4572 Myers Rd · Prichard, AL 36613

$184,900

3 bd · 2.5 ba · 2,359 sqft · SingleFamily public records · 85 Days on market

Built 1950 0.28 ac lot $78/sqft · 24% below area Est $224k · 17% 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 +18.0/30.0
• ARV discount +15.0/15.0
• DSCR +5.6/10.0
• 1% rule +3.8/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Turnkey income property with immediate returns, an ideal opportunity to invest or live on-site while earning rental income, with the added benefit of a potential mother-in-law suite. This large 2,157 sq ft home is currently generating $2,950 per month in rental income, and has long stay tenants. It offers immediate cash flow and excellent flexibility for investors or owner-occupants. The property is set up with multiple living spaces, including a 3-bedroom main house and 2 additional units (a studio and a 1-bedroom apartment), all occupied by residents on a month-to-month basis. Buy it vacant, rent it out fully for maximum returns, or live in one space while the remaining units help cover your mortgage. Rental agreements and a history of utilities costs can be provided upon request. Recent renovations include new windows, updated kitchen cabinets, and remodeled bathrooms. Additional features include a 2.5 Ton Goodman AC and Heat system in the main house, two separate PTAC units serving the two apartments, a coin operated washer and dryer. Metal roof is approximately 3 years old, and a paved driveway was installed 4 years ago. Conveniently located near the interstate with easy access to town. Property is being sold as is, with or without rentals. Buyer to verify all information for financing. Schedule your private showing today!

Key facts

• Mother-in-law suite
• Recent renovations
• 2 additional units

Tags

• MOTHER-IN-LAW SUITE
• MULTIPLE LIVING SPACES
• 3 BEDROOM MAIN HOUSE
• 2 ADDITIONAL UNITS
• RECENT RENOVATIONS
• NEW WINDOWS

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $158 ($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 $162k (12.2% below list).
• Recommended offer: $162k (12.2% below list) — sets the bar for 1% rule.
• Cap rate 7.3% vs local median 11.4% in Prichard — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 54/100 on livability (#472 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools D-, crime F, amenities F.
• 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.
• Market conditions: 92 active listings in the ZIP; 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 $1k of loan paydown is wiped out by about $6k 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 85 days — a 6% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $104k; list at $185k implies a 79% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• 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 $162,379 (12.2% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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 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?
6. 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?
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: 0.88% ✗
• Cap rate: 7.32%
• Cash-on-cash: 3.67%
• DSCR: 1.16
• GRM: 9.5

CMA / ARV

• ARV (median comp): $223,866
• List price: $184,900
• Delta: -17.41%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3510 Brookview Dr	0.74mi	3/2.0	2,036 (-14%)	4mo	$300,000	$147	37

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: -10.6%
• Equity multiple: 0.61×
• Total profit: $-19,942
• Equity at exit: $27,569

10-year hold

• IRR: -1.3%
• Equity multiple: 0.91×
• Total profit: $-4,656
• Equity at exit: $15,987

Cash invested: $51,772 (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 36613

• Home prices YoY: -23.9%
• Active inventory: 92
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,624 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$78 /mo · $932/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $158

Break-even live

Break-even rent $1,423

Max offer price $184,900

Occupancy floor 85%

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: $46,225
• Closing costs: $5,547
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $184,900 Active 85 DOM
2. 2026-06-17
   days on market $184,900 Active 84 DOM
3. 2026-06-16
   days on market $184,900 Active 83 DOM
4. 2026-06-15
   days on market $184,900 Active 82 DOM
5. 2026-06-14
   days on market $184,900 Active 80 DOM
6. 2026-06-13
   days on market $184,900 Active 79 DOM
7. 2026-06-10
   days on market $184,900 Active 77 DOM
8. 2026-06-09
   days on market $184,900 Active 76 DOM
9. 2026-06-08
   days on market $184,900 Active 75 DOM
10. 2026-06-07
    days on market $184,900 Active 74 DOM
11. 2026-06-05
    days on market $184,900 Active 71 DOM
12. 2026-06-03
    days on market $184,900 Active 70 DOM
13. 2026-06-02
    days on market $184,900 Active 69 DOM
14. 2026-06-01
    days on market $184,900 Active 68 DOM
15. 2026-05-31
    days on market $184,900 Active 67 DOM
16. 2026-05-30
    days on market $184,900 Active 66 DOM
17. 2026-05-06
    price $184,900 1349-char remark

    Show marketing remark (1349 chars)

    Turnkey income property with immediate returns, an ideal opportunity to invest or live on-site while earning rental income, with the added benefit of a potential mother-in-law suite. This large 2,157 sq ft home is currently generating $2,950 per month in rental income, and has long stay tenants. It offers immediate cash flow and excellent flexibility for investors or owner-occupants. The property is set up with multiple living spaces, including a 3-bedroom main house and 2 additional units (a studio and a 1-bedroom apartment), all occupied by residents on a month-to-month basis. Buy it vacant, rent it out fully for maximum returns, or live in one space while the remaining units help cover your mortgage. Rental agreements and a history of utilities costs can be provided upon request. Recent renovations include new windows, updated kitchen cabinets, and remodeled bathrooms. Additional features include a 2.5 Ton Goodman AC and Heat system in the main house, two separate PTAC units serving the two apartments, a coin operated washer and dryer. Metal roof is approximately 3 years old, and a paved driveway was installed 4 years ago. Conveniently located near the interstate with easy access to town. Property is being sold as is, with or without rentals. Buyer to verify all information for financing. Schedule your private showing today!

18. 2026-04-17
    price $189,900 1349-char remark

    Show marketing remark (1349 chars)

    Turnkey income property with immediate returns, an ideal opportunity to invest or live on-site while earning rental income, with the added benefit of a potential mother-in-law suite. This large 2,157 sq ft home is currently generating $2,950 per month in rental income, and has long stay tenants. It offers immediate cash flow and excellent flexibility for investors or owner-occupants. The property is set up with multiple living spaces, including a 3-bedroom main house and 2 additional units (a studio and a 1-bedroom apartment), all occupied by residents on a month-to-month basis. Buy it vacant, rent it out fully for maximum returns, or live in one space while the remaining units help cover your mortgage. Rental agreements and a history of utilities costs can be provided upon request. Recent renovations include new windows, updated kitchen cabinets, and remodeled bathrooms. Additional features include a 2.5 Ton Goodman AC and Heat system in the main house, two separate PTAC units serving the two apartments, a coin operated washer and dryer. Metal roof is approximately 3 years old, and a paved driveway was installed 4 years ago. Conveniently located near the interstate with easy access to town. Property is being sold as is, with or without rentals. Buyer to verify all information for financing. Schedule your private showing today!

19. 2026-03-25
    listed $194,000 Active 1349-char remark

    Show marketing remark (1349 chars)

    Turnkey income property with immediate returns, an ideal opportunity to invest or live on-site while earning rental income, with the added benefit of a potential mother-in-law suite. This large 2,157 sq ft home is currently generating $2,950 per month in rental income, and has long stay tenants. It offers immediate cash flow and excellent flexibility for investors or owner-occupants. The property is set up with multiple living spaces, including a 3-bedroom main house and 2 additional units (a studio and a 1-bedroom apartment), all occupied by residents on a month-to-month basis. Buy it vacant, rent it out fully for maximum returns, or live in one space while the remaining units help cover your mortgage. Rental agreements and a history of utilities costs can be provided upon request. Recent renovations include new windows, updated kitchen cabinets, and remodeled bathrooms. Additional features include a 2.5 Ton Goodman AC and Heat system in the main house, two separate PTAC units serving the two apartments, a coin operated washer and dryer. Metal roof is approximately 3 years old, and a paved driveway was installed 4 years ago. Conveniently located near the interstate with easy access to town. Property is being sold as is, with or without rentals. Buyer to verify all information for financing. Schedule your private showing today!

20. 2026-01-15
    price $194,000
21. 2025-09-30
    price $204,000
22. 2007-09-06
    soldstatus $103,500

ⓘ 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: $932 · $78/mo
• Projected year-2 tax: $932 · $78/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 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,485
• − Mortgage interest: −$10,357
• − Property taxes: −$932
• − Insurance: −$924
• − Repairs & maintenance: −$1,559
• − Management: −$1,559
• − Depreciation: −$5,379
• Taxable loss: −$1,225
• Est. tax savings @ 24.0%: +$294
• After-tax cash flow: $2,195/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 — Prichard

• Score: 54/100
• State rank: #472
• US rank: #24080

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prichard, AL
• City population: 13,402
• Population (ZIP): 12,082

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: Majority Black (52%)
• Race & ethnicity: Black 52% White 44% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 2% Italian 2% Slovak 2%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 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: ▼ -65.49%
• Current HPI: 208.8677
• 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

+78.6% since first listed

6 events — show timeline

• 2026-05-06 Price Changed $184,900 GCMLS AL
• 2026-04-17 Price Changed $189,900 GCMLS AL
• 2026-03-25 Listed $194,000 GCMLS AL
• 2026-01-15 Price Changed $194,000 GCMLS AL
• 2025-09-30 Price Changed $204,000 GCMLS AL
• 2007-09-06 Sold (Public Records) $103,500 Public Records

Property tax history

+5.4%/yr

Latest (2025): $932 · +0.9% YoY. Source: county tax records.