612 Elba Ave · Prichard, AL 36612

$47,900

3 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 45 Days on market

Built 1974 7,936 sqft lot $42/sqft · 10% below area Est $53k · 10% under

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Why this score? — see what drove the A- 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 +11.9/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +8.8/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

BUY ONE GET ONE FREE! Get two houses for the price of one: Adjacent home included in the sale price. Quiet Street in 36612 3 Bed/ 1 Bath each Full Rehab necessary on each house. Come with HUGE LOT (almost 2 acres) in back yard.

Key facts

• Large lot
• 7,936 sq ft lot
• 5 parking spots

Tags

• LARGE LOT
• NO IMMEDIATE NEIGHBORS

Property features AI

Exterior

• Parking: Parking for 5 vehicles; Driveway; Parking pad
• Utilities: Electricity available (220 volts); Public sewer; Water available
• Home design: Single family residence; Residential property
• Construction: Shingle roof; Slab foundation; Wood-framed windows
• Exterior features: No notable exterior features; No fencing; Property has a view

Interior

• Kitchen: Other kitchen features
• Bedrooms: 3 bedrooms
• Flooring: Other flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating; Other cooling
• Interior features: Other interior features; No fireplaces
• Laundry & utility: Other appliances

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $48k.

Deal economics

• At list price, monthly cash flow is $470 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($963 rent vs $48k).
• Recommended offer: $46k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 54/100 on livability (#472 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: crime F, amenities F, commute F.
• 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: Collinsrhodes Elementary School (math 8% / reading 26%, grade F, #499 of 627 statewide, top 80%, 615 students, 90% FRL); Chastangfournier Middle School (math 0% / reading 15%, grade F, #598 of 627 statewide, top 96%, 551 students, 96% FRL); Mattie T Blount High School (math 2% / reading 3%, grade F, #291 of 305 statewide, top 100%, 1,176 students, 86% FRL) — zoned schools average 91% FRL vs 67% district-wide (23 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: 17 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($331 loan paydown + $4k appreciation (7.6% 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 (7.6% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($46k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 $20k; list at $48k implies a 140% gain — meaningful room to come down on a strong offer.

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 $46,463 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 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 1974 — 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: 2.01% ✓
• Cap rate: 18.07%
• Cash-on-cash: 42.07%
• DSCR: 2.87
• GRM: 4.1

CMA / ARV

• ARV (median comp): $53,145
• List price: $47,900
• Delta: -9.87%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
346 Fall Ave	0.64mi	3/1.5	1,144 (-1%)	1mo	$42,000	$37	66
3142 W Turner Rd	0.24mi	2/1.0 (-1)	1,040 (-10%)	8mo	$15,000	$14	62
3318 Vestavia St	0.59mi	3/1.5	1,075 (-7%)	3mo	$150,000	$140	57
3407 Vestavia St	0.63mi	3/1.5	1,075 (-7%)	9mo	$148,000	$138	50
1640 Bear Fork Rd	0.67mi	2/1.0 (-1)	1,030 (-11%)	5mo	$38,000	$37	42
362 Fall Ave	0.67mi	2/1.0 (-1)	1,268 (+10%)	17mo	$42,500	$34	33
1647 Wolf Ridge Rd	0.54mi	2/1.5 (-1)	1,312 (+14%)	22mo	$25,000	$19	26

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

Projected returns pro-forma

7.58% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 53.7%
• Equity multiple: 4.61×
• Total profit: $48,391
• Equity at exit: $35,029

10-year hold

• IRR: 49.2%
• Equity multiple: 9.81×
• Total profit: $118,117
• Equity at exit: $68,273

Cash invested: $13,412 (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 36612

• Home prices YoY: 6.2%
• Active inventory: 17
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $963 high
• Mortgage (P&I): −$251
• Tax from tax record: −$20 /mo · $236/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$202
• Net cashflow: $470

Break-even live

Break-even rent $368

Max offer price $47,900

Occupancy floor 46%

Sensitivity live

Price	-10% $497	-5% $484	+0% $470	+5% $457	+10% $443
Rent	-10% $394	-5% $432	+0% $470	+5% $508	+10% $546
Rate	-1.0pp $494	-0.5pp $482	base $470	+0.5pp $458	+1.0pp $445

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: $11,975
• Closing costs: $1,437
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1701 Bear Fork Rd Unit 7 Mobile, AL	3.0	2.0	1064	$950	$0.89	45d	1	0.67mi
1701 Bear Fork Rd Unit 2 Mobile, AL	2.0	2.0	1064	$875	$0.82	45d	1	0.67mi
100 Dairy Rd Mobile, AL	2.0–3.0	2.0	999	$1,100	$1.10	15d	1	0.71mi
3427 Stovall St Mobile, AL	3.0	1.0	1025	$850	$0.83	23d	1	0.91mi
408 Rawls Ave Mobile, AL	2.0	1.0	1032	$1,100	$1.07	15d	1	1.36mi
156 9th Ave Chickasaw, AL	2.0	1.0	720	$950	$1.32	23d	1	1.40mi

Listing history 24 events

1. 2026-06-21
   days on market $47,900 Active 45 DOM
2. 2026-06-18
   days on market $47,900 Active 42 DOM
3. 2026-06-17
   days on market $47,900 Active 41 DOM
4. 2026-06-16
   days on market $47,900 Active 40 DOM
5. 2026-06-15
   days on market $47,900 Active 39 DOM
6. 2026-06-14
   days on market $47,900 Active 37 DOM
7. 2026-06-13
   days on market $47,900 Active 36 DOM
8. 2026-06-10
   days on market $47,900 Active 34 DOM
9. 2026-06-09
   days on market $47,900 Active 33 DOM
10. 2026-06-08
    days on market $47,900 Active 32 DOM
11. 2026-06-07
    days on market $47,900 Active 31 DOM
12. 2026-06-05
    days on market $47,900 Active 28 DOM
13. 2026-06-03
    days on market $47,900 Active 27 DOM
14. 2026-06-02
    days on market $47,900 Active 26 DOM
15. 2026-06-01
    days on market $47,900 Active 25 DOM
16. 2026-05-31
    days on market $47,900 Active 24 DOM
17. 2026-05-30
    days on market $47,900 Active 23 DOM
18. 2026-05-07
    listed $47,900 Active 96-char remark
19. 2024-12-27
    soldstatus $20,000 Closed 233-char remark

    Show marketing remark (233 chars)

    BUY ONE GET ONE FREE! Get two houses for the price of one: Adjacent home included in the sale price. Quiet Street in 36612 3 Bed/ 1 Bath each Full Rehab necessary on each house. Come with HUGE LOT (almost 2 acres) in back yard.

20. 2024-12-27
    soldstatus $16,000

    Show marketing remark (233 chars)

    BUY ONE GET ONE FREE! Get two houses for the price of one: Adjacent home included in the sale price. Quiet Street in 36612 3 Bed/ 1 Bath each Full Rehab necessary on each house. Come with HUGE LOT (almost 2 acres) in back yard.

21. 2024-12-27
    soldstatus $20,000

    Show marketing remark (233 chars)

    BUY ONE GET ONE FREE! Get two houses for the price of one: Adjacent home included in the sale price. Quiet Street in 36612 3 Bed/ 1 Bath each Full Rehab necessary on each house. Come with HUGE LOT (almost 2 acres) in back yard.

22. 2024-10-22
    status Pending 233-char remark

    Show marketing remark (233 chars)

    BUY ONE GET ONE FREE! Get two houses for the price of one: Adjacent home included in the sale price. Quiet Street in 36612 3 Bed/ 1 Bath each Full Rehab necessary on each house. Come with HUGE LOT (almost 2 acres) in back yard.

23. 2024-10-18
    price $23,000 233-char remark

    Show marketing remark (233 chars)

    BUY ONE GET ONE FREE! Get two houses for the price of one: Adjacent home included in the sale price. Quiet Street in 36612 3 Bed/ 1 Bath each Full Rehab necessary on each house. Come with HUGE LOT (almost 2 acres) in back yard.

24. 2024-09-28
    listed $29,000 Active 233-char remark

    Show marketing remark (233 chars)

    BUY ONE GET ONE FREE! Get two houses for the price of one: Adjacent home included in the sale price. Quiet Street in 36612 3 Bed/ 1 Bath each Full Rehab necessary on each house. Come with HUGE LOT (almost 2 acres) in back yard.

ⓘ 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: $236 · $20/mo
• Projected year-2 tax: $236 · $20/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 ≥104°F today · 20 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,560
• − Mortgage interest: −$2,683
• − Property taxes: −$236
• − Insurance: −$240
• − Repairs & maintenance: −$925
• − Management: −$925
• − Depreciation: −$1,393
• Taxable income: $5,158
• Est. tax owed @ 24.0%: −$1,238
• After-tax cash flow: $4,405/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 — Prichard

• Score: 54/100
• State rank: #472
• US rank: #24080

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prichard, AL
• City population: 13,402
• Population (ZIP): 3,558

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 (93%)
• Race & ethnicity: Black 93% White 5% Hispanic / Latino 2%
• 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: ▲ 7.58%
• Current HPI: 130.8445
• 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

+65.2% since first listed

7 events — show timeline

• 2026-05-07 Listed $47,900 GCMLS AL
• 2024-12-27 Sold (Public Records) $20,000 Public Records
• 2024-12-27 Sold (Public Records) $16,000 Public Records
• 2024-12-27 Sold (MLS) $20,000 GCMLS AL
• 2024-10-22 Pending — GCMLS AL
• 2024-10-18 Price Changed $23,000 GCMLS AL
• 2024-09-28 Listed $29,000 GCMLS AL

Property tax history

-2.1%/yr

Latest (2025): $236 · +6.1% YoY. Source: county tax records.