176 Pleasant Trl · Jasper, AL 35504

$159,900

3 bd · 2.0 ba · 1,792 sqft · Manufactured public records · 40 Days on market

Built 2007 0.97 ac lot $89/sqft · 42% below area Est $276k · 42% under

---

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 +22.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +5.9/10.0
• 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

220 FT NEW GRAVEL DRIVEWAY ADDED! Welcome home to peaceful country living in Jasper! This newly remodeled manufactured home sits on approximately one acre and offers the perfect blend of comfort, charm, and value. Inside, you’ll find fresh paint, new flooring throughout, and an updated kitchen featuring beautiful quartz countertops. The functional layout and modern finishes make this home truly move-in ready for its new owner. Enjoy the quiet setting, open space, and room to relax while still being conveniently located to town. Whether you’re looking for your first home, downsizing, or simply wanting a more peaceful lifestyle, this property is one you won’t want to miss!

Key facts

• 0.97 acre lot
• Built 2007
• Listed 40 days

Property features AI

Finance

• Other: Lot size approximately 0.97 acres; Subdivision: Jasper
• Financial info: Has down payment assistance available
• HOA & community: No association fee

Exterior

• Parking: Driveway parking; Parking on main level
• Utilities: Public water; Septic system; Gas water heater; Underground utilities; Internet availability unknown
• Home design: Existing single-family residence; Siding: vinyl
• Construction: Crawl space foundation
• Exterior features: Open deck; No pool; No patio; No garden/patio; Not waterfront; Flood plain: not in flood plain

Interior

• Kitchen: Stone countertops; Electric cooktop; Electric oven; Refrigerator; Some stainless appliances
• Bedrooms: Master bedroom (main level); Two additional bedrooms (main level)
• Flooring: Vinyl flooring
• Bathrooms: Two full bathrooms; Master bath with garden tub and separate shower; Tub/shower combo in secondary bath
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Smooth ceilings; Recessed lighting; Split-bedroom layout; Living room; Dining room
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $277 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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: Cordova Elementary School (math 47% / reading 62%, grade C, #87 of 627 statewide, top 15%, 351 students, 67% FRL); Cordova High School (math 8% / reading 12%, grade F, #252 of 305 statewide, top 84%, 467 students, 65% FRL).
• Market conditions: 161 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $5k 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 40 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $51k; list at $160k implies a 214% 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 $155,103 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 1.09% ✓
• Cap rate: 8.38%
• Cash-on-cash: 7.44%
• DSCR: 1.33
• GRM: 7.6

CMA / ARV

• ARV (median comp): $276,088
• List price: $159,900
• Delta: -42.08%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1399 Blackwell Dairy Rd	0.70mi	4/2.0 (+1)	1,560 (-13%)	21mo	$150,000	$96	23

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: -4.9%
• Equity multiple: 0.82×
• Total profit: $-8,212
• Equity at exit: $23,842

10-year hold

• IRR: 4.8%
• Equity multiple: 1.35×
• Total profit: $15,712
• Equity at exit: $13,825

Cash invested: $44,772 (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 35504

• Home prices YoY: -34.0%
• Active inventory: 161
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,750 medium
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,398/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $277

Break-even live

Break-even rent $1,399

Max offer price $159,900

Occupancy floor 79%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
124 Shepherds Loop Jasper, AL	4.0	2.0	1800	$1,750	$0.97	21d	1	0.65mi

Listing history 21 events

1. 2026-06-18
   days on market $159,900 Active 40 DOM
2. 2026-06-17
   days on market $159,900 Active 39 DOM
3. 2026-06-16
   days on market $159,900 Active 38 DOM
4. 2026-06-15
   remarks 679-char remark
5. 2026-06-15
   days on market $159,900 Active 37 DOM
6. 2026-06-13
   days on market $159,900 Active 35 DOM
7. 2026-06-13
   days on market $159,900 Active 34 DOM
8. 2026-06-10
   days on market $159,900 Active 32 DOM
9. 2026-06-09
   days on market $159,900 Active 31 DOM
10. 2026-06-08
    days on market $159,900 Active 30 DOM
11. 2026-06-07
    days on market $159,900 Active 29 DOM
12. 2026-06-05
    days on market $159,900 Active 26 DOM
13. 2026-06-03
    days on market $159,900 Active 25 DOM
14. 2026-06-03
    days on market $159,900 Active 24 DOM
15. 2026-06-01
    days on market $159,900 Active 23 DOM
16. 2026-05-31
    days on market $159,900 Active 22 DOM
17. 2026-05-09
    listed $159,900 Active 696-char remark
18. 2026-05-08
    historical $159,900 696-char remark
19. 2026-04-10
    soldstatus $51,000
20. 2026-02-11
    price $64,000
21. 2026-02-03
    price $74,000

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

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: $21,000
• − Mortgage interest: −$8,957
• − Property taxes: −$2,398
• − Insurance: −$800
• − Repairs & maintenance: −$1,680
• − Management: −$1,680
• − Depreciation: −$4,652
• Taxable income: $833
• Est. tax owed @ 24.0%: −$200
• After-tax cash flow: $3,130/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

+116.1% since first listed

5 events — show timeline

• 2026-05-09 Listed $159,900 Greater Alabama MLS
• 2026-05-08 Coming Soon $159,900 Greater Alabama MLS
• 2026-04-10 Sold (Public Records) $51,000 Public Records
• 2026-02-11 Price Changed $64,000 Greater Alabama MLS
• 2026-02-03 Price Changed $74,000 Greater Alabama MLS

Property tax history

+6.6%/yr

Latest (2024): $132 · +13.7% YoY. Source: county tax records.