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 0.52 ac lot $74/sqft · 32% below area Est $154k · 32% 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 +8.2/10.0
• Livability +3.8/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

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.

Deal economics

• At list price, monthly cash flow is $425 ($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 11.1% 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: 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: Rents rising (+3.1%/yr); 144 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).
• This rent runs 33% 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.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $20k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.32% ✓
• Cap rate: 11.15%
• Cash-on-cash: 17.34%
• DSCR: 1.77
• GRM: 6.3

CMA / ARV

• ARV (median comp): $153,833
• List price: $105,000
• Delta: -31.74%
• 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%)	1mo	$130,000	$91	85
5100 Ridgedale Rd	0.26mi	3/1.0	1,358 (-4%)	4mo	$132,000	$97	78
4259 Raines Dr	0.47mi	3/1.5	1,394 (-2%)	1mo	$184,000	$132	73
4300 David Dr	0.21mi	3/2.0	1,523 (+8%)	2mo	$287,800	$189	72
4115 Tamworth Dr	0.38mi	3/1.0	1,376 (-3%)	8mo	$172,600	$125	71
4126 Springdale Rd	0.40mi	3/2.0	1,380 (-2%)	3mo	$169,000	$122	71
717 Kasserine Pass	0.71mi	3/1.5	1,377 (-3%)	1mo	$178,000	$129	59
410 St. John Pl	0.49mi	3/2.0	1,516 (+7%)	4mo	$207,000	$137	58
713 Raines Dr	0.71mi	3/1.0	1,347 (-5%)	2mo	$73,000	$54	57
4077 Lancewood Dr S	0.65mi	4/1.0 (+1)	1,284 (-9%)	2mo	$125,000	$97	48
708 Merritt Dr	0.73mi	3/2.0	1,527 (+8%)	3mo	$225,000	$147	47
5401 Raines Dr	0.54mi	4/2.0 (+1)	1,612 (+14%)	4mo	$195,000	$121	40

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: 8.8%
• Equity multiple: 1.34×
• Total profit: $10,120
• Equity at exit: $15,656

10-year hold

• IRR: 18.0%
• Equity multiple: 2.50×
• Total profit: $43,987
• 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 →

ZIP-level market 36609

• Rents YoY: 3.1%
• Active inventory: 144
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,383 high
• Mortgage (P&I): −$551
• Tax from tax record: −$73 /mo · $881/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $425

Break-even live

Break-even rent $845

Max offer price $105,000

Occupancy floor 64%

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
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5155 Ridgedale Rd Mobile, AL	3.0	1.5	1263	$1,400	$1.11	13d	1	0.16mi
833 S University Blvd Mobile, AL	1.0–2.0	1.0–2.0	855	$1,190	$1.39	13d	12	0.19mi
4118 Seabreeze Rd N Mobile, AL	3.0	1.0	1088	$1,100	$1.01	43d	1	0.28mi
550 Tamworth Ct Mobile, AL	3.0	1.0	1000	$1,295	$1.29	43d	1	0.29mi
552 Tamworth Ct Mobile, AL	3.0	1.0	1100	$1,450	$1.32	43d	1	0.30mi
4306 Via Alta Dr Mobile, AL	3.0	2.0	1640	$1,600	$0.98	43d	1	0.42mi
701 S University Blvd Mobile, AL	2.0	1.0	692	$1,093	$1.58	21d	10	0.42mi
4161 Rebecca Rd Mobile, AL	3.0	1.0	1214	$1,500	$1.24	13d	1	0.43mi
4057 Gaylark Rd N Mobile, AL	3.0	1.0	1080	$1,275	$1.18	21d	1	0.57mi
654 Ynestra Dr Mobile, AL	3.0	1.5	1134	$1,300	$1.15	13d	1	0.58mi
4077 Lancewood Dr S Mobile, AL	4.0	1.0	1283	$1,600	$1.25	43d	1	0.67mi
4242 Marmora Dr Mobile, AL	3.0	1.5	1053	$1,500	$1.42	43d	1	0.68mi
4213 Malibar Dr Mobile, AL	3.0	1.0	1100	$1,458	$1.33	21d	1	0.68mi
713 Raines Dr Mobile, AL	4.0	2.0	1600	$1,858	$1.16	13d	1	0.74mi
5900 Grelot Rd Mobile, AL	2.0	2.0–2.5	1259	$1,600	$1.27	13d	2	0.92mi
315 Bomar Pl Mobile, AL	3.0	2.0	1632	$1,850	$1.13	13d	1	0.94mi
1724 Rustic Wood Ct Mobile, AL	3.0	2.0	1607	$1,850	$1.15	43d	1	0.96mi
1651 Knollwood Dr Mobile, AL	1.0–2.0	1.0–2.0	835	$1,247	$1.49	13d	16	0.97mi
900 Downtowner Blvd Mobile, AL	1.0–3.0	1.0–2.5	1029	$1,449	$1.41	13d	32	1.12mi
651 Azalea Rd Mobile, AL	2.0–3.0	1.0–1.5	890	$1,232	$1.38	43d	1	1.15mi
506 Seville Dr Mobile, AL	3.0	1.5	1200	$1,350	$1.12	13d	1	1.18mi
3800 Michael Blvd Mobile, AL	1.0–2.0	1.0–2.0	854	$942	$1.10	13d	15	1.18mi
5901 Ole Mill Rd Mobile, AL	3.0	2.0	1600	$1,900	$1.19	43d	1	1.18mi
6075 Grelot Rd Mobile, AL	2.0	1.0	1050	$1,215	$1.16	13d	1	1.20mi
4670 Rosewood Dr Mobile, AL	3.0	2.0	1192	$1,200	$1.01	13d	1	1.29mi
4017 Cottage Hill Rd Mobile, AL	3.0	2.5	1616	$1,495	$0.93	43d	1	1.32mi
4017 Cottage Hill Rd #69 Mobile, AL	3.0	2.5	1616	$1,495	$0.93	21d	1	1.32mi
561 Village Green Dr E Mobile, AL	2.0	1.0	880	$1,000	$1.14	13d	4	1.37mi
3993 Cottage Hill Rd Mobile, AL	2.0	1.5	1150	$895	$0.78	43d	1	1.38mi

Listing history 4 events

1. 2026-05-06
   price $105,000 79-char remark

   Show marketing remark (79 chars)

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

2. 2026-04-28
   price $115,000 79-char remark

   Show marketing remark (79 chars)

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

3. 2026-04-13
   listed $125,000 Active 79-char remark

   Show marketing remark (79 chars)

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

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 1/10 Low
• 🌡 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: $16,596
• − Mortgage interest: −$5,882
• − Property taxes: −$881
• − Insurance: −$525
• − Repairs & maintenance: −$1,328
• − Management: −$1,328
• − Depreciation: −$3,055
• Taxable income: $3,598
• Est. tax owed @ 24.0%: −$864
• After-tax cash flow: $4,233/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
• County: Mobile County · 246,577 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: 1379.0

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: 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%

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

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

4 events — show timeline

• 2026-05-06 Price Changed $105,000 Greater Alabama MLS
• 2026-04-28 Price Changed $115,000 Greater Alabama MLS
• 2026-04-13 Listed $125,000 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.