 Sold (Public Records) $110,000 Public Records
• 2018-09-28 Sold (Public Records) $131,100 Public Records
• 2018-09-28 Sold (MLS) $69,000 VMLS
• 2018-08-15 Listed $69,000 VMLS
• 2016-01-25 Sold (MLS) $40,000 VMLS
• 2015-11-06 Listed $41,000 VMLS

Property tax history

+10.8%/yr

Latest (2024): $647 · +0.0% YoY. Source: county tax records.