1928 Walker Dr · Fultondale, AL 35068

$200,000

3 bd · 1.0 ba · 1,652 sqft · SingleFamily public records · 112 Days on market

Built 1969 0.35 ac lot Est $226k · 12% 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 +21.0/30.0
• ARV discount +12.7/15.0
• DSCR +6.7/10.0
• 1% rule +4.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Totally updated home with expanded living space in the basement! Open living/dining/kitchen with pretty columns separating the foyer and the living space. 3 bedrooms, 2 baths on main level. Downstairs is an open playroom, laundry, gym/study, and bedroom. There's also a garage and plenty of storage space in the basement. Recent upgrades per seller include roof, HVAC, appliances, granite, hot water heater, bathroom updates, new interior doors, paint, some new drywall, some new plumbing and wiring, light fixtures, new deck, and more! Located conveniently off I-65 and I-22 on nice lot with private back yard. Call for your showing today!

Key facts

• New lighting
• New counter tops
• New flooring

Tags

• NEW FLOORING
• NEW KITCHEN CABINETS
• NEW APPLIANCES
• NEW COUNTER TOPS
• UPDATED BATHROOMS
• NEW LIGHTING

Property features AI

Finance

• Other: Lot size: 0.35 acres
• Financial info: Has down payment assistance

Exterior

• Parking: Front garage entry; Driveway parking; 1 total garage space
• Utilities: Public water; Septic sewer; Electric water heater; Internet service availability: unknown
• Home design: 4-side brick construction; Basement foundation; Existing year built (property is existing)
• Construction: 4-side brick construction; Basement foundation; Concrete block basement
• Exterior features: Open deck; No pool; No patio; No garden/patio; Not waterfront; Flood plain: No; No notable lot view

Interior

• Kitchen: Solid surface countertops; Built-in dishwasher; Electric oven
• Bedrooms: Master bedroom on main level; Additional bedrooms on main level
• Flooring: Vinyl floors
• Bathrooms: Two full bathrooms; Tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Tri-level: No; Split level: No; Split foyer: No; Ceilings: Other (see remarks); Unfinished basement present; Basement is concrete block and unfinished; Attic present
• Laundry & utility: Laundry in basement (closet); Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $282 ($3k/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 $192k (4.2% below list).
• Recommended offer: $182k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 4.7% in Fultondale — 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 69/100 on livability (#51 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: crime D+, amenities F, commute F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Fultondale Elementary School (math 6% / reading 30%, grade F, #481 of 627 statewide, top 77%, 982 students, 49% FRL); Fultondale High School (math 3% / reading 23%, grade F, #236 of 305 statewide, top 77%, 635 students, 83% FRL) — zoned schools average 66% FRL vs 49% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 105 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 31% of the median local income ($74k/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 $6k of value loss. Plan a longer hold.
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago; this cycle's ask has dropped $50k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $167k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $182,000 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — 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. Crime grade is D 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?
7. 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.
8. 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.
9. 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: 0.96% ✗
• Cap rate: 7.99%
• Cash-on-cash: 6.04%
• DSCR: 1.27
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $226,324
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1928 Walker Dr	0.00mi	3/2.0	1,652 (0%)	1mo	$200,000	$121	95
3609 Mary Ln	0.13mi	3/2.0	1,749 (+6%)	5mo	$240,000	$137	76
3414 Walker Chapel Rd	0.13mi	4/2.0 (+1)	1,627 (-2%)	9mo	$220,000	$135	75
3020 Debra Dr	0.36mi	3/1.0	1,624 (-2%)	8mo	$215,000	$132	74
1944 Walker Dr	0.08mi	3/2.0	1,440 (-13%)	4mo	$239,900	$167	68
1900 Kenneth St	0.38mi	3/1.0	1,548 (-6%)	6mo	$176,500	$114	67
3029 Burkwood Rd	0.62mi	3/2.0	1,643 (-0%)	8mo	$212,000	$129	60
2316 Elkwood Dr	0.31mi	3/2.0	1,500 (-9%)	8mo	$249,900	$167	60
3001 Kathy Ln	0.48mi	3/2.5	1,514 (-8%)	2mo	$230,000	$152	56
3026 Forest Dr	0.50mi	3/2.0	1,764 (+7%)	8mo	$226,000	$128	55
3016 Walker St	0.61mi	3/2.0	1,462 (-12%)	1mo	$210,000	$144	47
3427 Burke Meadow Cir	0.66mi	3/2.0	1,426 (-14%)	10mo	$285,000	$200	34

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: -7.0%
• Equity multiple: 0.74×
• Total profit: $-14,510
• Equity at exit: $29,821

10-year hold

• IRR: 2.6%
• Equity multiple: 1.18×
• Total profit: $10,236
• Equity at exit: $17,292

Cash invested: $56,000 (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 35068

• Home prices YoY: -9.4%
• Active inventory: 105
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,917 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$100 /mo · $1,199/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $282

Break-even live

Break-even rent $1,560

Max offer price $200,000

Occupancy floor 80%

Sensitivity live

Price	-10% $395	-5% $339	+0% $282	+5% $225	+10% $169
Rent	-10% $131	-5% $206	+0% $282	+5% $358	+10% $433
Rate	-1.0pp $383	-0.5pp $333	base $282	+0.5pp $230	+1.0pp $177

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2025 Rockwood Ln Fultondale, AL	3.0	2.0	1919	$1,890	$0.98	2d	1	1.13mi
465 W Park Dr Fultondale, AL	4.0	2.5	2159	$2,146	$0.99	16d	1	1.18mi
383 W Park Dr Fultondale, AL	3.0	2.0	1450	$1,786	$1.23	2d	1	1.22mi
3143 Enclave Ln Fultondale, AL	3.0	2.0	1424	$1,950	$1.37	19d	1	1.39mi
2938 Summit Dr Fultondale, AL	4.0	2.0	1956	$2,200	$1.12	2d	1	1.46mi
2931 Summit Dr Fultondale, AL	3.0	2.0	1327	$1,900	$1.43	2d	1	1.48mi

Listing history 13 events

1. 2026-04-29
   status Pending
2. 2026-04-24
   price $200,000
3. 2026-04-07
   price $220,000
4. 2026-03-25
   price $235,000
5. 2026-02-24
   price $240,000
6. 2026-01-28
   price $245,000
7. 2026-01-06
   listed $250,000 Active
8. 2019-01-30
   soldstatus $167,150
9. 2019-01-29
   soldstatus $167,000 Sold 642-char remark

   Show marketing remark (642 chars)

   Totally updated home with expanded living space in the basement! Open living/dining/kitchen with pretty columns separating the foyer and the living space. 3 bedrooms, 2 baths on main level. Downstairs is an open playroom, laundry, gym/study, and bedroom. There's also a garage and plenty of storage space in the basement. Recent upgrades per seller include roof, HVAC, appliances, granite, hot water heater, bathroom updates, new interior doors, paint, some new drywall, some new plumbing and wiring, light fixtures, new deck, and more! Located conveniently off I-65 and I-22 on nice lot with private back yard. Call for your showing today!

10. 2018-12-31
    historical 642-char remark

    Show marketing remark (642 chars)

    Totally updated home with expanded living space in the basement! Open living/dining/kitchen with pretty columns separating the foyer and the living space. 3 bedrooms, 2 baths on main level. Downstairs is an open playroom, laundry, gym/study, and bedroom. There's also a garage and plenty of storage space in the basement. Recent upgrades per seller include roof, HVAC, appliances, granite, hot water heater, bathroom updates, new interior doors, paint, some new drywall, some new plumbing and wiring, light fixtures, new deck, and more! Located conveniently off I-65 and I-22 on nice lot with private back yard. Call for your showing today!

11. 2018-12-17
    listed $169,900 Active 642-char remark

    Show marketing remark (642 chars)

    Totally updated home with expanded living space in the basement! Open living/dining/kitchen with pretty columns separating the foyer and the living space. 3 bedrooms, 2 baths on main level. Downstairs is an open playroom, laundry, gym/study, and bedroom. There's also a garage and plenty of storage space in the basement. Recent upgrades per seller include roof, HVAC, appliances, granite, hot water heater, bathroom updates, new interior doors, paint, some new drywall, some new plumbing and wiring, light fixtures, new deck, and more! Located conveniently off I-65 and I-22 on nice lot with private back yard. Call for your showing today!

12. 2012-12-17
    soldstatus $92,900 128-char remark

    Show marketing remark (128 chars)

    GREAT STARTER HOME INCLUDES EXTRA LOT CONVIENT TO INTERSTATE READY TO MOVE INTO pRICE RELECTS "AS IS" SALE ESTATE SALE

13. 2012-06-08
    listed $89,900 128-char remark

    Show marketing remark (128 chars)

    GREAT STARTER HOME INCLUDES EXTRA LOT CONVIENT TO INTERSTATE READY TO MOVE INTO pRICE RELECTS "AS IS" SALE ESTATE SALE

ⓘ 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: $1,199 · $100/mo
• Projected year-2 tax: $1,199 · $100/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 6/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,999
• − Mortgage interest: −$11,203
• − Property taxes: −$1,199
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,840
• − Management: −$1,840
• − Depreciation: −$5,818
• Taxable income: $99
• Est. tax owed @ 24.0%: −$24
• After-tax cash flow: $3,360/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Fultondale

• Score: 69/100
• State rank: #51
• US rank: #8334

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fultondale, AL
• County: Jefferson County · 527,445 people
• City population: 8,378
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 8,378
• Household income: $73,750
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 302.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 669,185 people
• By 2030: 669,694 · +0.1%
• By 2040: 661,388 · -1.2%
• By 2050: 643,086 · -3.9%
• By 2075: 577,267 · -13.7%
• By 2100: 474,758 · -29.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 49% Black 43% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Serbian 1% Iranian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5%

Political lean MEDSL · Jefferson

• 2024 margin: D (+10.4) · D 54.6% · R 44.2% · Other 1.2%
• 2008→2024 swing: +5.4pp toward D · 2008: 5.1pp · 2024: 10.4pp
• All cycles: 2024: D+10.4 2020: D+13.2 2016: D+7.2 2012: D+6.0 2008: D+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -23.34%
• Current HPI: 224.4813
• Rent YoY: —
• Metro: Birmingham-Hoover, 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

+122.5% since first listed

13 events — show timeline

• 2026-04-29 Pending — Greater Alabama MLS
• 2026-04-24 Price Changed $200,000 Greater Alabama MLS
• 2026-04-07 Price Changed $220,000 Greater Alabama MLS
• 2026-03-25 Price Changed $235,000 Greater Alabama MLS
• 2026-02-24 Price Changed $240,000 Greater Alabama MLS
• 2026-01-28 Price Changed $245,000 Greater Alabama MLS
• 2026-01-06 Listed $250,000 Greater Alabama MLS
• 2019-01-30 Sold (Public Records) $167,150 Public Records
• 2019-01-29 Sold (MLS) $167,000 Greater Alabama MLS
• 2018-12-31 Delisted — Greater Alabama MLS
• 2018-12-17 Listed $169,900 Greater Alabama MLS
• 2012-12-17 Sold (MLS) $92,900 Greater Alabama MLS
• 2012-06-08 Listed $89,900 Greater Alabama MLS

Property tax history

+6.7%/yr

Latest (2025): $1,199 · +1.8% YoY. Source: county tax records.