11 Hannon Ave · Mobile, AL 36604

$170,000

3 bd · 2.0 ba · 1,745 sqft · SingleFamily public records · 13 Days on market

Built 1989 8,097 sqft lot Est $319k · 47% 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 +25.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +6.1/10.0
• Livability +3.8/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

A Diamond in the Rough — Ready for the Right Vision Nestled in the Dauphin Place subdivision, this all-brick Craftsman-style home at 11 Hannon Avenue is a rare opportunity for a visionary buyer ready to restore a piece of Mobile's architectural heritage. The bones of this home tell a story. Soaring high ceilings, graceful arched doorways, and ornamental Victorian-style fireplaces add to the home's timeless Craftsman appeal. This home offers both comfort and convenience. Don’t miss this opportunity to own a piece of Mobile exciting future! Alabama Right of Redemption Laws may apply. The U. S. Dept. of Housing and Urban Development- HUD owns the property. HUD Case# 011-557594. In

Key facts

• Craftsman style home
• Arched doorways
• High ceilings

Tags

• CRAFTSMAN STYLE HOME
• DAUPHIN PLACE SUBDIVISION
• HIGH CEILINGS
• ARCHED DOORWAYS

Property features AI

Finance

• Other: No land lease; No pool or spa; No other structures on property
• HOA & community: Annual association fee

Exterior

• Parking: Driveway with level access; Parking for 2 vehicles
• Utilities: Public sewer; Cable available; Phone available; Underground utilities; Electric service: not specified
• Home design: Single-family residential; Brick 4-sides construction
• Construction: Brick exterior on all sides; Slab foundation; Composition roof
• Exterior features: Awnings; No fencing; Neighborhood view

Interior

• Kitchen: Stained cabinets; Country kitchen layout; Open view to family room
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Two-story entrance foyer; Decorative fireplace; Great room and separate dining room; Country-style kitchen with stained cabinets and view to family room; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $368 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Cap rate 8.9% 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: Dr Robert W Gilliard Elementary (math 8% / reading 23%, grade F, #503 of 627 statewide, top 80%, 780 students, 94% FRL); Ben C Rain High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 589 students, 90% 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 9% at this address vs 27% district-wide (-18 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+3.8%/yr); 93 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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).
• This rent runs 34% of the median local income ($66k/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.
• Mobile County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

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 $170,000

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: 1.11% ✓
• Cap rate: 8.89%
• Cash-on-cash: 9.28%
• DSCR: 1.41
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $319,335
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
66 Houston St	0.23mi	3/2.0	1,820 (+4%)	3mo	$355,000	$195	80
1747 Hunter Ave	0.47mi	3/2.0	1,788 (+2%)	0mo	$357,000	$200	74
1461 Brown St	0.45mi	3/2.0	1,675 (-4%)	2mo	$260,000	$155	71
123 Macy Pl	0.34mi	3/2.5	1,861 (+7%)	1mo	$375,000	$202	70
12 Carlen St S	0.32mi	3/2.0	1,604 (-8%)	2mo	$280,000	$175	70
1657 Dauphin St	0.14mi	2/2.0 (-1)	1,509 (-14%)	2mo	$375,000	$249	64
2103 Upham Pl	0.66mi	3/2.0	1,667 (-4%)	2mo	$289,750	$174	60
1367 Brown St	0.62mi	2/2.0 (-1)	1,700 (-3%)	3mo	$293,000	$172	59
271 Park Ter	0.62mi	2/2.5 (-1)	1,710 (-2%)	3mo	$289,500	$169	58
136 Florence Pl	0.64mi	3/2.0	1,910 (+10%)	0mo	$350,000	$183	54
1561 Bruister St	0.39mi	2/2.0 (-1)	1,504 (-14%)	3mo	$330,000	$219	51
109 Mohawk St	0.74mi	3/2.0	1,544 (-12%)	3mo	$245,000	$159	44

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 · 3.78% rent growth · sell at horizon

5-year hold

• IRR: -1.4%
• Equity multiple: 0.94×
• Total profit: $-2,621
• Equity at exit: $25,348

10-year hold

• IRR: 9.0%
• Equity multiple: 1.72×
• Total profit: $34,091
• Equity at exit: $14,698

Cash invested: $47,600 (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 36604

• Rents YoY: 3.8%
• Active inventory: 93
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,883 high
• Mortgage (P&I): −$891
• Tax from tax record: −$157 /mo · $1,888/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $368

Break-even live

Break-even rent $1,417

Max offer price $170,000

Occupancy floor 75%

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1704 McGill Ave Unit B Mobile, AL	3.0	2.5	1500	$1,750	$1.17	43d	1	0.15mi
1660 Laurel St Mobile, AL	3.0	2.0	1768	$2,200	$1.24	13d	1	0.30mi
1566 Dauphin St Unit Back Carriage House Mobile, AL	3.0	1.0	1300	$1,200	$0.92	43d	1	0.31mi
107 Macy Pl Mobile, AL	3.0	2.0	1800	$2,250	$1.25	43d	1	0.32mi
129 Shell Road Pl Unit 1043713P Mobile, AL	4.0	2.0	1496	$3,389	$2.27	20d	1	0.33mi
122 Demouy Ave Unit 1/2 Mobile, AL	2.0	1.0	1300	$1,530	$1.18	43d	1	0.41mi
84 S Lafayette St Unit 1043577P Mobile, AL	3.0	2.0	1496	$3,116	$2.08	13d	1	0.57mi
182 Williams St Unit 1043570P Mobile, AL	3.0	1.0	1399	$2,476	$1.77	13d	1	0.67mi
305 Indian Creek Dr E Unit 1043809P Mobile, AL	3.0	2.5	1496	$3,985	$2.66	13d	1	0.68mi
209 S Fulton St Mobile, AL	2.0	1.5	1255	$1,750	$1.39	20d	1	0.72mi
186 Stanton Rd Mobile, AL	1.0–3.0	1.0–2.5	1263	$2,450	$1.94	43d	1	0.73mi
1417 Monroe St Mobile, AL	2.0	1.0	1064	$1,350	$1.27	43d	1	0.79mi
1321 SpringHill Ave Unit B Mobile, AL	2.0	1.0	2006	$950	$0.47	43d	1	0.88mi
57 N Ann St Unit 1043453P Mobile, AL	2.0	2.0	1065	$2,015	$1.89	20d	1	0.88mi
1141 Montauk Ave Unit 1043864P Mobile, AL	3.0	2.0	1420	$2,741	$1.93	13d	1	0.95mi
107 Michael Donald Ave Unit 1043461P Mobile, AL	4.0	3.5	2195	$3,962	$1.81	13d	1	1.02mi
107 Grand Blvd Mobile, AL	2.0	2.0	1200	$1,295	$1.08	20d	1	1.06mi
561 Dauphin Island Pkwy Mobile, AL	4.0	2.0	1389	$1,050	$0.76	43d	1	1.11mi
2507 Taylor Ave Mobile, AL	3.0	1.0	1230	$1,495	$1.22	13d	1	1.18mi
611 Dauphin Island Pkwy Mobile, AL	3.0	2.0	1450	$1,300	$0.90	43d	1	1.19mi
562 Clarke St Mobile, AL	2.0	1.0	1061	$1,025	$0.97	43d	1	1.23mi
423 Devon Dr Mobile, AL	3.0	1.0	1220	$950	$0.78	43d	1	1.31mi
200 S Florida St Unit 101 Mobile, AL	2.0	2.0	1150	$1,375	$1.20	20d	1	1.35mi
706 Cherokee St Mobile, AL	3.0	1.0	1260	$1,375	$1.09	20d	1	1.37mi
615 Mohawk St Mobile, AL	3.0	1.0	1172	$1,500	$1.28	43d	1	1.37mi
961 Old Shell Rd Unit A Mobile, AL	3.0	2.5	1600	$1,295	$0.81	43d	1	1.38mi
618 Clarke St Mobile, AL	3.0	1.0	1427	$1,200	$0.84	43d	1	1.39mi
510 Schwartz St Mobile, AL	3.0	2.0	1288	$1,400	$1.09	13d	1	1.40mi
412 Pinehill Dr Mobile, AL	2.0	2.0	2000	$2,450	$1.23	13d	1	1.41mi

Listing history 11 events

1. 2026-06-18
   days on market $170,000 Active 13 DOM
2. 2026-06-17
   days on market $170,000 Active 12 DOM
3. 2026-06-16
   days on market $170,000 Active 11 DOM
4. 2026-06-15
   days on market $170,000 Active 10 DOM
5. 2026-06-14
   days on market $170,000 Active 8 DOM
6. 2026-06-13
   days on market $170,000 Active 7 DOM
7. 2026-06-10
   days on market $170,000 Active 5 DOM
8. 2026-06-09
   days on market $170,000 Active 4 DOM
9. 2026-06-08
   days on market $170,000 Active 3 DOM
10. 2026-06-07
    remarks 687-char remark
11. 2026-06-07
    listed $170,000 Active 2 DOM

ⓘ 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: $1,888 · $157/mo
• Projected year-2 tax: $1,888 · $157/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 10/10 Extreme 7 d/yr ≥105°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: $22,599
• − Mortgage interest: −$9,523
• − Property taxes: −$1,888
• − Insurance: −$850
• − Repairs & maintenance: −$1,808
• − Management: −$1,808
• − Depreciation: −$4,945
• Taxable income: $1,777
• Est. tax owed @ 24.0%: −$426
• After-tax cash flow: $3,990/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): 8,836
• Household income: $66,357
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 452.0

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 51% Black 42% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 4% Serbian 2% Slovak 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -143.27%
• Current HPI: 205.7241
• Rent YoY: ▲ 3.78%
• 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

1 event — show timeline

• 2026-06-05 Listed $170,000 GCMLS AL

Property tax history

-2.6%/yr

Latest (2025): $1,888 · +5.2% YoY. Source: county tax records.