464 Claude Harris Dr · Mobile, AL 36608

$139,149

3 bd · 1.0 ba · 925 sqft · SingleFamily public records · 103 Days on market

Built 2012 0.49 ac lot $150/sqft · 38% above area Est $101k · 38% over

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Why this score? — see what drove the D 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 +19.9/30.0
• DSCR +6.3/10.0
• 1% rule +4.3/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity is knocking! This home is marketed using VRM, with sellers considering offers between $139,999–$149,999 making this a fantastic option for buyers ready to act quickly in today’s market. The one you’ve been waiting for! Location really is everything, and this home puts you right where you want to be...close to all the fun, food, and shopping you love. Fully renovated in 2022, this home isn’t just move-in ready, it’s ready to be your next favorite place. Sitting on nearly half an acre, the raised yet perfectly leveled lot gives you space to spread out and make the backyard your go-to spot for weekend BBQs, game nights, and laid-back afternoons in the sun. Whether you’re hosting friends or just soaking it all in, this yard is built for good times. And let’s talk upgrades. In 2022, this home got a total refresh: all new wiring, a brand new HVAC system, and a brand new roof. It’s a beautiful blend of charm and modern updates all done, all ready for you. Stylish, spacious, and perfectly placed this is more than just a house, it’s a place to make memories.

Key facts

• Fully renovated
• New wiring
• Raised lot

Tags

• FULLY RENOVATED
• RAISED LOT
• NEW WIRING
• NEW HVAC SYSTEM
• NEW ROOF

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $168 ($2k/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 $129k (7.1% below list).
• Recommended offer: $127k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 4.9% in Mobile — 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 75/100 on livability (#20 in AL, #4,262 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, employment D-.
• Mobile County (urban): math 15% / reading 39% proficiency, ranked #81 of 129 in AL (top 63%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Taylor White Elementary School (math 27% / reading 52%, grade F, #243 of 627 statewide, top 41%, 423 students, 50% FRL); Denton Magnet School of Technology (math 26% / reading 69%, grade C-, #32 of 257 statewide, top 12%, 314 students, 94% FRL); Baker High School (math 25% / reading 28%, grade F, #107 of 305 statewide, top 36%, 2,491 students, 42% FRL).
• Market conditions: Rents rising fast (+6.2%/yr); 341 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $962 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Mobile County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 103 days — a 9% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $11k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% 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 $126,625 (9.0% below list)

Questions for the listing agent

1. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 9% 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.93% ✗
• Cap rate: 7.74%
• Cash-on-cash: 5.16%
• DSCR: 1.23
• GRM: 9.0

CMA / ARV

• ARV (median comp): $100,595
• List price: $139,149
• Delta: 38.33%
• Verdict: OVERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7361 Andrew Walker Ct	0.10mi	3/1.0	900 (-3%)	22mo	$38,000	$42	73
6216 Waringwood Dr S	0.68mi	3/1.0	864 (-7%)	12mo	$40,000	$46	47

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 · 6.15% rent growth · sell at horizon

5-year hold

• IRR: -5.2%
• Equity multiple: 0.80×
• Total profit: $-7,697
• Equity at exit: $20,748

10-year hold

• IRR: 7.6%
• Equity multiple: 1.65×
• Total profit: $25,359
• Equity at exit: $12,031

Cash invested: $38,962 (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 36608

• Rents YoY: 6.2%
• Active inventory: 341
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,293 high
• Mortgage (P&I): −$730
• Tax from tax record: −$67 /mo · $799/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $168

Break-even live

Break-even rent $1,081

Max offer price $139,149

Occupancy floor 82%

Sensitivity live

Price	-10% $246	-5% $207	+0% $168	+5% $128	+10% $89
Rent	-10% $65	-5% $116	+0% $168	+5% $219	+10% $270
Rate	-1.0pp $238	-0.5pp $203	base $168	+0.5pp $131	+1.0pp $95

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: $34,787
• Closing costs: $4,174
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
176 2nd Ave Mobile, AL	3.0	1.0	1056	$895	$0.85	23d	1	0.46mi
8050 Tanner Williams Rd Mobile, AL	2.0–3.0	2.0–2.5	1028	$1,345	$1.31	23d	3	0.93mi
6725 Zeigler Blvd Mobile, AL	1.0–2.0	1.0	850	$1,282	$1.51	15d	7	1.08mi
7601 Airport Blvd Mobile, AL	2.0–4.0	2.0	1082	$1,188	$1.10	15d	5	1.11mi
1255 Amelia Ave Mobile, AL	3.0	1.0	1000	$1,400	$1.40	45d	1	1.28mi
1 Country Ln Mobile, AL	1.0–2.0	1.0	850	$1,221	$1.44	15d	10	1.30mi
101 Foreman Rd Mobile, AL	1.0–3.0	1.0–2.0	835	$1,279	$1.53	45d	9	1.32mi
6601 Old Shell Rd Unit 3 Mobile, AL	2.0	1.0	950	$975	$1.03	23d	1	1.35mi
1108 Rhett Dr Mobile, AL	3.0	1.0	864	$1,450	$1.68	45d	1	1.40mi
6807 Victor Rd Mobile, AL	3.0	1.0	1100	$1,350	$1.23	45d	1	1.41mi

Listing history 11 events

1. 2026-04-17
   price $139,149 1131-char remark

   Show marketing remark (1131 chars)

   Opportunity is knocking! This home is marketed using VRM, with sellers considering offers between $139,999–$149,999 making this a fantastic option for buyers ready to act quickly in today’s market. The one you’ve been waiting for! Location really is everything, and this home puts you right where you want to be...close to all the fun, food, and shopping you love. Fully renovated in 2022, this home isn’t just move-in ready, it’s ready to be your next favorite place. Sitting on nearly half an acre, the raised yet perfectly leveled lot gives you space to spread out and make the backyard your go-to spot for weekend BBQs, game nights, and laid-back afternoons in the sun. Whether you’re hosting friends or just soaking it all in, this yard is built for good times. And let’s talk upgrades. In 2022, this home got a total refresh: all new wiring, a brand new HVAC system, and a brand new roof. It’s a beautiful blend of charm and modern updates all done, all ready for you. Stylish, spacious, and perfectly placed this is more than just a house, it’s a place to make memories.

2. 2026-03-03
   price $140,150 1131-char remark

   Show marketing remark (1131 chars)

   Opportunity is knocking! This home is marketed using VRM, with sellers considering offers between $139,999–$149,999 making this a fantastic option for buyers ready to act quickly in today’s market. The one you’ve been waiting for! Location really is everything, and this home puts you right where you want to be...close to all the fun, food, and shopping you love. Fully renovated in 2022, this home isn’t just move-in ready, it’s ready to be your next favorite place. Sitting on nearly half an acre, the raised yet perfectly leveled lot gives you space to spread out and make the backyard your go-to spot for weekend BBQs, game nights, and laid-back afternoons in the sun. Whether you’re hosting friends or just soaking it all in, this yard is built for good times. And let’s talk upgrades. In 2022, this home got a total refresh: all new wiring, a brand new HVAC system, and a brand new roof. It’s a beautiful blend of charm and modern updates all done, all ready for you. Stylish, spacious, and perfectly placed this is more than just a house, it’s a place to make memories.

3. 2026-02-09
   listed $150,000 Active 1131-char remark

   Show marketing remark (1131 chars)

   Opportunity is knocking! This home is marketed using VRM, with sellers considering offers between $139,999–$149,999 making this a fantastic option for buyers ready to act quickly in today’s market. The one you’ve been waiting for! Location really is everything, and this home puts you right where you want to be...close to all the fun, food, and shopping you love. Fully renovated in 2022, this home isn’t just move-in ready, it’s ready to be your next favorite place. Sitting on nearly half an acre, the raised yet perfectly leveled lot gives you space to spread out and make the backyard your go-to spot for weekend BBQs, game nights, and laid-back afternoons in the sun. Whether you’re hosting friends or just soaking it all in, this yard is built for good times. And let’s talk upgrades. In 2022, this home got a total refresh: all new wiring, a brand new HVAC system, and a brand new roof. It’s a beautiful blend of charm and modern updates all done, all ready for you. Stylish, spacious, and perfectly placed this is more than just a house, it’s a place to make memories.

4. 2025-06-20
   price $160,170
5. 2023-08-14
   price $134,900
6. 2023-07-12
   price $135,140
7. 2022-11-22
   soldstatus $130,000 Closed
8. 2022-11-22
   soldstatus $130,000
9. 2022-11-03
   status Pending
10. 2022-10-24
    historical
11. 2022-08-31
    listed $125,135 Active

ⓘ 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: $799 · $67/mo
• Projected year-2 tax: $799 · $67/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 8/10 Severe 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,521
• − Mortgage interest: −$7,795
• − Property taxes: −$799
• − Insurance: −$696
• − Repairs & maintenance: −$1,242
• − Management: −$1,242
• − Depreciation: −$4,048
• Taxable loss: −$300
• Est. tax savings @ 24.0%: +$72
• After-tax cash flow: $2,082/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: Mobile County
• NCES district ID: 0102370
• Math proficiency: 15% ▼ -28.00%
• Reading proficiency: 39% ▬ 0.00%
• Median HH income: $42,455
• Composite: 22.9/100
• National rank: #8002
• State rank: #81 of 129 in AL

Livability — Mobile

• Score: 75/100
• State rank: #20
• US rank: #4262

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mobile, AL
• County: Mobile County · 246,577 people
• City population: 205,729
• Metro: Mobile, AL
• Population (ZIP): 38,890
• Household income: $61,146
• Rent vs Own: 45.8% rent · 54.2% own
• Severe rent burden: 1823.0

Population outlook (Mobile County) Hauer SSP2

• Today (2025): 415,303 people
• By 2030: 411,755 · -0.9%
• By 2040: 399,670 · -3.8%
• By 2050: 382,616 · -7.9%
• By 2075: 337,353 · -18.8%
• By 2100: 283,391 · -31.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 56% Black 35% Two or more races 4% Hispanic / Latino 4% Asian 2%
• Common ancestry: Lithuanian 3% Italian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 2% Arabic 1% Other Indo-European 1%

Political lean MEDSL · Mobile

• 2024 margin: R (+16.4) · D 41.3% · R 57.7%
• 2008→2024 swing: -7.7pp toward R · 2008: -8.7pp · 2024: -16.4pp
• All cycles: 2024: R+16.4 2020: R+11.9 2016: R+13.9 2012: R+9.3 2008: R+8.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -224.52%
• Current HPI: 198.9469
• Rent YoY: ▲ 6.15%
• Metro: Mobile, 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

+11.2% since first listed

11 events — show timeline

• 2026-04-17 Price Changed $139,149 GCMLS AL
• 2026-03-03 Price Changed $140,150 GCMLS AL
• 2026-02-09 Listed $150,000 GCMLS AL
• 2025-06-20 Price Changed $160,170 GCMLS AL
• 2023-08-14 Price Changed $134,900 GCMLS AL
• 2023-07-12 Price Changed $135,140 GCMLS AL
• 2022-11-22 Sold (Public Records) $130,000 Public Records
• 2022-11-22 Sold (MLS) $130,000 GCMLS AL
• 2022-11-03 Pending — GCMLS AL
• 2022-10-24 Delisted — GCMLS AL
• 2022-08-31 Listed $125,135 GCMLS AL

Property tax history

+12.3%/yr

Latest (2025): $799 · +0.2% YoY. Source: county tax records.