352 10th Ave · Chickasaw, AL 36611

$99,900

3 bd · 1.0 ba · 944 sqft · SingleFamily public records · 14 Days on market

Built 1988 8,712 sqft lot Est $93k · 7% over

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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 +26.3/30.0
• Appreciation +10.0/10.0
• DSCR +8.9/10.0
• 1% rule +5.8/10.0
• Schools +5.0/10.0
• ARV discount +4.4/15.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Low maintenance rental property! This 3 bed / 1 bath property features newer central heating and air, new flooring throughout, and new paint. It also has new appliances, freshly painted kitchen cabinets, all new lighting / plumbing / door hardware. It also has vinyl siding for low maintenance and a desirable private backyard. The home is located around the corner from the elementary and high school. This property generates $1,100 / month. This property can also be purchased as a package with 11 other occupied rental houses. Buy all of them or pick and choose. Contact listing agent for details.

Key facts

• New lighting
• New plumbing
• New flooring

Tags

• NEWER CENTRAL HEATING
• NEW FLOORING
• NEW PAINT
• NEW APPLIANCES
• NEW LIGHTING
• NEW PLUMBING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $258 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 9.4% vs local median 7.2% in Chickasaw — 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 61/100 on livability (#237 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-, health & safety B; Watch: crime D-, amenities F, commute F.
• Zoned schools: Chickasaw City Elementary School (math 7% / reading 30%, grade F, #480 of 627 statewide, top 77%, 550 students, 80% FRL); Chickasaw City High School (math 5% / reading 15%, grade F, #248 of 305 statewide, top 82%, 224 students, 91% FRL).
• Market conditions: 45 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $11k of equity ($691 loan paydown + $10k appreciation (10.0% 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 (10.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 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 $55k; list at $100k implies a 82% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,900

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 F-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 D 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. 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.
5. 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.
6. 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: 1.08% ✓
• Cap rate: 9.40%
• Cash-on-cash: 11.08%
• DSCR: 1.49
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $93,456
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
352 10th Ave	0.00mi	3/1.0	944 (0%)	0mo	$97,899	$104	100
419 Geronimo St	0.39mi	3/1.0	1,000 (+6%)	4mo	$139,900	$140	68
108 11th Ave	0.41mi	2/1.0 (-1)	1,003 (+6%)	0mo	$77,000	$77	65
253 9th Ave	0.18mi	2/1.0 (-1)	853 (-10%)	6mo	$84,700	$99	65
300 Geronimo St	0.23mi	3/1.0	1,076 (+14%)	2mo	$110,000	$102	64
161 3rd Ave	0.60mi	3/1.0	884 (-6%)	5mo	$45,000	$51	57
105 11th Ave	0.43mi	2/1.0 (-1)	848 (-10%)	5mo	$90,000	$106	54
104 8th Ave	0.44mi	2/1.0 (-1)	1,071 (+14%)	0mo	$94,000	$88	52
351 Kansas St	0.52mi	3/1.0	813 (-14%)	3mo	$35,000	$43	50
107 5th Ave	0.56mi	2/1.0 (-1)	825 (-13%)	2mo	$40,000	$48	46
97 Grant St	0.72mi	2/1.0 (-1)	1,032 (+9%)	1mo	$137,500	$133	45
9 Elizabeth Ave	0.70mi	3/1.0	1,080 (+14%)	6mo	$96,000	$89	38

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.4%
• Equity multiple: 3.53×
• Total profit: $70,823
• Equity at exit: $89,998

10-year hold

• IRR: 27.9%
• Equity multiple: 7.99×
• Total profit: $195,538
• Equity at exit: $194,084

Cash invested: $27,972 (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 36611

• Home prices YoY: 7.0%
• Active inventory: 45
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,081 high
• Mortgage (P&I): −$524
• Tax from tax record: −$30 /mo · $365/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$227
• Net cashflow: $258

Break-even live

Break-even rent $754

Max offer price $99,900

Occupancy floor 71%

Sensitivity live

Price	-10% $315	-5% $287	+0% $258	+5% $230	+10% $202
Rent	-10% $173	-5% $216	+0% $258	+5% $301	+10% $344
Rate	-1.0pp $309	-0.5pp $284	base $258	+0.5pp $232	+1.0pp $206

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
156 9th Ave Chickasaw, AL	2.0	1.0	720	$950	$1.32	22d	1	0.34mi
55 Thompson Blvd Chickasaw, AL	3.0	1.0	939	$1,500	$1.60	22d	1	0.62mi
408 Rawls Ave Mobile, AL	2.0	1.0	1032	$1,100	$1.07	14d	1	0.94mi
311 Grant St Chickasaw, AL	2.0	1.0	1000	$850	$0.85	44d	1	1.06mi
3 Southern St Chickasaw, AL	3.0	1.0	1108	$795	$0.72	14d	1	1.20mi
100 Dairy Rd Mobile, AL	2.0–3.0	2.0	999	$1,100	$1.10	14d	1	1.36mi

Listing history 15 events

1. 2026-04-26
   status Pending
2. 2026-04-21
   status Active
3. 2026-03-13
   status Pending
4. 2026-03-13
   status Active
5. 2026-03-13
   historical
6. 2026-03-04
   status Active
7. 2026-03-02
   historical
8. 2026-03-02
   listed $99,900 Active
9. 2024-11-01
   historical $1,000
10. 2024-10-09
    price $1,000
11. 2024-08-27
    price $1,100
12. 2024-08-06
    listed $1,150
13. 2024-04-23
    historical $1,150
14. 2024-04-13
    listed $1,150
15. 2024-02-06
    soldstatus $55,000

ⓘ 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: $365 · $30/mo
• Projected year-2 tax: $410 · $34/mo
• Expected delta: +$45/yr (+$4/mo · 12.2%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,977
• − Mortgage interest: −$5,596
• − Property taxes: −$365
• − Insurance: −$500
• − Repairs & maintenance: −$1,038
• − Management: −$1,038
• − Depreciation: −$2,906
• Taxable income: $1,534
• Est. tax owed @ 24.0%: −$368
• After-tax cash flow: $2,732/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)

No district data.

Livability — Chickasaw

• Score: 61/100
• State rank: #237
• US rank: #17438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chickasaw, AL
• City population: 6,367
• Population (ZIP): 6,367

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: Black 55% White 38% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Lithuanian 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▲ 12.90%
• Current HPI: 196.621
• 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

+81.6% since first listed

15 events — show timeline

• 2026-04-26 Pending — GCMLS AL
• 2026-04-21 Relisted — GCMLS AL
• 2026-03-13 Pending — GCMLS AL
• 2026-03-13 Relisted — GCMLS AL
• 2026-03-13 Delisted — GCMLS AL
• 2026-03-04 Relisted — GCMLS AL
• 2026-03-02 Delisted — GCMLS AL
• 2026-03-02 Listed $99,900 GCMLS AL
• 2024-11-01 Rental Removed $1,000 APPFOLIO
• 2024-10-09 Price Changed $1,000 APPFOLIO
• 2024-08-27 Price Changed $1,100 APPFOLIO
• 2024-08-06 Listed for Rent $1,150 APPFOLIO
• 2024-04-23 Rental Removed $1,150 APPFOLIO
• 2024-04-13 Listed for Rent $1,150 APPFOLIO
• 2024-02-06 Sold (Public Records) $55,000 Public Records

Property tax history

-1.6%/yr

Latest (2025): $365 · +13.3% YoY. Source: county tax records.