6705 Thoroughbred Ct · Mobile, AL 36695

$250,000

4 bd · 2.0 ba · 2,308 sqft · SingleFamily public records · 38 Days on market

Built 1977 0.32 ac lot $108/sqft · at area comps Est $250k · at est.

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Why this score? — see what drove the C 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 +23.7/30.0
• DSCR +7.6/10.0
• ARV discount +7.6/15.0
• 1% rule +5.7/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Tucked away in a quiet cul-de-sac, this unique two-story 4-bedroom, 2-bath home offers a blend of rustic charm and modern updates. Inside, you'll find freshly updated bathrooms and kitchen, fresh paint throughout, along with updated plumbing and electrical for added peace of mind. The spacious living area features a cozy gas log fireplace, perfect for relaxing evenings at home. Step outside to enjoy the partially covered back deck, ideal for entertaining or unwinding while overlooking the private setting. With its distinctive architectural style and wooded surroundings, this home offers character, comfort, and functionality all in one. Buyer and buyer?s agent to verify all information deeme

Key facts

• Updated electrical
• Updated bathrooms
• Gas log fireplace

Tags

• CUL-DE-SAC
• UPDATED BATHROOMS
• UPDATED KITCHEN
• UPDATED PLUMBING
• UPDATED ELECTRICAL
• GAS LOG FIREPLACE

Property features AI

Exterior

• Parking: Covered carport for 2 vehicles (2 total parking spaces)
• Utilities: Cable available; Electricity available; Natural gas available; Public sewer; Water available
• Home design: Single family residence; Residential property
• Construction: Built in 1977; Stone and wood siding exterior; Shingle roof; Pillar/post/pier foundation
• Exterior features: Rear stairs; Back yard fencing; No pool or spa; View

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric oven; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Ceiling fan(s)
• Interior features: Beamed ceilings; Wood burning stove fireplace; Separate dining room; Eat-in kitchen; No basement
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $477 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $242k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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: Wp Davidson High School (math 36% / reading 41%, grade F, #37 of 305 statewide, top 12%, 1,535 students, 61% FRL).
• Market conditions: Rents soft (-0.4%/yr); 557 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).
• This rent runs 42% of the median local income ($76k/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 $2k of loan paydown is wiped out by about $8k 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

• It's been on market 38 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; 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 $242,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 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 1977 — 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: 1.07% ✓
• Cap rate: 8.58%
• Cash-on-cash: 8.17%
• DSCR: 1.36
• GRM: 7.8

CMA / ARV

• ARV (median comp): $250,346
• List price: $250,000
• Delta: -0.14%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6609 Footmans Ct	0.27mi	4/2.0	2,247 (-3%)	4mo	$229,900	$102	79
2592 Wagon Tongue Dr	0.13mi	4/2.5	2,550 (+10%)	0mo	$166,000	$65	74
2550 Coachman Ct	0.20mi	4/2.5	2,104 (-9%)	4mo	$270,000	$128	70
2805 Gaslight Ln	0.40mi	4/2.0	2,087 (-10%)	3mo	$279,900	$134	63
2825 Weston Dr	0.70mi	4/3.0	2,350 (+2%)	3mo	$459,319	$195	58
2305 Cedar Ky	0.74mi	4/2.0	2,254 (-2%)	8mo	$270,000	$120	55
6386 Oakleigh Way	0.43mi	3/2.5 (-1)	2,473 (+7%)	8mo	$368,000	$149	54
6239 Southridge Rd S	0.75mi	3/2.0 (-1)	2,240 (-3%)	4mo	$205,000	$92	52
2720 Weston Dr	0.73mi	4/3.0	2,431 (+5%)	4mo	$466,750	$192	50
7024 Doppel Ln	0.56mi	5/2.5 (+1)	2,528 (+10%)	2mo	$345,000	$136	50
7165 Londonderry Dr	0.70mi	4/3.0	2,491 (+8%)	4mo	$410,000	$165	47
6233 Southridge Rd N	0.65mi	3/2.5 (-1)	1,987 (-14%)	2mo	$162,500	$82	38

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -7.2%
• Equity multiple: 0.74×
• Total profit: $-18,022
• Equity at exit: $37,276

10-year hold

• IRR: -1.7%
• Equity multiple: 0.90×
• Total profit: $-7,048
• Equity at exit: $21,615

Cash invested: $70,000 (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 36695

• Home prices YoY: -30.9%
• Rents YoY: -0.4%
• Active inventory: 557
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,686 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$230 /mo · $2,757/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$564
• Net cashflow: $477

Break-even live

Break-even rent $2,082

Max offer price $250,000

Occupancy floor 77%

Sensitivity live

Price	-10% $618	-5% $548	+0% $477	+5% $406	+10% $335
Rent	-10% $265	-5% $371	+0% $477	+5% $583	+10% $689
Rate	-1.0pp $603	-0.5pp $540	base $477	+0.5pp $412	+1.0pp $346

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2004 Pine Needle Dr E Mobile, AL	5.0	2.5	2900	$3,800	$1.31	44d	1	1.23mi
1997 Bradshire Dr Mobile, AL	4.0	3.0	2834	$2,200	$0.78	44d	1	1.36mi

Listing history 18 events

1. 2026-06-21
   days on market $250,000 Active 38 DOM
2. 2026-06-18
   days on market $250,000 Active 35 DOM
3. 2026-06-17
   days on market $250,000 Active 34 DOM
4. 2026-06-16
   days on market $250,000 Active 33 DOM
5. 2026-06-15
   days on market $250,000 Active 32 DOM
6. 2026-06-14
   days on market $250,000 Active 30 DOM
7. 2026-06-13
   days on market $250,000 Active 29 DOM
8. 2026-06-10
   days on market $250,000 Active 27 DOM
9. 2026-06-09
   days on market $250,000 Active 26 DOM
10. 2026-06-08
    days on market $250,000 Active 25 DOM
11. 2026-06-07
    days on market $250,000 Active 24 DOM
12. 2026-06-05
    days on market $250,000 Active 21 DOM
13. 2026-06-03
    days on market $250,000 Active 20 DOM
14. 2026-06-02
    days on market $250,000 Active 19 DOM
15. 2026-06-01
    days on market $250,000 Active 18 DOM
16. 2026-05-31
    days on market $250,000 Active 17 DOM
17. 2026-05-30
    days on market $250,000 Active 16 DOM
18. 2026-05-14
    listed $250,000 Active 732-char remark

ⓘ 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: $2,757 · $230/mo
• Projected year-2 tax: $2,757 · $230/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 5/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,230
• − Mortgage interest: −$14,004
• − Property taxes: −$2,757
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,578
• − Management: −$2,578
• − Depreciation: −$7,273
• Taxable income: $1,789
• Est. tax owed @ 24.0%: −$429
• After-tax cash flow: $5,293/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): 52,690
• Household income: $76,040
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 1619.0

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: Predominantly White (67%)
• Race & ethnicity: White 67% Black 23% Two or more races 5% Hispanic / Latino 5% Asian 2%
• Common ancestry: Lithuanian 3% Italian 2% Slovak 1%
• Foreign-born: 5% · Canada, Vietnam, China
• Languages at home: 94% English-only · Spanish 2% Vietnamese 1% Arabic 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: ▼ -86.28%
• Current HPI: 193.1651
• Rent YoY: ▼ -0.41%
• 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

1 event — show timeline

• 2026-05-14 Listed $250,000 GCMLS AL

Property tax history

+11.9%/yr

Latest (2025): $2,757 · +3.4% YoY. Source: county tax records.