871 Forest Wood Dr · Mobile, AL 36608

$119,000

3 bd · 1.5 ba · 1,518 sqft · SingleFamily public records · 1 Days on market

Built 1960 10,454 sqft lot Est $194k · 39% 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 +9.7/10.0
• 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

This 3 bedroom, 1.5 bath brick home is ready for your vision! Offering plenty of potential, this brick fixer upper is waiting for some TLC to bring it back to life. Conveniently located just off Zeigler Blvd near the University of South Alabama, this home sits on a desirable corner lot with room to make it your own. Whether you're looking for a primary residence or investment opportunity, the possibilities are endless. Cash buyers only. Property to be sold as is and subject to the approval of Probate Court.

Key facts

• Brick home
• Corner lot
• 0.24 acre lot

Tags

• BRICK HOME
• CORNER LOT

Property features AI

Finance

• Other: Listing broker: Shamrock Properties, LLC
• HOA & community: No HOA transfer fees; No community amenities

Exterior

• Utilities: Electric service by Alabama Power
• Home design: One-story; Resale property; Corner-facing lot entry
• Construction: Brick construction; Slab foundation; Composition roof; Built area listed as 1,518 square feet
• Exterior features: Corner lot; No waterfront

Interior

• Kitchen: Electric range; Refrigerator
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating
• Interior features: Ceiling fans

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $119k.

Deal economics

• At list price, monthly cash flow is $597 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $119k).
• Cap rate 12.3% 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; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).
• This rent runs 34% of the median local income ($61k/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 $823 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 + 6.2% rent growth), your $33k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 1 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.

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 $119,000

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.47% ✓
• Cap rate: 12.32%
• Cash-on-cash: 21.51%
• DSCR: 1.96
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $194,304
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5964 Montfort Rd S	0.14mi	3/2.0	1,395 (-8%)	1mo	$170,000	$122	77
816 E Montfort Rd	0.30mi	3/1.5	1,383 (-9%)	14mo	$152,500	$110	59
801 Parkwood Dr E	0.26mi	3/2.0	1,587 (+4%)	24mo	$226,500	$143	58
1004 Locarno St	0.24mi	3/2.5	1,598 (+5%)	24mo	$205,000	$128	56
5905 Chalet Dr N	0.50mi	3/2.0	1,600 (+5%)	17mo	$172,500	$108	51
814 Nassau Dr	0.64mi	3/2.0	1,719 (+13%)	4mo	$269,900	$157	43
6259 Parkbrook Dr	0.36mi	4/3.0 (+1)	1,733 (+14%)	8mo	$201,500	$116	42
1112 Matterhorn St	0.45mi	3/2.0	1,696 (+12%)	18mo	$153,000	$90	42
6405 Zeigler Blvd	0.56mi	4/1.5 (+1)	1,381 (-9%)	17mo	$180,000	$130	40
1104 Chalet Dr E	0.49mi	3/2.0	1,700 (+12%)	19mo	$185,000	$109	39
815 Nassau Dr	0.60mi	3/2.0	1,736 (+14%)	15mo	$237,000	$137	34
5514 Richmond Rd	0.71mi	3/2.0	1,624 (+7%)	24mo	$240,600	$148	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: 17.5%
• Equity multiple: 1.74×
• Total profit: $24,501
• Equity at exit: $17,743

10-year hold

• IRR: 28.1%
• Equity multiple: 3.87×
• Total profit: $95,463
• Equity at exit: $10,289

Cash invested: $33,320 (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: 5.7×

Monthly cashflow live

• Estimated rent: $1,755 high
• Mortgage (P&I): −$624
• Tax from tax record: −$115 /mo · $1,386/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $597

Break-even live

Break-even rent $999

Max offer price $119,000

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5855 Woodvale Dr Mobile, AL	3.0	1.5	1712	$1,350	$0.79	21d	1	0.12mi
5904 Saint Gallen Ave S Unit 1043743P Mobile, AL	4.0	2.0	1496	$3,719	$2.49	21d	1	0.22mi
912 Wendover Rd Unit 1043703P Mobile, AL	4.0	2.5	1496	$3,190	$2.13	21d	1	0.29mi
5477 Ardell Dr Unit 1043691P Mobile, AL	3.0	2.0	1496	$2,680	$1.79	13d	1	0.70mi
1305 Middle Ring Rd Mobile, AL	3.0	1.0	1100	$1,400	$1.27	44d	1	0.74mi
1253 Athey Rd Mobile, AL	3.0	2.0	1100	$1,500	$1.36	13d	1	0.92mi
5613 Overlook Rd Mobile, AL	3.0	1.5	1520	$1,450	$0.95	44d	1	0.97mi
1257 Devander Dr Mobile, AL	3.0	1.0	1144	$1,200	$1.05	44d	1	0.99mi
316 Syracuse St Mobile, AL	3.0	2.0	1776	$1,875	$1.06	13d	1	1.02mi
304 N University Blvd Unit 1043721P Mobile, AL	4.0	2.5	1496	$4,148	$2.77	21d	1	1.03mi
5520 Vienna Ave Mobile, AL	3.0	2.0	1745	$1,395	$0.80	44d	1	1.08mi
5508 Overlook Rd Mobile, AL	3.0	2.0	1260	$1,400	$1.11	13d	1	1.09mi
914 David Langan Dr E Mobile, AL	3.0	1.0	1080	$1,450	$1.34	44d	1	1.11mi
6807 Victor Rd Mobile, AL	3.0	1.0	1100	$1,350	$1.23	44d	1	1.25mi
1104 Garland St Mobile, AL	3.0	1.0	1377	$1,450	$1.05	21d	1	1.35mi
5213 Pineview Ln S Mobile, AL	3.0	1.0	1176	$1,575	$1.34	44d	1	1.46mi
1631 Colonial Oaks Dr Mobile, AL	3.0	1.0	1196	$1,100	$0.92	44d	1	1.48mi

Listing history 4 events

1. 2026-05-30
   status $119,000 Pending 1 DOM
2. 2026-05-29
   status Pending 512-char remark

   Show marketing remark (512 chars)

   This 3 bedroom, 1.5 bath brick home is ready for your vision! Offering plenty of potential, this brick fixer upper is waiting for some TLC to bring it back to life. Conveniently located just off Zeigler Blvd near the University of South Alabama, this home sits on a desirable corner lot with room to make it your own. Whether you're looking for a primary residence or investment opportunity, the possibilities are endless. Cash buyers only. Property to be sold as is and subject to the approval of Probate Court.

3. 2026-05-27
   listed $119,000 Active 512-char remark

   Show marketing remark (512 chars)

   This 3 bedroom, 1.5 bath brick home is ready for your vision! Offering plenty of potential, this brick fixer upper is waiting for some TLC to bring it back to life. Conveniently located just off Zeigler Blvd near the University of South Alabama, this home sits on a desirable corner lot with room to make it your own. Whether you're looking for a primary residence or investment opportunity, the possibilities are endless. Cash buyers only. Property to be sold as is and subject to the approval of Probate Court.

4. 2026-05-27
   listed $119,000 Active

   Show marketing remark (512 chars)

   This 3 bedroom, 1.5 bath brick home is ready for your vision! Offering plenty of potential, this brick fixer upper is waiting for some TLC to bring it back to life. Conveniently located just off Zeigler Blvd near the University of South Alabama, this home sits on a desirable corner lot with room to make it your own. Whether you're looking for a primary residence or investment opportunity, the possibilities are endless. Cash buyers only. Property to be sold as is and subject to the approval of Probate Court.

ⓘ 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: $1,386 · $115/mo
• Projected year-2 tax: $1,386 · $115/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 2/10 Low
• 🌡 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: $21,059
• − Mortgage interest: −$6,666
• − Property taxes: −$1,386
• − Insurance: −$595
• − Repairs & maintenance: −$1,685
• − Management: −$1,685
• − Depreciation: −$3,462
• Taxable income: $5,581
• Est. tax owed @ 24.0%: −$1,340
• After-tax cash flow: $5,828/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

+0.0% since first listed

3 events — show timeline

• 2026-05-29 Pending — GCMLS AL
• 2026-05-27 Listed $119,000 GCMLS AL
• 2026-05-27 Listed $119,000 BCAR

Property tax history

+1.9%/yr

Latest (2025): $1,386 · +5.2% YoY. Source: county tax records.