1008 Peck Rd · Huntsville, AL 35801

$232,500

4 bd · 1.0 ba · 2,199 sqft · SingleFamily public records · 120 Days on market

Built 1953 0.53 ac lot $106/sqft · 12% below area Est $329k · 29% under

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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).

• ARV discount +15.0/15.0
• Cash flow +14.9/30.0
• DSCR +4.6/10.0
• Livability +4.1/5.0
• 1% rule +3.6/10.0
• 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

Spacious single-level home full of potential & conveniently located just minutes from downtown Huntsville! This 4 bedroom, 2.5 bath home offers a functional layout with generously sized rooms & great flow for everyday living. The huge Family Room features a cozy fireplace & plenty of space for gathering & entertaining. Large Primary Retreat with walk-in closet & private bath. Situated on a corner lot, you will enjoy added privacy along with a covered patio & fenced backyard. Don't miss this fantastic opportunity to make this home your own & enjoy quick access to downtown shopping, dining, entertainment & more!

Key facts

• Walk-in closet
• Private bath
• Single-level home

Tags

• SINGLE-LEVEL HOME
• HUGE FAMILY ROOM
• COZY FIREPLACE
• WALK-IN CLOSET
• PRIVATE BATH
• CORNER LOT

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $232k.

Deal economics

• At list price, monthly cash flow is $68 ($810/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 $201k (13.5% below list).
• Recommended offer: $201k (13.5% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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 (+2.1%/yr); 175 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% 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 $2k of loan paydown is wiped out by about $7k 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 120 days — a 9% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y ago; this cycle's ask has dropped $68k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $83k; list at $232k implies a 179% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $201,036 (13.5% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — 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: 0.86% ✗
• Cap rate: 6.64%
• Cash-on-cash: 1.24%
• DSCR: 1.06
• GRM: 9.6

CMA / ARV

• ARV (median comp): $329,458
• List price: $232,500
• Delta: -29.43%
• 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
2023 Pettus Dr	0.42mi	4/2.0	2,134 (-3%)	4mo	$210,000	$98	68
2404 Dairy Ln NE	0.67mi	4/2.5	2,098 (-5%)	2mo	$380,000	$181	54
2107 NE Giles Dr	0.37mi	3/2.0 (-1)	1,963 (-11%)	3mo	$160,000	$82	53
1733 Beirne Ave NE	0.65mi	3/2.5 (-1)	2,312 (+5%)	5mo	$485,000	$210	46
1900 Randy Ct NE	0.74mi	4/2.5	2,358 (+7%)	4mo	$299,900	$127	44
2204 Fairfax St NE	0.66mi	4/3.0	1,988 (-10%)	3mo	$300,000	$151	43
2212 Rodgers Dr NE	0.61mi	3/2.5 (-1)	1,951 (-11%)	1mo	$349,900	$179	41
2000 Poplar Point Cir NE	0.54mi	4/3.5	2,521 (+15%)	2mo	$350,000	$139	39
1705 Rosalie Ridge Dr NE	0.69mi	3/2.0 (-1)	1,931 (-12%)	4mo	$330,000	$171	36
1913 Epworth Dr	0.74mi	3/2.0 (-1)	2,464 (+12%)	1mo	$340,000	$138	36
1502 Rison Ave NE	0.67mi	3/2.0 (-1)	1,928 (-12%)	6mo	$353,000	$183	34
2451 Oakwood Ave NE	0.69mi	3/2.0 (-1)	1,874 (-15%)	6mo	$487,000	$260	29

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 · 2.06% rent growth · sell at horizon

5-year hold

• IRR: -15.3%
• Equity multiple: 0.46×
• Total profit: $-35,282
• Equity at exit: $34,667

10-year hold

• IRR: -8.4%
• Equity multiple: 0.50×
• Total profit: $-32,863
• Equity at exit: $20,102

Cash invested: $65,100 (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 35801

• Home prices YoY: -28.0%
• Rents YoY: 2.1%
• Active inventory: 175
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,010 high
• Mortgage (P&I): −$1,219
• Tax from tax record: −$205 /mo · $2,455/yr
• Insurance: −$97
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $68

Break-even live

Break-even rent $1,925

Max offer price $232,500

Occupancy floor 92%

Sensitivity live

Price	-10% $199	-5% $133	+0% $68	+5% $2	+10% $-64
Rent	-10% $-91	-5% $-12	+0% $68	+5% $147	+10% $226
Rate	-1.0pp $185	-0.5pp $127	base $68	+0.5pp $7	+1.0pp $-54

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: $58,125
• Closing costs: $6,975
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2002 Chambers Dr NE Huntsville, AL	3.0	2.0	1750	$1,790	$1.02	44d	1	0.24mi
1903 Melbourne Ave NE Huntsville, AL	3.0	2.5	1707	$1,950	$1.14	24d	1	0.29mi
2106 Giles Dr NE Huntsville, AL	4.0	2.0	1792	$1,800	$1.00	44d	1	0.36mi
1602 Rison Ave NE Huntsville, AL	3.0	2.0	1422	$1,750	$1.23	14d	1	0.59mi
2213 Maysville Rd NE Huntsville, AL	3.0	2.0	1924	$1,900	$0.99	24d	1	0.65mi
1607 Chapman Ave NE Huntsville, AL	3.0	2.0	1508	$1,495	$0.99	24d	1	0.71mi
2504 Maysville Cir NE Huntsville, AL	3.0	2.0	2556	$2,500	$0.98	44d	1	0.76mi
1908 Toll Gate Rd SE Huntsville, AL	4.0	2.0	1584	$1,400	$0.88	44d	1	0.98mi
701 Fagan Springs Dr SE Huntsville, AL	4.0	3.0	2500	$2,800	$1.12	44d	1	1.00mi
805 Rison Ave NE Huntsville, AL	3.0	2.0	1700	$2,250	$1.32	44d	1	1.08mi
1222 Clinton Ave E Huntsville, AL	3.0	2.0	1900	$2,100	$1.11	14d	1	1.16mi
4130 High Mountain Rd NE Huntsville, AL	1.0–3.0	1.0–2.0	1119	$2,061	$1.84	44d	129	1.31mi
1000 Hampton Fall Blvd Huntsville, AL	1.0–3.0	1.0–2.0	1177	$1,451	$1.23	44d	4	1.36mi
1400 McClung Ave SE Huntsville, AL	4.0	2.0	2108	$2,200	$1.04	14d	1	1.39mi
715 Clinton Ave E Huntsville, AL	3.0	3.0	1942	$3,900	$2.01	14d	1	1.44mi

Listing history 20 events

1. 2026-06-18
   days on market $232,500 Active 120 DOM
2. 2026-06-17
   days on market $232,500 Active 119 DOM
3. 2026-06-16
   pricedays on market $232,500 Active 118 DOM
4. 2026-06-15
   days on market $250,000 Active 117 DOM
5. 2026-06-14
   days on market $250,000 Active 115 DOM
6. 2026-06-10
   days on market $250,000 Active 112 DOM
7. 2026-06-09
   days on market $250,000 Active 111 DOM
8. 2026-06-08
   days on market $250,000 Active 110 DOM
9. 2026-06-07
   days on market $250,000 Active 109 DOM
10. 2026-06-03
    days on market $250,000 Active 105 DOM
11. 2026-06-02
    days on market $250,000 Active 104 DOM
12. 2026-06-01
    days on market $250,000 Active 103 DOM
13. 2026-05-31
    days on market $250,000 Active 102 DOM
14. 2026-05-30
    days on market $250,000 Active 101 DOM
15. 2026-04-16
    price $250,000 649-char remark

    Show marketing remark (649 chars)

    Spacious single-level home full of potential & conveniently located just minutes from downtown Huntsville! This 4 bedroom, 2.5 bath home offers a functional layout with generously sized rooms & great flow for everyday living. The huge Family Room features a cozy fireplace & plenty of space for gathering & entertaining. Large Primary Retreat with walk-in closet & private bath. Situated on a corner lot, you will enjoy added privacy along with a covered patio & fenced backyard. Don't miss this fantastic opportunity to make this home your own & enjoy quick access to downtown shopping, dining, entertainment & more!

16. 2026-03-20
    price $275,000 649-char remark

    Show marketing remark (649 chars)

    Spacious single-level home full of potential & conveniently located just minutes from downtown Huntsville! This 4 bedroom, 2.5 bath home offers a functional layout with generously sized rooms & great flow for everyday living. The huge Family Room features a cozy fireplace & plenty of space for gathering & entertaining. Large Primary Retreat with walk-in closet & private bath. Situated on a corner lot, you will enjoy added privacy along with a covered patio & fenced backyard. Don't miss this fantastic opportunity to make this home your own & enjoy quick access to downtown shopping, dining, entertainment & more!

17. 2026-02-18
    listed $300,000 Active 649-char remark

    Show marketing remark (649 chars)

    Spacious single-level home full of potential & conveniently located just minutes from downtown Huntsville! This 4 bedroom, 2.5 bath home offers a functional layout with generously sized rooms & great flow for everyday living. The huge Family Room features a cozy fireplace & plenty of space for gathering & entertaining. Large Primary Retreat with walk-in closet & private bath. Situated on a corner lot, you will enjoy added privacy along with a covered patio & fenced backyard. Don't miss this fantastic opportunity to make this home your own & enjoy quick access to downtown shopping, dining, entertainment & more!

18. 2013-10-03
    soldstatus $83,240
19. 2013-08-28
    soldstatus $83,000 457-char remark

    Show marketing remark (457 chars)

    Great investment property! Great for large family! close to Five Points area. Priced below market value. Large yard on corner lot. Wood under carpet in the living Room and bedroom 3. This home has 4 BR, 3 BA, huge Family room with fire place! Storage shed in back yard. Covered back patio the length of house! Large, flat, back yard. Call agent at 256-617-8652. Please leave text or message if no answer. No contingency. Only qualified buyers make an offer.

20. 2013-04-01
    listed $92,900 457-char remark

    Show marketing remark (457 chars)

    Great investment property! Great for large family! close to Five Points area. Priced below market value. Large yard on corner lot. Wood under carpet in the living Room and bedroom 3. This home has 4 BR, 3 BA, huge Family room with fire place! Storage shed in back yard. Covered back patio the length of house! Large, flat, back yard. Call agent at 256-617-8652. Please leave text or message if no answer. No contingency. Only qualified buyers make an offer.

ⓘ 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: $2,455 · $205/mo
• Projected year-2 tax: $2,455 · $205/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 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 21 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: $24,124
• − Mortgage interest: −$13,024
• − Property taxes: −$2,455
• − Insurance: −$1,162
• − Repairs & maintenance: −$1,930
• − Management: −$1,930
• − Depreciation: −$6,764
• Taxable loss: −$3,140
• Est. tax savings @ 24.0%: +$754
• After-tax cash flow: $1,564/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): 23,357
• Household income: $105,585
• Rent vs Own: 32.1% rent · 67.9% own
• Severe rent burden: 547.0

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 (81%)
• Race & ethnicity: White 81% Black 8% Two or more races 8% Hispanic / Latino 4% Asian 1%
• Common ancestry: Italian 6% Lithuanian 3% Slovak 3%
• Foreign-born: 4% · Canada, China
• Languages at home: 96% English-only · Spanish 3% German/W. Germanic 1% 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: ▼ -182.95%
• Current HPI: 471.094
• Rent YoY: ▲ 2.06%
• 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

+169.1% since first listed

6 events — show timeline

• 2026-04-16 Price Changed $250,000 VMLS
• 2026-03-20 Price Changed $275,000 VMLS
• 2026-02-18 Listed $300,000 VMLS
• 2013-10-03 Sold (Public Records) $83,240 Public Records
• 2013-08-28 Sold (MLS) $83,000 VMLS
• 2013-04-01 Listed $92,900 VMLS

Property tax history

+13.5%/yr

Latest (2024): $2,455 · +16.8% YoY. Source: county tax records.