3014 Farcott St · Mobile, AL 36606

$139,900

5 bd · 2.0 ba · 1,500 sqft · SingleFamily public records · 40 Days on market

Built 1955 7,623 sqft lot $93/sqft · 11% below area Est $158k · 11% 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 +12.5/15.0
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

NEW FORTIFIED ROOF IN '24!!!! Spacious 5 bedroom, 2 bath centrally located home with easy interstate access. HVAC approximately 5 years old and wiring has been updated according to 2022 inspection report. Would make a GREAT rental or starter home! 2 driveways and a carport provide ample parking. There is a large covered porch in the backyard for hanging out on warm days as well as a shed. The primary and one secondary bedroom are located in the back of the home with convenient access to the indoor laundry. They are split from the other 3 beds and a bath located off a hallway at the front of the home. Refrigerator included with the home.

Key facts

• Updated wiring
• Large covered porch
• Ample parking

Tags

• FORTIFIED ROOF
• EASY INTERSTATE ACCESS
• UPDATED WIRING
• LARGE COVERED PORCH
• AMPLE PARKING
• INDOOR LAUNDRY

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $670 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.0% 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 (+5.1%/yr); 174 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).
• At $1,975/mo this rent would consume 46% of the median local household income ($51k/yr) (locally 999% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 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 + 5.1% rent growth), your $39k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 6y ago 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 $109k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• 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 $135,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.41% ✓
• Cap rate: 12.04%
• Cash-on-cash: 20.51%
• DSCR: 1.91
• GRM: 5.9

CMA / ARV

• ARV (median comp): $157,514
• List price: $139,900
• Delta: -11.18%
• Verdict: UNDERPRICED
• Comps: 16 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
966 Delmar Dr	0.63mi	4/2.0 (-1)	1,360 (-9%)	12mo	$147,000	$108	40

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 · 5.06% rent growth · sell at horizon

5-year hold

• IRR: 15.0%
• Equity multiple: 1.62×
• Total profit: $24,132
• Equity at exit: $20,860

10-year hold

• IRR: 25.1%
• Equity multiple: 3.39×
• Total profit: $93,730
• Equity at exit: $12,096

Cash invested: $39,172 (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 36606

• Rents YoY: 5.1%
• Active inventory: 174
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,975 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$99 /mo · $1,182/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $670

Break-even live

Break-even rent $1,127

Max offer price $139,900

Occupancy floor 61%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2863 Potter Dr Unit 1043693P Mobile, AL	4.0	2.0	1496	$3,049	$2.04	13d	1	0.99mi

Listing history 22 events

1. 2026-05-31
   days on marketlisting id $139,900 Pending 40 DOM
2. 2026-05-14
   status Pending 644-char remark

   Show marketing remark (698 chars)

   NEW FORTIFIED ROOF IN '24!!!! Spacious 5 bedroom, 2 bath centrally located home with easy interstate access. HVAC approximately 5 years old and wiring has been updated according to 2022 inspection report. Would make a GREAT rental or starter home! 2 driveways and a carport provide ample parking. There is a large covered porch in the backyard for hanging out on warm days as well as a shed. The primary and one secondary bedroom are located in the back of the home with convenient access to the indoor laundry. They are split from the other 3 beds and a bath located off a hallway at the front of the home. Refrigerator included with the home. Buyer to verify all information during due diligence.

3. 2026-05-14
   status Pending 698-char remark

   Show marketing remark (698 chars)

   NEW FORTIFIED ROOF IN '24!!!! Spacious 5 bedroom, 2 bath centrally located home with easy interstate access. HVAC approximately 5 years old and wiring has been updated according to 2022 inspection report. Would make a GREAT rental or starter home! 2 driveways and a carport provide ample parking. There is a large covered porch in the backyard for hanging out on warm days as well as a shed. The primary and one secondary bedroom are located in the back of the home with convenient access to the indoor laundry. They are split from the other 3 beds and a bath located off a hallway at the front of the home. Refrigerator included with the home. Buyer to verify all information during due diligence.

4. 2026-05-05
   status Active 644-char remark

   Show marketing remark (698 chars)

   NEW FORTIFIED ROOF IN '24!!!! Spacious 5 bedroom, 2 bath centrally located home with easy interstate access. HVAC approximately 5 years old and wiring has been updated according to 2022 inspection report. Would make a GREAT rental or starter home! 2 driveways and a carport provide ample parking. There is a large covered porch in the backyard for hanging out on warm days as well as a shed. The primary and one secondary bedroom are located in the back of the home with convenient access to the indoor laundry. They are split from the other 3 beds and a bath located off a hallway at the front of the home. Refrigerator included with the home. Buyer to verify all information during due diligence.

5. 2026-05-05
   listed $139,900 Active 698-char remark

   Show marketing remark (698 chars)

   NEW FORTIFIED ROOF IN '24!!!! Spacious 5 bedroom, 2 bath centrally located home with easy interstate access. HVAC approximately 5 years old and wiring has been updated according to 2022 inspection report. Would make a GREAT rental or starter home! 2 driveways and a carport provide ample parking. There is a large covered porch in the backyard for hanging out on warm days as well as a shed. The primary and one secondary bedroom are located in the back of the home with convenient access to the indoor laundry. They are split from the other 3 beds and a bath located off a hallway at the front of the home. Refrigerator included with the home. Buyer to verify all information during due diligence.

6. 2026-05-01
   historical 644-char remark

   Show marketing remark (644 chars)

   NEW FORTIFIED ROOF IN '24!!!! Spacious 5 bedroom, 2 bath centrally located home with easy interstate access. HVAC approximately 5 years old and wiring has been updated according to 2022 inspection report. Would make a GREAT rental or starter home! 2 driveways and a carport provide ample parking. There is a large covered porch in the backyard for hanging out on warm days as well as a shed. The primary and one secondary bedroom are located in the back of the home with convenient access to the indoor laundry. They are split from the other 3 beds and a bath located off a hallway at the front of the home. Refrigerator included with the home.

7. 2026-03-31
   listed $139,900 Active 644-char remark

   Show marketing remark (644 chars)

   NEW FORTIFIED ROOF IN '24!!!! Spacious 5 bedroom, 2 bath centrally located home with easy interstate access. HVAC approximately 5 years old and wiring has been updated according to 2022 inspection report. Would make a GREAT rental or starter home! 2 driveways and a carport provide ample parking. There is a large covered porch in the backyard for hanging out on warm days as well as a shed. The primary and one secondary bedroom are located in the back of the home with convenient access to the indoor laundry. They are split from the other 3 beds and a bath located off a hallway at the front of the home. Refrigerator included with the home.

8. 2026-03-31
   listed $139,900 Active

   Show marketing remark (644 chars)

   NEW FORTIFIED ROOF IN '24!!!! Spacious 5 bedroom, 2 bath centrally located home with easy interstate access. HVAC approximately 5 years old and wiring has been updated according to 2022 inspection report. Would make a GREAT rental or starter home! 2 driveways and a carport provide ample parking. There is a large covered porch in the backyard for hanging out on warm days as well as a shed. The primary and one secondary bedroom are located in the back of the home with convenient access to the indoor laundry. They are split from the other 3 beds and a bath located off a hallway at the front of the home. Refrigerator included with the home.

9. 2026-01-08
   price $145,000
10. 2026-01-08
    price $145,000
11. 2025-11-10
    status Active
12. 2025-10-14
    status Pending
13. 2025-09-26
    price $150,170
14. 2025-09-21
    price $150,170
15. 2025-08-19
    listed $160,000 Active
16. 2022-06-09
    price $1,400
17. 2022-04-26
    soldstatus $109,000
18. 2022-04-18
    soldstatus $109,900
19. 2020-06-17
    soldstatus $33,500
20. 2020-06-17
    soldstatus $33,500
21. 2020-05-18
    listed $36,000
22. 2009-03-03
    soldstatus $80,051

ⓘ 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: $1,182 · $99/mo
• Projected year-2 tax: $1,182 · $99/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 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 21 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: $23,696
• − Mortgage interest: −$7,837
• − Property taxes: −$1,182
• − Insurance: −$700
• − Repairs & maintenance: −$1,896
• − Management: −$1,896
• − Depreciation: −$4,070
• Taxable income: $6,116
• Est. tax owed @ 24.0%: −$1,468
• After-tax cash flow: $6,566/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): 18,728
• Household income: $51,303
• Rent vs Own: 51.3% rent · 48.7% own
• Severe rent burden: 999.0

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: Majority Black (56%)
• Race & ethnicity: Black 56% White 37% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Italian 2% Scottish 2% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -232.19%
• Current HPI: 145.9025
• Rent YoY: ▲ 5.06%
• 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

+74.8% since first listed

21 events — show timeline

• 2026-05-14 Pending — GCMLS AL
• 2026-05-14 Pending — BCAR
• 2026-05-05 Relisted — GCMLS AL
• 2026-05-05 Listed $139,900 BCAR
• 2026-05-01 Delisted — GCMLS AL
• 2026-03-31 Listed $139,900 GCMLS AL
• 2026-03-31 Listed $139,900 BCAR
• 2026-01-08 Price Changed $145,000 GCMLS AL
• 2026-01-08 Price Changed $145,000 BCAR
• 2025-11-10 Relisted — BCAR
• 2025-10-14 Pending — BCAR
• 2025-09-26 Price Changed $150,170 BCAR
• 2025-09-21 Price Changed $150,170 GCMLS AL
• 2025-08-19 Listed $160,000 BCAR
• 2022-06-09 Price Changed $1,400 RENT.
• 2022-04-26 Sold (Public Records) $109,000 Public Records
• 2022-04-18 Sold (MLS) $109,900 GCMLS AL
• 2020-06-17 Sold (MLS) $33,500 GCMLS AL
• 2020-06-17 Sold (MLS) $33,500 BCAR
• 2020-05-18 Listed $36,000 BCAR
• 2009-03-03 Sold (Public Records) $80,051 Public Records

Property tax history

+9.2%/yr

Latest (2025): $1,182 · +0.0% YoY. Source: county tax records.