747 Walker Ln · Hazel Green, AL 35761

$177,500

5 bd · 2.0 ba · 2,304 sqft · Manufactured public records · 154 Days on market

Built 1994 1.00 ac lot

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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 +27.5/30.0
• DSCR +9.6/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious double-wide home offering 2,300+ sq ft of comfortable living space with 5 bedrooms and 2 full bathrooms, situated on a 1-acre lot in New Market. This home provides generous room sizes, flexible living areas, and plenty of space both inside and out. Conveniently located just 20 minutes to the Toyota Plant and approximately 30 minutes to Redstone Arsenal Gate, making it an excellent option for commuters seeking room to spread out while remaining close to major employers. Enjoy the privacy of country-style living with the convenience of nearby amenities.

Key facts

• 1-acre lot
• Conveniently located
• 1 acre lot

Tags

• 1-ACRE LOT
• FLEXIBLE LIVING AREAS
• CONVENIENTLY LOCATED

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath manufactured listed at $178k.

Deal economics

• At list price, monthly cash flow is $525 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $178k).
• Recommended offer: $156k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.8% vs local median 3.9% in Hazel Green — 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 69/100 on livability (#54 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: schools C-, amenities F, commute 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.
• Market conditions: 391 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).
• This rent runs 33% of the median local income ($79k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 154 days — a 12% lower offer ($156k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $49k; list at $178k implies a 262% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $156,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 154 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.25% ✓
• Cap rate: 9.84%
• Cash-on-cash: 12.68%
• DSCR: 1.56
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 2.5%
• Equity multiple: 1.10×
• Total profit: $4,723
• Equity at exit: $26,466

10-year hold

• IRR: 12.1%
• Equity multiple: 1.95×
• Total profit: $47,324
• Equity at exit: $15,347

Cash invested: $49,700 (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 35761

• Home prices YoY: -9.3%
• Active inventory: 391
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $2,218 high
• Mortgage (P&I): −$931
• Tax est. 1.5%: −$222 /mo · $2,662/yr
• Insurance: −$74
• HOA: −$0
• Vacancy / Maint / Mgmt: −$466
• Net cashflow: $525

Break-even live

Break-even rent $1,553

Max offer price $177,500

Occupancy floor 71%

Sensitivity live

Price	-10% $648	-5% $587	+0% $525	+5% $464	+10% $403
Rent	-10% $350	-5% $438	+0% $525	+5% $613	+10% $700
Rate	-1.0pp $615	-0.5pp $570	base $525	+0.5pp $479	+1.0pp $432

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: $44,375
• Closing costs: $5,325
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
214 Briarcrest Rd Hazel Green, AL	4.0	2.5	2091	$1,825	$0.87	24d	1	0.41mi
214 Briarcrest Rd Hazel Green, AL	4.0	2.5	2091	$1,825	$0.87	44d	1	0.41mi
115 Elledge Farm Dr Hazel Green, AL	4.0	2.5	1990	$1,648	$0.83	24d	1	0.65mi
120 Elledge Farm Dr Hazel Green, AL	4.0	2.0	1999	$1,999	$1.00	24d	1	0.69mi
109 Mill View Dr New Market, AL	4.0	2.5	2668	$2,100	$0.79	24d	1	1.09mi
243 Irish Hill Dr Meridianville, AL	4.0	2.0	2100	$2,000	$0.95	44d	1	1.13mi
228 Hibiscus Dr Hazel Green, AL	4.0	3.0	2502	$2,595	$1.04	22d	1	1.35mi
280 Shangrila Way Meridianville, AL	4.0	2.0	2106	$1,899	$0.90	24d	1	1.40mi
319 Allene Way Meridianville, AL	4.0	2.0	2106	$2,150	$1.02	44d	1	1.47mi

Listing history 15 events

1. 2026-06-18
   days on market $177,500 Active 154 DOM
2. 2026-06-17
   days on market $177,500 Active 153 DOM
3. 2026-06-16
   days on market $177,500 Active 152 DOM
4. 2026-06-15
   days on market $177,500 Active 151 DOM
5. 2026-06-14
   days on market $177,500 Active 149 DOM
6. 2026-06-10
   days on market $177,500 Active 146 DOM
7. 2026-06-09
   days on market $177,500 Active 145 DOM
8. 2026-06-08
   days on market $177,500 Active 144 DOM
9. 2026-06-07
   days on market $177,500 Active 143 DOM
10. 2026-06-02
    days on market $177,500 Active 138 DOM
11. 2026-06-01
    days on market $177,500 Active 137 DOM
12. 2026-05-31
    days on market $177,500 Active 136 DOM
13. 2026-05-30
    days on market $177,500 Active 135 DOM
14. 2026-01-15
    listed $177,500 Active 566-char remark

    Show marketing remark (566 chars)

    Spacious double-wide home offering 2,300+ sq ft of comfortable living space with 5 bedrooms and 2 full bathrooms, situated on a 1-acre lot in New Market. This home provides generous room sizes, flexible living areas, and plenty of space both inside and out. Conveniently located just 20 minutes to the Toyota Plant and approximately 30 minutes to Redstone Arsenal Gate, making it an excellent option for commuters seeking room to spread out while remaining close to major employers. Enjoy the privacy of country-style living with the convenience of nearby amenities.

15. 2020-08-11
    soldstatus $49,100

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,611
• − Mortgage interest: −$9,943
• − Property taxes: −$2,662
• − Insurance: −$888
• − Repairs & maintenance: −$2,129
• − Management: −$2,129
• − Depreciation: −$5,164
• Taxable income: $3,697
• Est. tax owed @ 24.0%: −$887
• After-tax cash flow: $5,416/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 — Hazel Green

• Score: 69/100
• State rank: #54
• US rank: #8575

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hazel Green, AL
• County: Madison County · 380,832 people
• City population: 13,413
• Metro: Huntsville, AL
• Population (ZIP): 13,557
• Household income: $79,440
• Rent vs Own: 17.5% rent · 82.5% own
• Severe rent burden: 220.0

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: Predominantly White (76%)
• Race & ethnicity: White 76% Black 15% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Italian 3% Serbian 2% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 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: ▼ -26.88%
• Current HPI: 261.8281
• Rent YoY: —
• 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

+261.5% since first listed

2 events — show timeline

• 2026-01-15 Listed $177,500 VMLS
• 2020-08-11 Sold (Public Records) $49,100 Public Records

Property tax history

-5.4%/yr

Latest (2024): $180 · +4.2% YoY. Source: county tax records.