304 W Lee St · Chickasaw, AL 36611

$117,500

3 bd · 1.0 ba · 1,128 sqft · SingleFamily public records · 2 Days on market

Built 1990 9,535 sqft lot Est $124k · 5% under

---

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 +18.8/30.0
• Appreciation +10.0/10.0
• ARV discount +9.9/15.0
• DSCR +5.9/10.0
• Schools +5.0/10.0
• 1% rule +4.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

This charming 3 bedroom 1 bath home has been freshly updated and is ready for its new family. New updates per seller: freshly painted inside, new vinyl plank flooring in the living room, freshly painted cabinets, new fixtures, new front door, 2 new window units. Located conveniently to the interstate for quick & easy access. Inside you will find durable vinyl plank flooring throughout along with ceramic tile. No carpet anywhere!! An extra bonus room provides plenty of options for a den, game room, playroom, home office or flex space to fit your needs. The home features central heat, 4 window units for cooling (2 are brand new), and a shady backyard perfect for relaxing or entertaini

Key facts

• New window units
• New front door
• New fixtures

Tags

• FRESHLY PAINTED INSIDE
• NEW VINYL PLANK FLOORING
• FRESHLY PAINTED CABINETS
• NEW FIXTURES
• NEW FRONT DOOR
• NEW WINDOW UNITS

Property features AI

Finance

• Other: Located in the Norwood subdivision
• Financial info: No investor or income/expense information listed
• HOA & community: No land lease

Exterior

• Parking: No designated parking
• Security: No security features listed
• Utilities: Electricity available (110 volts); Natural gas available; Public sewer; Public water
• Home design: Single family residence; Residential property
• Construction: Wood siding construction; Shingle roof; Slab foundation
• Exterior features: No notable exterior features listed; Chain link fencing; Property has a view

Interior

• Kitchen: Gas range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Window air conditioning units
• Interior features: Other interior features; Breakfast room off the kitchen
• Laundry & utility: No specific laundry details provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $118k.

Deal economics

• At list price, monthly cash flow is $118 ($1k/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 $106k (9.9% below list).
• Recommended offer: $106k (9.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#237 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-, health & safety B; Watch: crime D-, amenities F, commute F.
• Zoned schools: Chickasaw City Elementary School (math 7% / reading 30%, grade F, #480 of 627 statewide, top 77%, 550 students, 80% FRL); Chickasaw City High School (math 5% / reading 15%, grade F, #248 of 305 statewide, top 82%, 224 students, 91% FRL).
• Market conditions: 45 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($812 loan paydown + $12k appreciation (10.0% 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 (10.0% appreciation + 3.0% rent growth), your $33k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $20k; list at $118k implies a 488% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,839 (9.9% below list)

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 F-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 D 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: 0.90% ✗
• Cap rate: 7.50%
• Cash-on-cash: 4.30%
• DSCR: 1.19
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $124,080
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9 Elizabeth Ave	0.10mi	3/1.0	1,080 (-4%)	6mo	$96,000	$89	84
714 Townsend Cir	0.23mi	3/1.5	1,161 (+3%)	1mo	$137,000	$118	81
364 3rd Pl	0.47mi	3/1.0	1,106 (-2%)	1mo	$149,900	$136	74
300 Geronimo St	0.41mi	3/1.0	1,076 (-5%)	2mo	$110,000	$102	72
521 Holiday Ave	0.44mi	3/1.0	1,189 (+5%)	1mo	$42,000	$35	70
419 Sutherland Cir	0.37mi	3/1.0	1,196 (+6%)	6mo	$144,900	$121	67
419 Geronimo St	0.23mi	3/1.0	1,000 (-11%)	4mo	$139,900	$140	67
104 8th Ave	0.58mi	2/1.0 (-1)	1,071 (-5%)	0mo	$94,000	$88	59
305 11th Ave	0.71mi	3/2.0	1,152 (+2%)	1mo	$65,000	$56	59
97 Grant St	0.64mi	2/1.0 (-1)	1,032 (-8%)	1mo	$137,500	$133	50
206 1st St	0.70mi	2/1.5 (-1)	1,049 (-7%)	3mo	$115,000	$110	46
108 11th Ave	0.75mi	2/1.0 (-1)	1,003 (-11%)	0mo	$77,000	$77	42

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.4%
• Equity multiple: 3.17×
• Total profit: $71,466
• Equity at exit: $105,853

10-year hold

• IRR: 23.9%
• Equity multiple: 7.21×
• Total profit: $204,463
• Equity at exit: $228,277

Cash invested: $32,900 (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 36611

• Home prices YoY: 7.0%
• Active inventory: 45
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,058 high
• Mortgage (P&I): −$616
• Tax from tax record: −$53 /mo · $636/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $118

Break-even live

Break-even rent $909

Max offer price $117,500

Occupancy floor 84%

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: $29,375
• Closing costs: $3,525
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
78 Lee St Chickasaw, AL	3.0	1.0	1412	$1,100	$0.78	44d	1	0.49mi
55 Thompson Blvd Chickasaw, AL	3.0	1.0	939	$1,500	$1.60	21d	1	0.56mi
156 9th Ave Chickasaw, AL	2.0	1.0	720	$950	$1.32	21d	1	0.58mi
101 Grant St Chickasaw, AL	3.0	1.0	1383	$895	$0.65	13d	1	0.67mi
311 Grant St Chickasaw, AL	2.0	1.0	1000	$850	$0.85	44d	1	0.84mi
3 Southern St Chickasaw, AL	3.0	1.0	1108	$795	$0.72	13d	1	1.19mi
408 Rawls Ave Mobile, AL	2.0	1.0	1032	$1,100	$1.07	13d	1	1.47mi

Listing history 3 events

1. 2026-06-18
   days on market $117,500 Active 2 DOM
2. 2026-06-16
   remarks 695-char remark
3. 2026-06-16
   listed $117,500 Active 1 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: $636 · $53/mo
• Projected year-2 tax: $636 · $53/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 22 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: $12,701
• − Mortgage interest: −$6,582
• − Property taxes: −$636
• − Insurance: −$588
• − Repairs & maintenance: −$1,016
• − Management: −$1,016
• − Depreciation: −$3,418
• Taxable loss: −$555
• Est. tax savings @ 24.0%: +$133
• After-tax cash flow: $1,549/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)

No district data.

Livability — Chickasaw

• Score: 61/100
• State rank: #237
• US rank: #17438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chickasaw, AL
• City population: 6,367
• Population (ZIP): 6,367

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: Black 55% White 38% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Lithuanian 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▲ 12.90%
• Current HPI: 196.621
• 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

+487.5% since first listed

2 events — show timeline

• 2026-06-16 Listed $117,500 GCMLS AL
• 2015-06-08 Sold (Public Records) $20,000 Public Records

Property tax history

+1.9%/yr

Latest (2025): $636 · +12.8% YoY. Source: county tax records.