5250 Marietta Dr · Mobile, AL 36618

$130,000

3 bd · 2.0 ba · 1,477 sqft · SingleFamily public records · 3 Days on market

Built 1950 0.46 ac lot Est $198k · 34% under

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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 +27.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.7/10.0
• 1% rule +7.2/10.0
• 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 MLS

Potential and a convenient location! This 3-bedroom, 2-bath fixer upper is ready for new life and your personal touch. Just a short walk to Langan Park and only minutes from the University of South Alabama. The home features a spacious living room with a gas log fireplace, a dedicated dining room with built-in cabinetry for storage and display, and a generously sized kitchen with original wood cabinets. The primary bedroom offers an ensuite bath with shower, while two additional bedrooms share a hall bath. Hardwood floors run through the main living areas, adding to the home’s character. Additional highlights include a single-car garage and a large deck—perfect for outdoor entertaining. Property is being sold as-is and is subject to probate court approval. Cash buyers only.

Key facts

• Built-in cabinetry
• Gas log fireplace
• 0.46 acre lot

Tags

• SHORT WALK TO LANGAN PARK
• GAS LOG FIREPLACE
• DEDICATED DINING ROOM
• BUILT-IN CABINETRY
• GENEROUSLY SIZED KITCHEN
• ORIGINAL WOOD CABINETS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $390 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Cap rate 9.9% 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: 102 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 31% of the median local income ($62k/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 $899 of loan paydown is wiped out by about $4k 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 $36k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• 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 $130,000

Questions for the listing agent

1. Built in 1950 — 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: 1.22% ✓
• Cap rate: 9.90%
• Cash-on-cash: 12.87%
• DSCR: 1.57
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $197,918
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1204 Baylor Dr	0.32mi	3/2.0	1,458 (-1%)	1mo	$199,000	$136	82
1270 Peabody Dr	0.36mi	3/2.0	1,398 (-5%)	7mo	$152,750	$109	68
1114 Peabody Dr	0.39mi	3/2.0	1,537 (+4%)	9mo	$235,000	$153	68
5512 Overlook Rd	0.60mi	3/2.0	1,404 (-5%)	1mo	$148,000	$105	63
903 David Langan Dr W	0.21mi	3/1.0	1,350 (-9%)	13mo	$190,000	$141	61
1112 Druid Dr	0.21mi	4/2.0 (+1)	1,606 (+9%)	12mo	$216,000	$134	61
5462 Racine Ave	0.63mi	3/2.0	1,558 (+6%)	1mo	$245,000	$157	60
5609 Diane Ct	0.51mi	3/1.0	1,413 (-4%)	6mo	$173,000	$122	60
1613 Crestwood Dr	0.66mi	3/2.0	1,442 (-2%)	9mo	$203,000	$141	58
5661 Renn St	0.67mi	3/1.0	1,443 (-2%)	7mo	$85,000	$59	55
1620 Crestwood Dr	0.71mi	2/2.0 (-1)	1,524 (+3%)	7mo	$180,000	$118	51
5524 Overlook Rd	0.64mi	3/1.5	1,597 (+8%)	9mo	$176,000	$110	47

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: 2.7%
• Equity multiple: 1.10×
• Total profit: $3,797
• Equity at exit: $19,383

10-year hold

• IRR: 12.3%
• Equity multiple: 1.97×
• Total profit: $35,334
• Equity at exit: $11,240

Cash invested: $36,400 (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 36618

• Home prices YoY: -22.8%
• Active inventory: 102
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,592 high
• Mortgage (P&I): −$682
• Tax from tax record: −$131 /mo · $1,577/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $390

Break-even live

Break-even rent $1,098

Max offer price $130,000

Occupancy floor 70%

Sensitivity live

Price	-10% $464	-5% $427	+0% $390	+5% $353	+10% $317
Rent	-10% $265	-5% $327	+0% $390	+5% $453	+10% $516
Rate	-1.0pp $456	-0.5pp $423	base $390	+0.5pp $357	+1.0pp $322

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
914 David Langan Dr E Mobile, AL	3.0	1.0	1080	$1,450	$1.34	44d	1	0.15mi
1104 Garland St Mobile, AL	3.0	1.0	1377	$1,450	$1.05	22d	1	0.28mi
5477 Ardell Dr Unit 1043691P Mobile, AL	3.0	2.0	1496	$2,680	$1.79	14d	1	0.44mi
5508 Overlook Rd Mobile, AL	3.0	2.0	1260	$1,400	$1.11	14d	1	0.60mi
5613 Overlook Rd Mobile, AL	3.0	1.5	1520	$1,450	$0.95	44d	1	0.67mi
5520 Vienna Ave Mobile, AL	3.0	2.0	1745	$1,395	$0.80	44d	1	0.69mi
1631 Colonial Oaks Dr Mobile, AL	3.0	1.0	1196	$1,100	$0.92	44d	1	0.72mi
5751 Overlook Rd Unit A2 Mobile, AL	2.0	1.0	890	$850	$0.96	22d	1	0.80mi
912 Wendover Rd Unit 1043703P Mobile, AL	4.0	2.5	1496	$3,190	$2.13	22d	1	0.84mi
5904 Saint Gallen Ave S Unit 1043743P Mobile, AL	4.0	2.0	1496	$3,719	$2.49	22d	1	0.99mi
1063 Midmoor Dr Mobile, AL	2.0	2.0	1695	$1,450	$0.86	44d	1	0.99mi
5855 Woodvale Dr Mobile, AL	3.0	1.5	1712	$1,350	$0.79	22d	1	1.02mi
5213 Pineview Ln S Mobile, AL	3.0	1.0	1176	$1,575	$1.34	44d	1	1.27mi
1404 Stevens Ln Mobile, AL	3.0	1.0	1052	$1,275	$1.21	44d	1	1.29mi
316 Syracuse St Mobile, AL	3.0	2.0	1776	$1,875	$1.06	14d	1	1.30mi
5207 Azalea Cir S Mobile, AL	3.0	2.0	1100	$1,490	$1.35	22d	1	1.34mi
304 N University Blvd Unit 1043721P Mobile, AL	4.0	2.5	1496	$4,148	$2.77	22d	1	1.36mi
4410 The Cedars Ave Mobile, AL	2.0	1.0	1232	$1,500	$1.22	44d	1	1.43mi
4410 The Cedars Ave Mobile, AL	2.0	1.0	1232	$1,500	$1.22	14d	1	1.43mi

Listing history 4 events

1. 2026-04-25
   status Pending

   Show marketing remark (798 chars)

   Potential and a convenient location! This 3-bedroom, 2-bath fixer upper is ready for new life and your personal touch. Just a short walk to Langan Park and only minutes from the University of South Alabama. The home features a spacious living room with a gas log fireplace, a dedicated dining room with built-in cabinetry for storage and display, and a generously sized kitchen with original wood cabinets. The primary bedroom offers an ensuite bath with shower, while two additional bedrooms share a hall bath. Hardwood floors run through the main living areas, adding to the home’s character. Additional highlights include a single-car garage and a large deck—perfect for outdoor entertaining. Property is being sold as-is and is subject to probate court approval. Cash buyers only.

2. 2026-04-25
   status Pending 798-char remark

   Show marketing remark (798 chars)

   Potential and a convenient location! This 3-bedroom, 2-bath fixer upper is ready for new life and your personal touch. Just a short walk to Langan Park and only minutes from the University of South Alabama. The home features a spacious living room with a gas log fireplace, a dedicated dining room with built-in cabinetry for storage and display, and a generously sized kitchen with original wood cabinets. The primary bedroom offers an ensuite bath with shower, while two additional bedrooms share a hall bath. Hardwood floors run through the main living areas, adding to the home’s character. Additional highlights include a single-car garage and a large deck—perfect for outdoor entertaining. Property is being sold as-is and is subject to probate court approval. Cash buyers only.

3. 2026-04-22
   listed $130,000 Active 798-char remark

   Show marketing remark (798 chars)

   Potential and a convenient location! This 3-bedroom, 2-bath fixer upper is ready for new life and your personal touch. Just a short walk to Langan Park and only minutes from the University of South Alabama. The home features a spacious living room with a gas log fireplace, a dedicated dining room with built-in cabinetry for storage and display, and a generously sized kitchen with original wood cabinets. The primary bedroom offers an ensuite bath with shower, while two additional bedrooms share a hall bath. Hardwood floors run through the main living areas, adding to the home’s character. Additional highlights include a single-car garage and a large deck—perfect for outdoor entertaining. Property is being sold as-is and is subject to probate court approval. Cash buyers only.

4. 2026-04-22
   listed $130,000 Active

   Show marketing remark (798 chars)

   Potential and a convenient location! This 3-bedroom, 2-bath fixer upper is ready for new life and your personal touch. Just a short walk to Langan Park and only minutes from the University of South Alabama. The home features a spacious living room with a gas log fireplace, a dedicated dining room with built-in cabinetry for storage and display, and a generously sized kitchen with original wood cabinets. The primary bedroom offers an ensuite bath with shower, while two additional bedrooms share a hall bath. Hardwood floors run through the main living areas, adding to the home’s character. Additional highlights include a single-car garage and a large deck—perfect for outdoor entertaining. Property is being sold as-is and is subject to probate court approval. Cash buyers only.

ⓘ 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: $1,577 · $131/mo
• Projected year-2 tax: $1,577 · $131/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 ≥104°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: $19,103
• − Mortgage interest: −$7,282
• − Property taxes: −$1,577
• − Insurance: −$650
• − Repairs & maintenance: −$1,528
• − Management: −$1,528
• − Depreciation: −$3,782
• Taxable income: $2,756
• Est. tax owed @ 24.0%: −$661
• After-tax cash flow: $4,022/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): 17,892
• Household income: $61,550
• Rent vs Own: 24.7% rent · 75.3% own
• Severe rent burden: 542.0

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: Predominantly Black (65%)
• Race & ethnicity: Black 65% White 27% Two or more races 3% Asian 3% Hispanic / Latino 2%
• Common ancestry: Slovak 1% Serbian 1% Romanian 0%
• Foreign-born: 4% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Chinese 2%

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: ▼ -64.54%
• Current HPI: 218.7133
• Rent YoY: —
• 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

+0.0% since first listed

4 events — show timeline

• 2026-04-25 Pending — BCAR
• 2026-04-25 Pending — GCMLS AL
• 2026-04-22 Listed $130,000 GCMLS AL
• 2026-04-22 Listed $130,000 BCAR

Property tax history

+10.4%/yr

Latest (2025): $1,577 · +3.9% YoY. Source: county tax records.