1209 Alabama Ave · Jasper, AL 35501

$179,000

3 bd · 4.0 ba · 2,482 sqft · SingleFamily · 143 Days on market

Built 1940 Fair condition 0.35 ac lot $72/sqft · 30% below area Est $257k · 30% under

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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).

• ARV discount +15.0/15.0
• Cash flow +10.8/30.0
• Schools +3.4/10.0
• 1% rule +3.2/10.0
• DSCR +3.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Turnkey Triplex Near Downtown! Great opportunity to own a fully functional 3-unit property close to downtown, Walmart, & Home Depot. Unit 1: 2 beds, 2 baths, fresh paint, new carpet -- move-in or rent-ready Unit 2: Studio with fenced backyard -- perfect for pets Unit 3: Rented Exterior updates: new metal roof, vinyl siding & fresh paint. Seller will consider ''Seller Financing''. 3D Virtual Tour

Key facts

• New metal roof
• Turnkey triplex
• Fresh paint

Tags

• TURNKEY TRIPLEX
• FENCED BACKYARD
• NEW METAL ROOF
• VINYL SIDING
• FRESH PAINT
• PRIME LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/4.0-bath single-family listed at $179k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $-83 ($-990/yr) — negative.
• To cash-flow at today's rent, offer at most $167k (6.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $146k (18.4% below list).
• Recommended offer: $146k (18.4% below list) — sets the bar for 1% rule.
• Cap rate 5.7% 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: 86 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 36 units permitted in Walker County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($55k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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 143 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $146,140 (18.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 143 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 5.74%
• Cash-on-cash: -1.98%
• DSCR: 0.91
• GRM: 10.2

CMA / ARV

• ARV (median comp): $256,941
• List price: $179,000
• Delta: -30.33%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
503 Crest Cir	0.23mi	3/3.5	2,400 (-3%)	12mo	$300,000	$125	72
1008 Longbrook Dr	0.19mi	3/2.0	2,385 (-4%)	8mo	$257,000	$108	70
1600 Birmingham Ave	0.36mi	4/3.0 (+1)	2,536 (+2%)	9mo	$304,600	$120	63
1109 S 6th Ave	0.44mi	4/3.0 (+1)	2,400 (-3%)	12mo	$387,500	$161	55
1301 Gamble Ave	0.39mi	3/2.0	2,205 (-11%)	0mo	$370,000	$168	55
608 13th St W	0.53mi	3/2.0	2,327 (-6%)	2mo	$116,558	$50	55
409 13th St	0.39mi	3/2.0	2,600 (+5%)	16mo	$130,662	$50	53
608 13th St	0.53mi	3/2.0	2,200 (-11%)	2mo	$116,557	$53	47
515 Glenview Dr	0.50mi	4/3.0 (+1)	2,760 (+11%)	3mo	$272,000	$99	46
2100 Euclid Ave	0.72mi	3/4.0	2,198 (-11%)	4mo	$240,000	$109	44
605 W 6th St	0.61mi	3/4.0	2,770 (+12%)	10mo	$270,600	$98	43
809 9th Ave	0.70mi	3/2.0	2,173 (-12%)	11mo	$260,000	$120	29

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: -19.6%
• Equity multiple: 0.32×
• Total profit: $-34,240
• Equity at exit: $26,689

10-year hold

• IRR: -12.3%
• Equity multiple: 0.27×
• Total profit: $-36,493
• Equity at exit: $15,477

Cash invested: $50,120 (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: 10.2×

Monthly cashflow live

• Estimated rent: $1,461 high
• Mortgage (P&I): −$939
• Tax est. 1.5%: −$224 /mo · $2,685/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $-83

Break-even live

Break-even rent $1,566

Max offer price $167,059

Occupancy floor —

Sensitivity live

Price	-10% $41	-5% $-21	+0% $-83	+5% $-144	+10% $-206
Rent	-10% $-198	-5% $-140	+0% $-83	+5% $-25	+10% $33
Rate	-1.0pp $8	-0.5pp $-37	base $-83	+0.5pp $-129	+1.0pp $-176

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
159 Kings WAY Jasper, AL	4.0	2.0	1802	$1,810	$1.00	5d	1	0.66mi
1405 10th Ave Jasper, AL	3.0	1.0	1600	$975	$0.61	16d	1	0.76mi
630 Golden Eagle Cir Jasper, AL	4.0	2.0	1620	$1,675	$1.03	45d	1	1.07mi
84 Victor Dr Jasper, AL	4.0	2.0	1802	$1,775	$0.99	45d	1	1.22mi
93 Victor Dr Jasper, AL	4.0	2.5	1906	$1,850	$0.97	45d	1	1.23mi
578 Troubadour Ln Jasper, AL	4.0	2.0	1802	$1,695	$0.94	45d	1	1.30mi

Listing history 21 events

1. 2026-06-21
   days on market $179,000 Active 143 DOM
2. 2026-06-19
   days on market $179,000 Active 141 DOM
3. 2026-06-18
   days on market $179,000 Active 140 DOM
4. 2026-06-17
   days on market $179,000 Active 139 DOM
5. 2026-06-16
   days on market $179,000 Active 138 DOM
6. 2026-06-15
   days on market $179,000 Active 137 DOM
7. 2026-06-14
   days on market $179,000 Active 135 DOM
8. 2026-06-12
   days on market $179,000 Active 134 DOM
9. 2026-06-09
   days on market $179,000 Active 131 DOM
10. 2026-06-08
    days on market $179,000 Active 130 DOM
11. 2026-06-07
    days on market $179,000 Active 129 DOM
12. 2026-06-07
    days on market $179,000 Active 128 DOM
13. 2026-06-04
    days on market $179,000 Active 125 DOM
14. 2026-06-02
    days on market $179,000 Active 124 DOM
15. 2026-06-01
    days on market $179,000 Active 123 DOM
16. 2026-05-31
    days on market $179,000 Active 122 DOM
17. 2026-05-31
    days on market $179,000 Active 121 DOM
18. 2026-01-29
    status Active 415-char remark

    Show marketing remark (469 chars)

    Turnkey Triplex Near Downtown! Great opportunity to own a fully functional 3-unit property close to downtown, Walmart, & Home Depot. Unit 1: 2 beds, 2 baths, fresh paint, new carpet — move-in or rent-ready Unit 2: Studio with fenced backyard — perfect for pets Unit 3: Rented — instant income Exterior updates: new metal roof, vinyl siding & fresh paint. Sellers will consider "Seller Financing". Solid investment-prime Location!

19. 2026-01-29
    listed $179,000 Active 469-char remark

    Show marketing remark (469 chars)

    Turnkey Triplex Near Downtown! Great opportunity to own a fully functional 3-unit property close to downtown, Walmart, & Home Depot. Unit 1: 2 beds, 2 baths, fresh paint, new carpet — move-in or rent-ready Unit 2: Studio with fenced backyard — perfect for pets Unit 3: Rented — instant income Exterior updates: new metal roof, vinyl siding & fresh paint. Sellers will consider "Seller Financing". Solid investment-prime Location!

20. 2026-01-16
    historical 415-char remark

    Show marketing remark (415 chars)

    Turnkey Triplex Near Downtown! Great opportunity to own a fully functional 3-unit property close to downtown, Walmart, & Home Depot. Unit 1: 2 beds, 2 baths, fresh paint, new carpet -- move-in or rent-ready Unit 2: Studio with fenced backyard -- perfect for pets Unit 3: Rented Exterior updates: new metal roof, vinyl siding & fresh paint. Seller will consider ''Seller Financing''. 3D Virtual Tour

21. 2025-07-17
    listed $179,000 Active 415-char remark

    Show marketing remark (415 chars)

    Turnkey Triplex Near Downtown! Great opportunity to own a fully functional 3-unit property close to downtown, Walmart, & Home Depot. Unit 1: 2 beds, 2 baths, fresh paint, new carpet -- move-in or rent-ready Unit 2: Studio with fenced backyard -- perfect for pets Unit 3: Rented Exterior updates: new metal roof, vinyl siding & fresh paint. Seller will consider ''Seller Financing''. 3D Virtual Tour

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,537
• − Mortgage interest: −$10,027
• − Property taxes: −$2,685
• − Insurance: −$895
• − Repairs & maintenance: −$1,403
• − Management: −$1,403
• − Depreciation: −$5,207
• Taxable loss: −$4,083
• Est. tax savings @ 24.0%: +$980
• After-tax cash flow: $-10/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This property requires moderate renovations to update the kitchen and bathrooms, which will significantly increase its resale and rental value.

Repairs flagged

• Moderate kitchen cabinets — dated and worn
• Moderate kitchen flooring — dated and worn
• Minor bathroom fixtures — small and outdated
• Minor living room carpet — dated and worn

Value-add opportunities

• Both update kitchen cabinets and flooring — modernizing kitchen will appeal to buyers and renters
• Both update bathroom fixtures — modernizing bathrooms will appeal to buyers and renters
• Both paint interior walls — fresh paint will improve curb appeal and interior aesthetics

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and worn	Moderate	$3,000–15,000
kitchen flooring · dated and worn	Moderate	$3,000–15,000
bathroom fixtures · small and outdated	Minor	$500–3,000
living room carpet · dated and worn	Minor	$500–3,000
Total estimated repair cost · 4 items		$7,000–36,000

Value-add ROI direction

• Both update kitchen cabinets and flooring — modernizing kitchen will appeal to buyers and renters ↑
• Both update bathroom fixtures — modernizing bathrooms will appeal to buyers and renters ↑
• Both paint interior walls — fresh paint will improve curb appeal and interior aesthetics ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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
• 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

+0.0% since first listed

4 events — show timeline

• 2026-01-29 Relisted — Walker County Area MLS
• 2026-01-29 Listed $179,000 Greater Alabama MLS
• 2026-01-16 Delisted — Walker County Area MLS
• 2025-07-17 Listed $179,000 Walker County Area MLS