3807 Grizzard Rd NW · Huntsville, AL 35810

$149,900

4 bd · 1.0 ba · 1,048 sqft · SingleFamily public records · 39 Days on market

Built 1964 0.28 ac lot $143/sqft · 26% above area Est $174k · 14% under

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Why this score? — see what drove the B- 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 +25.3/30.0
• ARV discount +13.8/15.0
• DSCR +8.3/10.0
• 1% rule +5.9/10.0
• Livability +4.1/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This 4 bed, 2 bath home is packed with potential! The main level features a spacious living room, separate dining area with sliders to a screened-in porch, and a functional kitchen. The lower level offers flexible living options with a bedroom, full bath, and den with patio access overlooking the large, level backyard. Perfect for a guest suite, in-law setup, or private primary retreat! Upstairs includes 3 additional bedrooms and a hall bath. Complete with a double-width driveway and 1-car garage, this home is ideal for investors, DIYers, or anyone ready to add value through sweat equity

Key facts

• Screened-in porch
• Large level backyard
• Patio access

Tags

• SCREENED-IN PORCH
• FLEXIBLE LIVING OPTIONS
• PATIO ACCESS
• LARGE LEVEL BACKYARD
• DOUBLE-WIDTH DRIVEWAY

Property features AI

Finance

• HOA & community: No homeowners association; Located in the Scenic View Hills subdivision

Exterior

• Parking: One-car garage
• Utilities: Public sewer
• Home design: Single-family residence; Residential property; Tri-level home
• Construction: Vinyl siding; Built with crawl space foundation
• Exterior features: Public water; Lot approximately 0.28 acres

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Wall furnace heating; No central cooling
• Interior features: Crawl space basement; Tri-level layout

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $339 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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.
• Zoned schools: Highlands Elementary School (math 2% / reading 27%, grade F, #508 of 627 statewide, top 84%, 371 students, 83% FRL); Jemison High School (math 12% / reading 12%, grade F, #242 of 305 statewide, top 80%, 843 students, 64% FRL) — zoned schools average 74% FRL vs 46% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 13% at this address vs 34% district-wide (-20 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 soft (-0.1%/yr); 337 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).
• This rent runs 38% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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 39 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $120k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $145,403 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — 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: 1.09% ✓
• Cap rate: 9.00%
• Cash-on-cash: 9.68%
• DSCR: 1.43
• GRM: 7.7

CMA / ARV

• ARV (median comp): $174,250
• List price: $149,900
• Delta: -13.97%
• 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
3210 Tucker Dr	0.29mi	3/1.0 (-1)	1,006 (-4%)	1mo	$168,000	$167	74
3628 Grizzard Rd NW	0.12mi	3/2.0 (-1)	1,165 (+11%)	2mo	$178,500	$153	65
2906 Hester Ln	0.45mi	3/1.0 (-1)	1,113 (+6%)	2mo	$122,000	$110	62
3120 Las Animas Ave	0.27mi	3/1.5 (-1)	1,135 (+8%)	9mo	$160,000	$141	59
2208 Glen Iris Cir NW	0.39mi	3/1.5 (-1)	1,126 (+7%)	9mo	$150,000	$133	55
3121 Greenhill Dr NW	0.66mi	3/1.5 (-1)	1,100 (+5%)	2mo	$184,000	$167	52
3614 Wilbur Ave NW	0.29mi	3/2.0 (-1)	1,196 (+14%)	2mo	$150,000	$125	52
2505 Piney Branch Rd NW	0.65mi	3/1.5 (-1)	1,015 (-3%)	6mo	$140,000	$138	52
3609 Purdy Dr	0.43mi	3/2.0 (-1)	1,172 (+12%)	1mo	$175,000	$149	51
3512 Lois Ln NW	0.69mi	3/1.0 (-1)	1,116 (+6%)	2mo	$180,000	$161	51
3511 Purdy Dr	0.62mi	3/1.5 (-1)	1,198 (+14%)	1mo	$150,000	$125	39
2822 Cora Hill Ave	0.69mi	3/2.0 (-1)	1,180 (+13%)	3mo	$204,900	$174	36

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -5.0%
• Equity multiple: 0.82×
• Total profit: $-7,533
• Equity at exit: $22,351

10-year hold

• IRR: 1.0%
• Equity multiple: 1.06×
• Total profit: $2,627
• Equity at exit: $12,961

Cash invested: $41,972 (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 35810

• Home prices YoY: -23.5%
• Rents YoY: -0.1%
• Active inventory: 337
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,630 high
• Mortgage (P&I): −$786
• Tax from tax record: −$101 /mo · $1,210/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $339

Break-even live

Break-even rent $1,202

Max offer price $149,900

Occupancy floor 74%

Sensitivity live

Price	-10% $423	-5% $381	+0% $339	+5% $296	+10% $254
Rent	-10% $210	-5% $274	+0% $339	+5% $403	+10% $467
Rate	-1.0pp $414	-0.5pp $377	base $339	+0.5pp $300	+1.0pp $260

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3203 Dyas Dr NW Huntsville, AL	3.0	2.0	1346	$2,100	$1.56	24d	1	0.16mi
3210 Tucker Dr NW Huntsville, AL	3.0	1.0	1005	$1,475	$1.47	14d	1	0.27mi
3614 Wilbur Ave NW Huntsville, AL	3.0	1.5	1196	$1,420	$1.19	24d	1	0.28mi
3210 Caywood Dr NW Huntsville, AL	3.0	1.0	1005	$1,475	$1.47	14d	1	0.35mi
3309 Charleston Ave NW Huntsville, AL	3.0	2.0	1425	$1,375	$0.96	21d	1	0.36mi
3304 Caywood Dr NW Huntsville, AL	3.0	1.5	1300	$1,475	$1.13	24d	1	0.38mi
3415 Mimosa Ln NW Huntsville, AL	3.0	2.0	1320	$1,590	$1.20	44d	1	0.44mi
3803 Mastin Lake Rd NW Huntsville, AL	3.0	1.0	1103	$1,295	$1.17	44d	1	0.48mi
2215 Shady Lane Dr NW Huntsville, AL	4.0	1.0	1450	$1,500	$1.03	44d	1	0.49mi
3721 Broadmor Rd NW Huntsville, AL	3.0	1.5	1423	$1,450	$1.02	44d	1	0.52mi
3505 Mastin Lake Rd NW Huntsville, AL	3.0	2.0	1376	$2,000	$1.45	44d	1	0.55mi
2201 Shady Lane Dr NW Huntsville, AL	3.0	1.5	1472	$3,000	$2.04	44d	1	0.59mi
2508 Piney Branch Rd NW Huntsville, AL	3.0	1.5	1205	$1,385	$1.15	44d	1	0.60mi
2505 Piney Branch Rd NW Huntsville, AL	3.0	1.5	1222	$1,300	$1.06	24d	1	0.64mi
3100 Gayhart Dr NW Huntsville, AL	3.0	1.0	1050	$1,298	$1.24	44d	1	0.72mi
2803 Hester Ln NW Huntsville, AL	3.0	1.5	1224	$1,400	$1.14	24d	1	0.73mi
3423 Rosedale Dr NW Huntsville, AL	3.0	1.0	1145	$1,000	$0.87	44d	1	0.84mi
4214 Fortson Ln NW Huntsville, AL	3.0	2.0	1308	$1,395	$1.07	44d	1	0.90mi
3406 Oakmont Ave NW Huntsville, AL	3.0	2.0	1389	$1,600	$1.15	44d	1	0.94mi
2721 Clayton Dr NW Huntsville, AL	3.0	1.0	1000	$998	$1.00	44d	1	0.95mi
2002 Laverne Dr NW Huntsville, AL	3.0	1.5	1165	$1,100	$0.94	24d	1	0.97mi
3205 Lewisburg Dr NW Huntsville, AL	3.0	2.0	1408	$1,600	$1.14	24d	1	0.98mi
2711 Clayton Dr NW Huntsville, AL	3.0	1.5	1030	$1,400	$1.36	44d	1	1.01mi
2502 Hill St NW Huntsville, AL	3.0	1.0	1288	$1,200	$0.93	44d	1	1.04mi
2706 Norton Ave NW Huntsville, AL	3.0	2.0	1127	$1,098	$0.97	44d	1	1.08mi
4216 Chalet Cir NW Huntsville, AL	3.0	2.0	1296	$1,500	$1.16	24d	1	1.08mi
2708 Monticello Dr NW Huntsville, AL	3.0	1.0	1025	$1,350	$1.32	44d	1	1.08mi
2708 Monticello Dr NW Huntsville, AL	3.0	1.0	1025	$1,300	$1.27	24d	1	1.08mi
2416 Hanover Dr NW Huntsville, AL	3.0	2.0	1300	$1,395	$1.07	44d	1	1.15mi
3013 Kirkland Dr NW Huntsville, AL	3.0	1.5	1324	$1,295	$0.98	44d	1	1.17mi
3708 Valleydale Rd NW Huntsville, AL	3.0	1.5	1136	$1,350	$1.19	44d	1	1.30mi
2640 Blue Spring Rd NW Huntsville, AL	1.0–3.0	1.0–2.0	944	$1,149	$1.22	44d	3	1.36mi
3606 Crestmore Ave NW Huntsville, AL	4.0	2.0	1275	$1,400	$1.10	21d	1	1.38mi
1904 Oglesby Dr NW Huntsville, AL	3.0	2.0	1026	$1,395	$1.36	14d	1	1.40mi
3706 Wilbanks Dr NW Huntsville, AL	3.0	1.0	1000	$1,300	$1.30	44d	1	1.42mi
1713 Niblick Ave NW Huntsville, AL	3.0	1.0	1000	$1,195	$1.20	24d	1	1.46mi
4706 Whitehall Dr NW Huntsville, AL	3.0	2.0	1469	$1,550	$1.06	21d	1	1.48mi
1715 Chester St NW Huntsville, AL	3.0	1.0	950	$1,250	$1.32	44d	1	1.49mi

Listing history 17 events

1. 2026-06-18
   days on market $149,900 Active 39 DOM
2. 2026-06-17
   days on market $149,900 Active 38 DOM
3. 2026-06-16
   days on market $149,900 Active 37 DOM
4. 2026-06-15
   days on market $149,900 Active 36 DOM
5. 2026-06-14
   days on market $149,900 Active 34 DOM
6. 2026-06-10
   days on market $149,900 Active 31 DOM
7. 2026-06-09
   days on market $149,900 Active 30 DOM
8. 2026-06-08
   days on market $149,900 Active 29 DOM
9. 2026-06-07
   days on market $149,900 Active 28 DOM
10. 2026-06-03
    days on market $149,900 Active 24 DOM
11. 2026-06-03
    price $149,900 Active 23 DOM
12. 2026-06-02
    days on market $159,900 Active 23 DOM
13. 2026-06-01
    days on market $159,900 Active 22 DOM
14. 2026-05-31
    days on market $159,900 Active 21 DOM
15. 2026-05-30
    days on market $159,900 Active 20 DOM
16. 2026-05-10
    listed $159,900 Active 594-char remark
17. 2026-05-01
    soldstatus $120,000

ⓘ 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: $1,210 · $101/mo
• Projected year-2 tax: $1,210 · $101/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 · 19 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: $19,564
• − Mortgage interest: −$8,397
• − Property taxes: −$1,210
• − Insurance: −$750
• − Repairs & maintenance: −$1,565
• − Management: −$1,565
• − Depreciation: −$4,361
• Taxable income: $1,717
• Est. tax owed @ 24.0%: −$412
• After-tax cash flow: $3,651/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): 32,843
• Household income: $51,233
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1223.0

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 Black (69%)
• Race & ethnicity: Black 69% White 18% Hispanic / Latino 9% Two or more races 5%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Dominican 2%
• Common ancestry: Italian 2% Lithuanian 0%
• Foreign-born: 6% · Canada
• Languages at home: 92% English-only · Spanish 7%

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: ▼ -61.00%
• Current HPI: 198.9629
• Rent YoY: ▬ -0.05%
• 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

+24.9% since first listed

3 events — show timeline

• 2026-06-02 Price Changed $149,900 VMLS
• 2026-05-10 Listed $159,900 VMLS
• 2026-05-01 Sold (Public Records) $120,000 Public Records

Property tax history

+23.1%/yr

Latest (2024): $1,210 · -2.4% YoY. Source: county tax records.