604 Murray Rd NW · Huntsville, AL 35811

$149,900

3 bd · 1.0 ba · 1,662 sqft · SingleFamily public records · 69 Days on market

Built 1960 8,276 sqft lot $90/sqft · 17% below area Est $181k · 17% under

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Why this score? — see what drove the B- 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 +23.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +5.2/10.0
• Rent growth +4.2/5.0
• Livability +4.1/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +1.4/10.0

Listing remarks MLS

Charming single-family home in a convenient Huntsville location! Features a spacious living room, formal dining area, updated kitchen, 3 bedrooms, and 1.5 baths. Enjoy a private backyard and mature landscaping. Close to schools, shopping, parks, and downtow n Huntsville. Perfect for comfortable family living.

Key facts

• Close to parks
• Close to schools
• Private backyard

Tags

• PRIVATE BACKYARD
• MATURE LANDSCAPING
• CONVENIENT LOCATION
• CLOSE TO SCHOOLS
• CLOSE TO SHOPPING
• CLOSE TO PARKS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $283 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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.
• Market conditions: Rents rising fast (+6.8%/yr); 560 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% 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 $4k 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.
• At projected returns (-3.0% appreciation + 6.8% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 1.02% ✓
• Cap rate: 8.56%
• Cash-on-cash: 8.09%
• DSCR: 1.36
• GRM: 8.2

CMA / ARV

• ARV (median comp): $181,297
• List price: $149,900
• Delta: -17.32%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
608 Murray Rd	0.03mi	4/2.0 (+1)	1,535 (-8%)	5mo	$210,000	$137	73
448 N Edgemont Cir	0.45mi	3/2.0	1,716 (+3%)	4mo	$208,000	$121	67
600 Ofallon Rd	0.05mi	4/2.0 (+1)	1,461 (-12%)	3mo	$156,500	$107	66
641 Dawson Ter	0.28mi	3/2.0	1,506 (-9%)	10mo	$155,000	$103	59
308 Plymouth Rd	0.49mi	4/2.0 (+1)	1,698 (+2%)	7mo	$199,900	$118	59
611 Glasgow Rd	0.11mi	3/2.0	1,419 (-15%)	9mo	$195,000	$137	59
602 Ofallon Rd NW	0.05mi	4/3.0 (+1)	1,820 (+10%)	14mo	$227,000	$125	58
705 Mastin Lake Rd NW	0.09mi	3/2.0	1,430 (-14%)	15mo	$128,000	$90	56
633 Dawson Ter	0.28mi	4/2.0 (+1)	1,470 (-12%)	5mo	$115,000	$78	54
425 S Plymouth Rd NW	0.36mi	4/2.0 (+1)	1,433 (-14%)	1mo	$190,000	$133	51
618 Greenfield Dr NW	0.40mi	4/1.5 (+1)	1,902 (+14%)	1mo	$185,000	$97	50
3700 Lakewood Dr	0.59mi	3/1.5	1,499 (-10%)	14mo	$135,000	$90	42

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: -0.1%
• Equity multiple: 0.99×
• Total profit: $-217
• Equity at exit: $22,351

10-year hold

• IRR: 12.9%
• Equity multiple: 2.19×
• Total profit: $49,892
• Equity at exit: $12,961

Cash invested: $41,972 (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: 8.2×

Monthly cashflow live

• Estimated rent: $1,531 high
• Mortgage (P&I): −$786
• Tax from tax record: −$78 /mo · $937/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $283

Break-even live

Break-even rent $1,173

Max offer price $149,900

Occupancy floor 77%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
611 Ofallon Rd NW Huntsville, AL	3.0	2.0	1350	$3,000	$2.22	23d	1	0.10mi
3058 Boswell Dr NW Huntsville, AL	4.0	2.0	1450	$1,398	$0.96	43d	1	0.19mi
641 Dawson Ter NW Huntsville, AL	4.0	2.0	1506	$1,675	$1.11	13d	1	0.29mi
3606 Lakewood Rd NW Huntsville, AL	3.0	1.5	1408	$1,400	$0.99	43d	1	0.54mi
3707 Lakewood Dr NW Huntsville, AL	3.0	1.0	1100	$1,100	$1.00	43d	1	0.66mi
2032 Front St NE Huntsville, AL	4.0	2.0	1304	$1,400	$1.07	43d	1	0.88mi
2640 Blue Spring Rd NW Huntsville, AL	1.0–3.0	1.0–2.0	944	$1,149	$1.22	43d	3	0.94mi
4005 Memorial Pkwy NW Huntsville, AL	3.0	1.0	1100	$1,375	$1.25	43d	1	1.01mi
743 W Arbor Dr NW Huntsville, AL	4.0	2.0	2000	$1,600	$0.80	23d	1	1.02mi
3811 Lakeview Dr NW Huntsville, AL	3.0	2.0	1707	$1,350	$0.79	43d	1	1.03mi
2519 Birchfield St NW Huntsville, AL	3.0	1.5	1125	$1,195	$1.06	43d	1	1.03mi
2601 Blue Spring Rd NW Huntsville, AL	3.0	1.5	1700	$1,350	$0.79	23d	1	1.09mi
2106 Sullivan Rd NW Huntsville, AL	3.0	1.5	1690	$1,195	$0.71	44d	1	1.10mi
2206 Harris Rd NW Huntsville, AL	3.0	1.0	1354	$1,400	$1.03	43d	1	1.10mi
3013 Kirkland Dr NW Huntsville, AL	3.0	1.5	1324	$1,295	$0.98	43d	1	1.11mi
415 Halsey Ave NE Huntsville, AL	2.0	1.0–2.0	818	$1,760	$2.15	13d	20	1.12mi
2801 Penland Ave NW Huntsville, AL	3.0	2.0	1650	$1,450	$0.88	23d	1	1.12mi
1607 Chapman Ave NE Huntsville, AL	3.0	2.0	1508	$1,495	$0.99	23d	1	1.15mi
2213 Maysville Rd NE Huntsville, AL	3.0	2.0	1924	$1,900	$0.99	23d	1	1.20mi
2602 Gibson St NW Huntsville, AL	4.0	2.0	1795	$1,625	$0.91	43d	1	1.26mi
805 Rison Ave NE Huntsville, AL	3.0	2.0	1700	$2,250	$1.32	43d	1	1.30mi
2211 Penhall Dr NE Huntsville, AL	3.0	1.5	1274	$1,650	$1.30	43d	1	1.30mi
2416 Hanover Dr NW Huntsville, AL	3.0	2.0	1300	$1,395	$1.07	43d	1	1.32mi
3812 Melody Cir NE Huntsville, AL	3.0	1.5	2000	$1,400	$0.70	43d	1	1.32mi
4408 Kenwood Dr NW Huntsville, AL	3.0	1.5	1520	$1,195	$0.79	43d	1	1.33mi
4114 Blue Spring Rd NW Huntsville, AL	3.0	2.0	1100	$1,500	$1.36	23d	1	1.33mi
2113 Norris Rd NW Huntsville, AL	3.0	1.0	1372	$1,550	$1.13	43d	1	1.34mi
3904 Battlefield Dr NW Huntsville, AL	4.0	2.0	1890	$1,600	$0.85	43d	1	1.35mi
1224 Halsey Ave NE Huntsville, AL	3.0	2.0	1229	$2,000	$1.63	23d	1	1.35mi
3205 Lewisburg Dr NW Huntsville, AL	3.0	2.0	1408	$1,600	$1.14	23d	1	1.35mi
1503 Rison Ave NE Huntsville, AL	2.0	1.0	1070	$1,395	$1.30	43d	1	1.49mi

Listing history 18 events

1. 2026-06-18
   days on market $149,900 Active 69 DOM
2. 2026-06-17
   days on market $149,900 Active 68 DOM
3. 2026-06-16
   days on market $149,900 Active 67 DOM
4. 2026-06-15
   days on market $149,900 Active 66 DOM
5. 2026-06-14
   days on market $149,900 Active 64 DOM
6. 2026-06-10
   days on market $149,900 Active 61 DOM
7. 2026-06-09
   days on market $149,900 Active 60 DOM
8. 2026-06-08
   days on market $149,900 Active 59 DOM
9. 2026-06-07
   days on market $149,900 Active 58 DOM
10. 2026-06-03
    days on market $149,900 Active 54 DOM
11. 2026-06-02
    days on market $149,900 Active 53 DOM
12. 2026-06-01
    days on market $149,900 Active 52 DOM
13. 2026-05-31
    days on market $149,900 Active 51 DOM
14. 2026-05-30
    days on market $149,900 Active 50 DOM
15. 2026-05-15
    price $154,900 310-char remark

    Show marketing remark (310 chars)

    Charming single-family home in a convenient Huntsville location! Features a spacious living room, formal dining area, updated kitchen, 3 bedrooms, and 1.5 baths. Enjoy a private backyard and mature landscaping. Close to schools, shopping, parks, and downtow n Huntsville. Perfect for comfortable family living.

16. 2026-04-10
    listed $164,900 Active 310-char remark

    Show marketing remark (310 chars)

    Charming single-family home in a convenient Huntsville location! Features a spacious living room, formal dining area, updated kitchen, 3 bedrooms, and 1.5 baths. Enjoy a private backyard and mature landscaping. Close to schools, shopping, parks, and downtow n Huntsville. Perfect for comfortable family living.

17. 2024-03-14
    soldstatus $4,528,000
18. 2024-03-14
    soldstatus $4,528,000

ⓘ 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: $937 · $78/mo
• Projected year-2 tax: $937 · $78/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 · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% 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: $18,374
• − Mortgage interest: −$8,397
• − Property taxes: −$937
• − Insurance: −$750
• − Repairs & maintenance: −$1,470
• − Management: −$1,470
• − Depreciation: −$4,361
• Taxable income: $990
• Est. tax owed @ 24.0%: −$238
• After-tax cash flow: $3,158/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

-96.6% since first listed

4 events — show timeline

• 2026-05-15 Price Changed $154,900 VMLS
• 2026-04-10 Listed $164,900 VMLS
• 2024-03-14 Sold (Public Records) $4,528,000 Public Records
• 2024-03-14 Sold (Public Records) $4,528,000 Public Records

Property tax history

+10.6%/yr

Latest (2024): $937 · +7.2% YoY. Source: county tax records.