2001 Ostrom Dr · Mobile, AL 36605

$90,000

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 210 Days on market

Built 1995 0.36 ac lot $94/sqft · at area comps Est $92k · at est. ↓ 37% 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
• DSCR +10.0/10.0
• ARV discount +8.6/15.0
• 1% rule +7.6/10.0
• Rent growth +4.6/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

2001 Ostrom is ready for its new owners! This charming 3-bed, 1-bath home offers convenient access to shopping, dining, and I-10—perfect for anyone seeking comfort and accessibility. Very nice covered deck off the back with a very nice back Yard that is fenced. Call your favorite REALTOR® today to schedule a private showing! Property may be subject to Alabama’s One-Year Right of Redemption.

Key facts

• Covered deck
• Fenced back yard
• Convenient access

Tags

• COVERED DECK
• FENCED BACK YARD
• CONVENIENT ACCESS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $-67 ($-807/yr) — negative.
• To cash-flow at today's rent, offer at most $78k (13.2% below list).
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $78k (13.2% below list) — sets the bar for cash-flow.
• Cap rate 11.1% 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 (+8.3%/yr); 139 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).
• This rent runs 31% of the median local income ($44k/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 $622 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.

Negotiation context

• It's been on market 210 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,114 (13.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 210 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 11.08%
• Cash-on-cash: 17.11%
• DSCR: 1.76
• GRM: 6.6

CMA / ARV

• ARV (median comp): $92,156
• List price: $90,000
• Delta: -2.34%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1715 Dog River Dr E	0.29mi	3/1.0	1,008 (+5%)	5mo	$116,500	$116	74
1706 Bass Dr	0.35mi	3/1.0	1,008 (+5%)	4mo	$50,000	$50	73
1717 Bass Dr	0.28mi	4/1.5 (+1)	1,008 (+5%)	3mo	$75,000	$74	69
1918 Ryders Ln	0.20mi	3/1.0	912 (-5%)	18mo	$35,000	$38	67
2113 Old Military Rd	0.35mi	2/1.0 (-1)	1,048 (+9%)	2mo	$205,527	$196	62
2314 Burgett Rd	0.72mi	2/1.0 (-1)	954 (-1%)	1mo	$72,000	$75	60
301 Riverbend Dr #301	0.45mi	2/2.0 (-1)	885 (-8%)	1mo	$103,000	$116	56
2403 Octavia Dr S	0.60mi	3/1.0	1,026 (+7%)	10mo	$90,000	$88	52
2014 Bakers Ln	0.31mi	2/1.0 (-1)	832 (-13%)	11mo	$97,500	$117	50
217 Riverbend Dr #217	0.32mi	2/2.0 (-1)	885 (-8%)	20mo	$143,000	$162	46
2360 Vermillion Dr	0.66mi	3/1.0	1,064 (+11%)	15mo	$120,000	$113	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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -13.0%
• Equity multiple: 0.50×
• Total profit: $-12,627
• Equity at exit: $13,419

10-year hold

• IRR: 4.8%
• Equity multiple: 1.47×
• Total profit: $11,785
• Equity at exit: $7,782

Cash invested: $25,200 (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 36605

• Rents YoY: 8.3%
• Active inventory: 139
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,138 high
• Mortgage (P&I): −$472
• Tax from tax record: −$30 /mo · $362/yr
• Insurance: −$38
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$239
• Net cashflow: $-67

Break-even live

Break-even rent $1,223

Max offer price $78,114

Occupancy floor —

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
207 Riverbend Dr #207 Mobile, AL	2.0	1.0	843	$1,150	$1.36	43d	1	0.27mi
2115 Barron Pl Mobile, AL	3.0	1.0	1000	$1,200	$1.20	43d	1	0.30mi
2359 Vermillion Dr Mobile, AL	3.0	1.0	1064	$895	$0.84	21d	1	0.65mi
1601 Neshota Dr Apt 86 Mobile, AL	3.0	1.0	880	$900	$1.02	43d	1	0.88mi
1601 Neshota Dr Apt 19 Mobile, AL	2.0	1.0	750	$800	$1.07	43d	1	0.88mi
1601 Neshota Dr Mobile, AL	2.0–3.0	1.0	815	$825	$1.01	13d	7	0.88mi
2366 White St Unit B Mobile, AL	2.0	1.0	900	$845	$0.94	43d	1	0.92mi
1815 Ogburn Ave Unit B Mobile, AL	2.0	1.0	900	$900	$1.00	21d	1	1.00mi
1351 Dauphin Island Pkwy Mobile, AL	3.0	1.0	992	$1,095	$1.10	43d	1	1.21mi
1506 Flowers Dr Unit B Mobile, AL	2.0	1.0	1000	$795	$0.80	21d	1	1.22mi
1302 Navco Rd Mobile, AL	2.0	1.0	1009	$935	$0.93	13d	13	1.32mi
1466 Darwood Dr Mobile, AL	3.0	1.5	1053	$1,400	$1.33	43d	1	1.37mi
1411 Greenbrier Dr Mobile, AL	3.0	1.0	1069	$995	$0.93	43d	1	1.42mi

Listing history 22 events

1. 2026-06-18
   days on market $90,000 Active 210 DOM
2. 2026-06-17
   days on market $90,000 Active 209 DOM
3. 2026-06-16
   days on market $90,000 Active 208 DOM
4. 2026-06-15
   days on market $90,000 Active 207 DOM
5. 2026-06-14
   days on market $90,000 Active 205 DOM
6. 2026-06-13
   days on market $90,000 Active 204 DOM
7. 2026-06-10
   days on market $90,000 Active 202 DOM
8. 2026-06-09
   days on market $90,000 Active 201 DOM
9. 2026-06-08
   days on market $90,000 Active 200 DOM
10. 2026-06-07
    days on market $90,000 Active 199 DOM
11. 2026-06-05
    days on market $90,000 Active 196 DOM
12. 2026-06-03
    days on market $90,000 Active 195 DOM
13. 2026-06-02
    days on market $90,000 Active 194 DOM
14. 2026-06-01
    days on market $90,000 Active 193 DOM
15. 2026-05-31
    days on market $90,000 Active 192 DOM
16. 2026-05-30
    days on market $90,000 Active 191 DOM
17. 2026-05-08
    price $90,000 412-char remark

    Show marketing remark (412 chars)

    2001 Ostrom is ready for its new owners! This charming 3-bed, 1-bath home offers convenient access to shopping, dining, and I-10—perfect for anyone seeking comfort and accessibility. Very nice covered deck off the back with a very nice back Yard that is fenced. Call your favorite REALTOR® today to schedule a private showing! Property may be subject to Alabama’s One-Year Right of Redemption.

18. 2026-04-06
    price $95,000 412-char remark

    Show marketing remark (412 chars)

    2001 Ostrom is ready for its new owners! This charming 3-bed, 1-bath home offers convenient access to shopping, dining, and I-10—perfect for anyone seeking comfort and accessibility. Very nice covered deck off the back with a very nice back Yard that is fenced. Call your favorite REALTOR® today to schedule a private showing! Property may be subject to Alabama’s One-Year Right of Redemption.

19. 2026-02-26
    price $100,000 412-char remark

    Show marketing remark (412 chars)

    2001 Ostrom is ready for its new owners! This charming 3-bed, 1-bath home offers convenient access to shopping, dining, and I-10—perfect for anyone seeking comfort and accessibility. Very nice covered deck off the back with a very nice back Yard that is fenced. Call your favorite REALTOR® today to schedule a private showing! Property may be subject to Alabama’s One-Year Right of Redemption.

20. 2025-12-24
    price $110,000 412-char remark

    Show marketing remark (412 chars)

    2001 Ostrom is ready for its new owners! This charming 3-bed, 1-bath home offers convenient access to shopping, dining, and I-10—perfect for anyone seeking comfort and accessibility. Very nice covered deck off the back with a very nice back Yard that is fenced. Call your favorite REALTOR® today to schedule a private showing! Property may be subject to Alabama’s One-Year Right of Redemption.

21. 2025-11-20
    listed $115,000 Active 412-char remark

    Show marketing remark (412 chars)

    2001 Ostrom is ready for its new owners! This charming 3-bed, 1-bath home offers convenient access to shopping, dining, and I-10—perfect for anyone seeking comfort and accessibility. Very nice covered deck off the back with a very nice back Yard that is fenced. Call your favorite REALTOR® today to schedule a private showing! Property may be subject to Alabama’s One-Year Right of Redemption.

22. 2007-04-30
    soldstatus $143,170

ⓘ 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: $362 · $30/mo
• Projected year-2 tax: $369 · $31/mo
• Expected delta: +$7/yr (+$1/mo · 1.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 6 d/yr ≥105°F today · 18 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: $13,654
• − Mortgage interest: −$5,041
• − Property taxes: −$362
• − Insurance: −$5,568
• − Repairs & maintenance: −$1,092
• − Management: −$1,092
• − Depreciation: −$2,618
• Taxable loss: −$2,121
• Est. tax savings @ 24.0%: +$509
• After-tax cash flow: $-298/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): 25,104
• Household income: $43,538
• Rent vs Own: 46.3% rent · 53.7% own
• Severe rent burden: 1521.0

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: Predominantly Black (67%)
• Race & ethnicity: Black 67% White 27% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Lithuanian 3% Slovak 2% Iranian 1%
• Foreign-born: 3% · Canada
• 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: ▼ -96.46%
• Current HPI: 125.9526
• Rent YoY: ▲ 8.26%
• 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

-37.1% since first listed

6 events — show timeline

• 2026-05-08 Price Changed $90,000 GCMLS AL
• 2026-04-06 Price Changed $95,000 GCMLS AL
• 2026-02-26 Price Changed $100,000 GCMLS AL
• 2025-12-24 Price Changed $110,000 GCMLS AL
• 2025-11-20 Listed $115,000 GCMLS AL
• 2007-04-30 Sold (Public Records) $143,170 Public Records

Property tax history

+3.7%/yr

Latest (2025): $362 · +7.5% YoY. Source: county tax records.