2208 Emma Ln · Jasper, AL 35501

$50,000

2 bd · 1.0 ba · 956 sqft · SingleFamily public records · 167 Days on market

Built 1940 1.60 ac lot $52/sqft · 44% below area Est $90k · 44% under ↓ 17% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.4/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment Opportunity! Jasper City Limits. Don't miss out on this 2 bedroom/1 bath home + 2 bedroom/1 bath mobile home. With a little TLC you could use both as a rental, live in one & rent the other or live in one and have a guest house. Property is being sold as-is/where is.

Key facts

• 1.6 acre lot
• Garage
• Built 1940

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $311 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($831 rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.7% vs local median 3.8% in Jasper — 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 62/100 on livability (#228 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, schools D, crime F.
• Jasper City (town): math 27% / reading 55% proficiency, ranked #23 of 129 in AL (top 18%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 86 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; 36 units permitted in Walker County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $346 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Walker County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 167 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $44,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 167 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 1940 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
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: 1.66% ✓
• Cap rate: 13.75%
• Cash-on-cash: 26.63%
• DSCR: 2.18
• GRM: 5.0

CMA / ARV

• ARV (median comp): $89,728
• List price: $50,000
• Delta: -44.28%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1506 W 21st St	0.70mi	2/1.0	1,016 (+6%)	5mo	$30,000	$30	52
1311 Vineland Drive Dr	0.35mi	2/1.5	1,036 (+8%)	23mo	$126,000	$122	49

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.5%
• Equity multiple: 1.84×
• Total profit: $11,699
• Equity at exit: $7,455

10-year hold

• IRR: 28.7%
• Equity multiple: 3.55×
• Total profit: $35,720
• Equity at exit: $4,323

Cash invested: $14,000 (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 35501

• Home prices YoY: -30.2%
• Active inventory: 86
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $831 high
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$174
• Net cashflow: $311

Break-even live

Break-even rent $437

Max offer price $50,000

Occupancy floor 58%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2202 12th Ave W Jasper, AL	2.0	1.0	663	$800	$1.21	43d	1	0.76mi
2206 12th Ave W Jasper, AL	3.0	1.0	936	$950	$1.01	11d	1	0.78mi
1201 22nd St W Jasper, AL	2.0	1.0	850	$875	$1.03	43d	1	0.79mi
2112 Martin Luther King Junior Dr Unit 6 Jasper, AL	2.0	1.0	1000	$900	$0.90	43d	1	1.01mi
1209 Cherokee Rd Jasper, AL	3.0	1.5	1125	$1,000	$0.89	3d	1	1.34mi
1408 8th Ave Unit 1B Jasper, AL	2.0	1.0	1000	$875	$0.88	10d	1	1.43mi
1610 6th Ave S Apt 5 Jasper, AL	1.0	1.0	695	$475	$0.68	3d	1	1.44mi
1610 6th Ave S Unit 12 Jasper, AL	1.0	1.0	695	$400	$0.58	43d	1	1.44mi
1507 7th Ave Apt 1 Jasper, AL	2.0	1.0	800	$700	$0.88	14d	1	1.48mi

Listing history 7 events

1. 2026-06-03
   status $50,000 Pending 167 DOM
2. 2026-06-02
   days on market $50,000 Active 167 DOM
3. 2026-06-01
   days on market $50,000 Active 166 DOM
4. 2026-05-31
   days on market $50,000 Active 165 DOM
5. 2026-05-31
   days on market $50,000 Active 164 DOM
6. 2026-03-12
   price $50,000 283-char remark

   Show marketing remark (283 chars)

   Investment Opportunity! Jasper City Limits. Don't miss out on this 2 bedroom/1 bath home + 2 bedroom/1 bath mobile home. With a little TLC you could use both as a rental, live in one & rent the other or live in one and have a guest house. Property is being sold as-is/where is.

7. 2025-12-17
   listed $60,000 Active 283-char remark

   Show marketing remark (283 chars)

   Investment Opportunity! Jasper City Limits. Don't miss out on this 2 bedroom/1 bath home + 2 bedroom/1 bath mobile home. With a little TLC you could use both as a rental, live in one & rent the other or live in one and have a guest house. Property is being sold as-is/where is.

ⓘ 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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,968
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$797
• − Management: −$797
• − Depreciation: −$1,455
• Taxable income: $3,118
• Est. tax owed @ 24.0%: −$748
• After-tax cash flow: $2,980/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: Jasper City
• NCES district ID: 0101890
• Math proficiency: 27% ▼ -23.00%
• Reading proficiency: 55% ▲ 3.00%
• Median HH income: $41,476
• Composite: 34.4/100
• National rank: #5204
• State rank: #23 of 129 in AL

Livability — Jasper

• Score: 62/100
• State rank: #228
• US rank: #17152

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D+ Housing A+ Health & safety F User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jasper, AL
• County: Walker County · 9,927 people
• City population: 9,927
• Metro: Jasper, AL
• Population (ZIP): 9,927
• Household income: $54,726
• Rent vs Own: 34.5% rent · 65.5% own
• Severe rent burden: 192.0

Population outlook (Walker County) Hauer SSP2

• Today (2025): 61,037 people
• By 2030: 58,391 · -4.3%
• By 2040: 53,080 · -13.0%
• By 2050: 48,031 · -21.3%
• By 2075: 37,799 · -38.1%
• By 2100: 29,001 · -52.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 14% Hispanic / Latino 8% Two or more races 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 2% Serbian 1% Iranian 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 8%

Political lean MEDSL · Walker

• 2024 margin: Solid R (+71.8) · D 13.8% · R 85.6%
• 2008→2024 swing: -25.4pp toward R · 2008: -46.4pp · 2024: -71.8pp
• All cycles: 2024: R+71.8 2020: R+67.9 2016: R+67.4 2012: R+52.9 2008: R+46.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.31%
• Current HPI: 180.8506
• Rent YoY: —
• Metro: Jasper, 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

-16.7% since first listed

2 events — show timeline

• 2026-03-12 Price Changed $50,000 Walker County Area MLS
• 2025-12-17 Listed $60,000 Walker County Area MLS

Property tax history

+0.0%/yr

Latest (2014): $72 · +0.0% YoY. Source: county tax records.