510 Iowa Ave · Prichard, AL 36610

$75,000

3 bd · 1.0 ba · 1,092 sqft · SingleFamily public records · 169 Days on market

Built 1983 4,917 sqft lot $69/sqft · 104% above area

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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 +29.4/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• Appreciation +5.2/10.0
• 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

Newer roof, Newer HVAC, new paint, and new appliances. Everything has already been done!! Make this one yr home, or add it to your rental portfolio. Home was recently vacated, but was an income producing investment property. Seller is licensed broker in Georgia and Alabama.

Key facts

• 4,917 sq ft lot
• 3 parking spots
• Listed 169 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $266 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($909 rent vs $75k).
• Recommended offer: $66k (12.0% 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: schools D-, crime F, amenities 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.
• Market conditions: 41 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 $798 of equity ($519 loan paydown + $279 appreciation (0.4% 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 (0.4% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 169 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 3 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.

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 $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 169 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.21% ✓
• Cap rate: 10.55%
• Cash-on-cash: 15.20%
• DSCR: 1.68
• GRM: 6.9

CMA / ARV

• ARV (median comp): $36,700
• List price: $75,000
• Delta: 104.36%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
518 Alaska Ave	0.08mi	3/1.5	1,075 (-2%)	9mo	$48,000	$45	84
541 Chandler St	0.19mi	2/1.0 (-1)	960 (-12%)	0mo	$52,000	$54	66
512 Montgomery St	0.10mi	3/2.0	1,188 (+9%)	20mo	$38,000	$32	60
101 Diaz St	0.54mi	2/2.0 (-1)	1,172 (+7%)	2mo	$40,900	$35	52
402 Glendale Pl	0.35mi	2/1.0 (-1)	1,166 (+7%)	21mo	$29,900	$26	50
61 Ralph Ave	0.38mi	3/1.5	1,000 (-8%)	20mo	$40,000	$40	50
327 Haig St E	0.67mi	2/1.0 (-1)	1,024 (-6%)	9mo	$33,500	$33	46
1021 Cherry St	0.65mi	2/1.0 (-1)	1,006 (-8%)	8mo	$35,000	$35	45
519 Coal St	0.71mi	2/1.0 (-1)	1,248 (+14%)	1mo	$57,000	$46	37
115 Petain St W	0.73mi	2/1.0 (-1)	984 (-10%)	16mo	$24,000	$24	31
16 Elm St W	0.65mi	2/2.0 (-1)	936 (-14%)	10mo	$48,000	$51	29

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

Projected returns pro-forma

0.37% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.5%
• Equity multiple: 1.76×
• Total profit: $16,038
• Equity at exit: $23,184

10-year hold

• IRR: 19.6%
• Equity multiple: 3.24×
• Total profit: $47,022
• Equity at exit: $29,017

Cash invested: $21,000 (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 36610

• Home prices YoY: 0.9%
• Active inventory: 41
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $909 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$28 /mo · $333/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$191
• Net cashflow: $266

Break-even live

Break-even rent $573

Max offer price $75,000

Occupancy floor 66%

Sensitivity live

Price	-10% $308	-5% $287	+0% $266	+5% $245	+10% $223
Rent	-10% $194	-5% $230	+0% $266	+5% $302	+10% $338
Rate	-1.0pp $304	-0.5pp $285	base $266	+0.5pp $246	+1.0pp $227

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
519 Bay Bridge Rd Unit B Prichard, AL	2.0	1.0	1000	$925	$0.93	44d	1	0.42mi
38 Flock Ave Mobile, AL	2.0	1.0	849	$795	$0.94	44d	1	0.44mi
408 Rawls Ave Mobile, AL	2.0	1.0	1032	$1,100	$1.07	14d	1	1.07mi

Listing history 28 events

1. 2026-06-18
   days on market $75,000 Active 169 DOM
2. 2026-06-17
   days on market $75,000 Active 168 DOM
3. 2026-06-16
   days on market $75,000 Active 167 DOM
4. 2026-06-15
   days on market $75,000 Active 166 DOM
5. 2026-06-14
   days on market $75,000 Active 164 DOM
6. 2026-06-13
   days on market $75,000 Active 163 DOM
7. 2026-06-10
   days on market $75,000 Active 161 DOM
8. 2026-06-09
   days on market $75,000 Active 160 DOM
9. 2026-06-08
   days on market $75,000 Active 159 DOM
10. 2026-06-07
    days on market $75,000 Active 158 DOM
11. 2026-06-05
    days on market $75,000 Active 155 DOM
12. 2026-06-03
    days on market $75,000 Active 154 DOM
13. 2026-06-02
    days on market $75,000 Active 153 DOM
14. 2026-06-01
    days on market $75,000 Active 152 DOM
15. 2026-05-31
    days on market $75,000 Active 151 DOM
16. 2026-05-30
    days on market $75,000 Active 150 DOM
17. 2025-12-31
    listed $75,000 Active 274-char remark

    Show marketing remark (274 chars)

    Newer roof, Newer HVAC, new paint, and new appliances. Everything has already been done!! Make this one yr home, or add it to your rental portfolio. Home was recently vacated, but was an income producing investment property. Seller is licensed broker in Georgia and Alabama.

18. 2025-12-30
    historical $75,000 274-char remark

    Show marketing remark (274 chars)

    Newer roof, Newer HVAC, new paint, and new appliances. Everything has already been done!! Make this one yr home, or add it to your rental portfolio. Home was recently vacated, but was an income producing investment property. Seller is licensed broker in Georgia and Alabama.

19. 2025-08-27
    price $68,000
20. 2025-07-24
    price $70,000
21. 2025-04-26
    price $76,500
22. 2025-04-10
    price $80,000
23. 2025-03-05
    price $83,000
24. 2024-11-08
    historical $1,200
25. 2024-10-30
    listed $1,200
26. 2024-10-10
    price $56,000
27. 2024-10-03
    price $56,000
28. 2024-08-22
    listed $68,000 Active

ⓘ 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: $333 · $28/mo
• Projected year-2 tax: $333 · $28/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 · 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,910
• − Mortgage interest: −$4,201
• − Property taxes: −$333
• − Insurance: −$375
• − Repairs & maintenance: −$873
• − Management: −$873
• − Depreciation: −$2,182
• Taxable income: $2,073
• Est. tax owed @ 24.0%: −$498
• After-tax cash flow: $2,693/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): 9,692

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 (97%)
• Race & ethnicity: Black 97% Hispanic / Latino 1% White 1%
• Foreign-born: 0%

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: ▲ 0.37%
• Current HPI: 42.6203
• 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

+10.3% since first listed

12 events — show timeline

• 2025-12-31 Listed $75,000 GCMLS AL
• 2025-12-30 Coming Soon $75,000 GCMLS AL
• 2025-08-27 Price Changed $68,000 GCMLS AL
• 2025-07-24 Price Changed $70,000 GCMLS AL
• 2025-04-26 Price Changed $76,500 GCMLS AL
• 2025-04-10 Price Changed $80,000 GCMLS AL
• 2025-03-05 Price Changed $83,000 GCMLS AL
• 2024-11-08 Rental Removed $1,200 GCMLSAL
• 2024-10-30 Listed for Rent $1,200 GCMLSAL
• 2024-10-10 Price Changed $56,000 BCAR
• 2024-10-03 Price Changed $56,000 GCMLS AL
• 2024-08-22 Listed $68,000 BCAR

Property tax history

+1.3%/yr

Latest (2025): $333 · +6.7% YoY. Source: county tax records.