510 Ledesma Ln · Moores Mill, AL 35811

$285,300

4 bd · 2.0 ba · 1,852 sqft · SingleFamily · 57 Days on market

Built 2026 $154/sqft · 6% below area Est $305k · 6% under

---

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 +10.4/15.0
• Cash flow +6.8/30.0
• Rent growth +4.2/5.0
• Schools +3.7/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• Appreciation +1.4/10.0
• DSCR +1.1/10.0

Listing remarks MLS

This new single-story home is perfect for various needs and lifestyles. Three secondary bedrooms boast a private location at the front of the home, near a spacious and flexible open-concept layout that blends the kitchen, living and dining areas to maximize interior space. The luxe owner's suite provides a serene retreat in a private rear corner, complete with a full bathroom and walk-in closet.

Key facts

• Luxe owner's suite
• Full bathroom
• Walk-in closet

Tags

• OPEN-CONCEPT LAYOUT
• PRIVATE LOCATION
• LUXE OWNER'S SUITE
• FULL BATHROOM
• WALK-IN CLOSET

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $285k.

Deal economics

• At list price, monthly cash flow is $-439 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $222k (22.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $194k (32.0% below list).
• Recommended offer: $194k (32.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#109 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: schools F, amenities F, commute F.
• Madison County (rural): math 27% / reading 56% proficiency, ranked #19 of 129 in AL (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+6.8%/yr); 560 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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 $9k 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 57 days — a 3% lower offer ($277k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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

• 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 $193,949 (32.0% 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 57 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
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: 0.68% ✗
• Cap rate: 4.44%
• Cash-on-cash: -6.60%
• DSCR: 0.71
• GRM: 12.3

CMA / ARV

• ARV (median comp): $305,027
• List price: $285,300
• Delta: -6.47%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
169 Crab Apple Rd	0.33mi	4/2.0	1,734 (-6%)	3mo	$280,000	$161	72
606 Homer Nance Rd	0.66mi	4/2.0	1,840 (-1%)	5mo	$275,000	$149	64
104 Saralee Dr	0.73mi	3/2.0 (-1)	1,798 (-3%)	0mo	$320,000	$178	56
166 Patdean Dr	0.43mi	3/2.5 (-1)	2,013 (+9%)	5mo	$320,000	$159	54
191 Somerton Dr	0.60mi	3/2.0 (-1)	1,714 (-8%)	0mo	$345,000	$201	54
149 Patdean Dr	0.43mi	3/2.5 (-1)	2,065 (+12%)	2mo	$350,000	$169	53
112 Meadow Run NE	0.73mi	3/2.0 (-1)	1,958 (+6%)	5mo	$335,000	$171	47
101 High Cloud Cir	0.62mi	3/2.0 (-1)	1,760 (-5%)	18mo	$262,550	$149	42
115 Wind Rush Rd	0.64mi	3/2.0 (-1)	1,617 (-13%)	3mo	$303,500	$188	42
104 Grindingstone Way	0.69mi	3/2.0 (-1)	1,633 (-12%)	9mo	$304,000	$186	35
225 Sawmill Rd	0.57mi	3/2.0 (-1)	1,595 (-14%)	13mo	$280,000	$176	34
120 Somerset Park Dr	0.74mi	3/2.0 (-1)	1,587 (-14%)	10mo	$309,000	$195	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 · 6.81% rent growth · sell at horizon

5-year hold

• IRR: -23.6%
• Equity multiple: 0.17×
• Total profit: $-66,471
• Equity at exit: $42,539

10-year hold

• IRR: -10.6%
• Equity multiple: 0.25×
• Total profit: $-59,538
• Equity at exit: $24,668

Cash invested: $79,884 (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 35811

• Home prices YoY: -2.1%
• Rents YoY: 6.8%
• Active inventory: 560
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $1,939 high
• Mortgage (P&I): −$1,496
• Tax est. 1.5%: −$357 /mo · $4,280/yr
• Insurance: −$119
• HOA: −$0
• Vacancy / Maint / Mgmt: −$407
• Net cashflow: $-439

Break-even live

Break-even rent $2,496

Max offer price $221,711

Occupancy floor —

Sensitivity live

Price	-10% $-242	-5% $-341	+0% $-439	+5% $-538	+10% $-637
Rent	-10% $-593	-5% $-516	+0% $-439	+5% $-363	+10% $-286
Rate	-1.0pp $-296	-0.5pp $-367	base $-439	+0.5pp $-513	+1.0pp $-589

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: $71,325
• Closing costs: $8,559
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
119 Wind Rush Rd Huntsville, AL	3.0	2.0	1690	$1,875	$1.11	44d	1	0.62mi
128 Somerset Park Dr Huntsville, AL	3.0	2.0	1570	$1,750	$1.11	24d	1	0.74mi
111 Ranna Dr Huntsville, AL	3.0	2.5	2277	$1,975	$0.87	44d	1	0.81mi
1515 Jordan Rd Huntsville, AL	3.0	2.0	1300	$1,650	$1.27	44d	1	1.07mi
3202 Jordan Farm Cir NE Huntsville, AL	3.0	2.0	1555	$1,706	$1.10	24d	1	1.15mi
6107 Trailwood Dr Huntsville, AL	3.0	2.0	1879	$1,650	$0.88	24d	1	1.22mi
4550 Friends Xing NE Huntsville, AL	1.0–3.0	1.0–2.0	1149	$1,752	$1.52	14d	26	1.23mi
6111 Homestead Rd Huntsville, AL	4.0	2.0	1640	$2,500	$1.52	44d	1	1.28mi
154 SOUTHERN Trl Huntsville, AL	4.0	2.0	2106	$2,070	$0.98	44d	1	1.34mi

Listing history 10 events

1. 2026-06-01
   days on market $285,300 Active 57 DOM
2. 2026-05-31
   pricedays on market $285,300 Active 56 DOM
3. 2026-05-30
   days on market $290,300 Active 55 DOM
4. 2026-05-10
   status Active 398-char remark

   Show marketing remark (398 chars)

   This new single-story home is perfect for various needs and lifestyles. Three secondary bedrooms boast a private location at the front of the home, near a spacious and flexible open-concept layout that blends the kitchen, living and dining areas to maximize interior space. The luxe owner's suite provides a serene retreat in a private rear corner, complete with a full bathroom and walk-in closet.

5. 2026-05-10
   price $288,050 398-char remark

   Show marketing remark (398 chars)

   This new single-story home is perfect for various needs and lifestyles. Three secondary bedrooms boast a private location at the front of the home, near a spacious and flexible open-concept layout that blends the kitchen, living and dining areas to maximize interior space. The luxe owner's suite provides a serene retreat in a private rear corner, complete with a full bathroom and walk-in closet.

6. 2026-03-26
   historical 398-char remark

   Show marketing remark (398 chars)

   This new single-story home is perfect for various needs and lifestyles. Three secondary bedrooms boast a private location at the front of the home, near a spacious and flexible open-concept layout that blends the kitchen, living and dining areas to maximize interior space. The luxe owner's suite provides a serene retreat in a private rear corner, complete with a full bathroom and walk-in closet.

7. 2026-03-25
   status Active 398-char remark

   Show marketing remark (398 chars)

   This new single-story home is perfect for various needs and lifestyles. Three secondary bedrooms boast a private location at the front of the home, near a spacious and flexible open-concept layout that blends the kitchen, living and dining areas to maximize interior space. The luxe owner's suite provides a serene retreat in a private rear corner, complete with a full bathroom and walk-in closet.

8. 2026-03-25
   price $282,050 398-char remark

   Show marketing remark (398 chars)

   This new single-story home is perfect for various needs and lifestyles. Three secondary bedrooms boast a private location at the front of the home, near a spacious and flexible open-concept layout that blends the kitchen, living and dining areas to maximize interior space. The luxe owner's suite provides a serene retreat in a private rear corner, complete with a full bathroom and walk-in closet.

9. 2026-03-22
   historical 398-char remark

   Show marketing remark (398 chars)

   This new single-story home is perfect for various needs and lifestyles. Three secondary bedrooms boast a private location at the front of the home, near a spacious and flexible open-concept layout that blends the kitchen, living and dining areas to maximize interior space. The luxe owner's suite provides a serene retreat in a private rear corner, complete with a full bathroom and walk-in closet.

10. 2026-02-16
    listed $281,800 Active 398-char remark

    Show marketing remark (398 chars)

    This new single-story home is perfect for various needs and lifestyles. Three secondary bedrooms boast a private location at the front of the home, near a spacious and flexible open-concept layout that blends the kitchen, living and dining areas to maximize interior space. The luxe owner's suite provides a serene retreat in a private rear corner, complete with a full bathroom and walk-in closet.

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,274
• − Mortgage interest: −$15,981
• − Property taxes: −$4,280
• − Insurance: −$1,426
• − Repairs & maintenance: −$1,862
• − Management: −$1,862
• − Depreciation: −$8,300
• Taxable loss: −$10,437
• Est. tax savings @ 24.0%: +$2,505
• After-tax cash flow: $-2,769/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: Madison County
• NCES district ID: 0102220
• Math proficiency: 27% ▼ -32.00%
• Reading proficiency: 56% ▼ -1.00%
• Median HH income: $66,058
• Composite: 37.15/100
• National rank: #4483
• State rank: #19 of 129 in AL

Livability — Moores Mill

• Score: 66/100
• State rank: #109
• US rank: #11986

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment A+ Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Madison County · 380,832 people
• Metro: Huntsville, AL
• Population (ZIP): 31,008
• Household income: $90,812
• Rent vs Own: 22.4% rent · 77.6% own
• Severe rent burden: 517.0

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: Majority White (64%)
• Race & ethnicity: White 64% Black 27% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Slovak 2% Italian 2% Serbian 2%
• Foreign-born: 4% · Canada, Vietnam, China
• Languages at home: 95% English-only · Spanish 3% Vietnamese 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: ▼ -7.13%
• Current HPI: 332.9423
• Rent YoY: ▲ 6.81%
• 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

+2.2% since first listed

7 events — show timeline

• 2026-05-10 Price Changed $288,050 Zillow
• 2026-05-10 Relisted — Zillow
• 2026-03-26 Delisted — Zillow
• 2026-03-25 Price Changed $282,050 Zillow
• 2026-03-25 Relisted — Zillow
• 2026-03-22 Delisted — Zillow
• 2026-02-16 Listed $281,800 Zillow