2151 Clement St · Mobile, AL 36617

$76,500

4 bd · 2.5 ba · 2,404 sqft · SingleFamily public records · 86 Days on market

Built 1979 9,622 sqft lot $32/sqft · 52% below 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +7.4/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

*****ONLINE AUCTION*****—This is your chance to create the space you’ve always wanted, with more square footage than you’ll ever need. This 4-bedroom, 2-bath brick home with a bonus area is ready for your personal touch and restoration. Schedule a viewing today to see if you’re ready to take on the challenge. Please note, there is previous fire damage. This is a CASH ONLY sale. Please read the Auction disclaimers carefully before placing a bid at www.hubzu.com. Check for auction preview days.

Key facts

• 9,622 sq ft lot
• Garage
• Built 1979

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $76k.

Deal economics

• At list price, monthly cash flow is $899 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $76k).
• Recommended offer: $72k (6.0% below list) — sets the bar for market timing.
• Cap rate 20.4% 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: schools D-, 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.
• Market conditions: 40 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 $4k of equity ($529 loan paydown + $4k appreciation (4.8% 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 (4.8% appreciation + 3.0% rent growth), your $21k 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 86 days — a 6% lower offer ($72k) is reasonable based on typical stale-listing flexibility.

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 $71,910 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 2.31% ✓
• Cap rate: 20.40%
• Cash-on-cash: 50.38%
• DSCR: 3.24
• GRM: 3.6

CMA / ARV

• ARV (median comp): $157,914
• List price: $76,500
• Delta: -51.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2022 Hathcox St	0.20mi	4/3.0	2,360 (-2%)	2mo	$123,000	$52	84
310 Lourdes Cir E	0.34mi	4/2.0	2,475 (+3%)	8mo	$209,000	$84	71
2201 De Kruif Ct	0.19mi	5/2.0 (+1)	2,527 (+5%)	22mo	$139,000	$55	58
1805 Indian Creek Dr N	0.63mi	5/3.0 (+1)	2,585 (+8%)	9mo	$225,000	$87	44
2416 Creek Circle Dr N	0.44mi	4/2.0	2,048 (-15%)	22mo	$226,000	$110	34
2553 Macaria Dr	0.71mi	3/3.0 (-1)	2,163 (-10%)	14mo	$325,000	$150	31

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

Projected returns pro-forma

4.78% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 57.7%
• Equity multiple: 4.45×
• Total profit: $73,942
• Equity at exit: $42,319

10-year hold

• IRR: 55.6%
• Equity multiple: 9.15×
• Total profit: $174,512
• Equity at exit: $72,196

Cash invested: $21,420 (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 36617

• Home prices YoY: 3.9%
• Active inventory: 40
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,769 medium
• Mortgage (P&I): −$401
• Tax from tax record: −$65 /mo · $780/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$371
• Net cashflow: $899

Break-even live

Break-even rent $630

Max offer price $76,500

Occupancy floor 44%

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: $19,125
• Closing costs: $2,295
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2007 Allison St Unit 1 Mobile, AL	3.0	2.0	1805	$1,575	$0.87	43d	1	0.52mi
186 Stanton Rd Mobile, AL	1.0–3.0	1.0–2.5	1263	$2,450	$1.94	43d	1	0.68mi
1821 Seale St Mobile, AL	4.0	2.0	1584	$1,400	$0.88	21d	1	1.00mi

Listing history 17 events

1. 2026-06-18
   days on market $76,500 Active 86 DOM
2. 2026-06-17
   days on market $76,500 Active 85 DOM
3. 2026-06-16
   days on market $76,500 Active 84 DOM
4. 2026-06-15
   days on market $76,500 Active 83 DOM
5. 2026-06-14
   days on market $76,500 Active 81 DOM
6. 2026-06-13
   days on market $76,500 Active 80 DOM
7. 2026-06-10
   days on market $76,500 Active 78 DOM
8. 2026-06-09
   days on market $76,500 Active 77 DOM
9. 2026-06-08
   days on market $76,500 Active 76 DOM
10. 2026-06-07
    days on market $76,500 Active 75 DOM
11. 2026-06-05
    days on market $76,500 Active 72 DOM
12. 2026-06-03
    days on market $76,500 Active 71 DOM
13. 2026-06-02
    days on market $76,500 Active 70 DOM
14. 2026-06-01
    days on market $76,500 Active 69 DOM
15. 2026-05-31
    days on market $76,500 Active 68 DOM
16. 2026-05-30
    days on market $76,500 Active 67 DOM
17. 2026-03-25
    listed $76,500 Active 524-char remark

    Show marketing remark (524 chars)

    *****ONLINE AUCTION*****—This is your chance to create the space you’ve always wanted, with more square footage than you’ll ever need. This 4-bedroom, 2-bath brick home with a bonus area is ready for your personal touch and restoration. Schedule a viewing today to see if you’re ready to take on the challenge. Please note, there is previous fire damage. This is a CASH ONLY sale. Please read the Auction disclaimers carefully before placing a bid at www.hubzu.com. Check for auction preview days.

ⓘ 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: $780 · $65/mo
• Projected year-2 tax: $780 · $65/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: $21,224
• − Mortgage interest: −$4,285
• − Property taxes: −$780
• − Insurance: −$382
• − Repairs & maintenance: −$1,698
• − Management: −$1,698
• − Depreciation: −$2,225
• Taxable income: $10,156
• Est. tax owed @ 24.0%: −$2,437
• After-tax cash flow: $8,354/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): 11,952

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% White 2%
• 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: ▲ 4.78%
• Current HPI: 128.8377
• 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

• 2026-03-25 Listed $76,500 GCMLS AL

Property tax history

+0.4%/yr

Latest (2025): $780 · +0.0% YoY. Source: county tax records.