3371 Childers St · Mobile, AL 36605

$135,145

3 bd · 1.0 ba · 1,025 sqft · SingleFamily public records · 117 Days on market

Built 2012 0.34 ac lot Est $105k · 29% over

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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 +25.6/30.0
• DSCR +8.5/10.0
• 1% rule +5.4/10.0
• Rent growth +4.6/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Buyer friendly move-in ready home is just waiting for you! This all brick, 3 bedroom, 1 bath home is in excellent condition and ready for inspection. The house was updated between 2019-20 with a new roof, kitchen cabinets, flooring, lighting and more. Located only blocks away from Dog River but outside of any special flood hazard zones adding to the hidden assets this home has to offer. You owe it to yourself to see this house first! Call your favorite agent today and schedule your private tour. * * * Listing Agent makes no representation to accuracy of sq. ft. Buyer to verify. Any and all updates are per Seller(s). * * *

Key facts

• 0.34 acre lot
• Parking
• Listed 117 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Recommended offer: $123k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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: 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.
• Zoned schools: Dr Robert W Gilliard Elementary (math 8% / reading 23%, grade F, #503 of 627 statewide, top 80%, 780 students, 94% FRL); Ben C Rain High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 589 students, 90% FRL) — zoned schools average 92% FRL vs 67% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 9% at this address vs 27% district-wide (-18 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+8.3%/yr); 139 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% 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 39% 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 $935 of loan paydown is wiped out by about $4k 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 + 8.0% rent growth), your $38k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 117 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 6y ago; this cycle's ask has dropped $20k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $122,981 (9.0% below list)

Questions for the listing agent

1. It's been on market 117 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.04% ✓
• Cap rate: 9.12%
• Cash-on-cash: 10.10%
• DSCR: 1.45
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $104,550
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2855 Gill Rd	0.19mi	3/1.0	1,089 (+6%)	5mo	$24,500	$22	77
3511 Keeling Rd	0.33mi	3/1.0	936 (-9%)	12mo	$28,000	$30	60
2511 Club House Rd	0.58mi	3/1.5	1,092 (+6%)	3mo	$140,000	$128	57
2665 Club House Rd	0.35mi	3/1.0	1,104 (+8%)	18mo	$33,000	$30	56
2754 Club House Rd	0.25mi	2/1.0 (-1)	1,092 (+6%)	21mo	$30,000	$27	55
2324 Reneke Ave	0.67mi	3/1.0	938 (-8%)	2mo	$99,900	$107	53
2515 Gill Rd	0.61mi	3/2.0	1,107 (+8%)	3mo	$145,500	$131	52
2416 Lost River Rd	0.61mi	3/1.5	1,125 (+10%)	5mo	$115,000	$102	49
3212 Center Rd	0.61mi	3/1.0	1,170 (+14%)	3mo	$121,000	$103	45
2522 Club House Rd	0.54mi	2/1.0 (-1)	936 (-9%)	20mo	$45,000	$48	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: 3.8%
• Equity multiple: 1.15×
• Total profit: $5,778
• Equity at exit: $20,151

10-year hold

• IRR: 17.2%
• Equity multiple: 2.71×
• Total profit: $64,796
• Equity at exit: $11,685

Cash invested: $37,841 (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: 8.0×

Monthly cashflow live

• Estimated rent: $1,409 medium
• Mortgage (P&I): −$709
• Tax from tax record: −$30 /mo · $355/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $319

Break-even live

Break-even rent $1,006

Max offer price $135,145

Occupancy floor 72%

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: $33,786
• Closing costs: $4,054
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2897 Arc Rd Mobile, AL	4.0	2.0	1200	$1,550	$1.29	43d	1	0.39mi
3311 Alba Club Rd Mobile, AL	3.0	1.0	1200	$1,200	$1.00	43d	1	0.65mi
3922 Wiggins Dr Mobile, AL	2.0	1.0	720	$1,000	$1.39	43d	1	0.93mi
1806 Gill Rd Mobile, AL	3.0	2.0	1360	$1,250	$0.92	21d	1	1.46mi

Listing history 32 events

1. 2026-06-18
   days on market $135,145 Active 117 DOM
2. 2026-06-17
   days on market $135,145 Active 116 DOM
3. 2026-06-16
   days on market $135,145 Active 115 DOM
4. 2026-06-15
   days on market $135,145 Active 114 DOM
5. 2026-06-14
   days on market $135,145 Active 112 DOM
6. 2026-06-13
   days on market $135,145 Active 111 DOM
7. 2026-06-10
   days on market $135,145 Active 109 DOM
8. 2026-06-09
   days on market $135,145 Active 108 DOM
9. 2026-06-09
   price $135,145 Active 107 DOM
10. 2026-06-08
    days on market $137,145 Active 107 DOM
11. 2026-06-07
    days on market $137,145 Active 106 DOM
12. 2026-06-05
    remarks 699-char remark
13. 2026-06-05
    pricestatusdays on market $137,145 Active 103 DOM
14. 2026-04-26
    status Pending
15. 2026-03-17
    price $137,150
16. 2026-02-25
    price $140,160
17. 2026-02-08
    price $145,165
18. 2026-01-15
    listed $155,175 Active
19. 2023-03-22
    soldstatus $140,000
20. 2023-03-20
    soldstatus $135,000 Closed 640-char remark

    Show marketing remark (632 chars)

    This Buyer friendly move-in ready home is just waiting for you! This all brick, 3 bedroom, 1 bath home is in excellent condition and ready for inspection. The house was updated between 2019-20 with a new roof, kitchen cabinets, flooring, lighting and more. Located only blocks away from Dog River but outside of any special flood hazard zones adding to the hidden assets this home has to offer. You owe it to yourself to see this house first! Call your favorite agent today and schedule your private tour.***Listing Agent makes no representation to accuracy of sq. ft. Buyer to verify. Any and all updates are per Seller(s).***

21. 2023-03-20
    soldstatus $135,000 Closed 632-char remark

    Show marketing remark (632 chars)

    This Buyer friendly move-in ready home is just waiting for you! This all brick, 3 bedroom, 1 bath home is in excellent condition and ready for inspection. The house was updated between 2019-20 with a new roof, kitchen cabinets, flooring, lighting and more. Located only blocks away from Dog River but outside of any special flood hazard zones adding to the hidden assets this home has to offer. You owe it to yourself to see this house first! Call your favorite agent today and schedule your private tour.***Listing Agent makes no representation to accuracy of sq. ft. Buyer to verify. Any and all updates are per Seller(s).***

22. 2023-03-06
    status Pending 632-char remark

    Show marketing remark (632 chars)

    This Buyer friendly move-in ready home is just waiting for you! This all brick, 3 bedroom, 1 bath home is in excellent condition and ready for inspection. The house was updated between 2019-20 with a new roof, kitchen cabinets, flooring, lighting and more. Located only blocks away from Dog River but outside of any special flood hazard zones adding to the hidden assets this home has to offer. You owe it to yourself to see this house first! Call your favorite agent today and schedule your private tour.***Listing Agent makes no representation to accuracy of sq. ft. Buyer to verify. Any and all updates are per Seller(s).***

23. 2023-03-06
    status Active 632-char remark

    Show marketing remark (632 chars)

    This Buyer friendly move-in ready home is just waiting for you! This all brick, 3 bedroom, 1 bath home is in excellent condition and ready for inspection. The house was updated between 2019-20 with a new roof, kitchen cabinets, flooring, lighting and more. Located only blocks away from Dog River but outside of any special flood hazard zones adding to the hidden assets this home has to offer. You owe it to yourself to see this house first! Call your favorite agent today and schedule your private tour.***Listing Agent makes no representation to accuracy of sq. ft. Buyer to verify. Any and all updates are per Seller(s).***

24. 2023-02-13
    status Pending 640-char remark

    Show marketing remark (632 chars)

    This Buyer friendly move-in ready home is just waiting for you! This all brick, 3 bedroom, 1 bath home is in excellent condition and ready for inspection. The house was updated between 2019-20 with a new roof, kitchen cabinets, flooring, lighting and more. Located only blocks away from Dog River but outside of any special flood hazard zones adding to the hidden assets this home has to offer. You owe it to yourself to see this house first! Call your favorite agent today and schedule your private tour.***Listing Agent makes no representation to accuracy of sq. ft. Buyer to verify. Any and all updates are per Seller(s).***

25. 2023-02-13
    status Pending 632-char remark

    Show marketing remark (632 chars)

    This Buyer friendly move-in ready home is just waiting for you! This all brick, 3 bedroom, 1 bath home is in excellent condition and ready for inspection. The house was updated between 2019-20 with a new roof, kitchen cabinets, flooring, lighting and more. Located only blocks away from Dog River but outside of any special flood hazard zones adding to the hidden assets this home has to offer. You owe it to yourself to see this house first! Call your favorite agent today and schedule your private tour.***Listing Agent makes no representation to accuracy of sq. ft. Buyer to verify. Any and all updates are per Seller(s).***

26. 2023-02-07
    listed $134,900 Active 632-char remark

    Show marketing remark (632 chars)

    This Buyer friendly move-in ready home is just waiting for you! This all brick, 3 bedroom, 1 bath home is in excellent condition and ready for inspection. The house was updated between 2019-20 with a new roof, kitchen cabinets, flooring, lighting and more. Located only blocks away from Dog River but outside of any special flood hazard zones adding to the hidden assets this home has to offer. You owe it to yourself to see this house first! Call your favorite agent today and schedule your private tour.***Listing Agent makes no representation to accuracy of sq. ft. Buyer to verify. Any and all updates are per Seller(s).***

27. 2023-02-05
    listed $134,900 Active 640-char remark

    Show marketing remark (640 chars)

    This Buyer friendly move-in ready home is just waiting for you! This all brick, 3 bedroom, 1 bath home is in excellent condition and ready for inspection. The house was updated between 2019-20 with a new roof, kitchen cabinets, flooring, lighting and more. Located only blocks away from Dog River but outside of any special flood hazard zones adding to the hidden assets this home has to offer. You owe it to yourself to see this house first! Call your favorite agent today and schedule your private tour. * * * Listing Agent makes no representation to accuracy of sq. ft. Buyer to verify. Any and all updates are per Seller(s). * * *

28. 2021-03-22
    soldstatus $114,500
29. 2021-03-12
    soldstatus $114,500
30. 2021-03-12
    soldstatus $114,500
31. 2020-10-15
    listed $110,000
32. 2006-06-16
    soldstatus $49,000

ⓘ 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: $355 · $30/mo
• Projected year-2 tax: $554 · $46/mo
• Expected delta: +$199/yr (+$17/mo · 56.2%)

ⓘ 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 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,910
• − Mortgage interest: −$7,570
• − Property taxes: −$355
• − Insurance: −$676
• − Repairs & maintenance: −$1,353
• − Management: −$1,353
• − Depreciation: −$3,931
• Taxable income: $1,672
• Est. tax owed @ 24.0%: −$401
• After-tax cash flow: $3,422/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

+179.9% since first listed

19 events — show timeline

• 2026-04-26 Pending — GCMLS AL
• 2026-03-17 Price Changed $137,150 GCMLS AL
• 2026-02-25 Price Changed $140,160 GCMLS AL
• 2026-02-08 Price Changed $145,165 GCMLS AL
• 2026-01-15 Listed $155,175 GCMLS AL
• 2023-03-22 Sold (Public Records) $140,000 Public Records
• 2023-03-20 Sold (MLS) $135,000 GCMLS AL
• 2023-03-20 Sold (MLS) $135,000 BCAR
• 2023-03-06 Pending — GCMLS AL
• 2023-03-06 Relisted — GCMLS AL
• 2023-02-13 Pending — BCAR
• 2023-02-13 Pending — GCMLS AL
• 2023-02-07 Listed $134,900 GCMLS AL
• 2023-02-05 Listed $134,900 BCAR
• 2021-03-22 Sold (Public Records) $114,500 Public Records
• 2021-03-12 Sold (MLS) $114,500 GCMLS AL
• 2021-03-12 Sold (MLS) $114,500 BCAR
• 2020-10-15 Listed $110,000 BCAR
• 2006-06-16 Sold (Public Records) $49,000 Public Records

Property tax history

+4.5%/yr

Latest (2023): $355 · -3.1% YoY. Source: county tax records.