109 Esplanade Ave · Mobile, AL 36606

$124,000

2 bd · 1.0 ba · 1,298 sqft · SingleFamily public records · 143 Days on market

Built 1950 0.26 ac lot Est $171k · 28% under

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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 +21.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +5.1/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming 3-bedroom, 1-bath home offers 1,300 square feet of cozy, well-maintained living space in the desirable Daphne Acres subdivision. Perfectly situated near popular shopping areas and just a short drive to downtown Mobile, this home combines comfort with convenience. Its inviting layout, cute curb appeal, and great location make it an ideal choice for anyone looking for a delightful place to call home. Home sold "as is, where is". Buyer to verify all information during due diligence. Seller is a licensed real estate agent in the state of Alabama.

Key facts

• 0.26 acre lot
• 2 parking spots
• Built 1950

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $124k.

Deal economics

• At list price, monthly cash flow is $185 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $124k).
• Recommended offer: $109k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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 fast (+5.1%/yr); 174 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 $857 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.

Negotiation context

• It's been on market 143 days — a 12% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $26k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $124k implies a 107% gain — meaningful room to come down on a strong offer.

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 $109,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 143 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.01% ✓
• Cap rate: 8.08%
• Cash-on-cash: 6.38%
• DSCR: 1.28
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $171,336
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
109 Esplanade Ave	0.00mi	3/1.0 (+1)	1,337 (+3%)	0mo	$120,000	$90	90
113 Esplanade Ave	0.05mi	3/1.0 (+1)	1,341 (+3%)	7mo	$105,000	$78	81
115 Esplanade Ave	0.06mi	3/2.0 (+1)	1,428 (+10%)	7mo	$193,000	$135	66
3016 Orleans St	0.32mi	3/1.5 (+1)	1,328 (+2%)	12mo	$178,000	$134	64
162 Sage Ave S	0.47mi	2/2.0	1,257 (-3%)	7mo	$138,000	$110	63
3075 Fendley Ave	0.36mi	3/2.0 (+1)	1,400 (+8%)	2mo	$195,000	$139	59
3051 Baronne St	0.29mi	3/2.0 (+1)	1,451 (+12%)	1mo	$190,000	$131	58
105 Blacksher Ct	0.63mi	2/1.5	1,254 (-3%)	12mo	$165,000	$132	53
168 Esplanade Ave	0.27mi	3/1.0 (+1)	1,107 (-15%)	8mo	$128,000	$116	51
70 Picardy St	0.75mi	3/1.0 (+1)	1,224 (-6%)	2mo	$140,000	$114	49
2852 Thornhill Dr	0.75mi	3/1.0 (+1)	1,216 (-6%)	2mo	$217,500	$179	48
116 Sage Ave S	0.41mi	3/2.0 (+1)	1,440 (+11%)	9mo	$239,000	$166	46

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 · 5.06% rent growth · sell at horizon

5-year hold

• IRR: -4.3%
• Equity multiple: 0.84×
• Total profit: $-5,692
• Equity at exit: $18,489

10-year hold

• IRR: 7.5%
• Equity multiple: 1.62×
• Total profit: $21,475
• Equity at exit: $10,721

Cash invested: $34,720 (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 36606

• Rents YoY: 5.1%
• Active inventory: 174
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,252 high
• Mortgage (P&I): −$650
• Tax from tax record: −$102 /mo · $1,229/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $185

Break-even live

Break-even rent $1,018

Max offer price $124,000

Occupancy floor 80%

Sensitivity live

Price	-10% $255	-5% $220	+0% $185	+5% $150	+10% $115
Rent	-10% $86	-5% $135	+0% $185	+5% $234	+10% $284
Rate	-1.0pp $247	-0.5pp $216	base $185	+0.5pp $153	+1.0pp $120

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: $31,000
• Closing costs: $3,720
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3252 Orleans St Mobile, AL	2.0	1.0	900	$850	$0.94	44d	1	0.03mi
120 Paris Ave Mobile, AL	2.0	1.0	1054	$1,150	$1.09	21d	1	0.06mi
3060 Emogene St Mobile, AL	3.0	1.0	1200	$1,400	$1.17	14d	1	0.34mi
2861 Potter Dr Unit 1043844P Mobile, AL	3.0	2.0	1496	$2,492	$1.67	21d	1	0.65mi
2855 Potter Dr Mobile, AL	2.0	1.0	1127	$1,050	$0.93	44d	1	0.68mi
151 Du Rhu Dr Mobile, AL	1.0–3.0	1.0–2.0	1052	$2,270	$2.16	14d	12	0.68mi
2861 Ralston Rd Mobile, AL	3.0	2.0	1617	$1,650	$1.02	44d	1	0.69mi
150 Dunn Ave Mobile, AL	3.0	2.0	1455	$1,250	$0.86	21d	1	0.71mi
146 Yester Oaks Dr Mobile, AL	1.0–3.0	1.0–2.5	1203	$1,280	$1.06	14d	12	0.77mi
2859 Brierwood Dr Mobile, AL	3.0	1.0	1057	$1,500	$1.42	14d	1	0.78mi
168 W Collins St Mobile, AL	3.0	1.0	968	$725	$0.75	21d	1	0.82mi
315 Hadrian St Mobile, AL	3.0	2.0	1843	$1,800	$0.98	44d	1	0.96mi
3655 Old Shell Rd Unit 3655 Mobile, AL	2.0	2.0	1200	$1,850	$1.54	14d	1	0.97mi
2500 Dauphinwood Dr Mobile, AL	2.0–3.0	1.0–2.0	1250	$980	$0.78	14d	19	1.00mi
505 Bel Air Blvd Mobile, AL	1.0–2.0	1.0–2.0	976	$1,274	$1.30	14d	16	1.05mi
156 Hemley Ave Mobile, AL	3.0	1.0	936	$1,195	$1.28	44d	1	1.06mi
3661 Airport Blvd Mobile, AL	1.0–3.0	1.0–2.5	1187	$1,338	$1.13	14d	24	1.15mi
2604 Dauphin St #210 Mobile, AL	2.0	1.0	950	$1,150	$1.21	21d	1	1.18mi
2604 Dauphin St Mobile, AL	2.0	1.0	950	$1,072	$1.13	44d	2	1.18mi
2656 Pathway Pl Mobile, AL	2.0–3.0	1.0	778	$949	$1.22	14d	9	1.24mi
200 S Florida St Unit 101 Mobile, AL	2.0	2.0	1150	$1,375	$1.20	21d	1	1.24mi
418 Durande Dr Mobile, AL	3.0	2.0	1456	$1,350	$0.93	14d	1	1.27mi
461 Magnolia Rd Unit A Mobile, AL	2.0	1.0	989	$825	$0.83	44d	1	1.27mi
1030 Montlimar Dr Mobile, AL	1.0–3.0	1.0–2.0	997	$1,232	$1.24	14d	17	1.31mi
2507 Taylor Ave Mobile, AL	3.0	1.0	1230	$1,495	$1.22	14d	1	1.39mi
2503 Richard Ave Mobile, AL	2.0	1.0	928	$805	$0.87	14d	1	1.42mi
3920 Berwyn Dr S Mobile, AL	1.0–3.0	1.0–2.0	1427	$1,274	$0.89	14d	34	1.43mi

Listing history 8 events

1. 2026-04-07
   status Pending 572-char remark

   Show marketing remark (572 chars)

   This charming 3-bedroom, 1-bath home offers 1,300 square feet of cozy, well-maintained living space in the desirable Daphne Acres subdivision. Perfectly situated near popular shopping areas and just a short drive to downtown Mobile, this home combines comfort with convenience. Its inviting layout, cute curb appeal, and great location make it an ideal choice for anyone looking for a delightful place to call home. Home sold "as is, where is". Buyer to verify all information during due diligence. Seller is a licensed real estate agent in the state of Alabama.

2. 2026-04-07
   status Pending

   Show marketing remark (572 chars)

   This charming 3-bedroom, 1-bath home offers 1,300 square feet of cozy, well-maintained living space in the desirable Daphne Acres subdivision. Perfectly situated near popular shopping areas and just a short drive to downtown Mobile, this home combines comfort with convenience. Its inviting layout, cute curb appeal, and great location make it an ideal choice for anyone looking for a delightful place to call home. Home sold "as is, where is". Buyer to verify all information during due diligence. Seller is a licensed real estate agent in the state of Alabama.

3. 2026-03-09
   price $124,000 572-char remark

   Show marketing remark (572 chars)

   This charming 3-bedroom, 1-bath home offers 1,300 square feet of cozy, well-maintained living space in the desirable Daphne Acres subdivision. Perfectly situated near popular shopping areas and just a short drive to downtown Mobile, this home combines comfort with convenience. Its inviting layout, cute curb appeal, and great location make it an ideal choice for anyone looking for a delightful place to call home. Home sold "as is, where is". Buyer to verify all information during due diligence. Seller is a licensed real estate agent in the state of Alabama.

4. 2026-03-09
   price $124,000

   Show marketing remark (572 chars)

   This charming 3-bedroom, 1-bath home offers 1,300 square feet of cozy, well-maintained living space in the desirable Daphne Acres subdivision. Perfectly situated near popular shopping areas and just a short drive to downtown Mobile, this home combines comfort with convenience. Its inviting layout, cute curb appeal, and great location make it an ideal choice for anyone looking for a delightful place to call home. Home sold "as is, where is". Buyer to verify all information during due diligence. Seller is a licensed real estate agent in the state of Alabama.

5. 2025-11-16
   listed $150,000 Active 572-char remark

   Show marketing remark (572 chars)

   This charming 3-bedroom, 1-bath home offers 1,300 square feet of cozy, well-maintained living space in the desirable Daphne Acres subdivision. Perfectly situated near popular shopping areas and just a short drive to downtown Mobile, this home combines comfort with convenience. Its inviting layout, cute curb appeal, and great location make it an ideal choice for anyone looking for a delightful place to call home. Home sold "as is, where is". Buyer to verify all information during due diligence. Seller is a licensed real estate agent in the state of Alabama.

6. 2025-11-15
   listed $150,000 Active
7. 2005-05-11
   soldstatus $59,900
8. 2005-04-13
   soldstatus $86,522

ⓘ 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: $1,229 · $102/mo
• Projected year-2 tax: $1,229 · $102/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,025
• − Mortgage interest: −$6,946
• − Property taxes: −$1,229
• − Insurance: −$620
• − Repairs & maintenance: −$1,202
• − Management: −$1,202
• − Depreciation: −$3,607
• Taxable income: $218
• Est. tax owed @ 24.0%: −$52
• After-tax cash flow: $2,164/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): 18,728
• Household income: $51,303
• Rent vs Own: 51.3% rent · 48.7% own
• Severe rent burden: 999.0

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: Majority Black (56%)
• Race & ethnicity: Black 56% White 37% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Italian 2% Scottish 2% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -232.19%
• Current HPI: 145.9025
• Rent YoY: ▲ 5.06%
• 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

+43.3% since first listed

8 events — show timeline

• 2026-04-07 Pending — GCMLS AL
• 2026-04-07 Pending — BCAR
• 2026-03-09 Price Changed $124,000 GCMLS AL
• 2026-03-09 Price Changed $124,000 BCAR
• 2025-11-16 Listed $150,000 GCMLS AL
• 2025-11-15 Listed $150,000 BCAR
• 2005-05-11 Sold (Public Records) $59,900 Public Records
• 2005-04-13 Sold (Public Records) $86,522 Public Records

Property tax history

-0.2%/yr

Latest (2025): $1,229 · +7.0% YoY. Source: county tax records.