2801 Haas Ave · Mobile, AL 36607

$55,000

2 bd · 1.0 ba · 1,463 sqft · SingleFamily public records · 24 Days on market

Built 1974 9,317 sqft lot

---

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
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Investor Special! Current layout is a 2 bedroom / 1 bathroom, with enough square footage to potentially reconfigure into a 3 bedroom / 2 bathroom layout. Sale includes TWO parcels, with additional parcel access through the primary lot. USE CAUTION when viewing property. No utilities are currently on. Enter at your own risk. Property is being sold AS-IS, WHERE-IS with no warranties expressed or implied. Seller is a licensed real estate agent with ownership interest in the property. Great opportunity for investors, builders, or anyone looking for their next project. Buyer to verify all information during due diligence.

Key facts

• 9,317 sq ft lot
• Built 1974
• Listed 23 days

Property features AI

Finance

• Other: Not in a land lease; Subdivision: Haas Place

Exterior

• Parking: No parking; No parking features
• Utilities: Electricity available; Water available; Public sewer; Electric service not specified
• Home design: Single Family Residence; Residential property; View available
• Construction: Wood siding exterior; Shingle roof; Built in 1974; Pillar/post/pier foundation
• Exterior features: No exterior features specified; No fencing

Interior

• Bedrooms: 2 bedrooms
• Flooring: No flooring details provided
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating; No cooling
• Interior features: Fireplace present; Other interior features

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $677 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $54k (1.5% below list) — sets the bar for market timing.
• Cap rate 21.1% 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: Murphy High School (math 10% / reading 19%, grade F, #220 of 305 statewide, top 77%, 1,254 students, 66% FRL) — zoned schools at 66% FRL track the district average.
• Zoned-school proficiency averages 14% at this address vs 27% district-wide (-12 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: 45 active listings in the ZIP; 26 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

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($54k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $36k; list at $55k implies a 53% 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 $54,175 (1.5% below list)

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 2.43% ✓
• Cap rate: 21.06%
• Cash-on-cash: 52.74%
• DSCR: 3.35
• GRM: 3.4

CMA / ARV

• ARV (on-the-fly): $225,302
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
25 Chadwick Dr W	0.66mi	3/1.0 (+1)	1,476 (+1%)	1mo	$138,000	$93	62
2758 Chadwick Dr N	0.63mi	3/2.0 (+1)	1,487 (+2%)	3mo	$240,000	$161	56
2753 Dauphin St	0.61mi	3/1.0 (+1)	1,406 (-4%)	5mo	$137,000	$97	56
134 Hyland Ave	0.42mi	2/2.0	1,272 (-13%)	2mo	$227,500	$179	54
2806 Exter Dr	0.75mi	3/2.0 (+1)	1,485 (+2%)	1mo	$205,000	$138	53
292 Siena Vis	0.55mi	3/2.0 (+1)	1,416 (-3%)	10mo	$169,000	$119	52
208 Hazel St	0.74mi	3/2.0 (+1)	1,504 (+3%)	1mo	$284,900	$189	51
2862 Hilburn Dr	0.62mi	3/2.0 (+1)	1,494 (+2%)	12mo	$230,000	$154	49
254 Park Ave	0.61mi	2/2.5	1,562 (+7%)	7mo	$250,000	$160	48
2959 Nall St	0.58mi	3/2.0 (+1)	1,294 (-12%)	1mo	$190,000	$147	44
122 Hyland Ave	0.43mi	3/2.0 (+1)	1,650 (+13%)	13mo	$316,500	$192	39
415 Bay Shore Ave	0.51mi	3/2.0 (+1)	1,300 (-11%)	13mo	$184,900	$142	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 50.8%
• Equity multiple: 3.22×
• Total profit: $34,216
• Equity at exit: $8,201

10-year hold

• IRR: 56.2%
• Equity multiple: 6.54×
• Total profit: $85,386
• Equity at exit: $4,755

Cash invested: $15,400 (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 36607

• Active inventory: 45
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,338 high
• Mortgage (P&I): −$288
• Tax est. 1.5%: −$69 /mo · $825/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $677

Break-even live

Break-even rent $481

Max offer price $55,000

Occupancy floor 44%

Sensitivity live

Price	-10% $715	-5% $696	+0% $677	+5% $658	+10% $639
Rent	-10% $571	-5% $624	+0% $677	+5% $730	+10% $783
Rate	-1.0pp $705	-0.5pp $691	base $677	+0.5pp $663	+1.0pp $648

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
156 Hemley Ave Mobile, AL	3.0	1.0	936	$1,195	$1.28	44d	1	0.18mi
2500 Dauphinwood Dr Mobile, AL	2.0–3.0	1.0–2.0	1250	$980	$0.78	14d	19	0.65mi
2604 Dauphin St #210 Mobile, AL	2.0	1.0	950	$1,150	$1.21	22d	1	0.71mi
2604 Dauphin St Mobile, AL	2.0	1.0	950	$1,072	$1.13	44d	2	0.71mi
107 Grand Blvd Mobile, AL	2.0	2.0	1200	$1,295	$1.08	22d	1	0.85mi
150 Dunn Ave Mobile, AL	3.0	2.0	1455	$1,250	$0.86	22d	1	0.97mi
672 Burden St Mobile, AL	3.0	1.5	1421	$1,300	$0.91	22d	1	1.00mi
3060 Emogene St Mobile, AL	3.0	1.0	1200	$1,400	$1.17	14d	1	1.05mi
3655 Old Shell Rd Unit 3655 Mobile, AL	2.0	2.0	1200	$1,850	$1.54	14d	1	1.07mi
168 W Collins St Mobile, AL	3.0	1.0	968	$725	$0.75	22d	1	1.07mi
423 Devon Dr Mobile, AL	3.0	1.0	1220	$950	$0.78	44d	1	1.07mi
708 Bond St Mobile, AL	3.0	1.0	1100	$1,350	$1.23	22d	1	1.08mi
151 Du Rhu Dr Mobile, AL	1.0–3.0	1.0–2.0	1052	$2,270	$2.16	14d	12	1.10mi
2855 Potter Dr Mobile, AL	2.0	1.0	1127	$1,050	$0.93	44d	1	1.12mi
2861 Potter Dr Unit 1043844P Mobile, AL	3.0	2.0	1496	$2,492	$1.67	22d	1	1.12mi
120 Paris Ave Mobile, AL	2.0	1.0	1054	$1,150	$1.09	22d	1	1.16mi
3252 Orleans St Mobile, AL	2.0	1.0	900	$850	$0.94	44d	1	1.16mi
2861 Ralston Rd Mobile, AL	3.0	2.0	1617	$1,650	$1.02	44d	1	1.18mi
200 S Florida St Unit 101 Mobile, AL	2.0	2.0	1150	$1,375	$1.20	22d	1	1.21mi
2507 Taylor Ave Mobile, AL	3.0	1.0	1230	$1,495	$1.22	14d	1	1.24mi
104 Ellinor St Mobile, AL	2.0	1.0	896	$1,275	$1.42	22d	1	1.25mi
186 Stanton Rd Mobile, AL	1.0–3.0	1.0–2.5	1263	$2,062	$1.63	44d	1	1.27mi
2503 Richard Ave Mobile, AL	2.0	1.0	928	$805	$0.87	14d	1	1.29mi
2859 Brierwood Dr Mobile, AL	3.0	1.0	1057	$1,500	$1.42	14d	1	1.32mi
2656 Pathway Pl Mobile, AL	2.0–3.0	1.0	778	$949	$1.22	14d	9	1.35mi
315 Hadrian St Mobile, AL	3.0	2.0	1843	$1,800	$0.98	44d	1	1.49mi

Listing history 19 events

1. 2026-06-21
   days on market $55,000 Active 24 DOM
2. 2026-06-18
   days on market $55,000 Active 21 DOM
3. 2026-06-17
   days on market $55,000 Active 20 DOM
4. 2026-06-16
   days on market $55,000 Active 19 DOM
5. 2026-06-15
   days on market $55,000 Active 18 DOM
6. 2026-06-14
   days on market $55,000 Active 16 DOM
7. 2026-06-13
   pricedays on market $55,000 Active 15 DOM
8. 2026-06-10
   days on market $79,000 Active 13 DOM
9. 2026-06-09
   days on market $79,000 Active 12 DOM
10. 2026-06-08
    days on market $79,000 Active 11 DOM
11. 2026-06-07
    days on market $79,000 Active 10 DOM
12. 2026-06-05
    days on market $79,000 Active 7 DOM
13. 2026-06-03
    days on market $79,000 Active 6 DOM
14. 2026-06-02
    days on market $79,000 Active 5 DOM
15. 2026-06-01
    days on market $79,000 Active 4 DOM
16. 2026-05-31
    days on market $79,000 Active 3 DOM
17. 2026-05-30
    days on market $79,000 Active 2 DOM
18. 2026-05-28
    listed $79,000 Active
19. 2024-07-03
    soldstatus $36,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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: $16,055
• − Mortgage interest: −$3,081
• − Property taxes: −$825
• − Insurance: −$275
• − Repairs & maintenance: −$1,284
• − Management: −$1,284
• − Depreciation: −$1,600
• Taxable income: $7,705
• Est. tax owed @ 24.0%: −$1,849
• After-tax cash flow: $6,273/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): 5,529

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: Majority Black (56%)
• Race & ethnicity: Black 56% White 40% Two or more races 3%
• Common ancestry: Slovak 4% Lithuanian 2% Scotch-Irish 1%
• Foreign-born: 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: ▼ -155.04%
• Current HPI: 127.0483
• 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

+119.4% since first listed

2 events — show timeline

• 2026-05-28 Listed $79,000 GCMLS AL
• 2024-07-03 Sold (Public Records) $36,000 Public Records

Property tax history

-10.2%/yr

Latest (2025): $84 · +0.0% YoY. Source: county tax records.