3824 Crane Dr NE · Huntsville, AL 35811

$154,900

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 54 Days on market

Built 1959 8,712 sqft lot $179/sqft · 14% above area Est $151k · 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 +13.2/30.0
• ARV discount +6.3/15.0
• Rent growth +4.2/5.0
• Livability +4.1/5.0
• DSCR +4.0/10.0
• 1% rule +3.0/10.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +1.4/10.0

Listing remarks MLS

ADORABLE refurbished mid-century modern home walking distance to Alabama A&M campus, Drake Tech and MLK Elementary School off Meridian Street! Edmonton Heights is designated to National Register of Historic Places, June 2021 (see detail in documents). Recent grey interior paint and bamboo flooring throughout (except tile in bath and vinyl in Kitchen)! 3BR, 1BA. Storage closet off Carport and additional detached storage building in backyard. Chain link fence around entire lot. Refrigerator and Range included. Washer/Dryer (not included) hookup in Kitchen. Sold as-is, where-is but seller has made repairs to electrical, plumbing and replaced bathtub surround prior to list.

Key facts

• Hardwood flooring
• Washer dryer hookups
• Tile in bathroom

Tags

• HISTORIC EDMONTON HEIGHTS
• HARDWOOD FLOORING
• TILE IN BATHROOM
• REFRIGERATOR AND RANGE
• WASHER DRYER HOOKUPS
• CHAIN LINK FENCED YARD

Property features AI

Finance

• HOA & community: No association; Subdivision: Edmonton Heights

Exterior

• Parking: One covered carport; Concrete driveway parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level; Built in 1959
• Construction: Vinyl siding; Slab foundation
• Exterior features: Concrete driveway

Interior

• Kitchen: Range; Refrigerator
• Bathrooms: One full bathroom
• Heating & cooling: Central cooling; Gas heating
• Interior features: Six total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $-3 ($-37/yr) — negative.
• To cash-flow at today's rent, offer at most $154k (0.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $124k (19.7% below list).
• Recommended offer: $124k (19.7% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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: Martin Luther King Jr Elementary School (math 4% / reading 18%, grade F, #560 of 627 statewide, top 90%, 464 students, 89% FRL); Challenger Middle School (math 19% / reading 55%, grade F, #73 of 257 statewide, top 29%, 438 students, 44% FRL); Lee High School (math 2% / reading 17%, grade F, #252 of 305 statewide, top 84%, 840 students, 77% FRL) — zoned schools average 70% FRL vs 46% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 19% at this address vs 34% district-wide (-14 pts) — the specific schools serving this property underperform the Huntsville City average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+6.8%/yr); 573 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $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 54 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $105k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1959 — 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 $124,383 (19.7% 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 54 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.80% ✗
• Cap rate: 6.27%
• Cash-on-cash: -0.09%
• DSCR: 1.00
• GRM: 10.4

CMA / ARV

• ARV (median comp): $150,747
• List price: $154,900
• Delta: 2.76%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
133 Wilkenson Dr NE	0.08mi	3/1.0	864 (0%)	8mo	$145,000	$168	90
153 Wilkenson Dr NE	0.08mi	3/1.0	864 (0%)	12mo	$162,500	$188	86
203 Victory Ln NE	0.09mi	3/1.0	925 (+7%)	8mo	$166,000	$179	78
3807 Melody Rd NE	0.22mi	3/1.0	920 (+6%)	3mo	$151,000	$164	77
172 Wilkenson Dr NE	0.12mi	3/1.0	884 (+2%)	20mo	$145,000	$164	74
3815 Colton Ln NE	0.11mi	3/1.0	900 (+4%)	21mo	$179,900	$200	70
3803 Melody Rd NE	0.20mi	3/1.0	931 (+8%)	20mo	$162,900	$175	61

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: -12.6%
• Equity multiple: 0.53×
• Total profit: $-20,379
• Equity at exit: $23,096

10-year hold

• IRR: 1.1%
• Equity multiple: 1.09×
• Total profit: $3,841
• Equity at exit: $13,393

Cash invested: $43,372 (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: 573
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,244 high
• Mortgage (P&I): −$812
• Tax from tax record: −$109 /mo · $1,306/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $-3

Break-even live

Break-even rent $1,248

Max offer price $154,357

Occupancy floor 95%

Sensitivity live

Price	-10% $85	-5% $41	+0% $-3	+5% $-47	+10% $-91
Rent	-10% $-101	-5% $-52	+0% $-3	+5% $46	+10% $95
Rate	-1.0pp $75	-0.5pp $36	base $-3	+0.5pp $-43	+1.0pp $-84

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3330 Meridian St N Huntsville, AL	2.0	1.0	800	$700	$0.88	16d	1	0.56mi
3328 Meridian St N Apt 114 Huntsville, AL	2.0	1.0	800	$600	$0.75	16d	1	0.59mi
203 N Plymouth Rd NW Huntsville, AL	2.0	1.0	796	$1,310	$1.65	16d	1	0.82mi
4005 Memorial Pkwy NW Huntsville, AL	3.0	1.0	1100	$1,375	$1.25	46d	1	0.96mi
3707 Lakewood Dr NW Huntsville, AL	3.0	1.0	1100	$1,100	$1.00	46d	1	0.98mi
2117 Griffith Dr NW Huntsville, AL	3.0	1.0	1000	$1,095	$1.09	25d	1	1.14mi
4130 High Mountain Rd NE Huntsville, AL	1.0–3.0	1.0–2.0	1119	$2,061	$1.84	46d	129	1.17mi
102 Winchester Rd NW Huntsville, AL	2.0	1.0	850	$1,110	$1.31	46d	4	1.19mi
2107 Epworth Dr NE Unit H Huntsville, AL	2.0	1.5	875	$1,175	$1.34	16d	1	1.23mi
2207 Norwood Dr NW Huntsville, AL	3.0	1.0	1020	$1,295	$1.27	16d	1	1.31mi
2809 Academy Dr NW Huntsville, AL	2.0	1.5	900	$950	$1.06	46d	1	1.34mi
621 Murray Rd NW Huntsville, AL	3.0	1.5	1008	$1,325	$1.31	16d	1	1.35mi
2200 Norwood Dr NW Huntsville, AL	3.0	1.0	1060	$1,150	$1.08	25d	1	1.35mi
522 Lisa Ln NW Huntsville, AL	4.0	3.0	1025	$1,695	$1.65	46d	1	1.40mi
2219 Jonathan Dr NW Apt C Huntsville, AL	2.0	1.5	850	$850	$1.00	46d	1	1.47mi
2601 Academy Dr NW Huntsville, AL	2.0–4.0	1.0–2.0	971	$1,262	$1.30	46d	1	1.49mi

Listing history 28 events

1. 2026-06-23
   days on market $154,900 Active 54 DOM
2. 2026-06-22
   days on market $154,900 Active 53 DOM
3. 2026-06-18
   days on market $154,900 Active 50 DOM
4. 2026-06-17
   days on market $154,900 Active 49 DOM
5. 2026-06-16
   days on market $154,900 Active 48 DOM
6. 2026-06-15
   days on market $154,900 Active 47 DOM
7. 2026-06-14
   days on market $154,900 Active 45 DOM
8. 2026-06-10
   days on market $154,900 Active 42 DOM
9. 2026-06-09
   days on market $154,900 Active 41 DOM
10. 2026-06-08
    days on market $154,900 Active 40 DOM
11. 2026-06-07
    pricedays on market $154,900 Active 39 DOM
12. 2026-06-03
    days on market $164,900 Active 35 DOM
13. 2026-06-02
    days on market $164,900 Active 34 DOM
14. 2026-06-01
    days on market $164,900 Active 33 DOM
15. 2026-05-31
    days on market $164,900 Active 32 DOM
16. 2026-05-30
    days on market $164,900 Active 31 DOM
17. 2026-04-29
    listed $164,900 Active 596-char remark
18. 2021-08-20
    soldstatus $105,000
19. 2021-08-17
    soldstatus $105,000 Sold 684-char remark

    Show marketing remark (684 chars)

    ADORABLE refurbished mid-century modern home walking distance to Alabama A&M campus, Drake Tech and MLK Elementary School off Meridian Street! Edmonton Heights is designated to National Register of Historic Places, June 2021 (see detail in documents). Recent grey interior paint and bamboo flooring throughout (except tile in bath and vinyl in Kitchen)! 3BR, 1BA. Storage closet off Carport and additional detached storage building in backyard. Chain link fence around entire lot. Refrigerator and Range included. Washer/Dryer (not included) hookup in Kitchen. Sold as-is, where-is but seller has made repairs to electrical, plumbing and replaced bathtub surround prior to list.

20. 2021-08-04
    status Pending 684-char remark

    Show marketing remark (684 chars)

    ADORABLE refurbished mid-century modern home walking distance to Alabama A&M campus, Drake Tech and MLK Elementary School off Meridian Street! Edmonton Heights is designated to National Register of Historic Places, June 2021 (see detail in documents). Recent grey interior paint and bamboo flooring throughout (except tile in bath and vinyl in Kitchen)! 3BR, 1BA. Storage closet off Carport and additional detached storage building in backyard. Chain link fence around entire lot. Refrigerator and Range included. Washer/Dryer (not included) hookup in Kitchen. Sold as-is, where-is but seller has made repairs to electrical, plumbing and replaced bathtub surround prior to list.

21. 2021-07-29
    listed $107,000 Active 684-char remark

    Show marketing remark (684 chars)

    ADORABLE refurbished mid-century modern home walking distance to Alabama A&M campus, Drake Tech and MLK Elementary School off Meridian Street! Edmonton Heights is designated to National Register of Historic Places, June 2021 (see detail in documents). Recent grey interior paint and bamboo flooring throughout (except tile in bath and vinyl in Kitchen)! 3BR, 1BA. Storage closet off Carport and additional detached storage building in backyard. Chain link fence around entire lot. Refrigerator and Range included. Washer/Dryer (not included) hookup in Kitchen. Sold as-is, where-is but seller has made repairs to electrical, plumbing and replaced bathtub surround prior to list.

22. 2021-03-01
    status Pending
23. 2021-02-25
    historical
24. 2021-02-23
    status Pending
25. 2021-02-10
    status Pending
26. 2021-01-22
    status Pending
27. 2021-01-19
    listed $79,000 Active
28. 2020-06-10
    soldstatus $55,000

ⓘ 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: $1,306 · $109/mo
• Projected year-2 tax: $1,306 · $109/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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% 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: $14,926
• − Mortgage interest: −$8,677
• − Property taxes: −$1,306
• − Insurance: −$774
• − Repairs & maintenance: −$1,194
• − Management: −$1,194
• − Depreciation: −$4,506
• Taxable loss: −$2,726
• Est. tax savings @ 24.0%: +$654
• After-tax cash flow: $617/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): 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

+181.6% since first listed

13 events — show timeline

• 2026-06-05 Price Changed $154,900 VMLS
• 2026-04-29 Listed $164,900 VMLS
• 2021-08-20 Sold (Public Records) $105,000 Public Records
• 2021-08-17 Sold (MLS) $105,000 VMLS
• 2021-08-04 Pending — VMLS
• 2021-07-29 Listed $107,000 VMLS
• 2021-03-01 Pending — VMLS
• 2021-02-25 Delisted — VMLS
• 2021-02-23 Pending — VMLS
• 2021-02-10 Pending — VMLS
• 2021-01-22 Pending — VMLS
• 2021-01-19 Listed $79,000 VMLS
• 2020-06-10 Sold (Public Records) $55,000 Public Records

Property tax history

+12.9%/yr

Latest (2024): $1,306 · +7.3% YoY. Source: county tax records.