134 Harness Dr · Huntsville, AL 35806

$359,000

4 bd · 1.0 ba · 2,547 sqft · SingleFamily public records · 16 Days on market

Built 2009 8,712 sqft lot Est $456k · 21% 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 +15.0/15.0
• Appreciation +10.0/10.0
• Cash flow +7.9/30.0
• Livability +4.1/5.0
• Schools +3.7/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• 1% rule +1.2/10.0

Listing remarks MLS

Come see this beautiful, 2547 sq ft brick home on a cul-de-sac, on the outskirts of Madison. This home features 4 bedrooms and 2 bathrooms, eat in kitchen, tile flooring in kitchen and bathrooms, enclosed sunroom, newly painted two car garage, newly painted interior walls, doors and trim, Gas fireplace, new vanities in bathrooms and a walk in shower, and in a perfect location, just minutes to work, dining or shopping in Madison or Huntsville. Home is fully handicap accessible. Schedule your showing today! All information to be verified by buyer/buyers agent. (Virtual staging used, home is sold unfurnished)

Key facts

• Enclosed sunroom
• Eat in kitchen
• Tile flooring

Tags

• CUL-DE-SAC
• EAT IN KITCHEN
• TILE FLOORING
• ENCLOSED SUNROOM
• TWO CAR GARAGE
• NEW VANITIES

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: Attached garage; Concrete driveway
• Utilities: Septic tank
• Home design: Single-family residence; Residential property
• Construction: Vinyl siding; Slab foundation
• Exterior features: Lot on approximately 0.2 acre; Located in a cul-de-sac

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Gas log fireplace; Central heating and cooling

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $359k.

Deal economics

• At list price, monthly cash flow is $-378 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $292k (18.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $224k (37.6% below list).
• Recommended offer: $224k (37.6% below list) — sets the bar for 1% rule.
• Cap rate 5.0% 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.
• 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: Monrovia Elementary School (math 37% / reading 69%, grade C, #100 of 627 statewide, top 16%, 495 students, 29% FRL); Monrovia Middle School (math 29% / reading 66%, grade C-, #32 of 257 statewide, top 12%, 1,003 students, 31% FRL); Sparkman High School (math 28% / reading 37%, grade F, #58 of 305 statewide, top 19%, 1,738 students, 37% FRL) — zoned schools at 32% FRL track the district average.
• Market conditions: Rents rising (+2.6%/yr); 216 active listings in the ZIP; 6 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).
• This rent runs 31% of the median local income ($87k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $38k of equity ($2k loan paydown + $36k 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 ~$62k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($354k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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 $190k; list at $359k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $223,927 (37.6% 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: 0.62% ✗
• Cap rate: 5.03%
• Cash-on-cash: -4.51%
• DSCR: 0.80
• GRM: 13.4

CMA / ARV

• ARV (on-the-fly): $455,913
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
126 Navaho Trl	0.54mi	3/2.0 (-1)	2,459 (-4%)	4mo	$353,000	$144	56
108 Quail Hollow Rd NW	0.22mi	5/3.0 (+1)	2,800 (+10%)	8mo	$425,000	$152	54
107 Indian Valley Rd	0.31mi	3/2.0 (-1)	2,810 (+10%)	10mo	$347,000	$123	51
133 Raccoon Trce	0.46mi	4/2.5	2,284 (-10%)	10mo	$370,000	$162	47
1006 Split Rock Cv	0.74mi	3/2.0 (-1)	2,596 (+2%)	10mo	$475,000	$183	45
907 Binding Br	0.72mi	3/2.0 (-1)	2,374 (-7%)	3mo	$425,000	$179	44
167 Kingswood Dr	0.63mi	4/2.0	2,303 (-10%)	8mo	$364,000	$158	44
113 Anastasia Dr	0.37mi	5/3.5 (+1)	2,860 (+12%)	9mo	$535,000	$187	40
919 Binding Br NW	0.65mi	3/2.0 (-1)	2,784 (+9%)	11mo	$532,000	$191	36
929 Binding Br NW	0.59mi	3/2.0 (-1)	2,215 (-13%)	10mo	$424,900	$192	34
1034 Split Rock Cv	0.74mi	3/2.0 (-1)	2,251 (-12%)	8mo	$426,900	$190	30
7608 Ashor Dr	0.65mi	5/3.0 (+1)	2,885 (+13%)	12mo	$433,000	$150	24

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: 21.0%
• Equity multiple: 2.69×
• Total profit: $170,298
• Equity at exit: $323,416

10-year hold

• IRR: 18.9%
• Equity multiple: 6.15×
• Total profit: $518,176
• Equity at exit: $697,458

Cash invested: $100,520 (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: 216
• Price-to-rent: 13.4×

Monthly cashflow live

• Estimated rent: $2,239 high
• Mortgage (P&I): −$1,883
• Tax from tax record: −$115 /mo · $1,380/yr
• Insurance: −$150
• HOA: −$0
• Vacancy / Maint / Mgmt: −$470
• Net cashflow: $-378

Break-even live

Break-even rent $2,718

Max offer price $292,191

Occupancy floor —

Sensitivity live

Price	-10% $-175	-5% $-277	+0% $-378	+5% $-480	+10% $-581
Rent	-10% $-555	-5% $-467	+0% $-378	+5% $-290	+10% $-201
Rate	-1.0pp $-197	-0.5pp $-287	base $-378	+0.5pp $-471	+1.0pp $-566

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: $89,750
• Closing costs: $10,770
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
171 Kingswood Dr Huntsville, AL	4.0	2.5	2850	$2,500	$0.88	15d	1	0.58mi
8223 Stone Mill Dr NW Huntsville, AL	3.0	2.5	2046	$2,300	$1.12	45d	1	0.65mi
7102 Sutter Ct Huntsville, AL	5.0	2.5	2675	$2,395	$0.90	25d	1	0.88mi
351 Lofton Rd NW Huntsville, AL	4.0	2.5	2186	$2,315	$1.06	15d	1	0.93mi
7203 Chatfield Way NW Huntsville, AL	4.0	2.5	2047	$1,799	$0.88	45d	1	0.98mi
102 Fred Atkinson Rd Huntsville, AL	4.0	3.0	3022	$2,700	$0.89	45d	1	1.17mi

Listing history 18 events

1. 2026-06-22
   days on market $359,000 Active 16 DOM
2. 2026-06-18
   days on market $359,000 Active 13 DOM
3. 2026-06-17
   days on market $359,000 Active 12 DOM
4. 2026-06-16
   days on market $359,000 Active 11 DOM
5. 2026-06-15
   days on market $359,000 Active 10 DOM
6. 2026-06-14
   days on market $359,000 Active 8 DOM
7. 2026-06-10
   days on market $359,000 Active 5 DOM
8. 2026-06-09
   days on market $359,000 Active 4 DOM
9. 2026-06-08
   days on market $359,000 Active 3 DOM
10. 2026-06-07
    days on marketlisting id $359,000 Active 2 DOM
11. 2026-06-02
    days on market $359,000 Active 14 DOM
12. 2026-06-01
    days on market $359,000 Active 13 DOM
13. 2026-05-31
    days on market $359,000 Active 12 DOM
14. 2026-05-30
    days on market $359,000 Active 11 DOM
15. 2026-05-18
    listed $359,000 Active

    Show marketing remark (614 chars)

    Come see this beautiful, 2547 sq ft brick home on a cul-de-sac, on the outskirts of Madison. This home features 4 bedrooms and 2 bathrooms, eat in kitchen, tile flooring in kitchen and bathrooms, enclosed sunroom, newly painted two car garage, newly painted interior walls, doors and trim, Gas fireplace, new vanities in bathrooms and a walk in shower, and in a perfect location, just minutes to work, dining or shopping in Madison or Huntsville. Home is fully handicap accessible. Schedule your showing today! All information to be verified by buyer/buyers agent. (Virtual staging used, home is sold unfurnished)

16. 2017-07-28
    soldstatus $190,000
17. 2017-07-26
    soldstatus $190,000 497-char remark

    Show marketing remark (497 chars)

    LEASE PURCHASE OPTION AVAILABLE, CALL AGENT FOR DETAILS!! NICE 4 BEDROOM HOME WITH HANDICAP ACCESSIBILITY TO HOME AND MASTER! VAULTED CEILINGS, ISOLATED MASTER BEDROOM WITH GLAMOUR BATH, ENCLOSED SUNROOM. KITCHEN AND BREAKFAST AREA FLOW NICELY INTO THE FAMILY ROOM. KITCHEN HAS ISLAND AND STAINLESS APPLIANCES. GRANITE COUNTER TOPS, TILE FLOORS IN ALL WET AREAS. 2" BLINDS THROUGHOUT HOME. CLOSE TO SHOPPING AND REDSTONE ARSENAL. SUBDIVISION IS A CUL-DE-SAC STREET ALLOWING FOR LESS TRAFFIC!

18. 2017-01-26
    listed $205,000 497-char remark

    Show marketing remark (497 chars)

    LEASE PURCHASE OPTION AVAILABLE, CALL AGENT FOR DETAILS!! NICE 4 BEDROOM HOME WITH HANDICAP ACCESSIBILITY TO HOME AND MASTER! VAULTED CEILINGS, ISOLATED MASTER BEDROOM WITH GLAMOUR BATH, ENCLOSED SUNROOM. KITCHEN AND BREAKFAST AREA FLOW NICELY INTO THE FAMILY ROOM. KITCHEN HAS ISLAND AND STAINLESS APPLIANCES. GRANITE COUNTER TOPS, TILE FLOORS IN ALL WET AREAS. 2" BLINDS THROUGHOUT HOME. CLOSE TO SHOPPING AND REDSTONE ARSENAL. SUBDIVISION IS A CUL-DE-SAC STREET ALLOWING FOR LESS TRAFFIC!

ⓘ 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: $1,380 · $115/mo
• Projected year-2 tax: $1,472 · $123/mo
• Expected delta: +$92/yr (+$8/mo · 6.7%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% 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: $26,871
• − Mortgage interest: −$20,110
• − Property taxes: −$1,380
• − Insurance: −$1,795
• − Repairs & maintenance: −$2,150
• − Management: −$2,150
• − Depreciation: −$10,444
• Taxable loss: −$11,156
• Est. tax savings @ 24.0%: +$2,678
• After-tax cash flow: $-1,861/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): 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

+75.1% since first listed

5 events — show timeline

• 2026-06-05 Listed $359,000 VMLS
• 2026-05-18 Listed $359,000 SAARMLS
• 2017-07-28 Sold (Public Records) $190,000 Public Records
• 2017-07-26 Sold (MLS) $190,000 VMLS
• 2017-01-26 Listed $205,000 VMLS

Property tax history

-1.4%/yr

Latest (2017): $1,380 · +0.1% YoY. Source: county tax records.