1014 Barbara Dr E · Mobile, AL 36617

$39,900

3 bd · 1.0 ba · 1,040 sqft · SingleFamily public records · 6 Days on market

Built 1986 8,276 sqft lot Est $53k · 25% under ↓ 37% since listing

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Why this score? — see what drove the A- 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +7.4/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks

Great opportunity for investors! This charming 3-bedroom, 1-bath home offers approximately 1,040 sq ft of living space and is priced to move. With a little TLC, this property has strong potential as a profitable rental or flip. The home features a durable metal roof and a functional layout, making it a solid foundation for your next project. While it does need some rehab, it’s competitively priced to reflect the updates needed—leaving plenty of room for value-add and a strong return on investment. Whether you’re looking to expand your rental portfolio or secure your next quick-turn project, this property is full of potential. Don’t miss out on this affordable investm

Key facts

• Metal roof
• Functional layout
• 8,276 sq ft lot

Tags

• METAL ROOF
• FUNCTIONAL LAYOUT

Property features AI

Finance

• Other: Property located in the Jewel Downs subdivision; Land is not leasehold; Property has a view

Exterior

• Parking: Driveway; 1 parking space
• Utilities: Public sewer; No electric provider listed; No additional utilities listed
• Home design: Single Family Residence; Residential property
• Construction: Built in 1986; Asbestos and frame construction; Metal roof; Slab foundation
• Exterior features: No notable exterior features listed; No fencing

Interior

• Kitchen: Other kitchen features
• Bedrooms: 3 bedrooms
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: No central heating; Window unit(s) for cooling
• Interior features: Fireplace in family room; Other built-in interior features

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $634 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Cap rate 25.4% 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: Grant Elementary School (math 8% / reading 22%, grade F, #508 of 627 statewide, top 84%, 236 students, 98% FRL); Booker T Washington Middle School (math 0% / reading 12%, grade F, #252 of 257 statewide, top 98%, 340 students, 95% FRL); John L Leflore Magnet School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 618 students, 84% FRL) — zoned schools average 92% FRL vs 67% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 8% at this address vs 27% district-wide (-19 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: 40 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($276 loan paydown + $2k appreciation (4.8% local appreciation)).
• Mobile County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (4.8% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $25k; list at $40k implies a 60% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $39,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 2.86% ✓
• Cap rate: 25.37%
• Cash-on-cash: 68.14%
• DSCR: 4.03
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $53,040
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1014 Barbara Dr E	0.00mi	3/1.0	1,040 (0%)	1mo	$25,000	$24	99
1007 Barbara Dr	0.04mi	3/1.0	1,166 (+12%)	3mo	$60,000	$51	75
1823 Idell St	0.15mi	3/2.0	1,080 (+4%)	14mo	$148,000	$137	70
2435 St Stephens Rd	0.37mi	3/1.0	1,172 (+13%)	0mo	$107,999	$92	61
2409 Elsevier St	0.71mi	3/1.5	1,032 (-1%)	4mo	$115,000	$111	60
759 Wellington St	0.45mi	3/1.0	1,044 (+0%)	22mo	$89,900	$86	60
2502 Dubose St	0.52mi	3/1.0	1,025 (-1%)	21mo	$50,000	$49	56
2203 Rosa Dr	0.50mi	3/1.0	1,171 (+13%)	0mo	$160,500	$137	55
515 Gilbert St	0.51mi	3/1.0	1,154 (+11%)	3mo	$10,000	$9	55
818 Carleton Ave	0.49mi	2/1.0 (-1)	900 (-14%)	7mo	$17,000	$19	44
439 Zieman	0.67mi	3/1.0	888 (-15%)	17mo	$26,000	$29	30
1815 Toulmin Ave	0.71mi	3/1.5	890 (-14%)	15mo	$19,500	$22	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.78% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 74.4%
• Equity multiple: 5.40×
• Total profit: $49,105
• Equity at exit: $22,072

10-year hold

• IRR: 72.6%
• Equity multiple: 11.19×
• Total profit: $113,792
• Equity at exit: $37,655

Cash invested: $11,172 (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 36617

• Home prices YoY: 3.9%
• Active inventory: 40
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,143 high
• Mortgage (P&I): −$209
• Tax from tax record: −$43 /mo · $512/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $634

Break-even live

Break-even rent $340

Max offer price $39,900

Occupancy floor 39%

Sensitivity live

Price	-10% $657	-5% $646	+0% $634	+5% $623	+10% $612
Rent	-10% $544	-5% $589	+0% $634	+5% $679	+10% $725
Rate	-1.0pp $654	-0.5pp $644	base $634	+0.5pp $624	+1.0pp $613

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
672 Burden St Mobile, AL	3.0	1.5	1421	$1,300	$0.91	23d	1	1.13mi
708 Bond St Mobile, AL	3.0	1.0	1100	$1,350	$1.23	23d	1	1.13mi
2966 Northwest Dr Mobile, AL	3.0	1.0	792	$895	$1.13	23d	1	1.20mi
510 Schwartz St Mobile, AL	3.0	2.0	1288	$1,400	$1.09	15d	1	1.25mi
38 Flock Ave Mobile, AL	2.0	1.0	849	$795	$0.94	45d	1	1.37mi
423 Devon Dr Mobile, AL	3.0	1.0	1220	$950	$0.78	45d	1	1.39mi
2853 Josephine St Mobile, AL	2.0	1.0	780	$975	$1.25	23d	1	1.44mi
402 Havens St Mobile, AL	4.0	2.0	960	$1,350	$1.41	15d	1	1.48mi

Listing history 3 events

1. 2026-05-20
   status Active
2. 2026-04-24
   status Pending
3. 2026-04-20
   listed $39,900 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: $512 · $43/mo
• Projected year-2 tax: $512 · $43/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 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,714
• − Mortgage interest: −$2,235
• − Property taxes: −$512
• − Insurance: −$200
• − Repairs & maintenance: −$1,097
• − Management: −$1,097
• − Depreciation: −$1,161
• Taxable income: $7,413
• Est. tax owed @ 24.0%: −$1,779
• After-tax cash flow: $5,833/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
• City population: 205,729
• Population (ZIP): 11,952

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: Predominantly Black (97%)
• Race & ethnicity: Black 97% White 2%
• Foreign-born: 0%

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: ▲ 4.78%
• Current HPI: 128.8377
• 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

-37.3% since first listed

5 events — show timeline

• 2026-06-02 Sold (MLS) $25,000 GCMLS AL
• 2026-05-22 Pending — GCMLS AL
• 2026-05-20 Relisted — GCMLS AL
• 2026-04-24 Pending — GCMLS AL
• 2026-04-20 Listed $39,900 GCMLS AL

Property tax history

+11.1%/yr

Latest (2025): $512 · +0.0% YoY. Source: county tax records.