750 S Carolina St · Mobile, AL 36603

$130,000

3 bd · 2.0 ba · 1,172 sqft · SingleFamily public records · 13 Days on market

Built 1997 Est $161k · 19% 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 +25.2/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• Appreciation +5.7/10.0
• 1% rule +5.6/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks

Investor & acirc; & euro; & trade; s Dream! Prime Investment Opportunity in a high demand area close to I-10. Centrally located just minutes away from the New International Airport as well as downtown Mobile. Property is being sold in an & acirc; & euro; & oelig; as is & acirc; & euro; � condition. Needs some updates. Roof replaced 4 years ago. Freshly painted interior. This 3 bedroom 2 bathroom brick home has a great foundation and just needs the right buyer to restore it to its former glory.

Key facts

• High demand area
• Downtown mobile
• Centrally located

Tags

• PRIME INVESTMENT OPPORTUNITY
• HIGH DEMAND AREA
• CLOSE TO I-10
• CENTRALLY LOCATED
• NEW INTERNATIONAL AIRPORT
• DOWNTOWN MOBILE

Property features AI

Exterior

• Home design: Built in 1997
• Construction: Single-family property
• Exterior features: Located in the Oakdale subdivision

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $225 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Cap rate 9.0% 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: 36 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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

• In year one you build about $3k of equity ($899 loan paydown + $2k appreciation (1.3% 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 (1.3% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

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

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; 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 $130,000

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.06% ✓
• Cap rate: 8.98%
• Cash-on-cash: 9.61%
• DSCR: 1.43
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $160,564
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
704 Marine St	0.32mi	2/2.0 (-1)	1,220 (+4%)	0mo	$167,000	$137	73
551 Marine St	0.48mi	3/2.0	1,204 (+3%)	7mo	$127,000	$105	67
659 Bayou St S	0.30mi	2/1.0 (-1)	1,092 (-7%)	1mo	$67,000	$61	65
808 Charles St	0.34mi	3/1.0	1,292 (+10%)	1mo	$155,000	$120	63
906 Texas St	0.54mi	3/2.0	1,155 (-2%)	18mo	$195,000	$169	57
1053 Selma St	0.75mi	2/2.0 (-1)	1,145 (-2%)	1mo	$217,350	$190	55
1101 Kelly St	0.74mi	3/2.0	1,123 (-4%)	7mo	$125,000	$111	53
912 Cottrell St	0.74mi	3/2.0	1,260 (+8%)	0mo	$50,000	$40	53
700 Marine St	0.33mi	3/2.0	1,322 (+13%)	13mo	$152,000	$115	52
1105 Texas St	0.70mi	2/2.0 (-1)	1,143 (-2%)	8mo	$245,000	$214	52
502 George St	0.68mi	3/2.0	1,280 (+9%)	11mo	$175,000	$137	44
1052 Elmira St	0.71mi	2/2.0 (-1)	1,025 (-12%)	2mo	$315,000	$307	39

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

Projected returns pro-forma

1.32% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.0%
• Equity multiple: 1.52×
• Total profit: $18,823
• Equity at exit: $46,568

10-year hold

• IRR: 13.5%
• Equity multiple: 2.70×
• Total profit: $61,828
• Equity at exit: $63,613

Cash invested: $36,400 (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 36603

• Home prices YoY: 2.8%
• Active inventory: 36
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,379 high
• Mortgage (P&I): −$682
• Tax from tax record: −$62 /mo · $739/yr
• Insurance: −$54
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $225

Break-even live

Break-even rent $1,094

Max offer price $130,000

Occupancy floor 79%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
711 Marine St Mobile, AL	2.0	1.0	1100	$1,150	$1.05	43d	1	0.30mi
811 Gorgas St Mobile, AL	4.0	1.0	1300	$1,310	$1.01	43d	1	0.31mi
600 S Washington Ave Mobile, AL	1.0–2.0	1.0	820	$1,058	$1.29	43d	2	0.38mi
1009 Miami St Mobile, AL	3.0	1.0	768	$1,150	$1.50	43d	1	0.41mi
1013 Elmira St Unit A Mobile, AL	2.0	1.0	1000	$995	$0.99	21d	1	0.68mi
957 Savannah St Mobile, AL	2.0	1.5	1054	$1,400	$1.33	21d	1	0.75mi
1204 Seneca St Mobile, AL	3.0	2.0	1425	$1,345	$0.94	13d	1	0.86mi
1417 Monroe St Mobile, AL	2.0	1.0	1064	$1,350	$1.27	43d	1	1.22mi
1141 Montauk Ave Unit 1043864P Mobile, AL	3.0	2.0	1420	$2,741	$1.93	13d	1	1.24mi
84 S Lafayette St Unit 1043577P Mobile, AL	3.0	2.0	1496	$3,116	$2.08	13d	1	1.43mi
412 Dauphin St Mobile, AL	2.0	1.0–2.5	1553	$2,350	$1.51	13d	2	1.44mi

Listing history 11 events

1. 2026-06-18
   days on market $130,000 Active 13 DOM
2. 2026-06-17
   days on market $130,000 Active 12 DOM
3. 2026-06-16
   days on market $130,000 Active 11 DOM
4. 2026-06-15
   days on market $130,000 Active 10 DOM
5. 2026-06-14
   days on market $130,000 Active 8 DOM
6. 2026-06-13
   days on market $130,000 Active 7 DOM
7. 2026-06-10
   days on market $130,000 Active 5 DOM
8. 2026-06-09
   days on market $130,000 Active 4 DOM
9. 2026-06-08
   days on market $130,000 Active 3 DOM
10. 2026-06-07
    remarks 500-char remark
11. 2026-06-07
    listed $130,000 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: $739 · $62/mo
• Projected year-2 tax: $739 · $62/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 7/10 Severe FEMA zone X (shaded) · 68% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 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: $16,542
• − Mortgage interest: −$7,282
• − Property taxes: −$739
• − Insurance: −$1,448
• − Repairs & maintenance: −$1,323
• − Management: −$1,323
• − Depreciation: −$3,782
• Taxable income: $645
• Est. tax owed @ 24.0%: −$155
• After-tax cash flow: $2,546/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): 7,805

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 (85%)
• Race & ethnicity: Black 85% White 12% Two or more races 1% Hispanic / Latino 1%
• Common ancestry: Lithuanian 1%
• Foreign-born: 1% · Canada
• 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: ▲ 1.32%
• Current HPI: 48.9551
• 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

1 event — show timeline

• 2026-06-05 Listed $130,000 FSBO.com

Property tax history

+8.5%/yr

Latest (2025): $739 · +5.4% YoY. Source: county tax records.