103 Love Joy Loop W · Prichard, AL 36610

$59,900

3 bd · 1.0 ba · 1,232 sqft · SingleFamily public records · 82 Days on market

Built 1981 0.34 ac lot $49/sqft · 91% above area ↓ 7% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.2/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

PRICED TO SELL! Charming historical-style 3 bed 1 bath home on double corner-lot. High ceilings and a den in the back! Wood floors add character and authenticity. Plenty of space for parking. 2 living spaces! Easy access to 3 interstates and both downtowns! Call your favorite REALTOR for a private tour today!

Key facts

• 0.34 acre lot
• 3 parking spots
• Listed 82 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $349 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($911 rent vs $60k).
• Recommended offer: $56k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 54/100 on livability (#472 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools D-, crime F, amenities F.
• 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: 41 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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).

Forward outlook

• In year one you build about $637 of equity ($414 loan paydown + $223 appreciation (0.4% local appreciation)).
• Mobile County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (0.4% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($56k) 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 $56,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.52% ✓
• Cap rate: 13.29%
• Cash-on-cash: 25.00%
• DSCR: 2.11
• GRM: 5.5

CMA / ARV

• ARV (median comp): $31,337
• List price: $59,900
• Delta: 91.15%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
157 John Helm St	0.11mi	2/1.0 (-1)	1,149 (-7%)	4mo	$55,000	$48	76
519 Coal St	0.39mi	2/1.0 (-1)	1,248 (+1%)	1mo	$57,000	$46	74
515 Gilbert St	0.36mi	3/1.0	1,154 (-6%)	3mo	$10,000	$9	70
407 Garrison Ave	0.60mi	3/2.0	1,222 (-1%)	1mo	$50,000	$41	66
2435 St Stephens Rd	0.56mi	3/1.0	1,172 (-5%)	0mo	$107,999	$92	66
602 Forest Ave	0.58mi	3/2.0	1,269 (+3%)	14mo	$158,000	$125	52
210 Irby St	0.49mi	3/1.0	1,416 (+15%)	13mo	$73,500	$52	42
1851 Seale St	0.75mi	4/1.0 (+1)	1,222 (-1%)	22mo	$122,500	$100	40
439 Irby St	0.71mi	3/2.0	1,269 (+3%)	23mo	$28,000	$22	39
402 Glendale Pl	0.65mi	2/1.0 (-1)	1,166 (-5%)	21mo	$29,900	$26	38
1823 Idell St	0.68mi	3/2.0	1,080 (-12%)	14mo	$148,000	$137	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.37% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.9%
• Equity multiple: 2.28×
• Total profit: $21,547
• Equity at exit: $18,516

10-year hold

• IRR: 29.4%
• Equity multiple: 4.37×
• Total profit: $56,439
• Equity at exit: $23,175

Cash invested: $16,772 (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 36610

• Home prices YoY: 0.9%
• Active inventory: 41
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $911 medium
• Mortgage (P&I): −$314
• Tax from tax record: −$31 /mo · $370/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$191
• Net cashflow: $349

Break-even live

Break-even rent $468

Max offer price $59,900

Occupancy floor 57%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
38 Flock Ave Mobile, AL	2.0	1.0	849	$795	$0.94	43d	1	0.56mi
519 Bay Bridge Rd Unit B Prichard, AL	2.0	1.0	1000	$925	$0.93	43d	1	0.74mi
408 Rawls Ave Mobile, AL	2.0	1.0	1032	$1,100	$1.07	13d	1	1.26mi

Listing history 19 events

1. 2026-06-18
   days on market $59,900 Active 82 DOM
2. 2026-06-17
   days on market $59,900 Active 81 DOM
3. 2026-06-16
   days on market $59,900 Active 80 DOM
4. 2026-06-15
   price $59,900 Active 79 DOM
5. 2026-06-15
   days on market $69,900 Active 79 DOM
6. 2026-06-14
   days on market $69,900 Active 77 DOM
7. 2026-06-13
   days on market $69,900 Active 76 DOM
8. 2026-06-10
   days on market $69,900 Active 74 DOM
9. 2026-06-09
   days on market $69,900 Active 73 DOM
10. 2026-06-08
    days on market $69,900 Active 72 DOM
11. 2026-06-07
    days on market $69,900 Active 71 DOM
12. 2026-06-05
    days on market $69,900 Active 68 DOM
13. 2026-06-03
    days on market $69,900 Active 67 DOM
14. 2026-06-02
    days on market $69,900 Active 66 DOM
15. 2026-06-01
    days on market $69,900 Active 65 DOM
16. 2026-05-31
    days on market $69,900 Active 64 DOM
17. 2026-05-30
    days on market $69,900 Active 63 DOM
18. 2026-03-28
    listed $69,900 Active 311-char remark

    Show marketing remark (311 chars)

    PRICED TO SELL! Charming historical-style 3 bed 1 bath home on double corner-lot. High ceilings and a den in the back! Wood floors add character and authenticity. Plenty of space for parking. 2 living spaces! Easy access to 3 interstates and both downtowns! Call your favorite REALTOR for a private tour today!

19. 2026-01-22
    price $75,500

ⓘ 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: $370 · $31/mo
• Projected year-2 tax: $370 · $31/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 ≥104°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: $10,927
• − Mortgage interest: −$3,355
• − Property taxes: −$370
• − Insurance: −$300
• − Repairs & maintenance: −$874
• − Management: −$874
• − Depreciation: −$1,743
• Taxable income: $3,411
• Est. tax owed @ 24.0%: −$819
• After-tax cash flow: $3,375/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 — Prichard

• Score: 54/100
• State rank: #472
• US rank: #24080

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prichard, AL
• City population: 13,402
• Population (ZIP): 9,692

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 (97%)
• Race & ethnicity: Black 97% Hispanic / Latino 1% White 1%
• Foreign-born: 0%

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: ▲ 0.37%
• Current HPI: 42.6203
• 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

-7.4% since first listed

2 events — show timeline

• 2026-03-28 Listed $69,900 GCMLS AL
• 2026-01-22 Price Changed $75,500 GCMLS AL

Property tax history

+15.8%/yr

Latest (2025): $370 · -0.7% YoY. Source: county tax records.