310 Court St · Chickasaw, AL 36611

$130,000

2 bd · 1.0 ba · 1,296 sqft · SingleFamily public records · 192 Days on market

Built 2012 8,894 sqft lot $100/sqft · 12% below area Est $147k · 12% 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 +13.2/30.0
• ARV discount +12.7/15.0
• Appreciation +10.0/10.0
• Schools +5.0/10.0
• DSCR +3.9/10.0
• Livability +3.1/5.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Charming 4-bedroom, 1-bath cottage located in the heart of Chickasaw. This home offers approximately 1,290 square feet of living space and features a classic layout with a welcoming front porch and generous room sizes throughout. Inside, you’ll find HARDWOOD AND LVP FLOORS along with BEAUTIFUL FIREPLACE AND BUILT IN SHELVES that scream character and functionality. The kitchen includes Kitchen with sit in dining room. The four bedrooms are comfortably sized, and the floor plan provides flexibility for living, working, or entertaining. Laundry is in back of house. Conveniently located near CHICKASAW SCHOOLS, PARKS, COMMUNITY CENTER, I-65 access, shopping, downtown Mobile. This home offers easy commuting and the charm of an established neighborhood. Home is being sold as-is. Seller will make no repairs. CASH, CONVENTIONAL, FHA, VA OFFERS will be considered. Buyer and buyer’s agent to verify all measurements, information, and square footage.

Key facts

• 8,894 sq ft lot
• 2 parking spots
• Listed 192 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $-4 ($-42/yr) — negative.
• To cash-flow at today's rent, offer at most $129k (0.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $98k (24.6% below list).
• Recommended offer: $98k (24.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#237 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-, health & safety B; Watch: schools F, crime D-, amenities F.
• Market conditions: 45 active listings in the ZIP; 6 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).

Forward outlook

• In year one you build about $14k of equity ($899 loan paydown + $13k appreciation (10.0% 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 (10.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 192 days — a 12% lower offer ($114k) 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 $98,042 (24.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 192 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
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 F-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 D 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: 0.75% ✗
• Cap rate: 6.26%
• Cash-on-cash: -0.12%
• DSCR: 0.99
• GRM: 11.0

CMA / ARV

• ARV (median comp): $146,995
• List price: $130,000
• Delta: -11.56%
• 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
309 Court St	0.03mi	2/1.0	1,302 (+0%)	13mo	$118,000	$91	87
206 5th St	0.25mi	2/1.0	1,376 (+6%)	8mo	$53,500	$39	71
3 Canal St	0.33mi	3/1.0 (+1)	1,215 (-6%)	2mo	$104,000	$86	67
8 Ryan St	0.37mi	3/1.0 (+1)	1,250 (-4%)	7mo	$100,000	$80	66
6 Ryan St	0.36mi	3/1.0 (+1)	1,216 (-6%)	6mo	$65,000	$53	63
306 2nd St	0.41mi	3/1.5 (+1)	1,334 (+3%)	8mo	$150,000	$112	62
154 Chieftain Way	0.69mi	3/1.0 (+1)	1,286 (-1%)	1mo	$78,000	$61	61
316 1st St	0.42mi	3/1.0 (+1)	1,147 (-12%)	0mo	$97,899	$85	56
94 DIAMOND St	0.41mi	3/2.0 (+1)	1,215 (-6%)	12mo	$168,000	$138	52
302 1st St	0.36mi	3/1.5 (+1)	1,189 (-8%)	15mo	$169,900	$143	50
321 Grant St	0.42mi	2/1.0	1,117 (-14%)	10mo	$45,000	$40	48
96 Grant St	0.30mi	3/2.0 (+1)	1,456 (+12%)	13mo	$145,000	$100	46

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.2%
• Equity multiple: 2.94×
• Total profit: $70,518
• Equity at exit: $117,114

10-year hold

• IRR: 21.4%
• Equity multiple: 6.71×
• Total profit: $207,722
• Equity at exit: $252,561

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 36611

• Home prices YoY: 7.0%
• Active inventory: 45
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $980 high
• Mortgage (P&I): −$682
• Tax from tax record: −$42 /mo · $506/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$206
• Net cashflow: $-4

Break-even live

Break-even rent $985

Max offer price $129,377

Occupancy floor 95%

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 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3 Southern St Chickasaw, AL	3.0	1.0	1108	$795	$0.72	13d	1	0.24mi
101 Grant St Chickasaw, AL	3.0	1.0	1383	$895	$0.65	13d	1	0.32mi
311 Grant St Chickasaw, AL	2.0	1.0	1000	$850	$0.85	43d	1	0.41mi
55 Thompson Blvd Chickasaw, AL	3.0	1.0	939	$1,500	$1.60	21d	1	0.43mi
78 Lee St Chickasaw, AL	3.0	1.0	1412	$1,100	$0.78	43d	1	0.53mi
408 Rawls Ave Mobile, AL	2.0	1.0	1032	$1,100	$1.07	13d	1	1.28mi

Listing history 20 events

1. 2026-06-18
   days on market $130,000 Active 192 DOM
2. 2026-06-17
   days on market $130,000 Active 191 DOM
3. 2026-06-16
   days on market $130,000 Active 190 DOM
4. 2026-06-15
   days on market $130,000 Active 189 DOM
5. 2026-06-14
   days on market $130,000 Active 187 DOM
6. 2026-06-13
   days on market $130,000 Active 186 DOM
7. 2026-06-10
   days on market $130,000 Active 184 DOM
8. 2026-06-09
   days on market $130,000 Active 183 DOM
9. 2026-06-08
   days on market $130,000 Active 182 DOM
10. 2026-06-07
    days on market $130,000 Active 181 DOM
11. 2026-06-02
    days on market $130,000 Active 176 DOM
12. 2026-06-01
    days on market $130,000 Active 175 DOM
13. 2026-05-31
    days on market $130,000 Active 174 DOM
14. 2026-05-30
    days on market $130,000 Active 173 DOM
15. 2025-12-08
    listed $130,000 Active 971-char remark

    Show marketing remark (971 chars)

    Charming 4-bedroom, 1-bath cottage located in the heart of Chickasaw. This home offers approximately 1,290 square feet of living space and features a classic layout with a welcoming front porch and generous room sizes throughout. Inside, you’ll find HARDWOOD AND LVP FLOORS along with BEAUTIFUL FIREPLACE AND BUILT IN SHELVES that scream character and functionality. The kitchen includes Kitchen with sit in dining room. The four bedrooms are comfortably sized, and the floor plan provides flexibility for living, working, or entertaining. Laundry is in back of house. Conveniently located near CHICKASAW SCHOOLS, PARKS, COMMUNITY CENTER, I-65 access, shopping, downtown Mobile. This home offers easy commuting and the charm of an established neighborhood. Home is being sold as-is. Seller will make no repairs. CASH, CONVENTIONAL, FHA, VA OFFERS will be considered. Buyer and buyer’s agent to verify all measurements, information, and square footage.

16. 2025-12-04
    historical $130,000 971-char remark

    Show marketing remark (971 chars)

    Charming 4-bedroom, 1-bath cottage located in the heart of Chickasaw. This home offers approximately 1,290 square feet of living space and features a classic layout with a welcoming front porch and generous room sizes throughout. Inside, you’ll find HARDWOOD AND LVP FLOORS along with BEAUTIFUL FIREPLACE AND BUILT IN SHELVES that scream character and functionality. The kitchen includes Kitchen with sit in dining room. The four bedrooms are comfortably sized, and the floor plan provides flexibility for living, working, or entertaining. Laundry is in back of house. Conveniently located near CHICKASAW SCHOOLS, PARKS, COMMUNITY CENTER, I-65 access, shopping, downtown Mobile. This home offers easy commuting and the charm of an established neighborhood. Home is being sold as-is. Seller will make no repairs. CASH, CONVENTIONAL, FHA, VA OFFERS will be considered. Buyer and buyer’s agent to verify all measurements, information, and square footage.

17. 2025-02-15
    price $130,000
18. 2024-10-22
    price $159,900
19. 2022-06-02
    soldstatus $123,000
20. 2022-05-27
    soldstatus $123,000

ⓘ 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: $506 · $42/mo
• Projected year-2 tax: $533 · $44/mo
• Expected delta: +$27/yr (+$2/mo · 5.4%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,765
• − Mortgage interest: −$7,282
• − Property taxes: −$506
• − Insurance: −$650
• − Repairs & maintenance: −$941
• − Management: −$941
• − Depreciation: −$3,782
• Taxable loss: −$2,337
• Est. tax savings @ 24.0%: +$561
• After-tax cash flow: $519/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)

No district data.

Livability — Chickasaw

• Score: 61/100
• State rank: #237
• US rank: #17438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chickasaw, AL
• City population: 6,367
• Population (ZIP): 6,367

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 0.56)
• Race & ethnicity: Black 55% White 38% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Lithuanian 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▲ 12.90%
• Current HPI: 196.621
• 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

+5.7% since first listed

6 events — show timeline

• 2025-12-08 Listed $130,000 GCMLS AL
• 2025-12-04 Coming Soon $130,000 GCMLS AL
• 2025-02-15 Price Changed $130,000 GCMLS AL
• 2024-10-22 Price Changed $159,900 GCMLS AL
• 2022-06-02 Sold (Public Records) $123,000 Public Records
• 2022-05-27 Sold (MLS) $123,000 GCMLS AL

Property tax history

+0.6%/yr

Latest (2025): $506 · +12.5% YoY. Source: county tax records.