3515 6th Avenue Sw SW · Huntsville, AL 35805

$159,900

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 153 Days on market

Built 1950 7,405 sqft lot $159/sqft · 15% below area Est $173k · 8% under

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Why this score? — see what drove the C- 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 +20.5/30.0
• ARV discount +11.0/15.0
• DSCR +6.5/10.0
• 1% rule +4.5/10.0
• Livability +4.1/5.0
• Rent growth +3.0/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable opportunity to own a home in Huntsville with easy access to downtown, Redstone Arsenal, and major employers. This inviting bungalow features a functional layout with comfortable living spaces, natural light, and a practical kitchen with ample storage. The corner lot level yard offers space to enjoy outdoor time, garden, or add future improvements. A great option for first-time buyers seeking homeownership at an attainable price in a growing area.

Key facts

• Level yard
• Corner lot
• Ample storage

Tags

• EASY ACCESS TO DOWNTOWN
• CORNER LOT
• LEVEL YARD
• AMPLE STORAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $212 ($3k/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 $151k (5.3% below list).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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 (+1.8%/yr); 133 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).
• At $1,514/mo this rent would consume 51% of the median local household income ($35k/yr) (locally 1750% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 153 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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: 0.95% ✗
• Cap rate: 7.88%
• Cash-on-cash: 5.68%
• DSCR: 1.25
• GRM: 8.8

CMA / ARV

• ARV (median comp): $173,236
• List price: $159,900
• Delta: -7.70%
• 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
3900 Birch Ave SW	0.30mi	2/1.0 (-1)	1,008 (0%)	2mo	$179,000	$178	79
3916 Birch Ave SW	0.39mi	2/1.0 (-1)	986 (-2%)	1mo	$158,700	$161	72
3811 8th Ave SW	0.28mi	2/1.0 (-1)	960 (-5%)	3mo	$200,000	$208	72
2105 North Rose Dr SW	0.58mi	2/1.0 (-1)	1,008 (0%)	0mo	$129,000	$128	68
3916 SW Hawthorne Ave	0.38mi	2/1.0 (-1)	1,053 (+4%)	3mo	$186,000	$177	68
3503 7th Ave	0.10mi	2/1.0 (-1)	1,149 (+14%)	7mo	$133,100	$116	62
4013 9th Ave	0.48mi	2/1.0 (-1)	1,060 (+5%)	7mo	$125,000	$118	58
3012 7th Ave SW	0.45mi	3/1.0	1,132 (+12%)	1mo	$88,000	$78	58
3906 10th Ave SW	0.42mi	3/2.0	1,096 (+9%)	5mo	$225,000	$205	58
4004 Cypress Ave SW	0.46mi	3/2.0	1,125 (+12%)	1mo	$268,000	$238	54
4214 9th Ave	0.63mi	3/1.0	1,080 (+7%)	7mo	$229,000	$212	52
2207 Walnut St SW	0.60mi	3/1.5	1,082 (+7%)	7mo	$265,000	$245	52

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 · 1.82% rent growth · sell at horizon

5-year hold

• IRR: -8.8%
• Equity multiple: 0.68×
• Total profit: $-14,247
• Equity at exit: $23,842

10-year hold

• IRR: -0.8%
• Equity multiple: 0.95×
• Total profit: $-2,360
• Equity at exit: $13,825

Cash invested: $44,772 (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 35805

• Home prices YoY: -17.4%
• Rents YoY: 1.8%
• Active inventory: 133
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,514 high
• Mortgage (P&I): −$839
• Tax from tax record: −$79 /mo · $945/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $212

Break-even live

Break-even rent $1,245

Max offer price $159,900

Occupancy floor 81%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3605 6th Ave SW Huntsville, AL	2.0	1.5	1338	$2,000	$1.49	43d	1	0.04mi
3700 Governors Dr SW Huntsville, AL	3.0	1.0–2.0	1547	$2,588	$1.67	13d	58	0.18mi
3801 6th Ave SW Huntsville, AL	2.0	2.0	953	$1,325	$1.39	23d	2	0.21mi
2900 4th Ave NW Huntsville, AL	2.0	1.0–2.0	765	$1,804	$2.36	13d	81	0.32mi
3912 Pine Ave SW Huntsville, AL	3.0	1.0	1350	$1,450	$1.07	23d	1	0.35mi
4013 9th Ave SW Huntsville, AL	2.0	1.0	1060	$1,098	$1.04	43d	1	0.48mi
609 10th St NW Huntsville, AL	4.0	2.0	1140	$1,650	$1.45	23d	1	0.54mi
612 Marguerite Dr NW Huntsville, AL	3.0	1.0	1040	$1,400	$1.35	43d	1	0.56mi
4112 17th St SW Unit C Huntsville, AL	2.0	2.0	750	$1,095	$1.46	43d	1	0.61mi
3016 Holmes Ave NW Huntsville, AL	3.0	1.0	1092	$1,275	$1.17	23d	1	0.72mi
2708 7th Ave SW Unit D Huntsville, AL	2.0	1.0	1000	$950	$0.95	43d	1	0.73mi
2714 9th Ave SW Huntsville, AL	3.0	2.0	1300	$1,500	$1.15	43d	1	0.73mi
905 Fairway Dr NW Huntsville, AL	2.0	1.0	1000	$995	$0.99	43d	1	0.78mi
4306 9th Ave SW Huntsville, AL	2.0	1.0	745	$1,175	$1.58	23d	1	0.79mi
2700 9th Ave SW Huntsville, AL	3.0	2.0	1469	$1,495	$1.02	43d	1	0.80mi
2999 Woodway Dr SW Huntsville, AL	1.0–2.0	1.0	676	$915	$1.35	13d	1	0.80mi
3615 N Crestview Dr NW Unit 2 Huntsville, AL	2.0	1.5	920	$795	$0.86	23d	1	0.84mi
3902 Harwood Ave SW Huntsville, AL	3.0	1.5	1248	$1,400	$1.12	23d	1	0.86mi
3621 N Crestview Dr NW Unit 2 Huntsville, AL	2.0	1.5	900	$895	$0.99	43d	1	0.86mi
2400 1st St SW Huntsville, AL	2.0–3.0	1.5–2.0	1067	$1,300	$1.22	43d	2	0.88mi
3208 Clopton St SW Huntsville, AL	2.0	1.0	812	$960	$1.18	21d	1	0.89mi
3210 Clopton St SW Huntsville, AL	2.0	1.0	812	$960	$1.18	13d	1	0.90mi
3206 Brook Manor Ave NW Huntsville, AL	2.0	1.0	1156	$1,100	$0.95	13d	1	0.91mi
2500 9th Ave SW Huntsville, AL	2.0	1.0–2.0	841	$1,623	$1.93	13d	12	0.93mi
4405 Judith Ln SW Huntsville, AL	1.0–3.0	1.0–2.0	937	$1,149	$1.23	43d	8	0.93mi
1208 Julia St NW Huntsville, AL	2.0	1.0	800	$745	$0.93	23d	1	0.93mi
407 Warner St NW Huntsville, AL	3.0	1.0	1015	$1,295	$1.28	23d	1	0.93mi
4611 Governors House Dr SW Huntsville, AL	3.0	1.0–2.0	1149	$1,995	$1.74	13d	12	0.98mi
1300 Julia St NW Unit N/A Huntsville, AL	2.0	1.0	1100	$1,195	$1.09	13d	1	0.98mi
804 Appleby St NW Huntsville, AL	2.0	2.0	1170	$1,295	$1.11	13d	1	1.00mi
2700 Union Dr NW Huntsville, AL	3.0	2.0	1340	$1,450	$1.08	21d	1	1.02mi
3205 Hillandale Rd NW Huntsville, AL	2.0	1.0	1100	$1,200	$1.09	43d	1	1.03mi
3204 Berkley St SW Huntsville, AL	3.0	1.5	1118	$1,400	$1.25	23d	1	1.07mi
604 Austin Dr NW Huntsville, AL	3.0	1.0	1075	$1,350	$1.26	23d	1	1.12mi
3218 Fairacres Rd SW Huntsville, AL	3.0	1.5	1105	$1,300	$1.18	43d	1	1.13mi
3009 Hillsboro Rd SW Huntsville, AL	3.0	1.0	1000	$1,250	$1.25	23d	1	1.13mi
608 Austin Dr NW Huntsville, AL	3.0	1.5	1100	$1,350	$1.23	23d	1	1.13mi
909 Woodall Ln NW Huntsville, AL	3.0	2.0	1368	$1,695	$1.24	43d	1	1.13mi
3218 Joslin St SW Huntsville, AL	3.0	1.5	1107	$1,495	$1.35	23d	1	1.14mi
3206 Bayless Dr SW Huntsville, AL	3.0	2.0	1150	$1,400	$1.22	13d	1	1.14mi

Listing history 19 events

1. 2026-06-18
   days on market $159,900 Active 153 DOM
2. 2026-06-17
   days on market $159,900 Active 152 DOM
3. 2026-06-16
   days on market $159,900 Active 151 DOM
4. 2026-06-15
   days on market $159,900 Active 150 DOM
5. 2026-06-14
   days on market $159,900 Active 148 DOM
6. 2026-06-10
   days on market $159,900 Active 145 DOM
7. 2026-06-09
   days on market $159,900 Active 144 DOM
8. 2026-06-08
   days on market $159,900 Active 143 DOM
9. 2026-06-07
   days on market $159,900 Active 142 DOM
10. 2026-06-03
    days on market $159,900 Active 138 DOM
11. 2026-06-02
    days on market $159,900 Active 137 DOM
12. 2026-06-01
    days on market $159,900 Active 136 DOM
13. 2026-05-31
    days on market $159,900 Active 135 DOM
14. 2026-05-30
    days on market $159,900 Active 134 DOM
15. 2026-02-09
    price $159,900 461-char remark

    Show marketing remark (461 chars)

    Affordable opportunity to own a home in Huntsville with easy access to downtown, Redstone Arsenal, and major employers. This inviting bungalow features a functional layout with comfortable living spaces, natural light, and a practical kitchen with ample storage. The corner lot level yard offers space to enjoy outdoor time, garden, or add future improvements. A great option for first-time buyers seeking homeownership at an attainable price in a growing area.

16. 2026-01-16
    listed $174,900 Active 461-char remark

    Show marketing remark (461 chars)

    Affordable opportunity to own a home in Huntsville with easy access to downtown, Redstone Arsenal, and major employers. This inviting bungalow features a functional layout with comfortable living spaces, natural light, and a practical kitchen with ample storage. The corner lot level yard offers space to enjoy outdoor time, garden, or add future improvements. A great option for first-time buyers seeking homeownership at an attainable price in a growing area.

17. 2021-06-14
    soldstatus $283,000
18. 2018-12-27
    soldstatus $100,000
19. 2015-09-23
    soldstatus $88,500

ⓘ 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: $945 · $79/mo
• Projected year-2 tax: $945 · $79/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 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,164
• − Mortgage interest: −$8,957
• − Property taxes: −$945
• − Insurance: −$800
• − Repairs & maintenance: −$1,453
• − Management: −$1,453
• − Depreciation: −$4,652
• Taxable loss: −$96
• Est. tax savings @ 24.0%: +$23
• After-tax cash flow: $2,565/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): 20,856
• Household income: $35,385
• Rent vs Own: 59.4% rent · 40.6% own
• Severe rent burden: 1750.0

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 0.69)
• Race & ethnicity: White 40% Black 31% Hispanic / Latino 24% Two or more races 8%
• Hispanic origin (detail): Mexican 17% Puerto Rican 2%
• Common ancestry: Lithuanian 1% Slovak 1% Serbian 1%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 76% English-only · Spanish 22% 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: ▼ -48.03%
• Current HPI: 228.6963
• Rent YoY: ▲ 1.82%
• 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

+80.7% since first listed

5 events — show timeline

• 2026-02-09 Price Changed $159,900 VMLS
• 2026-01-16 Listed $174,900 VMLS
• 2021-06-14 Sold (Public Records) $283,000 Public Records
• 2018-12-27 Sold (Public Records) $100,000 Public Records
• 2015-09-23 Sold (Public Records) $88,500 Public Records

Property tax history

+10.7%/yr

Latest (2024): $945 · +15.6% YoY. Source: county tax records.