2010 Rowland Pl · Jasper, AL 35504

$179,900

3 bd · 1.5 ba · 988 sqft · SingleFamily public records · 27 Days on market

Built 1995 0.86 ac lot

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Why this score? — see what drove the D 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 +16.2/30.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• Schools +3.4/10.0
• 1% rule +3.2/10.0
• 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

Wonderful 3 bedroom 1 1/2 bathroom home in Jasper city limits on a nice quiet cul de sac. Very well maintained home sitting on a double lot, has a new metal roof and new gutters in 2014. 2 outdoor buildings/workshop, 2 car carport detached, 2 car carport attached, nice quiet location, close to everything. Septic tank pumped out in 2015, excellent low power bills. Enjoy the trees and the deer from your own front porch or your back deck. Extra lot could have a second home built, nice level piece of property for a second home or workshop.

Key facts

• Metal roof
• Second building
• Detached carport

Tags

• METAL ROOF
• OUTDOOR AREAS
• SECOND BUILDING
• DETACHED CARPORT
• STORAGE BUILDING
• FRONT PORCH

Property features AI

Exterior

• Parking: Attached and detached garage parking; 3 garage spaces
• Utilities: Septic tank
• Home design: Single-family residence; Residential property
• Construction: Frame construction; Vinyl siding; Wood siding; Metal roof; No basement
• Exterior features: Patio (covered); Deck; Outbuilding; Wooded lot

Interior

• Kitchen: Dishwasher; Range hood; Refrigerator; Electric oven; Electric range
• Flooring: Wood flooring; Laminate flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Rain gutters
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $30 ($362/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 $148k (17.5% below list).
• Recommended offer: $148k (17.5% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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+, crime F, amenities 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.
• Zoned schools: T R Simmons Elementary School (526 students, 52% FRL); Maddox Intermediate School (math 26% / reading 59%, grade D-, #51 of 257 statewide, top 20%, 636 students, 61% FRL); Jasper High School (math 22% / reading 27%, grade F, #118 of 305 statewide, top 45%, 814 students, 53% FRL).
• Market conditions: 163 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 $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 27 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $99k; list at $180k implies a 82% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; moderate wind risk, 26% 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 $148,331 (17.5% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.82% ✗
• Cap rate: 6.94%
• Cash-on-cash: 2.30%
• DSCR: 1.10
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -15.2%
• Equity multiple: 0.46×
• Total profit: $-27,269
• Equity at exit: $26,824

10-year hold

• IRR: -6.7%
• Equity multiple: 0.57×
• Total profit: $-21,434
• Equity at exit: $15,554

Cash invested: $50,372 (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: 163
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,483 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$57 /mo · $682/yr
• Insurance: −$75
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $30

Break-even live

Break-even rent $1,445

Max offer price $179,900

Occupancy floor 93%

Sensitivity live

Price	-10% $132	-5% $81	+0% $30	+5% $-21	+10% $-72
Rent	-10% $-87	-5% $-28	+0% $30	+5% $89	+10% $147
Rate	-1.0pp $121	-0.5pp $76	base $30	+0.5pp $-16	+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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-21
   days on market $179,900 Active 27 DOM
2. 2026-06-19
   days on market $179,900 Active 25 DOM
3. 2026-06-18
   days on market $179,900 Active 24 DOM
4. 2026-06-17
   days on market $179,900 Active 23 DOM
5. 2026-06-16
   days on market $179,900 Active 22 DOM
6. 2026-06-15
   days on market $179,900 Active 21 DOM
7. 2026-06-14
   days on market $179,900 Active 19 DOM
8. 2026-06-12
   days on market $179,900 Active 18 DOM
9. 2026-06-09
   days on market $179,900 Active 15 DOM
10. 2026-06-08
    days on market $179,900 Active 14 DOM
11. 2026-06-07
    days on market $179,900 Active 13 DOM
12. 2026-06-07
    days on market $179,900 Active 12 DOM
13. 2026-06-04
    days on market $179,900 Active 9 DOM
14. 2026-06-02
    days on market $179,900 Active 8 DOM
15. 2026-06-01
    days on market $179,900 Active 7 DOM
16. 2026-05-31
    days on market $179,900 Active 6 DOM
17. 2026-05-31
    days on market $179,900 Active 5 DOM
18. 2026-05-24
    listed $179,900 Active
19. 2017-03-31
    soldstatus $99,000 542-char remark

    Show marketing remark (348 chars)

    Wonderful 3 BR/1.5 BA in city limits on a nice cul de sac. Very well maintained home sitting on double lot, new metal roof and gutters in 2014, 2 outdoor buildings/workshop, 2 car carport, nice quiet location, close to everything. Septic tank pumped out in 2015, low power bills. Enjoy the trees and the deer from your own front porch or back deck!

20. 2017-03-31
    soldstatus $99,000 348-char remark

    Show marketing remark (348 chars)

    Wonderful 3 BR/1.5 BA in city limits on a nice cul de sac. Very well maintained home sitting on double lot, new metal roof and gutters in 2014, 2 outdoor buildings/workshop, 2 car carport, nice quiet location, close to everything. Septic tank pumped out in 2015, low power bills. Enjoy the trees and the deer from your own front porch or back deck!

21. 2017-03-31
    soldstatus $99,000

    Show marketing remark (348 chars)

    Wonderful 3 BR/1.5 BA in city limits on a nice cul de sac. Very well maintained home sitting on double lot, new metal roof and gutters in 2014, 2 outdoor buildings/workshop, 2 car carport, nice quiet location, close to everything. Septic tank pumped out in 2015, low power bills. Enjoy the trees and the deer from your own front porch or back deck!

22. 2016-11-21
    listed $97,900 348-char remark

    Show marketing remark (348 chars)

    Wonderful 3 BR/1.5 BA in city limits on a nice cul de sac. Very well maintained home sitting on double lot, new metal roof and gutters in 2014, 2 outdoor buildings/workshop, 2 car carport, nice quiet location, close to everything. Septic tank pumped out in 2015, low power bills. Enjoy the trees and the deer from your own front porch or back deck!

23. 2016-11-19
    listed $97,900 542-char remark

    Show marketing remark (542 chars)

    Wonderful 3 bedroom 1 1/2 bathroom home in Jasper city limits on a nice quiet cul de sac. Very well maintained home sitting on a double lot, has a new metal roof and new gutters in 2014. 2 outdoor buildings/workshop, 2 car carport detached, 2 car carport attached, nice quiet location, close to everything. Septic tank pumped out in 2015, excellent low power bills. Enjoy the trees and the deer from your own front porch or your back deck. Extra lot could have a second home built, nice level piece of property for a second home or workshop.

24. 2008-12-23
    soldstatus $80,000
25. 2008-09-04
    listed $89,900

ⓘ 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: $682 · $57/mo
• Projected year-2 tax: $738 · $61/mo
• Expected delta: +$56/yr (+$5/mo · 8.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% 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 5/10 Major 26% 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: $17,800
• − Mortgage interest: −$10,077
• − Property taxes: −$682
• − Insurance: −$1,697
• − Repairs & maintenance: −$1,424
• − Management: −$1,424
• − Depreciation: −$5,233
• Taxable loss: −$2,738
• Est. tax savings @ 24.0%: +$657
• After-tax cash flow: $1,019/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
• 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

+100.1% since first listed

8 events — show timeline

• 2026-05-24 Listed $179,900 Walker County Area MLS
• 2017-03-31 Sold (Public Records) $99,000 Public Records
• 2017-03-31 Sold (MLS) $99,000 Walker County Area MLS
• 2017-03-31 Sold (MLS) $99,000 Greater Alabama MLS
• 2016-11-21 Listed $97,900 Walker County Area MLS
• 2016-11-19 Listed $97,900 Greater Alabama MLS
• 2008-12-23 Sold (MLS) $80,000 Walker County Area MLS
• 2008-09-04 Listed $89,900 Walker County Area MLS

Property tax history

+25.7%/yr

Latest (2022): $682 · +103.8% YoY. Source: county tax records.