2115 NW Lynn Rd · Huntsville, AL 35801

$164,998

3 bd · 0.5 ba · 1,197 sqft · SingleFamily public records · 76 Days on market

Built 1957 0.30 ac lot $138/sqft · 14% below area Est $191k · 14% 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).

• Cash flow +16.1/30.0
• ARV discount +13.6/15.0
• DSCR +5.0/10.0
• 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

This house comes with a REDUCED RATE as low as 4.99% (APR 5.508%) as of 04/28/2026 through List & Lock™. This is a seller paid rate-buydown that reduces the buyer’s interest rate and monthly payment. Terms apply, see disclosures for more information. This is a well maintained, brick rancher with long term tenants in place. This 3 bed 1.5 bath would be a great addition to your portfolio. The home sits on a huge corner lot, and is walking distance to Alabama A&M. Hardwood floors throughout, one car garage, and a huge shed in the back for extra storage. Sold as is. Please allow 48 hour notice to show the home, tenants are in place.

Key facts

• Brick rancher
• Huge corner lot
• Hardwood floors

Tags

• BRICK RANCHER
• HUGE CORNER LOT
• HARDWOOD FLOORS
• HUGE SHED FOR EXTRA STORAGE

What this means for you Summary

Snapshot

• This is a 3-bed/0.5-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $85 ($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 $142k (13.7% below list).
• Recommended offer: $142k (13.7% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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.
• Market conditions: Rents rising (+2.1%/yr); 175 active listings in the ZIP; 36 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).
• This rent is only 16% of the median local income ($106k/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 $1k of loan paydown is wiped out by about $5k 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 76 days — a 6% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $75k; list at $165k implies a 120% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• 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 $142,437 (13.7% below list)

Questions for the listing agent

1. It's been on market 76 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 1957 — 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: 6.91%
• Cash-on-cash: 2.22%
• DSCR: 1.10
• GRM: 9.7

CMA / ARV

• ARV (median comp): $190,752
• List price: $164,998
• Delta: -13.50%
• 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
4212 NW Lakeview Dr	0.34mi	3/1.5	1,207 (+1%)	3mo	$205,000	$170	77
2118 Medaris Rd NW	0.37mi	3/1.0	1,237 (+3%)	1mo	$185,500	$150	74
2123 Griffith Dr NW	0.24mi	3/2.0	1,208 (+1%)	9mo	$180,000	$149	74
4201 Memorial Parkway North	0.20mi	3/2.0	1,228 (+3%)	10mo	$110,000	$90	72
2419 Tuxedo Dr NW	0.50mi	3/1.0	1,306 (+9%)	1mo	$79,000	$60	59
4604 Rochell Dr	0.52mi	3/2.0	1,248 (+4%)	9mo	$210,000	$168	55
2211 Harris Rd	0.37mi	3/1.0	1,075 (-10%)	14mo	$144,643	$135	52
2240 Kamis Cir NW	0.37mi	3/1.0	1,021 (-15%)	9mo	$156,000	$153	48
2218 Norwood Dr NW	0.31mi	3/1.0	1,022 (-15%)	15mo	$165,000	$161	47
3604 N Memorial Parkway North NE	0.70mi	3/1.5	1,072 (-10%)	1mo	$155,000	$145	45
2436 Shepherd Dr NW	0.72mi	3/1.0	1,323 (+10%)	14mo	$90,000	$68	35
4304 Blue Springs Rd NW	0.73mi	3/2.0	1,366 (+14%)	5mo	$150,000	$110	32

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: -13.8%
• Equity multiple: 0.51×
• Total profit: $-22,680
• Equity at exit: $24,602

10-year hold

• IRR: -6.4%
• Equity multiple: 0.60×
• Total profit: $-18,292
• Equity at exit: $14,266

Cash invested: $46,199 (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: 9.7×

Monthly cashflow live

• Estimated rent: $1,424 high
• Mortgage (P&I): −$865
• Tax from tax record: −$106 /mo · $1,271/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $85

Break-even live

Break-even rent $1,316

Max offer price $164,998

Occupancy floor 89%

Sensitivity live

Price	-10% $179	-5% $132	+0% $85	+5% $39	+10% $-8
Rent	-10% $-27	-5% $29	+0% $85	+5% $142	+10% $198
Rate	-1.0pp $168	-0.5pp $127	base $85	+0.5pp $43	+1.0pp $-1

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2113 Norris Rd NW Huntsville, AL	3.0	1.0	1372	$1,550	$1.13	44d	1	0.10mi
4005 Memorial Pkwy NW Huntsville, AL	3.0	1.0	1100	$1,375	$1.25	44d	1	0.27mi
2206 Harris Rd NW Huntsville, AL	3.0	1.0	1354	$1,400	$1.03	44d	1	0.28mi
2117 Griffith Dr NW Huntsville, AL	3.0	1.0	1000	$1,095	$1.09	24d	1	0.29mi
2207 Norwood Dr NW Huntsville, AL	3.0	1.0	1020	$1,295	$1.27	14d	1	0.32mi
2200 Norwood Dr NW Huntsville, AL	3.0	1.0	1060	$1,150	$1.08	24d	1	0.37mi
2117 Atkins Dr NW Huntsville, AL	3.0	2.0	1250	$1,699	$1.36	24d	1	0.48mi
4802 Proctor Cir NW Huntsville, AL	3.0	1.0	1000	$1,250	$1.25	44d	1	0.53mi
3707 Lakewood Dr NW Huntsville, AL	3.0	1.0	1100	$1,100	$1.00	44d	1	0.60mi
2415 Vining Ave NW Huntsville, AL	3.0	1.0	1079	$1,250	$1.16	14d	1	0.61mi
2433 Shepherd Dr NW Huntsville, AL	3.0	1.0	864	$1,300	$1.50	44d	1	0.71mi
3606 Lakewood Rd NW Huntsville, AL	3.0	1.5	1408	$1,400	$0.99	44d	1	0.73mi
4114 Blue Spring Rd NW Huntsville, AL	3.0	2.0	1100	$1,500	$1.36	24d	1	0.77mi
2519 Birchfield St NW Huntsville, AL	3.0	1.5	1125	$1,195	$1.06	44d	1	0.83mi
3410 Elizabeth St NW Unit 2 Huntsville, AL	2.0	1.0	800	$850	$1.06	44d	1	0.92mi
3410 Elizabeth St NW Apt 7 Huntsville, AL	2.0	1.0	800	$799	$1.00	44d	1	0.92mi
2219 Jonathan Dr NW Apt C Huntsville, AL	2.0	1.5	850	$850	$1.00	44d	1	0.95mi
6022 Belgrade Dr NW Huntsville, AL	3.0	1.5	1015	$1,320	$1.30	24d	1	0.96mi
5025 Blue Spring Rd NW Huntsville, AL	3.0	2.5	1273	$1,195	$0.94	14d	2	1.02mi
2032 Ricky Rd NW Huntsville, AL	4.0	2.0	1181	$1,523	$1.29	21d	1	1.06mi
2506 Jeri St NW Huntsville, AL	3.0	1.5	1274	$1,400	$1.10	24d	1	1.07mi
2401 Mount Vernon Rd NW Huntsville, AL	3.0	1.0	950	$1,045	$1.10	44d	1	1.08mi
102 Winchester Rd NW Huntsville, AL	2.0	1.0	850	$1,110	$1.31	44d	4	1.08mi
6000 Cherokee Hills Dr NW Huntsville, AL	3.0	2.0	1086	$1,600	$1.47	24d	1	1.15mi
3330 Meridian St N Huntsville, AL	2.0	1.0	800	$700	$0.88	14d	1	1.16mi
3328 Meridian St N Apt 114 Huntsville, AL	2.0	1.0	800	$600	$0.75	14d	1	1.18mi
3058 Boswell Dr NW Huntsville, AL	4.0	2.0	1450	$1,398	$0.96	44d	1	1.20mi
611 Ofallon Rd NW Huntsville, AL	3.0	2.0	1350	$3,000	$2.22	24d	1	1.23mi
203 N Plymouth Rd NW Huntsville, AL	2.0	1.0	796	$1,310	$1.65	14d	1	1.25mi
621 Murray Rd NW Huntsville, AL	3.0	1.5	1008	$1,325	$1.31	14d	1	1.28mi
6207 Belgrade Dr NW Huntsville, AL	3.0	1.5	1050	$1,395	$1.33	45d	1	1.33mi
6214 Belgrade Dr NW Huntsville, AL	3.0	1.5	1350	$1,095	$0.81	44d	1	1.37mi
3013 Kirkland Dr NW Huntsville, AL	3.0	1.5	1324	$1,295	$0.98	44d	1	1.43mi
522 Lisa Ln NW Huntsville, AL	4.0	3.0	1025	$1,695	$1.65	44d	1	1.47mi
3205 Lewisburg Dr NW Huntsville, AL	3.0	2.0	1408	$1,600	$1.14	24d	1	1.48mi
3202 Deerfield Rd NW Huntsville, AL	3.0	2.0	1234	$1,425	$1.15	44d	1	1.49mi

Listing history 17 events

1. 2026-06-18
   days on market $164,998 Active 76 DOM
2. 2026-06-17
   days on market $164,998 Active 75 DOM
3. 2026-06-16
   days on market $164,998 Active 74 DOM
4. 2026-06-15
   days on market $164,998 Active 73 DOM
5. 2026-06-14
   days on market $164,998 Active 71 DOM
6. 2026-06-10
   days on market $164,998 Active 68 DOM
7. 2026-06-09
   days on market $164,998 Active 67 DOM
8. 2026-06-08
   days on market $164,998 Active 66 DOM
9. 2026-06-07
   days on market $164,998 Active 65 DOM
10. 2026-06-03
    days on market $164,998 Active 61 DOM
11. 2026-06-02
    days on market $164,998 Active 60 DOM
12. 2026-06-01
    days on market $164,998 Active 59 DOM
13. 2026-05-31
    days on market $164,998 Active 58 DOM
14. 2026-05-30
    days on market $164,998 Active 57 DOM
15. 2026-04-29
    price $164,999 656-char remark

    Show marketing remark (656 chars)

    This house comes with a REDUCED RATE as low as 4.99% (APR 5.508%) as of 04/28/2026 through List & Lock™. This is a seller paid rate-buydown that reduces the buyer’s interest rate and monthly payment. Terms apply, see disclosures for more information. This is a well maintained, brick rancher with long term tenants in place. This 3 bed 1.5 bath would be a great addition to your portfolio. The home sits on a huge corner lot, and is walking distance to Alabama A&M. Hardwood floors throughout, one car garage, and a huge shed in the back for extra storage. Sold as is. Please allow 48 hour notice to show the home, tenants are in place.

16. 2026-04-03
    listed $165,000 Active 656-char remark

    Show marketing remark (656 chars)

    This house comes with a REDUCED RATE as low as 4.99% (APR 5.508%) as of 04/28/2026 through List & Lock™. This is a seller paid rate-buydown that reduces the buyer’s interest rate and monthly payment. Terms apply, see disclosures for more information. This is a well maintained, brick rancher with long term tenants in place. This 3 bed 1.5 bath would be a great addition to your portfolio. The home sits on a huge corner lot, and is walking distance to Alabama A&M. Hardwood floors throughout, one car garage, and a huge shed in the back for extra storage. Sold as is. Please allow 48 hour notice to show the home, tenants are in place.

17. 2020-04-30
    soldstatus $74,900

ⓘ 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: $1,271 · $106/mo
• Projected year-2 tax: $1,271 · $106/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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% 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: $17,092
• − Mortgage interest: −$9,242
• − Property taxes: −$1,271
• − Insurance: −$825
• − Repairs & maintenance: −$1,367
• − Management: −$1,367
• − Depreciation: −$4,800
• Taxable loss: −$1,781
• Est. tax savings @ 24.0%: +$427
• After-tax cash flow: $1,451/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

+120.3% since first listed

3 events — show timeline

• 2026-04-29 Price Changed $164,999 VMLS
• 2026-04-03 Listed $165,000 VMLS
• 2020-04-30 Sold (Public Records) $74,900 Public Records

Property tax history

+15.4%/yr

Latest (2024): $1,271 · +17.0% YoY. Source: county tax records.