1205 Bailey Cove Cir SE Unit C · Huntsville, AL 35802

$144,900

3 bd · 2.0 ba · 1,825 sqft · Condo · 34 Days on market

Built 1965 Fair condition $79/sqft · 31% below area Est $209k · 31% under $208/mo HOA · 12% of rent ↓ 6% 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 +20.7/30.0
• ARV discount +15.0/15.0
• 1% rule +7.3/10.0
• DSCR +6.6/10.0
• Livability +4.1/5.0
• Rent growth +3.5/5.0
• Schools +2.9/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this 3-bedroom, 2-bath condo located in the heart of Southeast Huntsville! Conveniently situated near Jones Valley, Redstone Arsenal, shopping, dining, and top local amenities, this property offers incredible potential for homeowners and investors alike. Featuring a spacious layout, large living area, and generously sized bedrooms, this condo is ready for someone to make it their own. Enjoy low-maintenance living in an established community with easy access to Memorial Parkway, downtown Huntsville, and hiking trails at Monte Sano. Whether you’re looking for a primary residence, rental opportunity, or investment property, this one is priced to sell and full of possibilities!

Key facts

• Near dining
• Near shopping
• Top local amenities

Tags

• HEART OF SOUTHEAST HUNTSVILLE
• NEAR SHOPPING
• NEAR DINING
• TOP LOCAL AMENITIES
• LOW MAINTENANCE LIVING
• ESTABLISHED COMMUNITY

Property features AI

Finance

• HOA & community: HOA with monthly fee; Monthly association fee covers structure maintenance, grounds maintenance, insurance and trash; Community pool; Common grounds and curbs

Exterior

• Parking: Assigned parking
• Utilities: Public and private sewer options
• Home design: Condominium (residential); Built in 1965; Single-level entry; No fireplaces
• Construction: Brick construction; Slab foundation
• Exterior features: Curb and gutters; Sidewalks; Public water

Interior

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

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $145k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $196 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $141k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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: Weatherly Heights Elementary School (math 27% / reading 62%, grade F, #171 of 627 statewide, top 31%, 481 students, 42% FRL); Mountain Gap Middle School (math 27% / reading 63%, grade D, #38 of 257 statewide, top 14%, 419 students, 44% FRL); Virgil Grissom High School (math 34% / reading 40%, grade F, #39 of 305 statewide, top 13%, 1,974 students, 43% FRL) — zoned schools at 43% FRL track the district average.
• Market conditions: Rents rising fast (+4.1%/yr); 227 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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 34 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,553 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
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. 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.
9. 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.
10. 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: 1.23% ✓
• Cap rate: 7.92%
• Cash-on-cash: 5.80%
• DSCR: 1.26
• GRM: 6.8

CMA / ARV

• ARV (median comp): $208,950
• List price: $144,900
• Delta: -30.65%
• 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: -5.8%
• Equity multiple: 0.78×
• Total profit: $-8,882
• Equity at exit: $21,605

10-year hold

• IRR: 5.4%
• Equity multiple: 1.42×
• Total profit: $17,173
• Equity at exit: $12,528

Cash invested: $40,572 (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: 6.8×

Monthly cashflow live

• Estimated rent: $1,779 high
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,174/yr
• Insurance: −$60
• HOA: −$208
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $196

Break-even live

Break-even rent $1,531

Max offer price $144,900

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1225 Willowbrook Dr SE Huntsville, AL	1.0–3.0	1.0–2.5	1132	$1,238	$1.09	23d	21	0.24mi
9001 Mahogany Row SE Unit B Huntsville, AL	3.0	2.5	1250	$2,800	$2.24	43d	1	0.73mi
9003 Mahogany Row SE Unit C Huntsville, AL	3.0	2.5	1250	$2,800	$2.24	43d	1	0.74mi
9016 Mahogany Row SE Unit D Huntsville, AL	2.0	2.0	1300	$1,195	$0.92	13d	1	0.81mi
1552 Four Mile Post Rd SE Huntsville, AL	2.0	2.5	1450	$1,650	$1.14	23d	1	0.81mi
8711 Edgehill Dr SE Huntsville, AL	3.0	2.5	2263	$2,250	$0.99	43d	1	0.83mi
9018 Mahogany Row SE Unit B Huntsville, AL	3.0	2.0	1332	$1,250	$0.94	43d	1	0.83mi
1536 Four Mile Post Rd SE Huntsville, AL	2.0	2.5	1500	$1,695	$1.13	43d	1	0.83mi
9802 Dolphin Dr SE Huntsville, AL	4.0	2.0	2160	$2,175	$1.01	43d	1	0.84mi
1 Legacy Farm Dr Huntsville, AL	1.0–3.0	1.0–2.0	1120	$2,084	$1.86	13d	42	1.11mi
8613 Camille Dr SE Huntsville, AL	3.0	2.0	1744	$2,100	$1.20	13d	1	1.35mi

HOA detail condo

• Monthly dues: $208 · $2,496/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-06-18
   days on market $144,900 Active 34 DOM
2. 2026-06-17
   days on market $144,900 Active 33 DOM
3. 2026-06-16
   days on market $144,900 Active 32 DOM
4. 2026-06-15
   days on market $144,900 Active 31 DOM
5. 2026-06-14
   days on market $144,900 Active 29 DOM
6. 2026-06-10
   days on market $144,900 Active 26 DOM
7. 2026-06-09
   days on market $144,900 Active 25 DOM
8. 2026-06-08
   days on market $144,900 Active 24 DOM
9. 2026-06-07
   days on market $144,900 Active 23 DOM
10. 2026-06-03
    days on market $144,900 Active 19 DOM
11. 2026-06-02
    days on market $144,900 Active 18 DOM
12. 2026-06-01
    days on market $144,900 Active 17 DOM
13. 2026-05-31
    days on market $144,900 Active 16 DOM
14. 2026-05-30
    days on market $144,900 Active 15 DOM
15. 2026-05-15
    listed $154,900 Active 699-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 22 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,349
• − Mortgage interest: −$8,117
• − Property taxes: −$2,174
• − Insurance: −$724
• − Repairs & maintenance: −$1,708
• − Management: −$1,708
• − HOA: −$2,496
• − Depreciation: −$4,215
• Taxable income: $207
• Est. tax owed @ 24.0%: −$50
• After-tax cash flow: $2,303/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.

Condition & rehab AI · 17 photos

Fair 45/100 Moderate rehab

This 3-bedroom, 2-bath townhouse requires moderate renovations to improve its condition and increase its value. Key areas for attention include the kitchen and bathrooms, which are in poor condition. Updating these spaces will significantly enhance the home's curb appeal and interior aesthetics, making it more attractive to buyers and renters.

Repairs flagged

• Major kitchen cabinets — severely dated and worn
• Major bathroom fixtures — basic and outdated
• Moderate exterior paint — some discoloration

Value-add opportunities

• Both paint interior walls — enhances curb appeal and interior aesthetics
• Both replace carpet in bedrooms — improves comfort and appearance
• Both update kitchen cabinets and fixtures — modernizes the space and increases appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · severely dated and worn	Major	$15,000–50,000
bathroom fixtures · basic and outdated	Major	$15,000–50,000
exterior paint · some discoloration	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$33,000–115,000

Value-add ROI direction

• Both paint interior walls — enhances curb appeal and interior aesthetics ↑
• Both replace carpet in bedrooms — improves comfort and appearance ↑
• Both update kitchen cabinets and fixtures — modernizes the space and increases appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

-6.5% since first listed

2 events — show timeline

• 2026-05-27 Price Changed $144,900 VMLS
• 2026-05-15 Listed $154,900 VMLS