132 Ladd Rd · Huntsville, AL 35811

$239,000

3 bd · 1.0 ba · 1,526 sqft · SingleFamily public records · 24 Days on market

Built 2010 $157/sqft · 9% below area Est $263k · 9% under

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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).

• ARV discount +11.6/15.0
• Cash flow +7.5/30.0
• Rent growth +4.2/5.0
• Livability +4.1/5.0
• Schools +3.7/10.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +1.6/10.0
• Appreciation +1.4/10.0

Listing remarks MLS

100% RSDA financing!Wonderful community w/ beautiful views of the mountains.Close to dining, shopping, recreation and work.Seller provides a 2/10 warranty for your peace of mind. Your new home is full brick & on a very large lot.Perfect for a detached garage.Not many lots left in this community.Quality built w/ low E wdws & full electric for energy efficiency.Radon ready & sodded front/side yards.Stainless appl pkg & 2 car garage. Great eat in kitchen.

Key facts

• Huge pantry
• Open floor plan
• Covered patio

Tags

• LADD PLACE SUBDIVISION
• OPEN FLOOR PLAN
• HUGE PANTRY
• COVERED PATIO
• EXTRA LARGE LOT
• CORNER LOT

Property features AI

Finance

• HOA & community: No homeowners association; Subdivision: Ladd Place

Exterior

• Parking: Attached 2-car garage
• Utilities: Sewer: Septic tank
• Home design: Single-family residence; Built in 2010; Residential property
• Construction: Brick construction; Slab foundation
• Exterior features: Public water

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: One-level layout

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $239k.

Deal economics

• At list price, monthly cash flow is $-295 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $196k (17.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $172k (28.1% below list).
• Recommended offer: $172k (28.1% below list) — sets the bar for 1% rule.
• Cap rate 4.8% vs local median 3.8% in Huntsville — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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.
• 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.
• Zoned schools: Riverton Elementary School (math 52% / reading 67%, grade B-, #63 of 627 statewide, top 10%, 581 students, 29% FRL); Riverton Intermediate School (math 25% / reading 63%, grade D, #42 of 257 statewide, top 17%, 813 students, 36% FRL); Buckhorn High School (math 31% / reading 33%, grade F, #59 of 305 statewide, top 21%, 1,287 students, 34% FRL) — zoned schools at 33% FRL track the district average.
• Market conditions: Rents rising fast (+6.8%/yr); 560 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% 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 24 days — a 2% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 16y ago 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.
• Current owner paid $136k; list at $239k implies a 75% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $171,749 (28.1% 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. 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: 0.72% ✗
• Cap rate: 4.81%
• Cash-on-cash: -5.29%
• DSCR: 0.76
• GRM: 11.6

CMA / ARV

• ARV (median comp): $262,950
• List price: $239,000
• Delta: -9.11%
• 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
391 Jackson Point Cir Unit A	0.46mi	3/2.0	1,537 (+1%)	1mo	$259,900	$169	73
394 Jackson Point Cir	0.46mi	3/2.0	1,537 (+1%)	4mo	$263,900	$172	70
206 Harlans Cir	0.24mi	3/2.0	1,422 (-7%)	5mo	$265,900	$187	69
387 Jackson Point Cir Unit B	0.44mi	4/2.0 (+1)	1,558 (+2%)	1mo	$263,900	$169	66
390 Jackson Point Cir Unit B	0.46mi	4/2.0 (+1)	1,558 (+2%)	2mo	$265,400	$170	65
207 Steppe Ct	0.30mi	3/2.0	1,400 (-8%)	6mo	$255,000	$182	63
397 Jackson Point Cir	0.46mi	4/2.0 (+1)	1,558 (+2%)	5mo	$263,900	$169	62
396 Jackson Point Cir Unit B	0.46mi	4/2.0 (+1)	1,558 (+2%)	6mo	$269,900	$173	61
217 Harlans Cir	0.33mi	3/2.0	1,358 (-11%)	3mo	$259,000	$191	60
232 Antler Ridge Dr	0.45mi	3/2.0	1,683 (+10%)	6mo	$268,000	$159	53
4406 Maysville Rd NE	0.33mi	3/2.0	1,297 (-15%)	5mo	$260,000	$200	52
132 Castleridge Dr	0.74mi	3/2.0	1,395 (-9%)	4mo	$275,000	$197	44

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: -21.2%
• Equity multiple: 0.24×
• Total profit: $-50,646
• Equity at exit: $35,636

10-year hold

• IRR: -7.7%
• Equity multiple: 0.43×
• Total profit: $-37,836
• Equity at exit: $20,664

Cash invested: $66,920 (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: 11.6×

Monthly cashflow live

• Estimated rent: $1,717 high
• Mortgage (P&I): −$1,253
• Tax est. 1.5%: −$299 /mo · $3,585/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $-295

Break-even live

Break-even rent $2,091

Max offer price $196,334

Occupancy floor —

Sensitivity live

Price	-10% $-130	-5% $-212	+0% $-295	+5% $-377	+10% $-460
Rent	-10% $-431	-5% $-363	+0% $-295	+5% $-227	+10% $-159
Rate	-1.0pp $-174	-0.5pp $-234	base $-295	+0.5pp $-357	+1.0pp $-420

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
112 Raptor Ct Huntsville, AL	3.0	2.0	1242	$1,700	$1.37	44d	1	0.38mi
4429 Maysville Rd NE Huntsville, AL	3.0	2.0	1248	$1,650	$1.32	14d	1	0.39mi
104 Bataleur Ct Huntsville, AL	3.0	2.0	1250	$1,600	$1.28	44d	1	0.53mi
227 Falcon Ridge Dr Huntsville, AL	3.0	2.0	1425	$1,591	$1.12	44d	1	0.77mi
300 Addison Ct New Market, AL	4.0	3.0	2167	$1,850	$0.85	14d	1	0.97mi
292 Tercel Dr New Market, AL	4.0	2.0	1608	$1,600	$1.00	44d	1	0.98mi
105 Fellington Ct New Market, AL	4.0	3.0	2103	$2,000	$0.95	22d	1	1.16mi
236 Tanner Point Dr New Market, AL	3.0	2.0	1288	$1,665	$1.29	14d	1	1.20mi
102 Derbyshire Dr New Market, AL	3.0	2.0	1537	$1,600	$1.04	44d	1	1.24mi
228 Tanner Point Dr New Market, AL	3.0	2.0	1645	$1,750	$1.06	44d	1	1.27mi
129 Canonbury Dr New Market, AL	4.0	2.0	1884	$1,900	$1.01	22d	1	1.31mi
129 Canonbury Dr New Market, AL	4.0	2.0	1886	$1,950	$1.03	44d	1	1.31mi
121 Rolling Green Dr New Market, AL	4.0	2.0	1863	$1,825	$0.98	24d	1	1.34mi

Listing history 8 events

1. 2026-06-03
   status $239,000 Pending 24 DOM
2. 2026-06-02
   days on market $239,000 Active 24 DOM
3. 2026-06-01
   days on market $239,000 Active 23 DOM
4. 2026-05-31
   days on market $239,000 Active 22 DOM
5. 2026-05-30
   days on market $239,000 Active 21 DOM
6. 2026-05-09
   listed $239,000 Active 506-char remark
7. 2012-08-03
   soldstatus $136,500 472-char remark

   Show marketing remark (472 chars)

   100% RSDA financing!Wonderful community w/ beautiful views of the mountains.Close to dining, shopping, recreation and work.Seller provides a 2/10 warranty for your peace of mind. Your new home is full brick & on a very large lot.Perfect for a detached garage.Not many lots left in this community.Quality built w/ low E wdws & full electric for energy efficiency.Radon ready & sodded front/side yards.Stainless appl pkg & 2 car garage. Great eat in kitchen.

8. 2010-10-21
   listed $139,900 472-char remark

   Show marketing remark (472 chars)

   100% RSDA financing!Wonderful community w/ beautiful views of the mountains.Close to dining, shopping, recreation and work.Seller provides a 2/10 warranty for your peace of mind. Your new home is full brick & on a very large lot.Perfect for a detached garage.Not many lots left in this community.Quality built w/ low E wdws & full electric for energy efficiency.Radon ready & sodded front/side yards.Stainless appl pkg & 2 car garage. Great eat in kitchen.

ⓘ 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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% 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: $20,610
• − Mortgage interest: −$13,388
• − Property taxes: −$3,585
• − Insurance: −$1,195
• − Repairs & maintenance: −$1,649
• − Management: −$1,649
• − Depreciation: −$6,953
• Taxable loss: −$7,808
• Est. tax savings @ 24.0%: +$1,874
• After-tax cash flow: $-1,664/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 — 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

• County: Madison County · 380,832 people
• City population: 220,435
• 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

+70.8% since first listed

4 events — show timeline

• 2026-06-02 Pending — VMLS
• 2026-05-09 Listed $239,000 VMLS
• 2012-08-03 Sold (MLS) $136,500 VMLS
• 2010-10-21 Listed $139,900 VMLS

Property tax history

-0.9%/yr

Latest (2017): $418 · +0.1% YoY. Source: county tax records.