1482 S University Blvd · Mobile, AL 36609

$105,000

3 bd · 1.0 ba · 1,416 sqft · SingleFamily public records · 41 Days on market

Built 1962 Fair condition 0.52 ac lot $74/sqft · 33% below area Est $157k · 33% under ↓ 52% since listing

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Livability +3.8/5.0
• Rent growth +3.3/5.0
• Schools +2.5/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Great Investment Property. Zoning can be turned into commercial- Per the owner.

Key facts

• 0.52 acre lot
• Built 1962
• Listed 40 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $105k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $445 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $102k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.4% vs local median 5.3% 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: Olive J Dodge Elementary School (math 6% / reading 35%, grade F, #453 of 627 statewide, top 72%, 875 students, 67% FRL); Denton Magnet School of Technology (math 26% / reading 69%, grade C-, #32 of 257 statewide, top 12%, 314 students, 94% FRL); Wp Davidson High School (math 36% / reading 41%, grade F, #37 of 305 statewide, top 12%, 1,535 students, 61% FRL).
• Market conditions: Rents rising (+3.1%/yr); 249 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 110d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).
• This rent runs 34% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $726 of loan paydown is wiped out by about $3k 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 + 3.1% rent growth), your $29k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($102k) 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 $101,850 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.34% ✓
• Cap rate: 11.37%
• Cash-on-cash: 18.15%
• DSCR: 1.81
• GRM: 6.2

CMA / ARV

• ARV (median comp): $157,396
• List price: $105,000
• Delta: -33.29%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5120 Ridgedale Rd	0.19mi	3/2.0	1,428 (+1%)	4mo	$130,000	$91	82
4259 Raines Dr	0.47mi	3/1.5	1,394 (-2%)	4mo	$184,000	$132	70
4300 David Dr	0.21mi	3/2.0	1,523 (+8%)	5mo	$287,800	$189	70
660 Halifax Dr	0.61mi	3/1.0	1,456 (+3%)	1mo	$79,500	$55	66
615 Dartmoor Ln	0.35mi	4/2.0 (+1)	1,355 (-4%)	3mo	$169,900	$125	65
1611 Cortez Dr	0.37mi	3/1.5	1,268 (-10%)	2mo	$190,000	$150	62
717 Kasserine Pass	0.71mi	3/1.5	1,377 (-3%)	4mo	$178,000	$129	57
713 Raines Dr	0.71mi	3/1.0	1,347 (-5%)	5mo	$73,000	$54	55
657 Raines Dr	0.52mi	4/2.0 (+1)	1,286 (-9%)	0mo	$175,000	$136	51
4077 Lancewood Dr S	0.65mi	4/1.0 (+1)	1,284 (-9%)	5mo	$125,000	$97	45
668 Ynestra Dr	0.63mi	3/1.5	1,218 (-14%)	1mo	$165,000	$135	45
708 Merritt Dr	0.73mi	3/2.0	1,527 (+8%)	6mo	$225,000	$147	44

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 · 3.07% rent growth · sell at horizon

5-year hold

• IRR: 9.8%
• Equity multiple: 1.39×
• Total profit: $11,386
• Equity at exit: $15,656

10-year hold

• IRR: 19.0%
• Equity multiple: 2.59×
• Total profit: $46,726
• Equity at exit: $9,078

Cash invested: $29,400 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 26 active · 27 under contract
• Months of supply: 4.1 mo (24%/mo absorbed)
• Median asking: $187,250 ($135/sqft)
• Median days on market: 37 d
• This list price: 4% of active listings are priced below it
• ARV vs active asking: -17.8% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 36609

• Rents YoY: 3.1%
• Active inventory: 249
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,408 high
• Mortgage (P&I): −$551
• Tax from tax record: −$73 /mo · $881/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $445

Break-even live

Break-even rent $845

Max offer price $105,000

Occupancy floor 63%

Sensitivity live

Price	-10% $504	-5% $474	+0% $445	+5% $415	+10% $385
Rent	-10% $333	-5% $389	+0% $445	+5% $500	+10% $556
Rate	-1.0pp $497	-0.5pp $471	base $445	+0.5pp $417	+1.0pp $390

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: $26,250
• Closing costs: $3,150
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5155 Ridgedale Rd Mobile, AL	3.0	1.5	1263	$1,400	$1.11	109d	1	0.16mi
833 S University Blvd Mobile, AL	1.0–2.0	1.0–2.0	786	$1,125	$1.43	0d	6	0.19mi
4161 Yorkshire Ln Mobile, AL	4.0	1.0	1225	$1,450	$1.18	6d	1	0.25mi
4118 Seabreeze Rd N Mobile, AL	3.0	1.0	1088	$1,100	$1.01	139d	1	0.28mi
550 Tamworth Ct Mobile, AL	3.0	1.0	1000	$1,295	$1.29	139d	1	0.29mi
552 Tamworth Ct Mobile, AL	3.0	1.0	1100	$1,450	$1.32	139d	1	0.30mi
4306 Via Alta Dr Mobile, AL	3.0	2.0	1640	$1,600	$0.98	139d	1	0.42mi
4161 Rebecca Rd Mobile, AL	3.0	1.0	1214	$1,500	$1.24	109d	1	0.43mi
4052 Cresthaven Rd Mobile, AL	3.0	2.0	1100	$1,300	$1.18	6d	1	0.49mi
4057 Gaylark Rd N Mobile, AL	3.0	1.0	1080	$1,275	$1.18	117d	1	0.57mi
654 Ynestra Dr Mobile, AL	3.0	1.5	1134	$1,300	$1.15	109d	1	0.58mi
654 Ynestra Dr Mobile, AL	3.0	1.5	1134	$1,300	$1.15	6d	1	0.58mi
1662 Andover Blvd Mobile, AL	3.0	2.0	1296	$1,495	$1.15	6d	1	0.61mi
4077 Lancewood Dr S Mobile, AL	4.0	1.0	1283	$1,600	$1.25	139d	1	0.67mi
4242 Marmora Dr Mobile, AL	3.0	1.5	1053	$1,500	$1.42	139d	1	0.68mi
4213 Malibar Dr Mobile, AL	3.0	1.0	1100	$1,458	$1.33	117d	1	0.68mi
713 Raines Dr Mobile, AL	4.0	2.0	1600	$1,858	$1.16	109d	1	0.74mi
5617 Vista Bonita Dr S Mobile, AL	4.0	2.0	1583	$1,936	$1.22	6d	1	0.88mi
3905 San Juan Dr Mobile, AL	3.0	1.0	1073	$1,400	$1.30	6d	1	0.90mi
282 Jackson Blvd Mobile, AL	2.0	1.0	1414	$1,400	$0.99	6d	1	0.90mi
5900 Grelot Rd Mobile, AL	2.0	2.0–2.5	1259	$1,600	$1.27	109d	2	0.92mi
315 Bomar Pl Mobile, AL	3.0	2.0	1632	$1,850	$1.13	109d	1	0.94mi
1724 Rustic Wood Ct Mobile, AL	3.0	2.0	1607	$1,850	$1.15	139d	1	0.96mi
1651 Knollwood Dr Mobile, AL	1.0–2.0	1.0–2.0	835	$1,235	$1.48	0d	24	0.97mi
3853 San Juan Dr Mobile, AL	3.0	1.0	1004	$1,200	$1.20	6d	1	1.02mi
900 Downtowner Blvd Mobile, AL	1.0–3.0	1.0–2.5	1029	$1,545	$1.50	0d	29	1.12mi
651 Azalea Rd Mobile, AL	2.0–3.0	1.0–1.5	890	$1,232	$1.38	6d	1	1.15mi
1250 Henckley Ave Unit AVE104 Mobile, AL	2.0	2.0	1080	$1,200	$1.11	6d	1	1.17mi
506 Seville Dr Mobile, AL	3.0	1.5	1200	$1,350	$1.12	109d	1	1.18mi
3800 Michael Blvd Mobile, AL	1.0–3.0	1.0–2.0	977	$1,091	$1.12	0d	10	1.18mi
5901 Ole Mill Rd Mobile, AL	3.0	2.0	1600	$1,900	$1.19	139d	1	1.18mi
5608 Cottage Hill Rd Mobile, AL	2.0	2.0	879	$1,199	$1.36	6d	1	1.19mi
6075 Grelot Rd Mobile, AL	1.0–2.0	1.0	875	$1,240	$1.42	0d	7	1.20mi
965 Wildwood Ave Mobile, AL	3.0	2.0	1488	$1,450	$0.97	0d	1	1.21mi
964 Wildwood Ave Mobile, AL	4.0	2.5	1824	$2,200	$1.21	5d	1	1.24mi
4670 Rosewood Dr Mobile, AL	3.0	2.0	1192	$1,200	$1.01	6d	1	1.29mi
4670 Rosewood Dr Mobile, AL	3.0	2.0	1192	$1,200	$1.01	109d	1	1.29mi
4017 Cottage Hill Rd Mobile, AL	3.0	2.5	1616	$1,495	$0.93	139d	1	1.32mi
4017 Cottage Hill Rd #69 Mobile, AL	3.0	2.5	1616	$1,495	$0.93	117d	1	1.32mi
4017 Cottage Hill Rd #2 Mobile, AL	3.0	2.5	1440	$1,550	$1.08	2d	1	1.32mi

Listing history 4 events

1. 2026-05-06
   price $105,000 79-char remark
2. 2026-04-28
   price $115,000 79-char remark
3. 2026-04-13
   listed $125,000 Active 79-char remark
4. 2023-07-29
   listed $220,000 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: $881 · $73/mo
• Projected year-2 tax: $881 · $73/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 21 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: $16,897
• − Mortgage interest: −$5,882
• − Property taxes: −$881
• − Insurance: −$525
• − Repairs & maintenance: −$1,352
• − Management: −$1,352
• − Depreciation: −$3,055
• Taxable income: $3,851
• Est. tax owed @ 24.0%: −$924
• After-tax cash flow: $4,411/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $35,400–$63,720 screening

The property requires moderate renovations, focusing on exterior siding, landscaping, and interior touch-ups. These improvements will significantly enhance its curb appeal and overall value, making it an attractive investment.

Deferred maintenance Est. $50,000–$150,000 screening

• Major Roof (roof) — The roof appears to be missing or damaged, exposing the structure underneath.
• Major Windows (windows) — The windows are not visible, but the structure suggests they may be in poor condition.
• Major Electrical (electrical) — The structure appears to be in a state of disrepair, which could indicate electrical issues.
• Major Exterior (exterior) — The exterior of the house is in a state of disrepair, with visible damage and missing elements.
• Major Other — The overall condition of the house suggests significant structural and functional issues that need immediate attention.

Repairs flagged

• Moderate Exterior siding — Weathered and discolored, needs repainting.
• Major Landscaping — Overgrown yard with debris, needs trimming and planting.
• Minor Interior walls/paint — Paint appears faded in some areas, needs touch-up paint.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and property value. ↑
• Both Landscaping — Improves curb appeal and adds value. ↑
• Both Interior paint touch-up — Enhances interior appearance and value. ↑
• Both Deep cleaning — Prepares the property for showing and potential buyers. ↑
• Both HVAC maintenance — Ensures comfort and energy efficiency, attracting buyers/tenants. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 25/100

Zoned Schools

Elementary Olive J Dodge Elementary School F AL #453/627 Nat'l #33,158/41,679 Middle Burns Middle School F AL #201/257 Nat'l #12,279/14,009 High Wp Davidson High School F AL #37/305 Nat'l #8,796/17,239

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

B Composite livability gradescore 75/100

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
• County: Mobile County · 415,303 people
• City population: 205,729
• Metro: Mobile, AL
• Population (ZIP): 23,820
• Household income: $49,830
• Rent vs Own: 54.0% rent · 46.0% own
• Severe rent burden: 10% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 44% White 42% Two or more races 6% Hispanic / Latino 5% Asian 5%
• Common ancestry: Lithuanian 3% Slovak 2% Italian 2%
• Foreign-born: 6% · Canada, Vietnam, China
• Languages at home: 93% English-only · Spanish 2% Vietnamese 2% Other Indo-European 1%

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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: ▼ -124.06%
• Current HPI: 200.0811
• Rent YoY: ▲ 3.07%
• Metro: Mobile, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

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Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

-52.3% since first listed

3 events — show timeline

• 2026-05-06 Price Changed $105,000 Greater Alabama MLS
• 2026-04-28 Price Changed $115,000 Greater Alabama MLS
• 2023-07-29 Listed $220,000 BCAR

Property tax history

+2.3%/yr

Latest (2025): $881 · +6.9% YoY. Source: county tax records.