1353 Highway 124 · Jasper, AL 35501

$84,900

2 bd · 1.0 ba · 832 sqft · SingleFamily public records · 21 Days on market

Built 1946 2.30 ac lot $102/sqft · 20% below area Est $106k · 20% under ↓ 15% since listing

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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 +20.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +5.5/10.0
• Livability +3.1/5.0
• 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

Investor Special on 2.3 Acres – Endless Potential! 2.3-acre property featuring a 2-bedroom farmhouse with solid bones in need of major updates—perfect for investors or buyers ready to create their dream home. The property includes a 24x24 garage/storage building with power on a concrete slab, plus a multi-bay lean-to ideal for equipment, trailers, or tools. Enjoy plenty of open space for gardening, recreation, or expansion, all in a quiet setting with strong value-add potential. Whether you're flipping, renting, or renovating for personal use, this property offers endless possibilities. Sold as-is. Sellers are MOTIVATED and ready to negotiate!

Key facts

• Open space
• Multi-bay lean-to
• Farmhouse

Tags

• 2.3 ACRES
• FARMHOUSE
• GARAGE STORAGE BUILDING
• MULTI-BAY LEAN-TO
• OPEN SPACE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $116 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($889 rent vs $85k).
• Recommended offer: $84k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.9% 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: 86 active listings in the ZIP; 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 $587 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.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($84k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,626 (1.5% below list)

Questions for the listing agent

1. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.05% ✓
• Cap rate: 7.93%
• Cash-on-cash: 5.84%
• DSCR: 1.26
• GRM: 8.0

CMA / ARV

• ARV (median comp): $105,724
• List price: $84,900
• Delta: -19.70%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1353 Highway 124	0.00mi	2/1.0	832 (0%)	1mo	$77,500	$93	100

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: -7.3%
• Equity multiple: 0.73×
• Total profit: $-6,372
• Equity at exit: $12,659

10-year hold

• IRR: 2.3%
• Equity multiple: 1.17×
• Total profit: $3,998
• Equity at exit: $7,341

Cash invested: $23,772 (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: 8.0×

Monthly cashflow live

• Estimated rent: $889 medium
• Mortgage (P&I): −$445
• Tax est. 1.5%: −$106 /mo · $1,274/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$187
• Net cashflow: $116

Break-even live

Break-even rent $743

Max offer price $84,900

Occupancy floor 82%

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-05-11
   status Pending 664-char remark

   Show marketing remark (664 chars)

   Investor Special on 2.3 Acres – Endless Potential! 2.3-acre property featuring a 2-bedroom farmhouse with solid bones in need of major updates—perfect for investors or buyers ready to create their dream home. The property includes a 24x24 garage/storage building with power on a concrete slab, plus a multi-bay lean-to ideal for equipment, trailers, or tools. Enjoy plenty of open space for gardening, recreation, or expansion, all in a quiet setting with strong value-add potential. Whether you're flipping, renting, or renovating for personal use, this property offers endless possibilities. Sold as-is. Sellers are MOTIVATED and ready to negotiate!

2. 2026-05-02
   price $84,900 664-char remark

   Show marketing remark (664 chars)

   Investor Special on 2.3 Acres – Endless Potential! 2.3-acre property featuring a 2-bedroom farmhouse with solid bones in need of major updates—perfect for investors or buyers ready to create their dream home. The property includes a 24x24 garage/storage building with power on a concrete slab, plus a multi-bay lean-to ideal for equipment, trailers, or tools. Enjoy plenty of open space for gardening, recreation, or expansion, all in a quiet setting with strong value-add potential. Whether you're flipping, renting, or renovating for personal use, this property offers endless possibilities. Sold as-is. Sellers are MOTIVATED and ready to negotiate!

3. 2026-04-20
   listed $99,900 Active 664-char remark

   Show marketing remark (664 chars)

   Investor Special on 2.3 Acres – Endless Potential! 2.3-acre property featuring a 2-bedroom farmhouse with solid bones in need of major updates—perfect for investors or buyers ready to create their dream home. The property includes a 24x24 garage/storage building with power on a concrete slab, plus a multi-bay lean-to ideal for equipment, trailers, or tools. Enjoy plenty of open space for gardening, recreation, or expansion, all in a quiet setting with strong value-add potential. Whether you're flipping, renting, or renovating for personal use, this property offers endless possibilities. Sold as-is. Sellers are MOTIVATED and ready to negotiate!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $10,670
• − Mortgage interest: −$4,756
• − Property taxes: −$1,274
• − Insurance: −$424
• − Repairs & maintenance: −$854
• − Management: −$854
• − Depreciation: −$2,470
• Taxable income: $40
• Est. tax owed @ 24.0%: −$10
• After-tax cash flow: $1,379/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

• 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

-15.0% since first listed

3 events — show timeline

• 2026-05-11 Pending — Greater Alabama MLS
• 2026-05-02 Price Changed $84,900 Greater Alabama MLS
• 2026-04-20 Listed $99,900 Greater Alabama MLS

Property tax history

-2.4%/yr

Latest (2024): $108 · +0.0% YoY. Source: county tax records.