2612 Walker St · Fultondale, AL 35068

$179,000

3 bd · 1.0 ba · 1,810 sqft · SingleFamily public records · 78 Days on market

Built 1954 1.17 ac lot $99/sqft · 15% below area Est $209k · 15% 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 +23.6/30.0
• ARV discount +14.0/15.0
• DSCR +7.6/10.0
• 1% rule +5.7/10.0
• 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

This charming home is situated on a beautiful, expansive corner lot. Located in Fultondale, it offers easy access to the interstate, shopping centers, restaurants, and essential services. Inside, discover warm hardwood floors, a comfortable living area with a fireplace, a primary bedroom with an ensuite, and stylish finishes. The sizable deck is perfect for outdoor summer gatherings. The property boasts a large open yard with a workshop/storage structure and space for gardening, recreation, or simply unwinding and enjoying the scenery. This is an excellent opportunity for buyers seeking a ready-to-move-in home with land, character, and an appealing lifestyle, all while maintaining convenience. Arrange your viewing today!

Key facts

• Large open yard
• Space for gardening
• Sizable deck

Tags

• CORNER LOT
• EASY ACCESS TO INTERSTATE
• SIZABLE DECK
• LARGE OPEN YARD
• WORKSHOP STORAGE STRUCTURE
• SPACE FOR GARDENING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $338 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $168k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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+, schools F, amenities 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.
• Market conditions: 105 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 2d 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 $5k 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 78 days — a 6% lower offer ($168k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago; this cycle's ask has dropped $25k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• 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 $168,260 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — 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: 1.07% ✓
• Cap rate: 8.56%
• Cash-on-cash: 8.08%
• DSCR: 1.36
• GRM: 7.8

CMA / ARV

• ARV (median comp): $209,427
• List price: $179,000
• Delta: -14.53%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3026 Forest Dr	0.41mi	3/2.0	1,764 (-2%)	8mo	$226,000	$128	67
423 W Park Dr	0.46mi	3/2.5	1,794 (-1%)	10mo	$300,000	$167	62
1830 Hickory Ln	0.41mi	4/2.0 (+1)	1,793 (-1%)	14mo	$210,000	$117	59
3029 Burkwood Rd	0.40mi	3/2.0	1,643 (-9%)	8mo	$212,000	$129	55
2110 Sun Cir	0.57mi	3/2.0	1,961 (+8%)	1mo	$155,000	$79	55
1824 Elkwood Dr	0.38mi	3/2.0	1,958 (+8%)	19mo	$235,000	$120	49
3035 Kathy Ln	0.47mi	3/2.0	1,664 (-8%)	15mo	$242,800	$146	48
544 Enclave Cir	0.64mi	3/2.0	1,952 (+8%)	7mo	$277,500	$142	47
3026 Briscoe Cir	0.39mi	3/2.0	1,622 (-10%)	19mo	$240,000	$148	45
394 W Park Dr	0.43mi	3/3.5	1,923 (+6%)	18mo	$345,000	$179	44
2312 Mcel Ave	0.68mi	3/1.0	1,571 (-13%)	6mo	$185,000	$118	41
523 Enclave Cir	0.68mi	3/2.0	1,587 (-12%)	3mo	$235,000	$148	41

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: -4.0%
• Equity multiple: 0.85×
• Total profit: $-7,509
• Equity at exit: $26,689

10-year hold

• IRR: 5.7%
• Equity multiple: 1.42×
• Total profit: $21,128
• Equity at exit: $15,477

Cash invested: $50,120 (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 35068

• Home prices YoY: -9.4%
• Active inventory: 105
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,924 high
• Mortgage (P&I): −$939
• Tax from tax record: −$169 /mo · $2,025/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $338

Break-even live

Break-even rent $1,496

Max offer price $179,000

Occupancy floor 77%

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
383 W Park Dr Fultondale, AL	3.0	2.0	1450	$1,786	$1.23	1d	1	0.50mi
465 W Park Dr Fultondale, AL	4.0	2.5	2159	$2,146	$0.99	16d	1	0.51mi
3143 Enclave Ln Fultondale, AL	3.0	2.0	1424	$1,950	$1.37	19d	1	0.72mi
2938 Summit Dr Fultondale, AL	4.0	2.0	1956	$2,200	$1.12	1d	1	0.94mi
2931 Summit Dr Fultondale, AL	3.0	2.0	1327	$1,900	$1.43	2d	1	0.97mi
2025 Rockwood Ln Fultondale, AL	3.0	2.0	1919	$1,890	$0.98	1d	1	1.11mi

Listing history 31 events

1. 2026-06-19
   price $179,000 Active 78 DOM
2. 2026-06-18
   days on market $189,000 Active 78 DOM
3. 2026-06-17
   days on market $189,000 Active 77 DOM
4. 2026-06-16
   days on market $189,000 Active 76 DOM
5. 2026-06-15
   days on market $189,000 Active 75 DOM
6. 2026-06-13
   days on market $189,000 Active 73 DOM
7. 2026-06-10
   days on market $189,000 Active 70 DOM
8. 2026-06-09
   days on market $189,000 Active 69 DOM
9. 2026-06-08
   days on market $189,000 Active 68 DOM
10. 2026-06-07
    days on market $189,000 Active 67 DOM
11. 2026-06-03
    days on market $189,000 Active 63 DOM
12. 2026-06-02
    days on market $189,000 Active 62 DOM
13. 2026-06-01
    days on market $189,000 Active 61 DOM
14. 2026-05-31
    days on market $189,000 Active 60 DOM
15. 2026-04-14
    status Active 730-char remark

    Show marketing remark (730 chars)

    This charming home is situated on a beautiful, expansive corner lot. Located in Fultondale, it offers easy access to the interstate, shopping centers, restaurants, and essential services. Inside, discover warm hardwood floors, a comfortable living area with a fireplace, a primary bedroom with an ensuite, and stylish finishes. The sizable deck is perfect for outdoor summer gatherings. The property boasts a large open yard with a workshop/storage structure and space for gardening, recreation, or simply unwinding and enjoying the scenery. This is an excellent opportunity for buyers seeking a ready-to-move-in home with land, character, and an appealing lifestyle, all while maintaining convenience. Arrange your viewing today!

16. 2026-03-06
    historical 730-char remark

    Show marketing remark (730 chars)

    This charming home is situated on a beautiful, expansive corner lot. Located in Fultondale, it offers easy access to the interstate, shopping centers, restaurants, and essential services. Inside, discover warm hardwood floors, a comfortable living area with a fireplace, a primary bedroom with an ensuite, and stylish finishes. The sizable deck is perfect for outdoor summer gatherings. The property boasts a large open yard with a workshop/storage structure and space for gardening, recreation, or simply unwinding and enjoying the scenery. This is an excellent opportunity for buyers seeking a ready-to-move-in home with land, character, and an appealing lifestyle, all while maintaining convenience. Arrange your viewing today!

17. 2026-02-24
    status Active 730-char remark

    Show marketing remark (730 chars)

    This charming home is situated on a beautiful, expansive corner lot. Located in Fultondale, it offers easy access to the interstate, shopping centers, restaurants, and essential services. Inside, discover warm hardwood floors, a comfortable living area with a fireplace, a primary bedroom with an ensuite, and stylish finishes. The sizable deck is perfect for outdoor summer gatherings. The property boasts a large open yard with a workshop/storage structure and space for gardening, recreation, or simply unwinding and enjoying the scenery. This is an excellent opportunity for buyers seeking a ready-to-move-in home with land, character, and an appealing lifestyle, all while maintaining convenience. Arrange your viewing today!

18. 2026-02-19
    historical 730-char remark

    Show marketing remark (730 chars)

    This charming home is situated on a beautiful, expansive corner lot. Located in Fultondale, it offers easy access to the interstate, shopping centers, restaurants, and essential services. Inside, discover warm hardwood floors, a comfortable living area with a fireplace, a primary bedroom with an ensuite, and stylish finishes. The sizable deck is perfect for outdoor summer gatherings. The property boasts a large open yard with a workshop/storage structure and space for gardening, recreation, or simply unwinding and enjoying the scenery. This is an excellent opportunity for buyers seeking a ready-to-move-in home with land, character, and an appealing lifestyle, all while maintaining convenience. Arrange your viewing today!

19. 2026-02-15
    listed $204,000 Active 730-char remark

    Show marketing remark (730 chars)

    This charming home is situated on a beautiful, expansive corner lot. Located in Fultondale, it offers easy access to the interstate, shopping centers, restaurants, and essential services. Inside, discover warm hardwood floors, a comfortable living area with a fireplace, a primary bedroom with an ensuite, and stylish finishes. The sizable deck is perfect for outdoor summer gatherings. The property boasts a large open yard with a workshop/storage structure and space for gardening, recreation, or simply unwinding and enjoying the scenery. This is an excellent opportunity for buyers seeking a ready-to-move-in home with land, character, and an appealing lifestyle, all while maintaining convenience. Arrange your viewing today!

20. 2023-01-13
    soldstatus $168,000
21. 2023-01-11
    soldstatus $168,000 Sold 335-char remark

    Show marketing remark (335 chars)

    Charming 3 bedroom, 2 bath home with new paint and flooring throughout, updated kitchen with granite countertops and stainless appliances (to be installed prior to closing), en-suite main bedroom and updated baths. Covered front porch and open deck overlooking over an acre flat lot with workshop building. Renovated and move in ready!

22. 2022-12-14
    historical Contingent 335-char remark

    Show marketing remark (335 chars)

    Charming 3 bedroom, 2 bath home with new paint and flooring throughout, updated kitchen with granite countertops and stainless appliances (to be installed prior to closing), en-suite main bedroom and updated baths. Covered front porch and open deck overlooking over an acre flat lot with workshop building. Renovated and move in ready!

23. 2022-12-03
    price $169,000 335-char remark

    Show marketing remark (335 chars)

    Charming 3 bedroom, 2 bath home with new paint and flooring throughout, updated kitchen with granite countertops and stainless appliances (to be installed prior to closing), en-suite main bedroom and updated baths. Covered front porch and open deck overlooking over an acre flat lot with workshop building. Renovated and move in ready!

24. 2022-11-22
    price $175,000 335-char remark

    Show marketing remark (335 chars)

    Charming 3 bedroom, 2 bath home with new paint and flooring throughout, updated kitchen with granite countertops and stainless appliances (to be installed prior to closing), en-suite main bedroom and updated baths. Covered front porch and open deck overlooking over an acre flat lot with workshop building. Renovated and move in ready!

25. 2022-11-10
    price $184,500 335-char remark

    Show marketing remark (335 chars)

    Charming 3 bedroom, 2 bath home with new paint and flooring throughout, updated kitchen with granite countertops and stainless appliances (to be installed prior to closing), en-suite main bedroom and updated baths. Covered front porch and open deck overlooking over an acre flat lot with workshop building. Renovated and move in ready!

26. 2022-10-26
    listed $200,000 Active 335-char remark

    Show marketing remark (335 chars)

    Charming 3 bedroom, 2 bath home with new paint and flooring throughout, updated kitchen with granite countertops and stainless appliances (to be installed prior to closing), en-suite main bedroom and updated baths. Covered front porch and open deck overlooking over an acre flat lot with workshop building. Renovated and move in ready!

27. 2022-09-19
    soldstatus $132,000
28. 2022-08-31
    soldstatus $132,000 Sold
29. 2022-08-20
    status Pending
30. 2022-08-17
    listed $130,000 Active
31. 2017-10-11
    soldstatus $92,500

ⓘ 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: $2,025 · $169/mo
• Projected year-2 tax: $2,025 · $169/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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥107°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: $23,083
• − Mortgage interest: −$10,027
• − Property taxes: −$2,025
• − Insurance: −$895
• − Repairs & maintenance: −$1,847
• − Management: −$1,847
• − Depreciation: −$5,207
• Taxable income: $1,236
• Est. tax owed @ 24.0%: −$297
• After-tax cash flow: $3,755/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

+120.5% since first listed

17 events — show timeline

• 2026-04-14 Relisted — Greater Alabama MLS
• 2026-03-06 Delisted — Greater Alabama MLS
• 2026-02-24 Relisted — Greater Alabama MLS
• 2026-02-19 Delisted — Greater Alabama MLS
• 2026-02-15 Listed $204,000 Greater Alabama MLS
• 2023-01-13 Sold (Public Records) $168,000 Public Records
• 2023-01-11 Sold (MLS) $168,000 Greater Alabama MLS
• 2022-12-14 Contingent — Greater Alabama MLS
• 2022-12-03 Price Changed $169,000 Greater Alabama MLS
• 2022-11-22 Price Changed $175,000 Greater Alabama MLS
• 2022-11-10 Price Changed $184,500 Greater Alabama MLS
• 2022-10-26 Listed $200,000 Greater Alabama MLS
• 2022-09-19 Sold (Public Records) $132,000 Public Records
• 2022-08-31 Sold (MLS) $132,000 Greater Alabama MLS
• 2022-08-20 Pending — Greater Alabama MLS
• 2022-08-17 Listed $130,000 Greater Alabama MLS
• 2017-10-11 Sold (Public Records) $92,500 Public Records

Property tax history

+19.6%/yr

Latest (2025): $2,025 · +1.2% YoY. Source: county tax records.