200 Castle Dr · Jasper, TN 37347

$205,000

3 bd · 2.0 ba · 1,500 sqft · SingleFamily public records · 10 Days on market

Built 1997 0.59 ac lot Est $376k · 46% under

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Why this score? — see what drove the B- 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 +26.8/30.0
• ARV discount +15.0/15.0
• DSCR +9.2/10.0
• 1% rule +6.2/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

4 Bedroom 2 Bath home on Castle Dr in Jasper. Spacious open Living Room, Kitchen, and Dining area. New Flooring, and New Deck. Attached 2 Car Garage Nice Level lot!

Key facts

• 0.59 acre lot
• 2 garage spots
• Built 1997

Property features AI

Exterior

• Parking: Attached garage with 2 spaces; Garage includes door opener; garage at kitchen level
• Security: Smoke detectors installed
• Utilities: Public water; Septic tank; Electricity available; Cable available; Phone available; Underground utilities
• Home design: Single-family residence; One level / single-story; Residential property; Has a view
• Construction: Aluminum siding; Block foundation
• Exterior features: Rain gutters; Deck; Covered patio and porch; Fenced yard; Shingle roof; Cul-de-sac location; Level lot; Asphalt road frontage (public maintained county road)

Interior

• Kitchen: Electric water heater (serves kitchen); Open floor plan connecting kitchen to living areas
• Bedrooms: Master on main level
• Flooring: Hardwood floors
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Cathedral ceilings; Open floor plan; Master bedroom on main level; Aluminum-framed windows; Electric water heater; Hardwood flooring; Crawl space basement
• Laundry & utility: Laundry room with washer hookup; Electric and gas dryer hookups

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $559 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $205k).
• Cap rate 9.6% vs local median 1.7% 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 59/100 on livability (#287 in TN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A-, housing B; Watch: amenities F, commute F, employment D-.
• Marion County (town): math 24% / reading 25% proficiency, ranked #89 of 139 in TN (top 64%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Jasper Elementary School (math 36% / reading 33%, grade F, #319 of 952 statewide, top 37%, 629 students, 0% FRL); Marion Co High School (math 8% / reading 42%, grade F, #125 of 332 statewide, top 38%, 491 students, 0% FRL) — zoned schools average 0% FRL vs 57% district-wide (57 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 417 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 225 units permitted in Marion 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $57k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 5y 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.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $205,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.12% ✓
• Cap rate: 9.56%
• Cash-on-cash: 11.69%
• DSCR: 1.52
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $376,500
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
130 Jasper Gulch Dr	0.21mi	3/2.0	1,373 (-8%)	2mo	$345,000	$251	74
126 Harris Rd	0.48mi	3/2.0	1,560 (+4%)	12mo	$269,900	$173	61

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: 1.1%
• Equity multiple: 1.04×
• Total profit: $2,317
• Equity at exit: $30,566

10-year hold

• IRR: 10.7%
• Equity multiple: 1.83×
• Total profit: $47,602
• Equity at exit: $17,725

Cash invested: $57,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 37347

• Home prices YoY: -8.4%
• Active inventory: 417
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,300 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$98 /mo · $1,171/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $559

Break-even live

Break-even rent $1,592

Max offer price $205,000

Occupancy floor 71%

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
410 Marshall Hall Rd Jasper, TN	3.0	2.0	1344	$2,300	$1.71	23d	1	1.44mi

Listing history 16 events

1. 2026-05-15
   status Pending
2. 2026-05-04
   listed $205,000 Active
3. 2022-06-15
   historical 164-char remark

   Show marketing remark (164 chars)

   4 Bedroom 2 Bath home on Castle Dr in Jasper. Spacious open Living Room, Kitchen, and Dining area. New Flooring, and New Deck. Attached 2 Car Garage Nice Level lot!

4. 2022-06-09
   soldstatus $277,000
5. 2022-06-07
   soldstatus $277,000 Closed 164-char remark

   Show marketing remark (164 chars)

   4 Bedroom 2 Bath home on Castle Dr in Jasper. Spacious open Living Room, Kitchen, and Dining area. New Flooring, and New Deck. Attached 2 Car Garage Nice Level lot!

6. 2022-06-07
   soldstatus $277,000 164-char remark

   Show marketing remark (164 chars)

   4 Bedroom 2 Bath home on Castle Dr in Jasper. Spacious open Living Room, Kitchen, and Dining area. New Flooring, and New Deck. Attached 2 Car Garage Nice Level lot!

7. 2022-04-30
   historical Contingent 164-char remark

   Show marketing remark (164 chars)

   4 Bedroom 2 Bath home on Castle Dr in Jasper. Spacious open Living Room, Kitchen, and Dining area. New Flooring, and New Deck. Attached 2 Car Garage Nice Level lot!

8. 2022-04-11
   status Active 164-char remark

   Show marketing remark (164 chars)

   4 Bedroom 2 Bath home on Castle Dr in Jasper. Spacious open Living Room, Kitchen, and Dining area. New Flooring, and New Deck. Attached 2 Car Garage Nice Level lot!

9. 2022-03-16
   historical Contingent 164-char remark

   Show marketing remark (164 chars)

   4 Bedroom 2 Bath home on Castle Dr in Jasper. Spacious open Living Room, Kitchen, and Dining area. New Flooring, and New Deck. Attached 2 Car Garage Nice Level lot!

10. 2022-03-10
    status Active 164-char remark

    Show marketing remark (164 chars)

    4 Bedroom 2 Bath home on Castle Dr in Jasper. Spacious open Living Room, Kitchen, and Dining area. New Flooring, and New Deck. Attached 2 Car Garage Nice Level lot!

11. 2022-02-27
    historical Contingent 164-char remark

    Show marketing remark (164 chars)

    4 Bedroom 2 Bath home on Castle Dr in Jasper. Spacious open Living Room, Kitchen, and Dining area. New Flooring, and New Deck. Attached 2 Car Garage Nice Level lot!

12. 2022-02-25
    listed $269,000 Active 164-char remark

    Show marketing remark (164 chars)

    4 Bedroom 2 Bath home on Castle Dr in Jasper. Spacious open Living Room, Kitchen, and Dining area. New Flooring, and New Deck. Attached 2 Car Garage Nice Level lot!

13. 2021-06-03
    soldstatus $198,000
14. 2021-05-24
    soldstatus $198,000 Closed
15. 2021-04-19
    listed $200,000
16. 2021-04-19
    listed Contingent

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

Tax reassessment forecast TN · Resets to sale price

• Current annual tax: $1,171 · $98/mo
• Projected year-2 tax: $1,456 · $121/mo
• Expected delta: +$284/yr (+$24/mo · 24.3%)

ⓘ 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 6/10 Major 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 12% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,600
• − Mortgage interest: −$11,483
• − Property taxes: −$1,171
• − Insurance: −$1,025
• − Repairs & maintenance: −$2,208
• − Management: −$2,208
• − Depreciation: −$5,964
• Taxable income: $3,541
• Est. tax owed @ 24.0%: −$850
• After-tax cash flow: $5,857/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: 4702640
• Math proficiency: 24% ▼ -2.00%
• Reading proficiency: 25% ▼ -3.00%
• Median HH income: $41,941
• Composite: 20.88/100
• National rank: #8494
• State rank: #89 of 139 in TN

Livability — Jasper

• Score: 59/100
• State rank: #287
• US rank: #20173

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jasper, TN
• City population: 8,555
• Population (ZIP): 8,555

Population outlook (Marion County) Hauer SSP2

• Today (2025): 28,889 people
• By 2030: 28,915 · +0.1%
• By 2040: 28,662 · -0.8%
• By 2050: 28,053 · -2.9%
• By 2075: 26,855 · -7.0%
• By 2100: 24,404 · -15.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Two or more races 7% Black 5% Hispanic / Latino 4%
• Common ancestry: Serbian 3% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada, South Korea
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+55.7) · D 21.7% · R 77.4%
• 2008→2024 swing: -34.3pp toward R · 2008: -21.4pp · 2024: -55.7pp
• All cycles: 2024: R+55.7 2020: R+50.8 2016: R+44.8 2012: R+22.3 2008: R+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -27.40%
• Current HPI: 300.261
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Price history

+2.5% since first listed

16 events — show timeline

• 2026-05-15 Pending — GCAR
• 2026-05-04 Listed $205,000 GCAR
• 2022-06-15 Delisted — GCAR
• 2022-06-09 Sold (Public Records) $277,000 Public Records
• 2022-06-07 Sold (MLS) $277,000 REALTRACS as Distributed by MLS Grid
• 2022-06-07 Sold (MLS) $277,000 GCAR
• 2022-04-30 Contingent — GCAR
• 2022-04-11 Relisted — GCAR
• 2022-03-16 Contingent — GCAR
• 2022-03-10 Relisted — GCAR
• 2022-02-27 Contingent — GCAR
• 2022-02-25 Listed $269,000 GCAR
• 2021-06-03 Sold (Public Records) $198,000 Public Records
• 2021-05-24 Sold (MLS) $198,000 GCAR
• 2021-04-19 Listed — GCAR
• 2021-04-19 Listed $200,000 GCAR

Property tax history

+2.3%/yr

Latest (2025): $1,171 · +0.0% YoY. Source: county tax records.