218 Travis Rd · Huntsville, AL 35806

$1

3 bd · 1.0 ba · 1,117 sqft · SingleFamily public records · 26 Days on market

Built 1986 Fair condition 1.60 ac lot ↓ 12% since listing

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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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +5.6/30.0
• Livability +4.1/5.0
• Schools +3.7/10.0
• Rent growth +3.1/5.0
• Condition / age +2.2/5.0
• 1% rule +1.1/10.0
• DSCR +0.1/10.0

Listing remarks MLS

ONLINE AUCTION CLOSES Tues.May 5, 2026 @ Noon • PREVIEW May 3, 2026 from 2p-4p or by appt • This 3 bed, 3 bath home on 1.6 unzoned, unrestricted acres is a great opportunity to buy and hold for future potential or redevelop now to benefit from nearby growth along Research Park Blvd. The home is 1,450± sq. ft. and features three bedrooms, each with a private full bath. All rooms open to the shared common areas, allowing landlords to maximize rental income through a mix of short- and long-term leases for individual rooms as desired. Generate cash flow with a buy-and-hold strategy for future potential, or repurpose it right away - the choice is yours. Check it out and get ready to bid online!

Key facts

• 1.6 acre lot
• 2 parking spots
• Built 1986

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $284,245 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $1. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $-589 ($-7k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).

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.
• Market conditions: Rents rising (+2.6%/yr); 213 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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

• In year one you build about $30k of equity ($2k loan paydown + $28k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$49k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($0) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: property tax is 426367.3% of price.
• Climate carrying-cost: extreme-heat days projected 6→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1

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. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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?
7. 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.
8. 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.
9. 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: 0.61% ✗
• Cap rate: 3.81%
• Cash-on-cash: -8.87%
• DSCR: 0.61
• GRM: 13.6

CMA / ARV

• ARV (median comp): $284,245
• List price: $1
• Delta: -100.00%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5984 Vinemont Dr NW	0.53mi	3/2.0	1,155 (+3%)	12mo	$237,000	$205	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 2.57% rent growth · sell at horizon

5-year hold

• IRR: 17.9%
• Equity multiple: 2.47×
• Total profit: $116,600
• Equity at exit: $256,070

10-year hold

• IRR: 16.7%
• Equity multiple: 5.67×
• Total profit: $371,401
• Equity at exit: $552,225

Cash invested: $79,589 (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 35806

• Home prices YoY: 20.0%
• Rents YoY: 2.6%
• Active inventory: 213

Monthly cashflow live

• Estimated rent: $1,742 high
• Mortgage (P&I): −$1,491
• Tax est. 1.5%: −$355 /mo · $4,264/yr
• Insurance: −$118
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $-589

Break-even live

Break-even rent $2,487

Max offer price $199,085

Occupancy floor —

Sensitivity live

Price	-10% $-392	-5% $-490	+0% $-589	+5% $-687	+10% $-785
Rent	-10% $-726	-5% $-657	+0% $-589	+5% $-520	+10% $-451
Rate	-1.0pp $-445	-0.5pp $-516	base $-589	+0.5pp $-662	+1.0pp $-737

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: $71,061
• Closing costs: $8,527
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
393 Johns Rd NW Huntsville, AL	1.0–3.0	1.0–2.0	963	$1,625	$1.69	14d	16	0.34mi
1589 Old Monrovia Rd NW Huntsville, AL	2.0–3.0	2.5–3.5	1657	$2,448	$1.48	14d	17	0.57mi
335 Culbertson Dr Huntsville, AL	1.0–3.0	1.0–3.0	1008	$2,896	$2.87	14d	1	0.63mi
1908 Catchings Dr NW Huntsville, AL	3.0	2.0	1196	$1,295	$1.08	14d	1	0.64mi
100 Rockcrest Dr NW Huntsville, AL	1.0–2.0	1.0–2.0	1000	$1,747	$1.75	14d	12	0.79mi
1001 Cernan Dr NW Huntsville, AL	1.0–3.0	1.0–2.5	1011	$2,378	$2.35	14d	19	0.80mi
6644 Willow Pointe Dr NW Unit A Huntsville, AL	2.0	2.0	1044	$1,025	$0.98	14d	1	0.82mi
930 Blue Mound Ln NW Huntsville, AL	1.0–2.0	1.0–2.0	967	$1,640	$1.70	14d	19	0.85mi
1501 Old Monrovia Rd NW Huntsville, AL	1.0–3.0	1.0–2.0	948	$1,800	$1.90	14d	20	0.86mi
741 Plummer Rd Huntsville, AL	1.0–3.0	1.0–2.0	1025	$1,744	$1.70	14d	15	0.88mi
149 Indian Creek Rd NW Huntsville, AL	1.0–2.0	1.0–2.0	921	$1,550	$1.68	14d	15	0.88mi
1325 Old Monrovia Rd NW Huntsville, AL	1.0–4.0	1.0–2.0	1262	$1,813	$1.44	14d	23	0.88mi
41 Addison Park Dr Huntsville, AL	1.0–3.0	1.0–2.0	1155	$1,635	$1.42	14d	45	0.97mi
1550 Perimeter Pkwy NW Huntsville, AL	1.0–2.0	1.0	637	$1,599	$2.51	14d	4	0.98mi
500 Providence Main St NW Huntsville, AL	1.0–3.0	1.0–2.0	1090	$1,793	$1.64	14d	35	0.99mi
1155 Old Monrovia Rd NW Huntsville, AL	2.0	2.0	1050	$1,246	$1.19	21d	1	1.08mi
1155 Old Monrovia Rd NW Huntsville, AL	1.0–2.0	1.0–2.0	950	$1,300	$1.37	14d	3	1.08mi
1155 Old Monrovia Rd NW Unit I Huntsville, AL	2.0	2.0	1075	$1,295	$1.20	14d	1	1.10mi
1060 Sandy Springs Rd NW Huntsville, AL	3.0	2.0	1297	$1,700	$1.31	24d	1	1.12mi
685 Providence Main St NW Huntsville, AL	1.0–3.0	1.0–2.0	1083	$1,523	$1.41	14d	53	1.21mi
100 Chawston Ave NW Huntsville, AL	1.0–3.0	1.0–2.5	1133	$1,995	$1.76	14d	31	1.22mi
1085 Stones Throw Dr NW Unit 1 Huntsville, AL	2.0	2.0	1400	$1,225	$0.88	44d	1	1.22mi
6500 Walden Run Huntsville, AL	1.0–3.0	1.0–2.0	1060	$1,795	$1.69	14d	104	1.23mi
445 Providence Main St NW #310 Huntsville, AL	2.0	2.0	1494	$1,900	$1.27	44d	1	1.32mi
20 Town Center Dr NW Huntsville, AL	1.0–3.0	1.0–2.0	1089	$2,750	$2.53	14d	113	1.40mi
6170 Kitt Ln NW Huntsville, AL	1.0–3.0	1.0–2.0	1031	$1,678	$1.63	14d	31	1.49mi

Listing history 7 events

1. 2026-05-08
   status Pending 717-char remark

   Show marketing remark (717 chars)

   ONLINE AUCTION CLOSES Tues.May 5, 2026 @ Noon • PREVIEW May 3, 2026 from 2p-4p or by appt • This 3 bed, 3 bath home on 1.6 unzoned, unrestricted acres is a great opportunity to buy and hold for future potential or redevelop now to benefit from nearby growth along Research Park Blvd. The home is 1,450± sq. ft. and features three bedrooms, each with a private full bath. All rooms open to the shared common areas, allowing landlords to maximize rental income through a mix of short- and long-term leases for individual rooms as desired. Generate cash flow with a buy-and-hold strategy for future potential, or repurpose it right away - the choice is yours. Check it out and get ready to bid online!

2. 2026-04-12
   listed $1 Active 717-char remark

   Show marketing remark (717 chars)

   ONLINE AUCTION CLOSES Tues.May 5, 2026 @ Noon • PREVIEW May 3, 2026 from 2p-4p or by appt • This 3 bed, 3 bath home on 1.6 unzoned, unrestricted acres is a great opportunity to buy and hold for future potential or redevelop now to benefit from nearby growth along Research Park Blvd. The home is 1,450± sq. ft. and features three bedrooms, each with a private full bath. All rooms open to the shared common areas, allowing landlords to maximize rental income through a mix of short- and long-term leases for individual rooms as desired. Generate cash flow with a buy-and-hold strategy for future potential, or repurpose it right away - the choice is yours. Check it out and get ready to bid online!

3. 2025-09-25
   price $350,000
4. 2025-07-03
   listed $400,000 Active
5. 2024-11-18
   price $325,000
6. 2024-09-06
   price $395,000
7. 2024-05-10
   listed $400,000 Active

ⓘ 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 6 d/yr ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,899
• − Mortgage interest: −$15,922
• − Property taxes: −$4,264
• − Insurance: −$1,421
• − Repairs & maintenance: −$1,672
• − Management: −$1,672
• − Depreciation: −$8,269
• Taxable loss: −$12,321
• Est. tax savings @ 24.0%: +$2,957
• After-tax cash flow: $-4,105/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.

Condition & rehab AI · 29 photos

Fair 45/100 Moderate rehab

This 3-bedroom, 3-bathroom home on 1.6 acres is in fair condition with moderate repairs and maintenance needed. Potential buyers should consider updating the paint, flooring, and systems to improve its resale and rental value.

Repairs flagged

• Minor Kitchen cabinets — Slight wear visible on some surfaces.
• Minor Bathroom fixtures — Some fixtures may need cleaning or minor repairs.
• Minor Exterior paint — Touch-up may be needed for chipped areas.
• Minor Flooring — Refinishing may be needed for worn areas.
• Minor Interior paint — Touch-up may be needed for chipped areas.
• Moderate HVAC — No visible issues, but may need inspection for age.
• Moderate Electrical — No visible issues, but may need inspection for age.
• Moderate Plumbing — No visible issues, but may need inspection for age.

Value-add opportunities

• Resale Paint touch-up — Fresh paint can enhance curb appeal and home value.
• Resale Floor refinishing — Refinished floors can improve the home's appearance and value.
• Rental HVAC inspection — A clean and efficient HVAC system can attract renters and reduce utility costs.
• Rental Electrical inspection — A safe and up-to-date electrical system is essential for rental properties.
• Rental Plumbing inspection — A safe and up-to-date plumbing system is essential for rental properties.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Slight wear visible on some surfaces.	Minor	$500–3,000
Bathroom fixtures · Some fixtures may need cleaning or minor repairs.	Minor	$500–3,000
Exterior paint · Touch-up may be needed for chipped areas.	Minor	$500–3,000
Flooring · Refinishing may be needed for worn areas.	Minor	$500–3,000
Interior paint · Touch-up may be needed for chipped areas.	Minor	$500–3,000
HVAC · No visible issues, but may need inspection for age.	Moderate	$3,000–15,000
Electrical · No visible issues, but may need inspection for age.	Moderate	$3,000–15,000
Plumbing · No visible issues, but may need inspection for age.	Moderate	$3,000–15,000
Total estimated repair cost · 8 items		$11,500–60,000

Value-add ROI direction

• Resale Paint touch-up — Fresh paint can enhance curb appeal and home value. ↑
• Resale Floor refinishing — Refinished floors can improve the home's appearance and value. ↑
• Rental HVAC inspection — A clean and efficient HVAC system can attract renters and reduce utility costs. ↑
• Rental Electrical inspection — A safe and up-to-date electrical system is essential for rental properties. ↑
• Rental Plumbing inspection — A safe and up-to-date plumbing system is essential for rental properties. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 29,161
• Household income: $86,768
• Rent vs Own: 54.2% rent · 45.8% own
• Severe rent burden: 1249.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 58% Black 30% Hispanic / Latino 5% Two or more races 5% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Slovak 2% Italian 2% Serbian 2%
• Foreign-born: 7% · Canada, Vietnam, China
• Languages at home: 93% English-only · Spanish 2% Other Indo-European 1% Other Asian/Pacific 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: ▲ 71.67%
• Current HPI: 430.5866
• Rent YoY: ▲ 2.57%
• 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

-12.5% since first listed

7 events — show timeline

• 2026-05-08 Pending — VMLS
• 2026-04-12 Listed $1 VMLS
• 2025-09-25 Price Changed $350,000 VMLS
• 2025-07-03 Listed $400,000 VMLS
• 2024-11-18 Price Changed $325,000 VMLS
• 2024-09-06 Price Changed $395,000 VMLS
• 2024-05-10 Listed $400,000 VMLS

Property tax history

-5.2%/yr

Latest (2024): $386 · +58.4% YoY. Source: county tax records.