3585 N Highway 195 · Jasper, AL 35503

$74,000

3 bd · 2.0 ba · 1,280 sqft · SingleFamily · 204 Days on market

Built 2017 0.25 ac lot

---

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
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

GREAT INVESTMENT PROPERTY, currently rented to a long-term tenant, paying $850/month. Fully renovated mobile home with covered porch, privacy fenced yard, storage building, and carport. Conveniently located, just minutes from everything. Appraised above the asking price for instant equity, this is also a great buy for a first-time home, and it is suitable for FHA financing.

Key facts

• Covered porch
• Storage building
• Carport

Tags

• FULLY RENOVATED MOBILE HOME
• COVERED PORCH
• PRIVACY FENCED YARD
• STORAGE BUILDING
• CARPORT
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Lot size approximately 0.25 acre; Located in the Abalon subdivision; Flood plain: no
• Financial info: Down payment assistance available
• HOA & community: Garbage fee of $55 billed quarterly

Exterior

• Parking: Driveway parking; One carport space
• Security: No security features listed
• Utilities: Public water; Septic system; Electric water heater; Internet service available
• Home design: Existing property; Not waterfront; No pool; No patio
• Construction: Siding (other); Crawl space foundation; Decks present
• Exterior features: Fenced yard; Covered deck

Interior

• Kitchen: Laminate countertops; Dishwasher (built-in); Built-in microwave; Electric oven; Electric stove
• Bedrooms: Master bedroom on main level; Additional bedrooms on main level; Walk-in closets
• Flooring: Hardwood and laminate floors
• Bathrooms: Two full bathrooms; Master bath on main level; Tub/shower combo
• Heating & cooling: Heat pump for heating and cooling
• Interior features: Ceilings: other (see remarks); No additional interior features listed
• Laundry & utility: Laundry on main level; Washer hookup provided; Electric dryer hookup

🏷️ Possibly a rental listed for sale. The $74,000 price doesn't fit this home's estimated sale value (~$215,040) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $74k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $74k).
• Recommended offer: $65k (12.0% below list) — sets the bar for market timing.
• Cap rate 25.1% 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.
• Walker County (rural): math 13% / reading 39% proficiency, ranked #89 of 129 in AL (top 69%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Curry Elementary School (math 12% / reading 57%, grade F, #296 of 627 statewide, top 49%, 547 students, 64% FRL); Curry High School (math 12% / reading 22%, grade F, #195 of 305 statewide, top 68%, 368 students, 58% FRL).
• Market conditions: 109 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 $512 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 $21k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 204 days — a 12% lower offer ($65k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $16k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $65,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 204 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 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?
5. 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?
6. 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.
7. 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.
8. 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: 2.85% ✓
• Cap rate: 25.06%
• Cash-on-cash: 67.03%
• DSCR: 3.98
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $215,040
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
368 Country Club Rd	0.26mi	3/2.0	1,334 (+4%)	2mo	$225,000	$169	79
1206 Shady Ln	0.55mi	3/1.5	1,324 (+3%)	14mo	$186,000	$140	55
1110 Brakefield Dairy Rd	0.60mi	3/2.0	1,400 (+9%)	12mo	$214,000	$153	46
314 Crescent Cir	0.67mi	3/2.0	1,400 (+9%)	12mo	$235,000	$168	43

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: 66.4%
• Equity multiple: 3.98×
• Total profit: $61,752
• Equity at exit: $11,034

10-year hold

• IRR: 70.6%
• Equity multiple: 8.18×
• Total profit: $148,817
• Equity at exit: $6,398

Cash invested: $20,720 (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 35503

• Home prices YoY: -26.8%
• Active inventory: 109
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $2,112 medium
• Mortgage (P&I): −$388
• Tax est. 1.5%: −$92 /mo · $1,110/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$444
• Net cashflow: $1,157

Break-even live

Break-even rent $647

Max offer price $74,000

Occupancy floor 40%

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: $18,500
• Closing costs: $2,220
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-05-07
   status Pending
2. 2026-04-07
   historical Contingent
3. 2026-03-18
   price $74,000
4. 2026-02-26
   price $75,000
5. 2025-12-18
   price $80,000
6. 2025-11-14
   price $85,000
7. 2025-10-15
   listed $90,000 Active
8. 2024-12-05
   listed $150,000 Active
9. 2023-11-12
   historical $1,100
10. 2023-11-10
    price $1,100
11. 2023-11-04
    listed $1,200

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

Taxation est. · year 1

• Rental income: $25,348
• − Mortgage interest: −$4,145
• − Property taxes: −$1,110
• − Insurance: −$370
• − Repairs & maintenance: −$2,028
• − Management: −$2,028
• − Depreciation: −$2,153
• Taxable income: $13,514
• Est. tax owed @ 24.0%: −$3,243
• After-tax cash flow: $10,645/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: Walker County
• NCES district ID: 0103450
• Math proficiency: 13% ▼ -28.00%
• Reading proficiency: 39% ▼ -5.00%
• Median HH income: $36,664
• Composite: 21.51/100
• National rank: #8321
• State rank: #89 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

• City population: 9,927
• Population (ZIP): 9,601

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 (94%)
• Race & ethnicity: White 94% Two or more races 2% Black 1% Hispanic / Latino 1%
• Common ancestry: Slovak 2% Iranian 1% Scotch-Irish 1%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 1%

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: ▼ -63.26%
• Current HPI: 172.9286
• 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

+6066.7% since first listed

11 events — show timeline

• 2026-05-07 Pending — Greater Alabama MLS
• 2026-04-07 Contingent — Greater Alabama MLS
• 2026-03-18 Price Changed $74,000 Greater Alabama MLS
• 2026-02-26 Price Changed $75,000 Greater Alabama MLS
• 2025-12-18 Price Changed $80,000 Greater Alabama MLS
• 2025-11-14 Price Changed $85,000 Greater Alabama MLS
• 2025-10-15 Listed $90,000 Greater Alabama MLS
• 2024-12-05 Listed $150,000 Walker County Area MLS
• 2023-11-12 Rental Removed $1,100 Avail
• 2023-11-10 Price Changed $1,100 Avail
• 2023-11-04 Listed for Rent $1,200 Avail