3202 Lott Rd · Prichard, AL 36613

$69,900

3 bd · 1.0 ba · 1,080 sqft · SingleFamily public records · 44 Days on market

Built 1987 0.36 ac lot $65/sqft · at area comps Est $71k · at est. ↓ 13% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.2/15.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into cashflow! Calling all investors! This 3 bedroom, 1 bath house is priced to sell. Brand new HVAC System installed May 2026! The property is currently rented under the Affordable Housing Program and it generates $1,238 per month in rent! The house features a nice backyard, and LVP flooring throughout most of the house.

Key facts

• Central heating
• Backyard
• Lvp flooring

Tags

• BACKYARD
• CENTRAL HEATING
• LVP FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $756 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 19.3% vs local median 11.4% in Prichard — 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 54/100 on livability (#472 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools D-, crime F, amenities F.
• 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: 92 active listings in the ZIP; 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 $483 of loan paydown is wiped out by about $2k 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 + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 3 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 $50k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $67,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 2.16% ✓
• Cap rate: 19.28%
• Cash-on-cash: 46.38%
• DSCR: 3.06
• GRM: 3.9

CMA / ARV

• ARV (median comp): $71,045
• List price: $69,900
• Delta: -1.61%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3204 Lott Rd	0.01mi	4/1.0 (+1)	1,050 (-3%)	0mo	$118,099	$112	90
4928 Rainbow Cir	0.20mi	3/1.0	1,056 (-2%)	16mo	$21,000	$20	74
4943 Cochran Rd	0.22mi	3/1.0	1,025 (-5%)	13mo	$47,500	$46	71

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 43.6%
• Equity multiple: 2.88×
• Total profit: $36,846
• Equity at exit: $10,422

10-year hold

• IRR: 49.6%
• Equity multiple: 5.81×
• Total profit: $94,098
• Equity at exit: $6,044

Cash invested: $19,572 (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 36613

• Home prices YoY: -23.9%
• Active inventory: 92
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,510 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$41 /mo · $491/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $756

Break-even live

Break-even rent $553

Max offer price $69,900

Occupancy floor 45%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $69,900 Active 44 DOM
2. 2026-06-17
   days on market $69,900 Active 43 DOM
3. 2026-06-16
   days on market $69,900 Active 42 DOM
4. 2026-06-15
   days on market $69,900 Active 41 DOM
5. 2026-06-14
   days on market $69,900 Active 39 DOM
6. 2026-06-13
   statusdays on market $69,900 Active 38 DOM
7. 2026-06-05
   statusdays on market $69,900 Pending 36 DOM
8. 2026-06-03
   days on market $69,900 Active 35 DOM
9. 2026-06-02
   days on market $69,900 Active 34 DOM
10. 2026-06-01
    days on market $69,900 Active 33 DOM
11. 2026-05-31
    days on market $69,900 Active 32 DOM
12. 2026-05-30
    days on market $69,900 Active 31 DOM
13. 2026-05-07
    status Active 335-char remark

    Show marketing remark (335 chars)

    Step into cashflow! Calling all investors! This 3 bedroom, 1 bath house is priced to sell. Brand new HVAC System installed May 2026! The property is currently rented under the Affordable Housing Program and it generates $1,238 per month in rent! The house features a nice backyard, and LVP flooring throughout most of the house.

14. 2026-04-30
    status Pending 335-char remark

    Show marketing remark (335 chars)

    Step into cashflow! Calling all investors! This 3 bedroom, 1 bath house is priced to sell. Brand new HVAC System installed May 2026! The property is currently rented under the Affordable Housing Program and it generates $1,238 per month in rent! The house features a nice backyard, and LVP flooring throughout most of the house.

15. 2026-04-22
    listed $69,900 Active 335-char remark

    Show marketing remark (335 chars)

    Step into cashflow! Calling all investors! This 3 bedroom, 1 bath house is priced to sell. Brand new HVAC System installed May 2026! The property is currently rented under the Affordable Housing Program and it generates $1,238 per month in rent! The house features a nice backyard, and LVP flooring throughout most of the house.

16. 2026-01-29
    soldstatus $50,000 Closed 310-char remark

    Show marketing remark (310 chars)

    Welcome to 3202 Lott Rd. This home features 3 bedrooms and 1 full bathroom with a lovely backyard. This house has so much potential! Don't miss your chance to own an amazing property perfect for an investor or first-time home buyer. A fantastic house at an even better price. Schedule a private showing today!

17. 2025-11-13
    listed $70,000 Active 310-char remark

    Show marketing remark (310 chars)

    Welcome to 3202 Lott Rd. This home features 3 bedrooms and 1 full bathroom with a lovely backyard. This house has so much potential! Don't miss your chance to own an amazing property perfect for an investor or first-time home buyer. A fantastic house at an even better price. Schedule a private showing today!

18. 2024-09-14
    price $69,500
19. 2024-04-15
    price $80,000

ⓘ 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: $491 · $41/mo
• Projected year-2 tax: $491 · $41/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: $18,122
• − Mortgage interest: −$3,915
• − Property taxes: −$491
• − Insurance: −$350
• − Repairs & maintenance: −$1,450
• − Management: −$1,450
• − Depreciation: −$2,033
• Taxable income: $8,433
• Est. tax owed @ 24.0%: −$2,024
• After-tax cash flow: $7,053/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 — Prichard

• Score: 54/100
• State rank: #472
• US rank: #24080

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prichard, AL
• City population: 13,402
• Population (ZIP): 12,082

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: Majority Black (52%)
• Race & ethnicity: Black 52% White 44% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 2% Italian 2% Slovak 2%
• Foreign-born: 0%
• 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: ▼ -65.49%
• Current HPI: 208.8677
• 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

-12.6% since first listed

7 events — show timeline

• 2026-05-07 Relisted — GCMLS AL
• 2026-04-30 Pending — GCMLS AL
• 2026-04-22 Listed $69,900 GCMLS AL
• 2026-01-29 Sold (MLS) $50,000 GCMLS AL
• 2025-11-13 Listed $70,000 GCMLS AL
• 2024-09-14 Price Changed $69,500 GCMLS AL
• 2024-04-15 Price Changed $80,000 GCMLS AL

Property tax history

-9.7%/yr

Latest (2025): $491 · +1.3% YoY. Source: county tax records.