1125 Ridgewood Dr · Lillian, AL 36549

$144,900

2 bd · 2.0 ba · 924 sqft · Manufactured public records · 12 Days on market

Built 2000 7,056 sqft lot Est $142k · at est. $74/mo HOA · 5% of rent

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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 +21.2/30.0
• DSCR +6.8/10.0
• ARV discount +6.7/15.0
• 1% rule +6.2/10.0
• Schools +3.9/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BIG REDUCTION. .. Affordable Living In Spanish Cove. .. This mobile home and corner lot is located in Perdido Pines, Spanish Cove and offers two bedrooms, two baths, kitchen appliances, carport, concrete parking, and storage building. Enjoy the amenities of Spanish Cove such as: heated pool, beach area, clubhouses, fishing pier, tennis courts, parks, and 25 hour security. Check it Out.

Key facts

• Boat parking
• Soaking tub
• Ensuite bath

Tags

• CORNER LOT
• BOAT PARKING
• EAT-UP KITCHEN ISLAND
• ENSUITE BATH
• SOAKING TUB
• WALK-IN SHOWER

Property features AI

Finance

• HOA & community: Monthly association fee ($74) covering management, clubhouse, common area insurance, grounds maintenance, pest control, pool, recreational facilities, reserve funds, security, common area taxes, and trash; Community amenities include BBQ area, clubhouse, common lobby, conference/meeting rooms, covered entry, fitness center, fishing, game room, on-site management, outdoor pool, and playground; Transfer fees apply

Exterior

• Parking: Single carport (1 covered space)
• Security: Community security (via association)
• Utilities: Perdido Bay Water; Baldwin County sewer service; Riviera Utilities
• Home design: Mobile home; One story; Resale condition; Corner location
• Construction: Vinyl siding; Block construction; Composition and metal roof
• Exterior features: Storage; Community/association pool; Less than 1 acre lot; No waterfront

Interior

• Kitchen: Electric range
• Bedrooms: Primary bedroom with attached bath
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms; Primary bath with soaking tub and separate shower
• Heating & cooling: Central electric heating; Ceiling fan(s) for cooling
• Interior features: Eat-in kitchen; En-suite; Living/Dining layout; Dining/kitchen combo; No fireplace; Storage (exterior access)
• Laundry & utility: Washer and dryer included; Laundry located inside and in a common area

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $210 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Cap rate 8.0% vs local median 4.1% in Lillian — 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 66/100 on livability (#97 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A-; Watch: amenities F, commute F, health & safety F.
• Baldwin County (rural): math 33% / reading 57% proficiency, ranked #18 of 129 in AL (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Elberta Elementary School (math 47% / reading 65%, grade C+, #83 of 627 statewide, top 13%, 884 students, 58% FRL); Elberta Middle School (math 21% / reading 67%, grade D, #42 of 257 statewide, top 17%, 267 students, 63% FRL); Elberta High School (math 32% / reading 37%, grade F, #47 of 305 statewide, top 17%, 784 students, 60% FRL) — zoned schools average 60% FRL vs 38% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 146 active listings in the ZIP; 3,883 units permitted in Baldwin County in 2024 (481 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Baldwin County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 14y 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 $28k; list at $145k implies a 408% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $144,900

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.12% ✓
• Cap rate: 8.03%
• Cash-on-cash: 6.20%
• DSCR: 1.28
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $142,296
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
741 Buena Vista Dr	0.34mi	1/1.5 (-1)	922 (-0%)	1mo	$134,000	$145	76
106 Portage Cir	0.36mi	2/1.0	940 (+2%)	7mo	$145,000	$154	70
685 Escambia Loop	0.33mi	2/2.0	1,000 (+8%)	2mo	$152,000	$152	69
476 Buena Vista Dr	0.52mi	2/1.0	950 (+3%)	3mo	$130,000	$137	65
241 Defuniak Loop	0.28mi	2/1.0	1,016 (+10%)	3mo	$160,000	$157	64
1561 Valencia Dr	0.48mi	2/2.0	980 (+6%)	6mo	$129,000	$132	63
1413 Ridgewood Dr	0.57mi	3/2.0 (+1)	924 (0%)	8mo	$85,000	$92	62
1686 Santa Cruz Dr	0.63mi	2/2.0	952 (+3%)	5mo	$165,000	$173	61
657 Escambia Loop	0.39mi	2/1.0	864 (-6%)	8mo	$150,000	$174	60
1525 Valencia Dr	0.42mi	2/2.0	1,056 (+14%)	2mo	$60,000	$57	55
1347 Ridgewood Dr	0.69mi	2/2.0	840 (-9%)	7mo	$180,000	$214	47
420 Buena Vista Dr	0.59mi	2/1.0	804 (-13%)	3mo	$143,770	$179	45

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: -6.7%
• Equity multiple: 0.75×
• Total profit: $-10,059
• Equity at exit: $21,605

10-year hold

• IRR: 3.0%
• Equity multiple: 1.21×
• Total profit: $8,716
• Equity at exit: $12,528

Cash invested: $40,572 (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 36549

• Home prices YoY: -7.6%
• Active inventory: 146
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,627 medium
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,174/yr
• Insurance: −$60
• HOA: −$74
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $210

Break-even live

Break-even rent $1,361

Max offer price $144,900

Occupancy floor 82%

Sensitivity live

Price	-10% $310	-5% $260	+0% $210	+5% $160	+10% $109
Rent	-10% $81	-5% $145	+0% $210	+5% $274	+10% $338
Rate	-1.0pp $283	-0.5pp $246	base $210	+0.5pp $172	+1.0pp $134

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $74 · $888/yr
• Likely covers: poolsecurity

Listing history 8 events

1. 2026-05-31
   status $144,900 Pending 12 DOM
2. 2026-05-30
   days on market $144,900 Active 12 DOM
3. 2026-05-18
   listed $144,900 Active
4. 2013-02-15
   soldstatus $28,500 388-char remark

   Show marketing remark (388 chars)

   BIG REDUCTION. .. Affordable Living In Spanish Cove. .. This mobile home and corner lot is located in Perdido Pines, Spanish Cove and offers two bedrooms, two baths, kitchen appliances, carport, concrete parking, and storage building. Enjoy the amenities of Spanish Cove such as: heated pool, beach area, clubhouses, fishing pier, tennis courts, parks, and 25 hour security. Check it Out.

5. 2012-11-16
   listed $29,900 388-char remark

   Show marketing remark (388 chars)

   BIG REDUCTION. .. Affordable Living In Spanish Cove. .. This mobile home and corner lot is located in Perdido Pines, Spanish Cove and offers two bedrooms, two baths, kitchen appliances, carport, concrete parking, and storage building. Enjoy the amenities of Spanish Cove such as: heated pool, beach area, clubhouses, fishing pier, tennis courts, parks, and 25 hour security. Check it Out.

6. 2010-03-03
   soldstatus $59,800
7. 2010-01-06
   soldstatus $50,000
8. 2001-03-30
   soldstatus $11,000

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 23 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: $19,519
• − Mortgage interest: −$8,117
• − Property taxes: −$2,174
• − Insurance: −$724
• − Repairs & maintenance: −$1,562
• − Management: −$1,562
• − HOA: −$888
• − Depreciation: −$4,215
• Taxable income: $278
• Est. tax owed @ 24.0%: −$67
• After-tax cash flow: $2,449/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: Baldwin County
• NCES district ID: 0100270
• Math proficiency: 33% ▼ -26.00%
• Reading proficiency: 57% ▲ 1.00%
• Median HH income: $50,677
• Composite: 38.61/100
• National rank: #4157
• State rank: #18 of 129 in AL

Livability — Lillian

• Score: 66/100
• State rank: #97
• US rank: #11371

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 6,152
• Population (ZIP): 6,152

Population outlook (Baldwin County) Hauer SSP2

• Today (2025): 248,264 people
• By 2030: 270,315 · +8.9%
• By 2040: 312,967 · +26.1%
• By 2050: 352,262 · +41.9%
• By 2075: 438,841 · +76.8%
• By 2100: 487,736 · +96.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Lithuanian 7% Italian 3% Serbian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Baldwin

• 2024 margin: Solid R (+58.2) · D 20.5% · R 78.7%
• 2008→2024 swing: -6.7pp toward R · 2008: -51.5pp · 2024: -58.2pp
• All cycles: 2024: R+58.2 2020: R+53.8 2016: R+57.8 2012: R+55.8 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -23.45%
• Current HPI: 285.5902
• 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

+1217.3% since first listed

6 events — show timeline

• 2026-05-18 Listed $144,900 BCAR
• 2013-02-15 Sold (MLS) $28,500 BCAR
• 2012-11-16 Listed $29,900 BCAR
• 2010-03-03 Sold (Public Records) $59,800 Public Records
• 2010-01-06 Sold (Public Records) $50,000 Public Records
• 2001-03-30 Sold (Public Records) $11,000 Public Records

Property tax history

+9.9%/yr

Latest (2025): $198 · +34.1% YoY. Source: county tax records.