275 BISHOP PHILLIPS Ave · Mobile, AL 36608

$105,000

3 bd · 1.0 ba · 1,253 sqft · SingleFamily public records · 13 Days on market

Built 1979 0.36 ac lot Est $193k · 46% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• 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

Located near the University of South Alabama, this home sits on a spacious .35-acre lot. Home includes 3 bedrooms, laundry room with plenty of storage space, and two full bathrooms. The spacious living room is perfect for entertaining! This home has been rented in the past and would be great for any investor looking for a rental property to boost their portfolio. Schedule your showing today! Buyer to verify all information during due diligence.

Key facts

• Rental property
• Laundry room
• Living room

Tags

• SPACIOUS LOT
• LAUNDRY ROOM
• STORAGE SPACE
• LIVING ROOM
• RENTAL PROPERTY

Property features AI

Finance

• Other: Zoned for single family residence
• HOA & community: No transfer fees; No community amenities

Exterior

• Parking: Side entrance; 3 parking spaces
• Utilities: Public water; Electric power
• Home design: Single-story home; One level; Resale property
• Construction: Wood siding and block construction; Composition roof
• Exterior features: Fenced yard; Few trees; Subdivision setting; No waterfront

Interior

• Kitchen: Gas range; Microwave; Refrigerator; Dishwasher
• Bedrooms: Master bedroom on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms; Master bathroom with tub/shower combo
• Heating & cooling: Electric heating; Ceiling fan(s) for cooling
• Interior features: Living room; Ceiling fan(s); Partially furnished
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $346 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Cap rate 11.0% 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: Rents rising fast (+6.2%/yr); 338 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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

• Local home prices are declining (-3.0%/yr); year-one equity from $726 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 $29k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $37k; list at $105k implies a 184% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,000

Questions for the listing agent

1. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.27% ✓
• Cap rate: 11.01%
• Cash-on-cash: 16.85%
• DSCR: 1.75
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $192,962
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
316 Fairway Ave	0.25mi	3/2.0	1,338 (+7%)	17mo	$225,000	$168	59
7133 5th St	0.32mi	4/2.0 (+1)	1,308 (+4%)	13mo	$118,000	$90	58
14 Breydon Ct	0.67mi	3/2.0	1,346 (+7%)	9mo	$243,350	$181	45
7623 Old Shell Rd	0.50mi	4/2.0 (+1)	1,410 (+12%)	7mo	$105,121	$75	41
70 N Park Ave	0.56mi	3/1.0	1,138 (-9%)	21mo	$135,000	$119	41
25 Breydon Ct	0.72mi	3/2.0	1,396 (+11%)	6mo	$215,000	$154	38
9 Breydon Ct	0.70mi	3/2.0	1,346 (+7%)	22mo	$216,500	$161	33

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: 7.9%
• Equity multiple: 1.32×
• Total profit: $9,414
• Equity at exit: $15,656

10-year hold

• IRR: 19.7%
• Equity multiple: 2.90×
• Total profit: $55,726
• Equity at exit: $9,078

Cash invested: $29,400 (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 36608

• Rents YoY: 6.2%
• Active inventory: 338
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,333 high
• Mortgage (P&I): −$551
• Tax from tax record: −$46 /mo · $555/yr
• Insurance: −$44
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $346

Break-even live

Break-even rent $895

Max offer price $105,000

Occupancy floor 69%

Sensitivity live

Price	-10% $406	-5% $376	+0% $346	+5% $317	+10% $287
Rent	-10% $241	-5% $294	+0% $346	+5% $399	+10% $452
Rate	-1.0pp $399	-0.5pp $373	base $346	+0.5pp $319	+1.0pp $291

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
176 2nd Ave Mobile, AL	3.0	1.0	1056	$895	$0.85	21d	1	0.33mi
7601 Airport Blvd Mobile, AL	2.0–4.0	2.0	1082	$1,188	$1.10	14d	5	0.88mi
1 Country Ln Mobile, AL	1.0–2.0	1.0	850	$1,221	$1.44	14d	10	1.01mi
8050 Tanner Williams Rd Mobile, AL	2.0–3.0	2.0–2.5	1028	$1,345	$1.31	21d	3	1.03mi
101 Foreman Rd Mobile, AL	1.0–3.0	1.0–2.0	835	$1,279	$1.53	44d	9	1.06mi
6601 Old Shell Rd Unit 3 Mobile, AL	2.0	1.0	950	$975	$1.03	21d	1	1.12mi
6701 Dickens Ferry Rd #30 Mobile, AL	3.0	2.5	1342	$1,395	$1.04	21d	1	1.13mi
6725 Zeigler Blvd Mobile, AL	1.0–2.0	1.0	850	$1,282	$1.51	14d	7	1.15mi
6474B Cedar Bend Ct Mobile, AL	2.0	2.0	1444	$1,600	$1.11	44d	1	1.33mi
668 Willow Pointe Dr Mobile, AL	2.0	2.0	1029	$1,750	$1.70	44d	1	1.35mi
668 Willow Pointe Dr Mobile, AL	2.0	2.0	1029	$1,650	$1.60	21d	1	1.35mi
1255 Amelia Ave Mobile, AL	3.0	1.0	1000	$1,400	$1.40	44d	1	1.45mi

Listing history 11 events

1. 2026-06-18
   days on market $105,000 Active 13 DOM
2. 2026-06-17
   days on market $105,000 Active 12 DOM
3. 2026-06-16
   days on market $105,000 Active 11 DOM
4. 2026-06-15
   days on market $105,000 Active 10 DOM
5. 2026-06-14
   days on market $105,000 Active 8 DOM
6. 2026-06-13
   days on market $105,000 Active 7 DOM
7. 2026-06-10
   days on market $105,000 Active 5 DOM
8. 2026-06-09
   days on market $105,000 Active 4 DOM
9. 2026-06-08
   days on market $105,000 Active 3 DOM
10. 2026-06-07
    remarks 449-char remark
11. 2026-06-07
    listed $105,000 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: $555 · $46/mo
• Projected year-2 tax: $555 · $46/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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥104°F today · 19 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: $16,002
• − Mortgage interest: −$5,882
• − Property taxes: −$555
• − Insurance: −$1,322
• − Repairs & maintenance: −$1,280
• − Management: −$1,280
• − Depreciation: −$3,055
• Taxable income: $2,628
• Est. tax owed @ 24.0%: −$631
• After-tax cash flow: $3,526/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

+183.8% since first listed

10 events — show timeline

• 2026-06-05 Listed $105,000 GCMLS AL
• 2026-06-05 Listed $105,000 BCAR
• 2025-12-11 Price Changed $99,900 GCMLS AL
• 2025-08-25 Price Changed $102,000 GCMLS AL
• 2024-08-02 Price Changed $89,900 GCMLS AL
• 2024-04-03 Price Changed $95,000 GCMLS AL
• 2024-03-11 Price Changed $99,900 GCMLS AL
• 2024-02-23 Price Changed $105,000 GCMLS AL
• 2023-04-11 Price Changed $67,000 GCMLS AL
• 2022-07-25 Sold (MLS) $37,000 GCMLS AL

Property tax history

+17.3%/yr

Latest (2025): $555 · +3.8% YoY. Source: county tax records.