2403 Yorkshire Dr · Huntsville, AL 35803

$182,000

3 bd · 1.0 ba · 962 sqft · SingleFamily public records · 6 Days on market

Built 1966 0.34 ac lot Est $187k · at est.

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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).

• Cash flow +16.4/30.0
• ARV discount +8.6/15.0
• DSCR +5.1/10.0
• Livability +4.1/5.0
• 1% rule +3.9/10.0
• Rent growth +3.4/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Well maintained 3 bedroom/1 bathroom home on one of the largest lots in Sandhurst. New carpet in bedrooms. Kitchen has plenty of cabinet and counter space. Appliances convey at no extra value. Combined living/dining room area. Laundry room off carport. Large fenced backyard. Roof approximately 5 years old. Being sold "as is" with no known defects. New pictures coming.

Key facts

• Largest lots
• 0.34 acre lot
• Parking

Tags

• LARGEST LOTS
• COMBINED LIVING DINING ROOM
• LARGE FENCED BACKYARD
• LAUNDRY ROOM OFF CARPORT
• ROOF APPROXIMATELY 5 YEARS OLD

Property features AI

Finance

• Other: Living area reported as 976 square feet
• HOA & community: No homeowners association; Subdivision: Sandhurst Park

Exterior

• Parking: Carport (1 space)
• Utilities: Public sewer
• Home design: Single-family residence; One story; Built in 1966
• Construction: Slab foundation
• Exterior features: Lot approximately 125 x 118; Public water

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Five total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $182k.

Deal economics

• At list price, monthly cash flow is $103 ($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 $161k (11.5% below list).
• Recommended offer: $161k (11.5% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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: Farley Elementary School (math 37% / reading 67%, grade C-, #102 of 627 statewide, top 17%, 338 students, 43% FRL); Challenger Middle School (math 19% / reading 55%, grade F, #73 of 257 statewide, top 29%, 438 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 (+3.7%/yr); 283 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $62k; list at $182k implies a 191% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $161,156 (11.5% below list)

Questions for the listing agent

1. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.89% ✗
• Cap rate: 6.97%
• Cash-on-cash: 2.42%
• DSCR: 1.11
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $186,628
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2404 Yorkshire Cir SW	0.07mi	3/1.0	1,028 (+7%)	11mo	$185,000	$180	76
13921 Hurstland Dr SW	0.15mi	3/2.0	1,024 (+6%)	8mo	$210,000	$205	72
13925 Hurstland Dr SW	0.15mi	3/2.0	1,026 (+7%)	8mo	$199,000	$194	71
13911 Mariellen Rd SW	0.16mi	3/2.0	1,036 (+8%)	7mo	$148,000	$143	70
14022 Wyandotte Dr	0.27mi	3/1.0	1,000 (+4%)	13mo	$180,000	$180	70
14016 Mariellen Rd SW	0.18mi	3/2.0	1,084 (+13%)	1mo	$215,000	$198	66
14001 Hurstland Dr SW	0.15mi	3/2.0	1,039 (+8%)	22mo	$215,000	$207	58
14004 Hurstland Dr SW	0.15mi	3/2.0	1,100 (+14%)	10mo	$215,000	$195	56
14018 Armond Dr SW	0.29mi	3/2.0	1,029 (+7%)	18mo	$158,000	$154	56
12309 Bell Rd SW	0.51mi	3/1.0	1,072 (+11%)	14mo	$142,500	$133	46

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 · 3.72% rent growth · sell at horizon

5-year hold

• IRR: -11.7%
• Equity multiple: 0.57×
• Total profit: $-21,804
• Equity at exit: $27,137

10-year hold

• IRR: -1.6%
• Equity multiple: 0.89×
• Total profit: $-5,787
• Equity at exit: $15,736

Cash invested: $50,960 (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 35803

• Home prices YoY: -22.9%
• Rents YoY: 3.7%
• Active inventory: 283
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,612 high
• Mortgage (P&I): −$954
• Tax from tax record: −$140 /mo · $1,682/yr
• Insurance: −$76
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $103

Break-even live

Break-even rent $1,482

Max offer price $182,000

Occupancy floor 89%

Sensitivity live

Price	-10% $206	-5% $154	+0% $103	+5% $51	+10% $0
Rent	-10% $-25	-5% $39	+0% $103	+5% $166	+10% $230
Rate	-1.0pp $194	-0.5pp $149	base $103	+0.5pp $56	+1.0pp $8

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: $45,500
• Closing costs: $5,460
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13900 Wyandotte Dr SW Huntsville, AL	3.0	2.0	1104	$1,375	$1.25	25d	1	0.25mi
7 Dairy Creek Rd SW Huntsville, AL	1.0–2.0	1.0–2.0	979	$1,725	$1.76	15d	29	0.80mi
2075 Fisher St SW Huntsville, AL	1.0–2.0	1.0	650	$1,195	$1.84	15d	2	0.91mi
100 Memorial Village Dr Huntsville, AL	1.0–3.0	1.0–2.0	973	$2,415	$2.48	15d	20	1.03mi
12340 Chicamauga Trl SE Unit C Huntsville, AL	2.0	1.5	1024	$1,100	$1.07	45d	1	1.32mi
12332 Chicamauga Trl SE Unit C Huntsville, AL	2.0	1.0	720	$975	$1.35	25d	1	1.36mi
2609 Wynterhall Rd SE Unit D Huntsville, AL	2.0	2.0	1000	$1,000	$1.00	15d	1	1.39mi

Listing history 5 events

1. 2026-06-22
   days on market $182,000 Active 6 DOM
2. 2026-06-18
   days on market $182,000 Active 3 DOM
3. 2026-06-17
   days on market $182,000 Active 2 DOM
4. 2026-06-16
   remarks 370-char remark
5. 2026-06-16
   listed $182,000 Active 1 DOM

ⓘ 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: $1,682 · $140/mo
• Projected year-2 tax: $1,682 · $140/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 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% 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: $19,339
• − Mortgage interest: −$10,195
• − Property taxes: −$1,682
• − Insurance: −$910
• − Repairs & maintenance: −$1,547
• − Management: −$1,547
• − Depreciation: −$5,295
• Taxable loss: −$1,837
• Est. tax savings @ 24.0%: +$441
• After-tax cash flow: $1,673/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): 29,197
• Household income: $100,846
• Rent vs Own: 16.6% rent · 83.4% own
• Severe rent burden: 411.0

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 (82%)
• Race & ethnicity: White 82% Hispanic / Latino 7% Two or more races 7% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 1%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 6% · Canada, China, South Korea
• Languages at home: 92% English-only · Spanish 3% Chinese 2% German/W. Germanic 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: ▼ -110.53%
• Current HPI: 372.1842
• Rent YoY: ▲ 3.72%
• 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

+182.2% since first listed

3 events — show timeline

• 2026-06-16 Listed $182,000 VMLS
• 2014-10-24 Sold (Public Records) $62,500 Public Records
• 2006-03-23 Sold (Public Records) $64,486 Public Records

Property tax history

+17.6%/yr

Latest (2024): $1,682 · +12.2% YoY. Source: county tax records.