26385 Al-69 · Jasper, AL 35504

$199,900

3 bd · 1.0 ba · 1,676 sqft · SingleFamily public records · 715 Days on market

Built 1968 1.00 ac lot $119/sqft · 6% below area Est $355k · 44% under ↓ 16% since listing

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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).

• Cash flow +15.2/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• Livability +3.1/5.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

$199,900. Reduced price!!! Brick home located on Hwy 69 N in Boldo. This 3 bedroom, 2 bath home comes with a bonus room that could be a bedroom, den, game room, or converted back to a carport. Home also has a full unfinished basement with separate driveway. Fenced in portion of back yard for children and pets. Reduced Price $199,900. Call your favorite Realtor today to set up a viewing.

Key facts

• Fenced yard
• Unfinished basement
• Bonus room

Tags

• BRICK HOME
• BONUS ROOM
• UNFINISHED BASEMENT
• FENCED YARD
• CONCRETE DRIVEWAY
• MINUTES FROM HOSPITAL

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $71 ($850/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 $157k (21.5% below list).
• Recommended offer: $157k (21.5% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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.
• Walker County (rural): math 13% / reading 39% proficiency, ranked #89 of 129 in AL (top 69%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 162 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 715 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $156,898 (21.5% below list)

Questions for the listing agent

1. It's been on market 715 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — 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. 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?
8. 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.
9. 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.
10. 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: 0.78% ✗
• Cap rate: 6.72%
• Cash-on-cash: 1.52%
• DSCR: 1.07
• GRM: 10.6

CMA / ARV

• ARV (median comp): $354,966
• List price: $199,900
• Delta: -43.68%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
22 Summerville Estates Cir	0.48mi	3/2.0	1,646 (-2%)	8mo	$245,000	$149	64
380 Dowdey Rd	0.62mi	3/2.0	1,688 (+1%)	11mo	$241,500	$143	56
78 Joe Brackett Rd	0.06mi	3/3.0	1,426 (-15%)	11mo	$182,000	$128	55
213 Dowdey Rd	0.38mi	3/2.0	1,540 (-8%)	15mo	$235,000	$153	52
89 Summerville Estates Ln	0.52mi	3/2.0	1,606 (-4%)	16mo	$233,500	$145	51
159 Summerville Estates Circle Ln	0.45mi	3/2.0	1,913 (+14%)	20mo	$281,000	$147	35
199 Summerville Estates Cir	0.49mi	3/2.5	1,899 (+13%)	20mo	$235,000	$124	32

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: -13.9%
• Equity multiple: 0.50×
• Total profit: $-27,990
• Equity at exit: $29,806

10-year hold

• IRR: -5.2%
• Equity multiple: 0.66×
• Total profit: $-19,002
• Equity at exit: $17,284

Cash invested: $55,972 (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 35504

• Home prices YoY: -34.0%
• Active inventory: 162
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,569 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$37 /mo · $445/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $71

Break-even live

Break-even rent $1,479

Max offer price $199,900

Occupancy floor 90%

Sensitivity live

Price	-10% $184	-5% $127	+0% $71	+5% $14	+10% $-42
Rent	-10% $-53	-5% $9	+0% $71	+5% $133	+10% $195
Rate	-1.0pp $171	-0.5pp $122	base $71	+0.5pp $19	+1.0pp $-34

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
187 Crossroads Cir , AL	2.0	2.0	1801	$1,536	$0.85	44d	1	0.77mi
350 S Pine Dr Jasper, AL	4.0	2.0	1681	$1,501	$0.89	44d	1	0.85mi
5382 Arkadelphia Rd Jasper, AL	3.0	2.0	1492	$1,225	$0.82	20d	1	1.21mi
124 Shepherds Loop Jasper, AL	4.0	2.0	1800	$1,750	$0.97	22d	1	1.39mi
75 Dreher Rd Jasper, AL	4.0	2.0	1681	$1,750	$1.04	24d	1	1.39mi
118 Barnett Pl Jasper, AL	3.0	2.0	1801	$1,750	$0.97	44d	1	1.39mi

Listing history 18 events

1. 2026-06-18
   days on market $199,900 Active 715 DOM
2. 2026-06-17
   days on market $199,900 Active 714 DOM
3. 2026-06-16
   days on market $199,900 Active 713 DOM
4. 2026-06-15
   days on market $199,900 Active 712 DOM
5. 2026-06-13
   days on market $199,900 Active 710 DOM
6. 2026-06-13
   days on market $199,900 Active 709 DOM
7. 2026-06-10
   days on market $199,900 Active 707 DOM
8. 2026-06-09
   days on market $199,900 Active 706 DOM
9. 2026-06-08
   days on market $199,900 Active 705 DOM
10. 2026-06-07
    days on market $199,900 Active 704 DOM
11. 2026-06-05
    days on market $199,900 Active 701 DOM
12. 2026-06-03
    days on market $199,900 Active 700 DOM
13. 2026-06-03
    days on market $199,900 Active 699 DOM
14. 2026-06-01
    days on market $199,900 Active 698 DOM
15. 2026-05-31
    days on market $199,900 Active 697 DOM
16. 2026-05-04
    price $199,900 390-char remark

    Show marketing remark (390 chars)

    $199,900. Reduced price!!! Brick home located on Hwy 69 N in Boldo. This 3 bedroom, 2 bath home comes with a bonus room that could be a bedroom, den, game room, or converted back to a carport. Home also has a full unfinished basement with separate driveway. Fenced in portion of back yard for children and pets. Reduced Price $199,900. Call your favorite Realtor today to set up a viewing.

17. 2024-12-14
    price $229,000 390-char remark

    Show marketing remark (390 chars)

    $199,900. Reduced price!!! Brick home located on Hwy 69 N in Boldo. This 3 bedroom, 2 bath home comes with a bonus room that could be a bedroom, den, game room, or converted back to a carport. Home also has a full unfinished basement with separate driveway. Fenced in portion of back yard for children and pets. Reduced Price $199,900. Call your favorite Realtor today to set up a viewing.

18. 2024-07-03
    listed $239,000 Active 390-char remark

    Show marketing remark (390 chars)

    $199,900. Reduced price!!! Brick home located on Hwy 69 N in Boldo. This 3 bedroom, 2 bath home comes with a bonus room that could be a bedroom, den, game room, or converted back to a carport. Home also has a full unfinished basement with separate driveway. Fenced in portion of back yard for children and pets. Reduced Price $199,900. Call your favorite Realtor today to set up a viewing.

ⓘ 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: $445 · $37/mo
• Projected year-2 tax: $820 · $68/mo
• Expected delta: +$374/yr (+$31/mo · 84.1%)

ⓘ 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 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 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,828
• − Mortgage interest: −$11,198
• − Property taxes: −$445
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,506
• − Management: −$1,506
• − Depreciation: −$5,815
• Taxable loss: −$2,642
• Est. tax savings @ 24.0%: +$634
• After-tax cash flow: $1,484/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: Walker County
• NCES district ID: 0103450
• Math proficiency: 13% ▼ -28.00%
• Reading proficiency: 39% ▼ -5.00%
• Median HH income: $36,664
• Composite: 21.51/100
• National rank: #8321
• State rank: #89 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

• City population: 9,927
• Population (ZIP): 13,505

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 (87%)
• Race & ethnicity: White 87% Hispanic / Latino 6% Two or more races 5% Black 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 3% Italian 2% Serbian 2%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -84.42%
• Current HPI: 164.0387
• Rent YoY: —
• Metro: —
• 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

-16.4% since first listed

3 events — show timeline

• 2026-05-04 Price Changed $199,900 Walker County Area MLS
• 2024-12-14 Price Changed $229,000 Walker County Area MLS
• 2024-07-03 Listed $239,000 Walker County Area MLS

Property tax history

+7.5%/yr

Latest (2024): $445 · +8.3% YoY. Source: county tax records.