1673 Walker Ln · Moores Mill, AL 35761

$129,000

2 bd · 0.5 ba · 1,264 sqft · SingleFamily public records · 184 Days on market

Built 1995 0.33 ac lot Est $212k · 39% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• Schools +3.7/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This house its being remodeled ( all widows most of doors floor and more is replaced )and its in good shape ready for new owner to live in clean and nice house , peaceful and quiet neighborhood. there is a detached garage that can be finished as a suit for mother in law or rental that some plumbing and power line already is there.

Key facts

• 0.33 acre lot
• Built 1995
• Listed 184 days

What this means for you Summary

Snapshot

• This is a 2-bed/0.5-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $486 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $129k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 3.8% in Moores Mill — 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 66/100 on livability (#109 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F, health & safety F.
• Madison County (rural): math 27% / reading 56% proficiency, ranked #19 of 129 in AL (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Walnut Grove School (math 22% / reading 62%, grade F, #213 of 627 statewide, top 37%, 282 students, 57% FRL); Meridianville Middle School (math 19% / reading 62%, grade F, #56 of 257 statewide, top 22%, 724 students, 45% FRL); Hazel Green High School (math 23% / reading 31%, grade F, #90 of 305 statewide, top 35%, 1,348 students, 42% FRL) — zoned schools average 48% FRL vs 29% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 391 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $892 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 184 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y ago; this cycle's ask has dropped $71k (35%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $93k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 184 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.26% ✓
• Cap rate: 10.81%
• Cash-on-cash: 16.14%
• DSCR: 1.72
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $212,352
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1673 Walker Ln	0.00mi	2/2.0	1,248 (-1%)	0mo	$120,000	$96	92
853 Charley Patterson Rd	0.74mi	2/2.0	1,193 (-6%)	1mo	$200,000	$168	49

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: 7.1%
• Equity multiple: 1.28×
• Total profit: $10,000
• Equity at exit: $19,234

10-year hold

• IRR: 16.4%
• Equity multiple: 2.34×
• Total profit: $48,405
• Equity at exit: $11,154

Cash invested: $36,120 (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 35761

• Home prices YoY: -9.3%
• Active inventory: 391
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,622 medium
• Mortgage (P&I): −$676
• Tax from tax record: −$65 /mo · $781/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $486

Break-even live

Break-even rent $1,007

Max offer price $129,000

Occupancy floor 65%

Sensitivity live

Price	-10% $559	-5% $522	+0% $486	+5% $449	+10% $413
Rent	-10% $358	-5% $422	+0% $486	+5% $550	+10% $614
Rate	-1.0pp $551	-0.5pp $519	base $486	+0.5pp $452	+1.0pp $418

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
113 Saylor Rose Dr New Market, AL	3.0	2.0	1620	$1,739	$1.07	44d	1	1.21mi
110b Kaliegh Paige Cir Unit 110 B New Market, AL	2.0	2.0	888	$1,295	$1.46	44d	1	1.40mi

Listing history 15 events

1. 2026-04-24
   status Pending
2. 2026-04-22
   historical Contingent
3. 2026-04-13
   status Active
4. 2026-03-18
   status Active
5. 2026-03-10
   historical Contingent
6. 2026-02-16
   status Active
7. 2026-02-10
   status Pending
8. 2026-02-06
   historical Contingent
9. 2026-02-02
   price $129,000
10. 2025-12-10
    price $179,900
11. 2025-10-13
    listed $199,900 Active
12. 2019-07-23
    soldstatus $93,000 Sold 332-char remark

    Show marketing remark (332 chars)

    This house its being remodeled ( all widows most of doors floor and more is replaced )and its in good shape ready for new owner to live in clean and nice house , peaceful and quiet neighborhood. there is a detached garage that can be finished as a suit for mother in law or rental that some plumbing and power line already is there.

13. 2019-06-17
    status Pending 332-char remark

    Show marketing remark (332 chars)

    This house its being remodeled ( all widows most of doors floor and more is replaced )and its in good shape ready for new owner to live in clean and nice house , peaceful and quiet neighborhood. there is a detached garage that can be finished as a suit for mother in law or rental that some plumbing and power line already is there.

14. 2019-06-04
    listed $89,000 Active 332-char remark

    Show marketing remark (332 chars)

    This house its being remodeled ( all widows most of doors floor and more is replaced )and its in good shape ready for new owner to live in clean and nice house , peaceful and quiet neighborhood. there is a detached garage that can be finished as a suit for mother in law or rental that some plumbing and power line already is there.

15. 2018-05-04
    soldstatus $44,500

ⓘ 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: $781 · $65/mo
• Projected year-2 tax: $781 · $65/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 5/10 Major 6 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 13% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,460
• − Mortgage interest: −$7,226
• − Property taxes: −$781
• − Insurance: −$645
• − Repairs & maintenance: −$1,557
• − Management: −$1,557
• − Depreciation: −$3,753
• Taxable income: $3,941
• Est. tax owed @ 24.0%: −$946
• After-tax cash flow: $4,883/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: Madison County
• NCES district ID: 0102220
• Math proficiency: 27% ▼ -32.00%
• Reading proficiency: 56% ▼ -1.00%
• Median HH income: $66,058
• Composite: 37.15/100
• National rank: #4483
• State rank: #19 of 129 in AL

Livability — Moores Mill

• Score: 66/100
• State rank: #109
• US rank: #11986

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Madison County · 380,832 people
• Metro: Huntsville, AL
• Population (ZIP): 13,557
• Household income: $79,440
• Rent vs Own: 17.5% rent · 82.5% own
• Severe rent burden: 220.0

Population outlook (Madison County) Hauer SSP2

• Today (2025): 392,086 people
• By 2030: 409,788 · +4.5%
• By 2040: 440,557 · +12.4%
• By 2050: 460,990 · +17.6%
• By 2075: 502,872 · +28.3%
• By 2100: 513,623 · +31.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 15% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Italian 3% Serbian 2% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Madison

• 2024 margin: Lean R (+9.0) · D 44.7% · R 53.7% · Other 1.6%
• 2008→2024 swing: +6.0pp toward D · 2008: -14.9pp · 2024: -9.0pp
• All cycles: 2024: R+9.0 2020: R+8.0 2016: R+16.8 2012: R+18.7 2008: R+14.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -26.88%
• Current HPI: 261.8281
• Rent YoY: —
• Metro: Huntsville, 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

+189.9% since first listed

15 events — show timeline

• 2026-04-24 Pending — VMLS
• 2026-04-22 Contingent — VMLS
• 2026-04-13 Relisted — VMLS
• 2026-03-18 Relisted — VMLS
• 2026-03-10 Contingent — VMLS
• 2026-02-16 Relisted — VMLS
• 2026-02-10 Pending — VMLS
• 2026-02-06 Contingent — VMLS
• 2026-02-02 Price Changed $129,000 VMLS
• 2025-12-10 Price Changed $179,900 VMLS
• 2025-10-13 Listed $199,900 VMLS
• 2019-07-23 Sold (MLS) $93,000 VMLS
• 2019-06-17 Pending — VMLS
• 2019-06-04 Listed $89,000 VMLS
• 2018-05-04 Sold (Public Records) $44,500 Public Records

Property tax history

+15.4%/yr

Latest (2024): $781 · +7.3% YoY. Source: county tax records.