3807 Turkey Run · Jasper, AL 35504

$65,000

1 bd · 1.0 ba · 864 sqft · Other · 134 Days on market

Built 2000 Good condition 1.00 ac lot ↓ 18% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +3.8/5.0
• Schools +3.4/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Similar to a Bardominium, bring your dream home to life on this beautifully situated approx. 1-acre lot, in the highly sought-after Heatherwood Subdivision, already equipped with a fully insulated and heated 2-car garage. Complete with septic, water, and electric on-site, this property offers the perfect foundation for a custom build. The existing garage provides a multitude of possibilities: transform it into a luxury guest suite, private apartment, office, elegant mother-in-law cottage, or simply enjoy it as a top-tier detached garage for your vehicles and hobbies, or a workshop. With infrastructure in place, your new home project can begin without delay, saving you time and expenses. Highlights: Approx. 1-acre Homesite on a quiet street in Heatherwood Subdivision Heated & Insulated 2-Car Garage Septic, Electric, Water. Propane Already Installed Perfect for New Construction Guest Suite Potential A rare opportunity to create a stunning property with existing improvements/utilities.

Key facts

• 1 acre lot
• Heated 2 car garage
• 1 acre lot

Tags

• 1 ACRE LOT
• HEATHERWOOD SUBDIVISION
• HEATED 2 CAR GARAGE
• SEPTIC WATER ELECTRIC ON SITE
• GUEST SUITE POTENTIAL

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath other listed at $65k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $531 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.3% 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+, schools D, crime 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.
• Market conditions: 161 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 $449 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; 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 $57,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 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?
6. 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?
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: 2.04% ✓
• Cap rate: 17.33%
• Cash-on-cash: 39.40%
• DSCR: 2.75
• GRM: 4.1

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: 30.6%
• Equity multiple: 2.28×
• Total profit: $23,359
• Equity at exit: $9,692

10-year hold

• IRR: 37.9%
• Equity multiple: 4.52×
• Total profit: $64,151
• Equity at exit: $5,620

Cash invested: $18,200 (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: 4.1×

Monthly cashflow live

• Estimated rent: $1,325 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $531

Break-even live

Break-even rent $653

Max offer price $65,000

Occupancy floor 55%

Sensitivity live

Price	-10% $576	-5% $554	+0% $531	+5% $509	+10% $486
Rent	-10% $426	-5% $479	+0% $531	+5% $584	+10% $636
Rate	-1.0pp $564	-0.5pp $548	base $531	+0.5pp $514	+1.0pp $497

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-09
   days on market $65,000 Active 134 DOM
2. 2026-06-08
   days on market $65,000 Active 133 DOM
3. 2026-06-07
   days on market $65,000 Active 132 DOM
4. 2026-06-07
   days on market $65,000 Active 131 DOM
5. 2026-06-04
   days on market $65,000 Active 128 DOM
6. 2026-06-02
   days on market $65,000 Active 127 DOM
7. 2026-06-01
   days on market $65,000 Active 126 DOM
8. 2026-05-31
   days on market $65,000 Active 125 DOM
9. 2026-05-31
   days on market $65,000 Active 124 DOM
10. 2026-05-12
    price $65,000 1003-char remark

    Show marketing remark (1003 chars)

    Similar to a Bardominium, bring your dream home to life on this beautifully situated approx. 1-acre lot, in the highly sought-after Heatherwood Subdivision, already equipped with a fully insulated and heated 2-car garage. Complete with septic, water, and electric on-site, this property offers the perfect foundation for a custom build. The existing garage provides a multitude of possibilities: transform it into a luxury guest suite, private apartment, office, elegant mother-in-law cottage, or simply enjoy it as a top-tier detached garage for your vehicles and hobbies, or a workshop. With infrastructure in place, your new home project can begin without delay, saving you time and expenses. Highlights: Approx. 1-acre Homesite on a quiet street in Heatherwood Subdivision Heated & Insulated 2-Car Garage Septic, Electric, Water. Propane Already Installed Perfect for New Construction Guest Suite Potential A rare opportunity to create a stunning property with existing improvements/utilities.

11. 2026-03-18
    price $70,000 1003-char remark

    Show marketing remark (1003 chars)

    Similar to a Bardominium, bring your dream home to life on this beautifully situated approx. 1-acre lot, in the highly sought-after Heatherwood Subdivision, already equipped with a fully insulated and heated 2-car garage. Complete with septic, water, and electric on-site, this property offers the perfect foundation for a custom build. The existing garage provides a multitude of possibilities: transform it into a luxury guest suite, private apartment, office, elegant mother-in-law cottage, or simply enjoy it as a top-tier detached garage for your vehicles and hobbies, or a workshop. With infrastructure in place, your new home project can begin without delay, saving you time and expenses. Highlights: Approx. 1-acre Homesite on a quiet street in Heatherwood Subdivision Heated & Insulated 2-Car Garage Septic, Electric, Water. Propane Already Installed Perfect for New Construction Guest Suite Potential A rare opportunity to create a stunning property with existing improvements/utilities.

12. 2026-03-14
    price $78,000 1003-char remark

    Show marketing remark (1003 chars)

    Similar to a Bardominium, bring your dream home to life on this beautifully situated approx. 1-acre lot, in the highly sought-after Heatherwood Subdivision, already equipped with a fully insulated and heated 2-car garage. Complete with septic, water, and electric on-site, this property offers the perfect foundation for a custom build. The existing garage provides a multitude of possibilities: transform it into a luxury guest suite, private apartment, office, elegant mother-in-law cottage, or simply enjoy it as a top-tier detached garage for your vehicles and hobbies, or a workshop. With infrastructure in place, your new home project can begin without delay, saving you time and expenses. Highlights: Approx. 1-acre Homesite on a quiet street in Heatherwood Subdivision Heated & Insulated 2-Car Garage Septic, Electric, Water. Propane Already Installed Perfect for New Construction Guest Suite Potential A rare opportunity to create a stunning property with existing improvements/utilities.

13. 2026-03-05
    price $78,500 1003-char remark

    Show marketing remark (1003 chars)

    Similar to a Bardominium, bring your dream home to life on this beautifully situated approx. 1-acre lot, in the highly sought-after Heatherwood Subdivision, already equipped with a fully insulated and heated 2-car garage. Complete with septic, water, and electric on-site, this property offers the perfect foundation for a custom build. The existing garage provides a multitude of possibilities: transform it into a luxury guest suite, private apartment, office, elegant mother-in-law cottage, or simply enjoy it as a top-tier detached garage for your vehicles and hobbies, or a workshop. With infrastructure in place, your new home project can begin without delay, saving you time and expenses. Highlights: Approx. 1-acre Homesite on a quiet street in Heatherwood Subdivision Heated & Insulated 2-Car Garage Septic, Electric, Water. Propane Already Installed Perfect for New Construction Guest Suite Potential A rare opportunity to create a stunning property with existing improvements/utilities.

14. 2026-01-25
    listed $79,000 Active 1003-char remark

    Show marketing remark (1003 chars)

    Similar to a Bardominium, bring your dream home to life on this beautifully situated approx. 1-acre lot, in the highly sought-after Heatherwood Subdivision, already equipped with a fully insulated and heated 2-car garage. Complete with septic, water, and electric on-site, this property offers the perfect foundation for a custom build. The existing garage provides a multitude of possibilities: transform it into a luxury guest suite, private apartment, office, elegant mother-in-law cottage, or simply enjoy it as a top-tier detached garage for your vehicles and hobbies, or a workshop. With infrastructure in place, your new home project can begin without delay, saving you time and expenses. Highlights: Approx. 1-acre Homesite on a quiet street in Heatherwood Subdivision Heated & Insulated 2-Car Garage Septic, Electric, Water. Propane Already Installed Perfect for New Construction Guest Suite Potential A rare opportunity to create a stunning property with existing improvements/utilities.

ⓘ 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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 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 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,901
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$1,122
• − Repairs & maintenance: −$1,272
• − Management: −$1,272
• − Depreciation: −$1,891
• Taxable income: $5,728
• Est. tax owed @ 24.0%: −$1,375
• After-tax cash flow: $4,999/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 · 8 photos

Good 75/100 Cosmetic rehab

This property is in good condition with a fully insulated and heated 2-car garage, ready for a custom build or renovation. Landscaping and interior updates can significantly increase its value.

Value-add opportunities

• Both Landscaping — Landscaping can enhance curb appeal and increase both resale and rental value.
• Both Interior updates — Updating the interior can improve the home's aesthetic and functionality, enhancing both resale and rental value.
• Both Exterior updates — Updating the exterior can improve the home's curb appeal and increase both resale and rental value.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping — Landscaping can enhance curb appeal and increase both resale and rental value. ↑
• Both Interior updates — Updating the interior can improve the home's aesthetic and functionality, enhancing both resale and rental value. ↑
• Both Exterior updates — Updating the exterior can improve the home's curb appeal and increase both resale and rental value. ↑

ⓘ 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
• 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

-17.7% since first listed

5 events — show timeline

• 2026-05-12 Price Changed $65,000 Greater Alabama MLS
• 2026-03-18 Price Changed $70,000 Greater Alabama MLS
• 2026-03-14 Price Changed $78,000 Greater Alabama MLS
• 2026-03-05 Price Changed $78,500 Greater Alabama MLS
• 2026-01-25 Listed $79,000 Greater Alabama MLS