9365 Chisholm Ct · Mobile, AL 36575

$229,900

3 bd · 2.0 ba · 1,508 sqft · SingleFamily public records · 4 Days on market

Built 1992 0.35 ac lot Est $229k · at est.

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Why this score? — see what drove the D- 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 +14.3/30.0
• ARV discount +7.4/15.0
• DSCR +4.4/10.0
• Livability +3.8/5.0
• 1% rule +2.8/10.0
• 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

** Open House Sunday 4/12 - 1-3pm** Welcome home to this cozy three-bedroom, two-bath residence tucked away on a quiet cul-de-sac with NO HOA. This charming property features beautiful split brick flooring in the living room that adds distinct character to the space. The open layout highlights a spacious kitchen that connects easily to the main living area, creating an ideal environment for entertaining or daily life.You will find fresh interior paint and no carpet throughout the entire home. For added convenience, the kitchen refrigerator stays with the property to ensure a smooth move.Major systems provide peace of mind with several recent updates. These include a water heater from 2021 and a fully refreshed HVAC system. The HVAC improvements include a new evaporator coil, outside fan motor, and exhaust, plus a brand new air handler installed in 2025.The large backyard offers plenty of room to relax or play. It also includes a storage building with a lean-to for extra storage. Located in a prime spot, this move in ready home provides comfort and style. Buyer to verify all information during due diligence.

Key facts

• 0.35 acre lot
• 4 parking spots
• Built 1992

Property features AI

Finance

• HOA & community: No community amenities; No transfer fees

Exterior

• Parking: Parking for 4 vehicles
• Utilities: Electric service by Alabama Power
• Home design: Single-family residence; One-story home; Resale property
• Construction: Brick construction; Slab foundation; Composition roof; Built with approximately 1508 square feet (seller provided)
• Exterior features: Fenced yard; Front porch; Exterior storage structure; No waterfront

Interior

• Kitchen: Dishwasher; Microwave; Gas range; Refrigerator
• Bedrooms: Primary bedroom on the 1st floor with primary bed/bath combo
• Flooring: Split brick flooring; Vinyl flooring
• Bathrooms: Two full bathrooms; Primary bathroom with double vanity and tub/shower combo
• Heating & cooling: Central electric heating
• Interior features: Entrance foyer; Living room; Ceiling fans; Split bedroom floor plan; Fireplace in the living room; Breakfast area adjacent to kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $43 ($516/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 $180k (21.9% below list).
• Recommended offer: $180k (21.9% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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: Allentown Elementary School (math 31% / reading 59%, grade D-, #169 of 627 statewide, top 27%, 776 students, 53% FRL); Semmes Middle School (math 8% / reading 35%, grade F, #185 of 257 statewide, top 73%, 1,318 students, 68% FRL); Mary G Montgomery High School (math 13% / reading 18%, grade F, #211 of 305 statewide, top 69%, 1,965 students, 53% FRL).
• Market conditions: 185 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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 3y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $179,573 (21.9% 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 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?
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.78% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.80%
• DSCR: 1.04
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $229,216
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9365 Chisholm Ct	0.00mi	3/2.0	1,452 (-4%)	1mo	$220,000	$152	93
9380 Sagebrush Ct	0.09mi	3/2.0	1,419 (-6%)	0mo	$167,500	$118	86
9395 Settlers Cir	0.20mi	3/2.0	1,468 (-3%)	4mo	$232,000	$158	83
1551 Homestead Dr W	0.33mi	3/2.0	1,507 (-0%)	6mo	$228,000	$151	79
1497 Champion Cv	0.30mi	3/2.5	1,588 (+5%)	5mo	$198,000	$125	71
9143 Prairie Dr	0.32mi	3/2.0	1,422 (-6%)	5mo	$190,000	$134	71
9410 Chisholm Ct	0.06mi	3/2.0	1,291 (-14%)	6mo	$185,000	$143	68
1837 Sandy Creek Dr	0.25mi	3/2.0	1,313 (-13%)	0mo	$227,500	$173	66
1779 Ranch House Dr	0.21mi	3/2.0	1,325 (-12%)	6mo	$225,000	$170	65
1850 Wagon Wheel Dr	0.39mi	3/2.0	1,370 (-9%)	3mo	$210,000	$153	64
9736 Sky Vista Dr	0.74mi	3/2.0	1,528 (+1%)	0mo	$259,000	$170	63
1820 Wagon Wheel Dr	0.37mi	3/2.0	1,341 (-11%)	3mo	$190,000	$142	62

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: -15.1%
• Equity multiple: 0.46×
• Total profit: $-34,618
• Equity at exit: $34,279

10-year hold

• IRR: -6.6%
• Equity multiple: 0.58×
• Total profit: $-27,039
• Equity at exit: $19,878

Cash invested: $64,372 (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 36575

• Home prices YoY: -21.8%
• Active inventory: 185
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,796 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$74 /mo · $890/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $43

Break-even live

Break-even rent $1,741

Max offer price $229,900

Occupancy floor 93%

Sensitivity live

Price	-10% $173	-5% $108	+0% $43	+5% $-22	+10% $-87
Rent	-10% $-99	-5% $-28	+0% $43	+5% $114	+10% $185
Rate	-1.0pp $159	-0.5pp $101	base $43	+0.5pp $-17	+1.0pp $-77

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-04-13
   status Pending 1125-char remark

   Show marketing remark (1125 chars)

   ** Open House Sunday 4/12 - 1-3pm** Welcome home to this cozy three-bedroom, two-bath residence tucked away on a quiet cul-de-sac with NO HOA. This charming property features beautiful split brick flooring in the living room that adds distinct character to the space. The open layout highlights a spacious kitchen that connects easily to the main living area, creating an ideal environment for entertaining or daily life.You will find fresh interior paint and no carpet throughout the entire home. For added convenience, the kitchen refrigerator stays with the property to ensure a smooth move.Major systems provide peace of mind with several recent updates. These include a water heater from 2021 and a fully refreshed HVAC system. The HVAC improvements include a new evaporator coil, outside fan motor, and exhaust, plus a brand new air handler installed in 2025.The large backyard offers plenty of room to relax or play. It also includes a storage building with a lean-to for extra storage. Located in a prime spot, this move in ready home provides comfort and style. Buyer to verify all information during due diligence.

2. 2026-04-13
   status Pending

   Show marketing remark (1125 chars)

   ** Open House Sunday 4/12 - 1-3pm** Welcome home to this cozy three-bedroom, two-bath residence tucked away on a quiet cul-de-sac with NO HOA. This charming property features beautiful split brick flooring in the living room that adds distinct character to the space. The open layout highlights a spacious kitchen that connects easily to the main living area, creating an ideal environment for entertaining or daily life.You will find fresh interior paint and no carpet throughout the entire home. For added convenience, the kitchen refrigerator stays with the property to ensure a smooth move.Major systems provide peace of mind with several recent updates. These include a water heater from 2021 and a fully refreshed HVAC system. The HVAC improvements include a new evaporator coil, outside fan motor, and exhaust, plus a brand new air handler installed in 2025.The large backyard offers plenty of room to relax or play. It also includes a storage building with a lean-to for extra storage. Located in a prime spot, this move in ready home provides comfort and style. Buyer to verify all information during due diligence.

3. 2026-04-09
   listed $229,900 Active

   Show marketing remark (1125 chars)

   ** Open House Sunday 4/12 - 1-3pm** Welcome home to this cozy three-bedroom, two-bath residence tucked away on a quiet cul-de-sac with NO HOA. This charming property features beautiful split brick flooring in the living room that adds distinct character to the space. The open layout highlights a spacious kitchen that connects easily to the main living area, creating an ideal environment for entertaining or daily life.You will find fresh interior paint and no carpet throughout the entire home. For added convenience, the kitchen refrigerator stays with the property to ensure a smooth move.Major systems provide peace of mind with several recent updates. These include a water heater from 2021 and a fully refreshed HVAC system. The HVAC improvements include a new evaporator coil, outside fan motor, and exhaust, plus a brand new air handler installed in 2025.The large backyard offers plenty of room to relax or play. It also includes a storage building with a lean-to for extra storage. Located in a prime spot, this move in ready home provides comfort and style. Buyer to verify all information during due diligence.

4. 2026-04-09
   listed $229,900 Active 1125-char remark

   Show marketing remark (1125 chars)

   ** Open House Sunday 4/12 - 1-3pm** Welcome home to this cozy three-bedroom, two-bath residence tucked away on a quiet cul-de-sac with NO HOA. This charming property features beautiful split brick flooring in the living room that adds distinct character to the space. The open layout highlights a spacious kitchen that connects easily to the main living area, creating an ideal environment for entertaining or daily life.You will find fresh interior paint and no carpet throughout the entire home. For added convenience, the kitchen refrigerator stays with the property to ensure a smooth move.Major systems provide peace of mind with several recent updates. These include a water heater from 2021 and a fully refreshed HVAC system. The HVAC improvements include a new evaporator coil, outside fan motor, and exhaust, plus a brand new air handler installed in 2025.The large backyard offers plenty of room to relax or play. It also includes a storage building with a lean-to for extra storage. Located in a prime spot, this move in ready home provides comfort and style. Buyer to verify all information during due diligence.

5. 2026-03-19
   historical $229,900 1125-char remark

   Show marketing remark (1125 chars)

   ** Open House Sunday 4/12 - 1-3pm** Welcome home to this cozy three-bedroom, two-bath residence tucked away on a quiet cul-de-sac with NO HOA. This charming property features beautiful split brick flooring in the living room that adds distinct character to the space. The open layout highlights a spacious kitchen that connects easily to the main living area, creating an ideal environment for entertaining or daily life.You will find fresh interior paint and no carpet throughout the entire home. For added convenience, the kitchen refrigerator stays with the property to ensure a smooth move.Major systems provide peace of mind with several recent updates. These include a water heater from 2021 and a fully refreshed HVAC system. The HVAC improvements include a new evaporator coil, outside fan motor, and exhaust, plus a brand new air handler installed in 2025.The large backyard offers plenty of room to relax or play. It also includes a storage building with a lean-to for extra storage. Located in a prime spot, this move in ready home provides comfort and style. Buyer to verify all information during due diligence.

6. 2026-03-19
   historical $229,900

   Show marketing remark (1125 chars)

   ** Open House Sunday 4/12 - 1-3pm** Welcome home to this cozy three-bedroom, two-bath residence tucked away on a quiet cul-de-sac with NO HOA. This charming property features beautiful split brick flooring in the living room that adds distinct character to the space. The open layout highlights a spacious kitchen that connects easily to the main living area, creating an ideal environment for entertaining or daily life.You will find fresh interior paint and no carpet throughout the entire home. For added convenience, the kitchen refrigerator stays with the property to ensure a smooth move.Major systems provide peace of mind with several recent updates. These include a water heater from 2021 and a fully refreshed HVAC system. The HVAC improvements include a new evaporator coil, outside fan motor, and exhaust, plus a brand new air handler installed in 2025.The large backyard offers plenty of room to relax or play. It also includes a storage building with a lean-to for extra storage. Located in a prime spot, this move in ready home provides comfort and style. Buyer to verify all information during due diligence.

7. 2023-09-06
   soldstatus $210,000
8. 2023-09-01
   soldstatus $210,000 Closed 707-char remark

   Show marketing remark (707 chars)

   This beautiful brick home is situated at the end of a cul-de-sac. Approximately 1508 square footage, built in 1992, this home is in a convenient location. The living room has a Beamed Cathedral ceiling and a fireplace to enjoy. The open kitchen has a large bar and the kitchen, living room, foyer, and laundry all have durable low-maintenance split brick flooring. The bedrooms and one bath have laminate wood-looking flooring. The Master bath has double vanities, a garden tub and a linen closet, and the master bedroom has a walk-in closet. The oversized concrete driveway leads to the large workshop with power. Enjoy the screened-in side porch and nice yard for entertaining. This home is USDA eligible!

9. 2023-07-18
   status Pending 707-char remark

   Show marketing remark (707 chars)

   This beautiful brick home is situated at the end of a cul-de-sac. Approximately 1508 square footage, built in 1992, this home is in a convenient location. The living room has a Beamed Cathedral ceiling and a fireplace to enjoy. The open kitchen has a large bar and the kitchen, living room, foyer, and laundry all have durable low-maintenance split brick flooring. The bedrooms and one bath have laminate wood-looking flooring. The Master bath has double vanities, a garden tub and a linen closet, and the master bedroom has a walk-in closet. The oversized concrete driveway leads to the large workshop with power. Enjoy the screened-in side porch and nice yard for entertaining. This home is USDA eligible!

10. 2023-07-14
    listed $199,500 Active 707-char remark

    Show marketing remark (707 chars)

    This beautiful brick home is situated at the end of a cul-de-sac. Approximately 1508 square footage, built in 1992, this home is in a convenient location. The living room has a Beamed Cathedral ceiling and a fireplace to enjoy. The open kitchen has a large bar and the kitchen, living room, foyer, and laundry all have durable low-maintenance split brick flooring. The bedrooms and one bath have laminate wood-looking flooring. The Master bath has double vanities, a garden tub and a linen closet, and the master bedroom has a walk-in closet. The oversized concrete driveway leads to the large workshop with power. Enjoy the screened-in side porch and nice yard for entertaining. This home is USDA eligible!

11. 2017-12-08
    soldstatus $128,500

ⓘ 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: $890 · $74/mo
• Projected year-2 tax: $943 · $79/mo
• Expected delta: +$52/yr (+$4/mo · 5.9%)

ⓘ 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 ≥106°F today · 20 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: $21,549
• − Mortgage interest: −$12,878
• − Property taxes: −$890
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,724
• − Management: −$1,724
• − Depreciation: −$6,688
• Taxable loss: −$3,505
• Est. tax savings @ 24.0%: +$841
• After-tax cash flow: $1,357/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

• City population: 205,729
• Population (ZIP): 22,444

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 White (73%)
• Race & ethnicity: White 73% Black 19% Hispanic / Latino 5% Two or more races 3%
• Common ancestry: Lithuanian 2% Slovak 2% Serbian 2%
• Foreign-born: 2% · Canada, Vietnam
• Languages at home: 97% English-only · Spanish 2% Vietnamese 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: ▼ -60.58%
• Current HPI: 217.5112
• 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

+78.9% since first listed

11 events — show timeline

• 2026-04-13 Pending — GCMLS AL
• 2026-04-13 Pending — BCAR
• 2026-04-09 Listed $229,900 BCAR
• 2026-04-09 Listed $229,900 GCMLS AL
• 2026-03-19 Coming Soon $229,900 GCMLS AL
• 2026-03-19 Coming Soon $229,900 BCAR
• 2023-09-06 Sold (Public Records) $210,000 Public Records
• 2023-09-01 Sold (MLS) $210,000 GCMLS AL
• 2023-07-18 Pending — GCMLS AL
• 2023-07-14 Listed $199,500 GCMLS AL
• 2017-12-08 Sold (Public Records) $128,500 Public Records

Property tax history

+4.5%/yr

Latest (2025): $890 · -56.5% YoY. Source: county tax records.