702 Walker St · Hackleburg, AL 35564

$130,000

4 bd · 1.0 ba · 2,157 sqft · SingleFamily public records · 91 Days on market

Built 1963 8,712 sqft lot $60/sqft · 15% below area Est $153k · 15% under

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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 +18.9/30.0
• ARV discount +14.3/15.0
• Appreciation +6.6/10.0
• DSCR +5.9/10.0
• 1% rule +3.7/10.0
• Livability +2.9/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Opportunity meets potential in this 4 bedroom, 2.5 bath home right in town! Sitting on a manageable 0.20 acre lot, this property features a remodeled kitchen and updated bath, giving you a great head start. With hardwood floors tucked beneath the carpet just waiting to be uncovered, this home is full of character and possibilities. Convenient location, great layout, and room to make it your own—don’t miss this one!

Key facts

• Updated bath
• Manageable lot
• Great layout

Tags

• REMODELED KITCHEN
• UPDATED BATH
• HARDWOOD FLOORS
• MANAGEABLE LOT
• CONVENIENT LOCATION
• GREAT LAYOUT

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $132 ($2k/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 $114k (12.6% below list).
• Recommended offer: $114k (12.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 58/100 on livability (#362 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: amenities F, commute F, employment F.
• Marion County (rural): math 20% / reading 48% proficiency, ranked #56 of 129 in AL (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hamilton Middle School (math 16% / reading 51%, grade F, #99 of 257 statewide, top 39%, 452 students, 66% FRL).
• Market conditions: 10 active listings in the ZIP; 1 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($899 loan paydown + $4k appreciation (3.3% local appreciation)).
• Marion County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.3% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $38k; list at $130k implies a 242% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,577 (12.6% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — 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 F-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. 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: 0.87% ✗
• Cap rate: 7.51%
• Cash-on-cash: 4.36%
• DSCR: 1.19
• GRM: 9.5

CMA / ARV

• ARV (median comp): $153,006
• List price: $130,000
• Delta: -15.04%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
418 Cedar Tree St	0.14mi	3/2.0 (-1)	2,120 (-2%)	2mo	$140,000	$66	80

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.28% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.3%
• Equity multiple: 1.71×
• Total profit: $25,959
• Equity at exit: $60,521

10-year hold

• IRR: 14.1%
• Equity multiple: 3.15×
• Total profit: $78,161
• Equity at exit: $94,909

Cash invested: $36,400 (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 35564

• Home prices YoY: 1.9%
• Active inventory: 10
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,136 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$29 /mo · $350/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$239
• Net cashflow: $132

Break-even live

Break-even rent $968

Max offer price $130,000

Occupancy floor 83%

Sensitivity live

Price	-10% $206	-5% $169	+0% $132	+5% $95	+10% $59
Rent	-10% $42	-5% $87	+0% $132	+5% $177	+10% $222
Rate	-1.0pp $198	-0.5pp $165	base $132	+0.5pp $99	+1.0pp $64

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-22
   days on market $130,000 Active 91 DOM
2. 2026-06-21
   days on market $130,000 Active 90 DOM
3. 2026-06-19
   days on market $130,000 Active 88 DOM
4. 2026-06-18
   days on market $130,000 Active 87 DOM
5. 2026-06-17
   days on market $130,000 Active 86 DOM
6. 2026-06-16
   days on market $130,000 Active 85 DOM
7. 2026-06-15
   days on market $130,000 Active 84 DOM
8. 2026-06-14
   days on market $130,000 Active 82 DOM
9. 2026-06-12
   days on market $130,000 Active 81 DOM
10. 2026-06-09
    days on market $130,000 Active 78 DOM
11. 2026-06-08
    days on market $130,000 Active 77 DOM
12. 2026-06-07
    days on market $130,000 Active 76 DOM
13. 2026-06-04
    days on market $130,000 Active 72 DOM
14. 2026-06-02
    days on market $130,000 Active 71 DOM
15. 2026-06-01
    days on market $130,000 Active 70 DOM
16. 2026-05-31
    days on market $130,000 Active 69 DOM
17. 2026-05-31
    days on market $130,000 Active 68 DOM
18. 2026-03-23
    listed $130,000 Active 430-char remark

    Show marketing remark (430 chars)

    Opportunity meets potential in this 4 bedroom, 2.5 bath home right in town! Sitting on a manageable 0.20 acre lot, this property features a remodeled kitchen and updated bath, giving you a great head start. With hardwood floors tucked beneath the carpet just waiting to be uncovered, this home is full of character and possibilities. Convenient location, great layout, and room to make it your own—don’t miss this one!

19. 2021-08-11
    soldstatus $38,000

ⓘ 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: $350 · $29/mo
• Projected year-2 tax: $533 · $44/mo
• Expected delta: +$183/yr (+$15/mo · 52.4%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 21 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: $13,629
• − Mortgage interest: −$7,282
• − Property taxes: −$350
• − Insurance: −$650
• − Repairs & maintenance: −$1,090
• − Management: −$1,090
• − Depreciation: −$3,782
• Taxable loss: −$615
• Est. tax savings @ 24.0%: +$148
• After-tax cash flow: $1,734/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: Marion County
• NCES district ID: 0102310
• Math proficiency: 20% ▼ -29.00%
• Reading proficiency: 48% ▬ 0.00%
• Median HH income: $32,048
• Composite: 27.69/100
• National rank: #6911
• State rank: #56 of 129 in AL

Livability — Hackleburg

• Score: 58/100
• State rank: #362
• US rank: #21114

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hackleburg, AL
• City population: 2,300
• Population (ZIP): 2,300

Population outlook (Marion County) Hauer SSP2

• Today (2025): 28,759 people
• By 2030: 27,834 · -3.2%
• By 2040: 25,974 · -9.7%
• By 2050: 24,129 · -16.1%
• By 2075: 20,179 · -29.8%
• By 2100: 16,341 · -43.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 11% Two or more races 4%
• Hispanic origin (detail): Mexican 7% Cuban 3%
• Common ancestry: Serbian 3% Romanian 1% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2% German/W. Germanic 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+81.7) · D 8.8% · R 90.5%
• 2008→2024 swing: -25.6pp toward R · 2008: -56.1pp · 2024: -81.7pp
• All cycles: 2024: R+81.7 2020: R+77.8 2016: R+76.2 2012: R+61.5 2008: R+56.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.28%
• Current HPI: 172.7218
• 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

+242.1% since first listed

2 events — show timeline

• 2026-03-23 Listed $130,000 VMLS
• 2021-08-11 Sold (Public Records) $38,000 Public Records

Property tax history

+9.4%/yr

Latest (2025): $350 · +5.2% YoY. Source: county tax records.