1001 26th St · Jasper, AL 35501

$115,500

4 bd · 2.0 ba · 1,944 sqft · SingleFamily public records · 364 Days on market

Built 1981 0.34 ac lot $59/sqft · 59% below area ↓ 8% 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 +29.6/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• 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

Potential and opportunity, ready for a creative touch for your renovation dreams. Explore the potential of this property and envision the possibilities. A little TLC.

Key facts

• 0.34 acre lot
• 2 garage spots
• Built 1981

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $116k.

Deal economics

• At list price, monthly cash flow is $417 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $116k).
• Recommended offer: $102k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.6% 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; 2 comparable units currently listed for rent nearby; 36 units permitted in Walker County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($55k/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 $799 of loan paydown is wiped out by about $3k 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 $32k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 364 days — a 12% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $101,640 (12.0% below list)

Questions for the listing agent

1. It's been on market 364 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. 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?
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: 1.20% ✓
• Cap rate: 10.62%
• Cash-on-cash: 15.46%
• DSCR: 1.69
• GRM: 6.9

CMA / ARV

• ARV (median comp): $278,832
• List price: $115,500
• Delta: -58.58%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3014 Simmons Rd	0.37mi	4/2.0	1,872 (-4%)	17mo	$180,000	$96	63
20 Lancelot Cv	0.67mi	4/2.0	1,773 (-9%)	11mo	$224,888	$127	45
3 Lancelot Cv	0.67mi	4/3.0	1,774 (-9%)	18mo	$264,990	$149	35
193 Kings Way	0.68mi	5/3.0 (+1)	2,124 (+9%)	24mo	$294,400	$139	24

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: 6.2%
• Equity multiple: 1.24×
• Total profit: $7,769
• Equity at exit: $17,221

10-year hold

• IRR: 15.5%
• Equity multiple: 2.26×
• Total profit: $40,723
• Equity at exit: $9,986

Cash invested: $32,340 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,387 medium
• Mortgage (P&I): −$606
• Tax from tax record: −$25 /mo · $298/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $417

Break-even live

Break-even rent $859

Max offer price $115,500

Occupancy floor 65%

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: $28,875
• Closing costs: $3,465
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
159 Kings WAY Jasper, AL	4.0	2.0	1802	$1,810	$1.00	3d	1	0.69mi
1405 10th Ave Jasper, AL	3.0	1.0	1600	$975	$0.61	14d	1	0.86mi

Listing history 28 events

1. 2026-06-19
   days on market $115,500 Active 364 DOM
2. 2026-06-18
   days on market $115,500 Active 363 DOM
3. 2026-06-17
   days on market $115,500 Active 362 DOM
4. 2026-06-16
   days on market $115,500 Active 361 DOM
5. 2026-06-15
   days on market $115,500 Active 360 DOM
6. 2026-06-14
   days on market $115,500 Active 358 DOM
7. 2026-06-12
   days on market $115,500 Active 357 DOM
8. 2026-06-09
   days on market $115,500 Active 354 DOM
9. 2026-06-08
   days on market $115,500 Active 353 DOM
10. 2026-06-07
    days on market $115,500 Active 352 DOM
11. 2026-06-07
    days on market $115,500 Active 351 DOM
12. 2026-06-04
    days on market $115,500 Active 348 DOM
13. 2026-06-02
    days on market $115,500 Active 347 DOM
14. 2026-06-01
    days on market $115,500 Active 346 DOM
15. 2026-05-31
    days on market $115,500 Active 345 DOM
16. 2026-05-31
    days on market $115,500 Active 344 DOM
17. 2026-04-30
    price $115,500 166-char remark

    Show marketing remark (166 chars)

    Potential and opportunity, ready for a creative touch for your renovation dreams. Explore the potential of this property and envision the possibilities. A little TLC.

18. 2026-04-20
    price $115,500 386-char remark

    Show marketing remark (386 chars)

    Great opportunity to own a property with strong potential! This home offers a great layout and the chance to add your personal touch. Ideal for buyers looking for a primary residence, investment opportunity, or renovation project. conveniently located near local amenities, schools, and major roadways. property is being sold as-is. Don't miss the chance to make this property your own.

19. 2026-01-13
    status Active 166-char remark

    Show marketing remark (166 chars)

    Potential and opportunity, ready for a creative touch for your renovation dreams. Explore the potential of this property and envision the possibilities. A little TLC.

20. 2026-01-01
    historical 166-char remark

    Show marketing remark (166 chars)

    Potential and opportunity, ready for a creative touch for your renovation dreams. Explore the potential of this property and envision the possibilities. A little TLC.

21. 2025-12-12
    status Active 386-char remark

    Show marketing remark (386 chars)

    Great opportunity to own a property with strong potential! This home offers a great layout and the chance to add your personal touch. Ideal for buyers looking for a primary residence, investment opportunity, or renovation project. conveniently located near local amenities, schools, and major roadways. property is being sold as-is. Don't miss the chance to make this property your own.

22. 2025-12-05
    historical 386-char remark

    Show marketing remark (386 chars)

    Great opportunity to own a property with strong potential! This home offers a great layout and the chance to add your personal touch. Ideal for buyers looking for a primary residence, investment opportunity, or renovation project. conveniently located near local amenities, schools, and major roadways. property is being sold as-is. Don't miss the chance to make this property your own.

23. 2025-09-30
    status Active 386-char remark

    Show marketing remark (386 chars)

    Great opportunity to own a property with strong potential! This home offers a great layout and the chance to add your personal touch. Ideal for buyers looking for a primary residence, investment opportunity, or renovation project. conveniently located near local amenities, schools, and major roadways. property is being sold as-is. Don't miss the chance to make this property your own.

24. 2025-09-05
    historical 386-char remark

    Show marketing remark (386 chars)

    Great opportunity to own a property with strong potential! This home offers a great layout and the chance to add your personal touch. Ideal for buyers looking for a primary residence, investment opportunity, or renovation project. conveniently located near local amenities, schools, and major roadways. property is being sold as-is. Don't miss the chance to make this property your own.

25. 2025-07-24
    price $119,900 166-char remark

    Show marketing remark (166 chars)

    Potential and opportunity, ready for a creative touch for your renovation dreams. Explore the potential of this property and envision the possibilities. A little TLC.

26. 2025-07-22
    price $119,900 386-char remark

    Show marketing remark (386 chars)

    Great opportunity to own a property with strong potential! This home offers a great layout and the chance to add your personal touch. Ideal for buyers looking for a primary residence, investment opportunity, or renovation project. conveniently located near local amenities, schools, and major roadways. property is being sold as-is. Don't miss the chance to make this property your own.

27. 2025-06-05
    listed $125,000 Active 386-char remark

    Show marketing remark (166 chars)

    Potential and opportunity, ready for a creative touch for your renovation dreams. Explore the potential of this property and envision the possibilities. A little TLC.

28. 2025-06-05
    listed $125,000 Active 166-char remark

    Show marketing remark (166 chars)

    Potential and opportunity, ready for a creative touch for your renovation dreams. Explore the potential of this property and envision the possibilities. A little TLC.

ⓘ 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: $298 · $25/mo
• Projected year-2 tax: $474 · $39/mo
• Expected delta: +$175/yr (+$15/mo · 58.7%)

ⓘ 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 6/10 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: $16,638
• − Mortgage interest: −$6,470
• − Property taxes: −$298
• − Insurance: −$578
• − Repairs & maintenance: −$1,331
• − Management: −$1,331
• − Depreciation: −$3,360
• Taxable income: $3,270
• Est. tax owed @ 24.0%: −$785
• After-tax cash flow: $4,215/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

-7.6% since first listed

12 events — show timeline

• 2026-04-30 Price Changed $115,500 Greater Alabama MLS
• 2026-04-20 Price Changed $115,500 Walker County Area MLS
• 2026-01-13 Relisted — Greater Alabama MLS
• 2026-01-01 Delisted — Greater Alabama MLS
• 2025-12-12 Relisted — Walker County Area MLS
• 2025-12-05 Delisted — Walker County Area MLS
• 2025-09-30 Relisted — Walker County Area MLS
• 2025-09-05 Delisted — Walker County Area MLS
• 2025-07-24 Price Changed $119,900 Greater Alabama MLS
• 2025-07-22 Price Changed $119,900 Walker County Area MLS
• 2025-06-05 Listed $125,000 Walker County Area MLS
• 2025-06-05 Listed $125,000 Greater Alabama MLS

Property tax history

-4.6%/yr

Latest (2024): $298 · +0.0% YoY. Source: county tax records.