259 N Warren St · Mobile, AL 36603

$139,900

3 bd · 1.0 ba · 1,360 sqft · SingleFamily public records · 6 Days on market

Built 1976 3,484 sqft lot Est $212k · 34% 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 +27.5/30.0
• ARV discount +15.0/15.0
• DSCR +9.7/10.0
• 1% rule +7.5/10.0
• Appreciation +5.7/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks

Located in a prime Midtown location just minutes from downtown, this 3-bedroom, 1-bath home offers approximately 1,360 square feet of living space and is full of potential. With solid bones and plenty of character, it’s the perfect opportunity for buyers looking to add their own personal touches while building equity in a sought-after area. Inside, you’ll find a stylish remodeled kitchen featuring sleek black cabinetry and modern finishes, along with an abundance of natural light that enhances the home’s inviting Midtown vibe. The spacious layout offers comfortable living, while the welcoming front porch provides the perfect spot to relax and enjoy the neighborhood. Outsid

Key facts

• Remodeled kitchen
• Front porch
• Major updates

Tags

• PRIME MIDTOWN LOCATION
• REMODELED KITCHEN
• FENCED BACKYARD
• FRONT PORCH
• MAJOR UPDATES

Property features AI

Exterior

• Parking: Driveway; Parking for 1 vehicle
• Utilities: Public sewer; Electric: other
• Home design: Single family residence; Residential property
• Construction: Built in 1976; Frame construction with wood siding; Shingle roof and other roofing; Pillar/Post/Pier foundation
• Exterior features: Other exterior features; Fenced yard; Property has a view

Interior

• Kitchen: Other kitchen features
• Bedrooms: 3 bedrooms
• Flooring: Carpet flooring; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Ceiling fan(s) for cooling
• Interior features: Other interior features; Fireplace in the family room
• Laundry & utility: Other appliances

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $348 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 9.9% 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: Florence Howard Elementary School (math 2% / reading 22%, grade F, #536 of 627 statewide, top 88%, 488 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 7% at this address vs 27% district-wide (-20 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: 36 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% 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).

Forward outlook

• In year one you build about $3k of equity ($967 loan paydown + $2k appreciation (1.3% local appreciation)).
• Mobile County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (1.3% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; 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 $139,900

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.25% ✓
• Cap rate: 9.85%
• Cash-on-cash: 12.70%
• DSCR: 1.57
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $212,160
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
161 N Cedar St	0.13mi	2/1.0 (-1)	1,165 (-14%)	6mo	$115,000	$99	61
1015 Old Shell Rd	0.53mi	2/2.0 (-1)	1,435 (+6%)	2mo	$250,000	$174	56
317 Joachim St N	0.38mi	2/1.5 (-1)	1,460 (+7%)	11mo	$228,000	$156	54
1154 Old Shell Rd	0.69mi	3/1.0	1,473 (+8%)	1mo	$235,000	$160	53
213 Pine St N	0.48mi	3/2.0	1,336 (-2%)	23mo	$124,900	$93	52
159 S Dearborn St	0.56mi	2/2.0 (-1)	1,400 (+3%)	12mo	$392,000	$280	50
1159 Old Shell Rd	0.72mi	2/2.0 (-1)	1,350 (-1%)	8mo	$325,000	$241	50
12 Hallett St S	0.70mi	2/2.0 (-1)	1,262 (-7%)	1mo	$218,000	$173	45
14 Pine St S	0.66mi	3/1.0	1,312 (-4%)	24mo	$185,000	$141	44
1012 Old Shell Rd	0.50mi	2/1.0 (-1)	1,215 (-11%)	18mo	$180,000	$148	39
213 Kennedy St	0.58mi	3/2.0	1,201 (-12%)	15mo	$160,000	$133	37
1159 Hercules St	0.66mi	3/2.0	1,172 (-14%)	14mo	$160,000	$137	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.32% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.3%
• Equity multiple: 1.69×
• Total profit: $27,077
• Equity at exit: $50,114

10-year hold

• IRR: 16.6%
• Equity multiple: 3.08×
• Total profit: $81,446
• Equity at exit: $68,457

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 36603

• Home prices YoY: 2.8%
• Active inventory: 36
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,749 high
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,098/yr
• Insurance: −$58
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $348

Break-even live

Break-even rent $1,308

Max offer price $139,900

Occupancy floor 75%

Sensitivity live

Price	-10% $445	-5% $397	+0% $348	+5% $300	+10% $252
Rent	-10% $210	-5% $279	+0% $348	+5% $417	+10% $486
Rate	-1.0pp $419	-0.5pp $384	base $348	+0.5pp $312	+1.0pp $275

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 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
412 Dauphin St Mobile, AL	2.0	1.0–2.5	1553	$2,350	$1.51	14d	2	0.38mi
961 Old Shell Rd Unit A Mobile, AL	3.0	2.5	1600	$1,295	$0.81	45d	1	0.47mi
500 Palmetto St Mobile, AL	3.0	2.0	1786	$1,450	$0.81	45d	1	0.86mi
57 N Ann St Unit 1043453P Mobile, AL	2.0	2.0	1065	$2,015	$1.89	22d	1	0.87mi
957 Savannah St Mobile, AL	2.0	1.5	1054	$1,400	$1.33	22d	1	0.96mi
1141 Montauk Ave Unit 1043864P Mobile, AL	3.0	2.0	1420	$2,741	$1.93	14d	1	0.97mi
1013 Elmira St Unit A Mobile, AL	2.0	1.0	1000	$995	$0.99	22d	1	1.12mi
600 S Washington Ave Mobile, AL	1.0–2.0	1.0	820	$1,058	$1.29	45d	2	1.27mi
1566 Dauphin St Unit Back Carriage House Mobile, AL	3.0	1.0	1300	$1,200	$0.92	45d	1	1.44mi
84 S Lafayette St Unit 1043577P Mobile, AL	3.0	2.0	1496	$3,116	$2.08	14d	1	1.45mi
111 S Catherine St Mobile, AL	2.0	1.0	891	$899	$1.01	45d	1	1.46mi
1417 Monroe St Mobile, AL	2.0	1.0	1064	$1,350	$1.27	45d	1	1.48mi
711 Marine St Mobile, AL	2.0	1.0	1100	$1,150	$1.05	45d	1	1.49mi

Listing history 5 events

1. 2026-06-21
   days on market $139,900 Active 6 DOM
2. 2026-06-18
   days on market $139,900 Active 3 DOM
3. 2026-06-17
   days on market $139,900 Active 2 DOM
4. 2026-06-15
   remarks 681-char remark
5. 2026-06-15
   listed $139,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°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: $20,985
• − Mortgage interest: −$7,837
• − Property taxes: −$2,098
• − Insurance: −$1,497
• − Repairs & maintenance: −$1,679
• − Management: −$1,679
• − Depreciation: −$4,070
• Taxable income: $2,126
• Est. tax owed @ 24.0%: −$510
• After-tax cash flow: $3,669/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
• City population: 205,729
• Population (ZIP): 7,805

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 (85%)
• Race & ethnicity: Black 85% White 12% Two or more races 1% Hispanic / Latino 1%
• Common ancestry: Lithuanian 1%
• Foreign-born: 1% · Canada
• 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: ▲ 1.32%
• Current HPI: 48.9551
• 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

1 event — show timeline

• 2026-06-15 Listed $139,900 GCMLS AL

Property tax history

-3.1%/yr

Latest (2025): $186 · -26.5% YoY. Source: county tax records.