7016 Britonburg Dr · Mobile, AL 36608

$115,000

3 bd · 2.0 ba · 1,263 sqft · SingleFamily public records · 14 Days on market

Built 1980 0.27 ac lot Est $184k · 38% under ↓ 18% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your new home - This 3 bedroom 2 bath brick home, is sure to make your dreams come true. As walk up to the home’s exterior, you will notice a garage in the back that has been enclosed with full electricity that can be used as a workout space or handyman workshop. As you walk in, you will see this home's interior sports a huge open living room with a fireplace and ceramic tile floors laid in a designer pattern throughout. The home has dark stained doors and interior baseboards and trim which accent the wall color. Going out back again you will notice also a covered porch area. Listing agent makes no representations to the accuracy of the square footage taken from tax records. Buyer or buyer's agent to verify. Don’t miss out on this home in West Mobile schedule an appointment to see this home today!

Key facts

• 0.27 acre lot
• Garage
• Built 1980

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $432 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Cap rate 10.8% 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: schools D-, 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.
• Market conditions: Rents rising fast (+6.2%/yr); 338 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $795 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $32k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 14 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 $115,000

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: 1.26% ✓
• Cap rate: 10.80%
• Cash-on-cash: 16.11%
• DSCR: 1.72
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $184,398
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1059 Greenway Dr W	0.14mi	3/2.0	1,332 (+6%)	4mo	$165,000	$124	81
6558 Athey Ct	0.65mi	3/1.5	1,264 (+0%)	0mo	$157,000	$124	67
6414 Felhorn Rd N	0.44mi	3/2.0	1,320 (+4%)	11mo	$115,000	$87	63
6759 Overlook Rd	0.59mi	4/2.0 (+1)	1,303 (+3%)	1mo	$206,500	$158	62
6656 Lorena Dr	0.49mi	3/2.0	1,121 (-11%)	1mo	$190,000	$169	58
6660 Devander Dr	0.47mi	4/1.0 (+1)	1,368 (+8%)	0mo	$72,500	$53	55
505 Doby Ct	0.45mi	3/1.5	1,090 (-14%)	9mo	$142,000	$130	46
1142 Athey Rd	0.64mi	3/2.0	1,404 (+11%)	7mo	$210,000	$150	46
1150 Athey Rd	0.64mi	3/2.0	1,404 (+11%)	8mo	$205,000	$146	45
1302 Best Dr	0.62mi	4/2.0 (+1)	1,340 (+6%)	15mo	$115,000	$86	44
1350 Athey Rd	0.69mi	4/2.0 (+1)	1,162 (-8%)	8mo	$187,500	$161	43
1354 Athey Rd	0.70mi	4/2.0 (+1)	1,162 (-8%)	14mo	$185,000	$159	38

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: 10.4%
• Equity multiple: 1.42×
• Total profit: $13,631
• Equity at exit: $17,147

10-year hold

• IRR: 21.7%
• Equity multiple: 3.11×
• Total profit: $68,039
• Equity at exit: $9,943

Cash invested: $32,200 (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: 338
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,454 high
• Mortgage (P&I): −$603
• Tax from tax record: −$66 /mo · $786/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $432

Break-even live

Break-even rent $907

Max offer price $115,000

Occupancy floor 65%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1255 Amelia Ave Mobile, AL	3.0	1.0	1000	$1,400	$1.40	43d	1	0.23mi
6807 Victor Rd Mobile, AL	3.0	1.0	1100	$1,350	$1.23	43d	1	0.35mi
6725 Zeigler Blvd Mobile, AL	1.0–2.0	1.0	850	$1,282	$1.51	13d	7	0.43mi
1257 Devander Dr Mobile, AL	3.0	1.0	1144	$1,200	$1.05	43d	1	0.51mi
1253 Athey Rd Mobile, AL	3.0	2.0	1100	$1,500	$1.36	13d	1	0.61mi
1165 Barker Dr W Mobile, AL	3.0	1.0	900	$950	$1.06	20d	1	0.64mi
1305 Middle Ring Rd Mobile, AL	3.0	1.0	1100	$1,400	$1.27	43d	1	0.84mi
1746 Cody Rd N Mobile, AL	3.0	2.0	1152	$1,200	$1.04	13d	1	0.94mi
1728 Tew Dr Mobile, AL	2.0	1.0	912	$995	$1.09	43d	1	1.33mi
5904 Saint Gallen Ave S Unit 1043743P Mobile, AL	4.0	2.0	1496	$3,719	$2.49	20d	1	1.47mi

Listing history 4 events

1. 2026-02-27
   status Pending
2. 2026-02-13
   listed $115,000 Active
3. 2021-12-09
   soldstatus $140,000
4. 2021-11-03
   soldstatus $140,000 831-char remark

   Show marketing remark (831 chars)

   Welcome to your new home - This 3 bedroom 2 bath brick home, is sure to make your dreams come true. As walk up to the home’s exterior, you will notice a garage in the back that has been enclosed with full electricity that can be used as a workout space or handyman workshop. As you walk in, you will see this home's interior sports a huge open living room with a fireplace and ceramic tile floors laid in a designer pattern throughout. The home has dark stained doors and interior baseboards and trim which accent the wall color. Going out back again you will notice also a covered porch area. Listing agent makes no representations to the accuracy of the square footage taken from tax records. Buyer or buyer's agent to verify. Don’t miss out on this home in West Mobile schedule an appointment to see this home today!

ⓘ 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: $786 · $66/mo
• Projected year-2 tax: $786 · $66/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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,452
• − Mortgage interest: −$6,442
• − Property taxes: −$786
• − Insurance: −$575
• − Repairs & maintenance: −$1,396
• − Management: −$1,396
• − Depreciation: −$3,345
• Taxable income: $3,511
• Est. tax owed @ 24.0%: −$843
• After-tax cash flow: $4,346/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

-17.9% since first listed

4 events — show timeline

• 2026-02-27 Pending — GCMLS AL
• 2026-02-13 Listed $115,000 GCMLS AL
• 2021-12-09 Sold (Public Records) $140,000 Public Records
• 2021-11-03 Sold (MLS) $140,000 GCMLS AL

Property tax history

-2.4%/yr

Latest (2025): $786 · +3.0% YoY. Source: county tax records.