105 Mulberry St · Jasper, AL 35503

$198,000

3 bd · 2.0 ba · 1,446 sqft · SingleFamily public records · 52 Days on market

Built 1979 0.90 ac lot $137/sqft · 7% above area Est $185k · 7% over

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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 +26.1/30.0
• DSCR +8.8/10.0
• 1% rule +5.7/10.0
• ARV discount +4.4/15.0
• 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

Welcome to 105 Mulberry Street, Jasper, in Walker County. Completely renovated and remodeled in 2026. Some of the updates include: New Electrical Rewiring With Every Room (7), with each having its own designated circuit breaker, including the smoke detectors; New Shingle Roof; New HVAC - 2-1/2 ton; New Insulation In Crawl Space; New Quartz Kitchen Counter Tops; New Shaker Kitchen Cabinets; New Stainless Steel Kitchen Appliances; New Inserted Kitchen Recessed Lighting; New Light Fixtures Throughout; New Ceiling Fans in All 3 Bedrooms and 2 In The Living Room; New Light Grey LVP Throughout Entire House. Both Bathrooms Have New Lighted Mirrors Over The New Sinks, new toilets, both bathtubs have new enamel, and all new hardware. The laundry room has new hookups for a washer and dryer and a new electrical box. The front porch and back covered patio are freshly painted. A new gravel rock driveway has been installed, along with lush natural landscaping, including many trees for privacy. This home sits on 3 Lots, Lot 1, 19, and 20 (approximately 1 acre in total). All usable and flat land in a quiet and private setting just minutes from downtown Jasper Square, featuring superior shopping, restaurants, and entertainment.

Key facts

• Quartz countertops
• Flat usable land
• New cabinetry

Tags

• FLAT USABLE LAND
• PRIVATE SETTING
• FULLY REFRESHED KITCHEN
• QUARTZ COUNTERTOPS
• NEW CABINETRY
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Property contains approximately 0.9 acres; Not in flood plain; No pool; No waterfront
• Financial info: Down payment assistance available
• HOA & community: Fire fee included; Garbage fee included; Library fee included

Exterior

• Parking: Driveway parking
• Utilities: Public water; Septic system; Electric water heater; Internet service availability unknown
• Home design: Existing construction; Siding vinyl exterior; Crawl space foundation
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: Porch; Covered deck; Decks present

Interior

• Kitchen: Stone countertops; Some stainless appliances
• Bedrooms: Master bedroom on main level; Additional bedrooms on main level
• Flooring: Hardwood laminate floors
• Bathrooms: Two full bathrooms; Tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Cathedral/vaulted ceilings; Other attic access (attic present); Some stainless appliances; Has laundry
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located on main level in a closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $198k.

Deal economics

• At list price, monthly cash flow is $497 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $198k).
• Recommended offer: $192k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.3% 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+, crime F, amenities 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.
• Zoned schools: Curry Elementary School (math 12% / reading 57%, grade F, #296 of 627 statewide, top 49%, 547 students, 64% FRL); Curry High School (math 12% / reading 22%, grade F, #195 of 305 statewide, top 68%, 368 students, 58% FRL).
• Market conditions: 109 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 $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 52 days — a 3% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $27k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $69k; list at $198k implies a 187% 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; 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 $192,060 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.07% ✓
• Cap rate: 9.30%
• Cash-on-cash: 10.75%
• DSCR: 1.48
• GRM: 7.8

CMA / ARV

• ARV (median comp): $185,131
• List price: $198,000
• Delta: 6.95%
• Verdict: FAIR
• Comps: 6 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
409 S Lowell Rd	0.34mi	3/2.0	1,581 (+9%)	1mo	$269,900	$171	68
344 S Lowell RD Rd	0.38mi	3/2.0	1,344 (-7%)	24mo	$195,000	$145	50

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: -0.3%
• Equity multiple: 0.99×
• Total profit: $-530
• Equity at exit: $29,522

10-year hold

• IRR: 9.4%
• Equity multiple: 1.72×
• Total profit: $39,920
• Equity at exit: $17,119

Cash invested: $55,440 (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 35503

• Home prices YoY: -26.8%
• Active inventory: 109
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,110 medium
• Mortgage (P&I): −$1,038
• Tax from tax record: −$49 /mo · $588/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $497

Break-even live

Break-even rent $1,481

Max offer price $198,000

Occupancy floor 71%

Sensitivity live

Price	-10% $609	-5% $553	+0% $497	+5% $441	+10% $385
Rent	-10% $330	-5% $414	+0% $497	+5% $580	+10% $664
Rate	-1.0pp $597	-0.5pp $547	base $497	+0.5pp $446	+1.0pp $393

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: $49,500
• Closing costs: $5,940
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-18
   days on market $198,000 Active 52 DOM
2. 2026-06-17
   days on market $198,000 Active 51 DOM
3. 2026-06-16
   days on market $198,000 Active 50 DOM
4. 2026-06-15
   days on market $198,000 Active 49 DOM
5. 2026-06-13
   days on market $198,000 Active 47 DOM
6. 2026-06-13
   days on market $198,000 Active 46 DOM
7. 2026-06-10
   days on market $198,000 Active 44 DOM
8. 2026-06-09
   days on market $198,000 Active 43 DOM
9. 2026-06-08
   days on market $198,000 Active 42 DOM
10. 2026-06-07
    days on market $198,000 Active 41 DOM
11. 2026-06-05
    days on market $198,000 Active 38 DOM
12. 2026-06-03
    days on market $198,000 Active 37 DOM
13. 2026-06-03
    days on market $198,000 Active 36 DOM
14. 2026-06-01
    days on market $198,000 Active 35 DOM
15. 2026-05-31
    days on market $198,000 Active 34 DOM
16. 2026-05-08
    price $218,000 994-char remark

    Show marketing remark (1230 chars)

    Welcome to 105 Mulberry Street, Jasper, in Walker County. Completely renovated and remodeled in 2026. Some of the updates include: New Electrical Rewiring With Every Room (7), with each having its own designated circuit breaker, including the smoke detectors; New Shingle Roof; New HVAC - 2-1/2 ton; New Insulation In Crawl Space; New Quartz Kitchen Counter Tops; New Shaker Kitchen Cabinets; New Stainless Steel Kitchen Appliances; New Inserted Kitchen Recessed Lighting; New Light Fixtures Throughout; New Ceiling Fans in All 3 Bedrooms and 2 In The Living Room; New Light Grey LVP Throughout Entire House. Both Bathrooms Have New Lighted Mirrors Over The New Sinks, new toilets, both bathtubs have new enamel, and all new hardware. The laundry room has new hookups for a washer and dryer and a new electrical box. The front porch and back covered patio are freshly painted. A new gravel rock driveway has been installed, along with lush natural landscaping, including many trees for privacy. This home sits on 3 Lots, Lot 1, 19, and 20 (approximately 1 acre in total). All usable and flat land in a quiet and private setting just minutes from downtown Jasper Square, featuring superior shopping, restaurants, and entertainment.

17. 2026-05-08
    price $218,000 1230-char remark

    Show marketing remark (1230 chars)

    Welcome to 105 Mulberry Street, Jasper, in Walker County. Completely renovated and remodeled in 2026. Some of the updates include: New Electrical Rewiring With Every Room (7), with each having its own designated circuit breaker, including the smoke detectors; New Shingle Roof; New HVAC - 2-1/2 ton; New Insulation In Crawl Space; New Quartz Kitchen Counter Tops; New Shaker Kitchen Cabinets; New Stainless Steel Kitchen Appliances; New Inserted Kitchen Recessed Lighting; New Light Fixtures Throughout; New Ceiling Fans in All 3 Bedrooms and 2 In The Living Room; New Light Grey LVP Throughout Entire House. Both Bathrooms Have New Lighted Mirrors Over The New Sinks, new toilets, both bathtubs have new enamel, and all new hardware. The laundry room has new hookups for a washer and dryer and a new electrical box. The front porch and back covered patio are freshly painted. A new gravel rock driveway has been installed, along with lush natural landscaping, including many trees for privacy. This home sits on 3 Lots, Lot 1, 19, and 20 (approximately 1 acre in total). All usable and flat land in a quiet and private setting just minutes from downtown Jasper Square, featuring superior shopping, restaurants, and entertainment.

18. 2026-04-27
    listed $225,000 Active 994-char remark
19. 2026-04-22
    listed $225,000 Active 1230-char remark

    Show marketing remark (1230 chars)

    Welcome to 105 Mulberry Street, Jasper, in Walker County. Completely renovated and remodeled in 2026. Some of the updates include: New Electrical Rewiring With Every Room (7), with each having its own designated circuit breaker, including the smoke detectors; New Shingle Roof; New HVAC - 2-1/2 ton; New Insulation In Crawl Space; New Quartz Kitchen Counter Tops; New Shaker Kitchen Cabinets; New Stainless Steel Kitchen Appliances; New Inserted Kitchen Recessed Lighting; New Light Fixtures Throughout; New Ceiling Fans in All 3 Bedrooms and 2 In The Living Room; New Light Grey LVP Throughout Entire House. Both Bathrooms Have New Lighted Mirrors Over The New Sinks, new toilets, both bathtubs have new enamel, and all new hardware. The laundry room has new hookups for a washer and dryer and a new electrical box. The front porch and back covered patio are freshly painted. A new gravel rock driveway has been installed, along with lush natural landscaping, including many trees for privacy. This home sits on 3 Lots, Lot 1, 19, and 20 (approximately 1 acre in total). All usable and flat land in a quiet and private setting just minutes from downtown Jasper Square, featuring superior shopping, restaurants, and entertainment.

20. 2025-03-28
    price $90,000
21. 2025-03-11
    price $100,000
22. 2025-03-01
    price $114,000
23. 2022-03-11
    soldstatus $69,000
24. 2006-05-05
    soldstatus $64,900

ⓘ 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: $588 · $49/mo
• Projected year-2 tax: $812 · $68/mo
• Expected delta: +$224/yr (+$19/mo · 38.2%)

ⓘ 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 ≥106°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: $25,316
• − Mortgage interest: −$11,091
• − Property taxes: −$588
• − Insurance: −$990
• − Repairs & maintenance: −$2,025
• − Management: −$2,025
• − Depreciation: −$5,760
• Taxable income: $2,837
• Est. tax owed @ 24.0%: −$681
• After-tax cash flow: $5,281/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): 9,601

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 (94%)
• Race & ethnicity: White 94% Two or more races 2% Black 1% Hispanic / Latino 1%
• Common ancestry: Slovak 2% Iranian 1% Scotch-Irish 1%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 1%

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: ▼ -63.26%
• Current HPI: 172.9286
• 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

+205.1% since first listed

11 events — show timeline

• 2026-05-27 Price Changed $198,000 Greater Alabama MLS
• 2026-05-27 Price Changed $198,000 Walker County Area MLS
• 2026-05-08 Price Changed $218,000 Greater Alabama MLS
• 2026-05-08 Price Changed $218,000 Walker County Area MLS
• 2026-04-27 Listed $225,000 Greater Alabama MLS
• 2026-04-22 Listed $225,000 Walker County Area MLS
• 2025-03-28 Price Changed $90,000 Greater Alabama MLS
• 2025-03-11 Price Changed $100,000 Greater Alabama MLS
• 2025-03-01 Price Changed $114,000 Greater Alabama MLS
• 2022-03-11 Sold (Public Records) $69,000 Public Records
• 2006-05-05 Sold (MLS) $64,900 Walker County Area MLS

Property tax history

+5.1%/yr

Latest (2024): $588 · +8.1% YoY. Source: county tax records.