107 Martin · Mobile, AL 36607

$71,000

3 bd · 1.0 ba · 1,250 sqft · SingleFamily public records · 44 Days on market

Built 1980 8,006 sqft lot $57/sqft · 8% above area Est $66k · 8% over ↓ 25% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +3.9/15.0
• 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

Seller wants to make a deal! Call today! 3 bedroom 1 bathroom rented for $800.00 a month to a long term tenant who wishes to stay. Great little investment in Mobile AL! Can be delivered vacant.

Key facts

• 8,006 sq ft lot
• 3 parking spots
• Listed 44 days

Property features AI

Finance

• Financial info: Gross income: $9,600; Gross operating income: $9,600; Net operating income: $7,600; Total annual expenses: $2,000; Gross rent multiplier: 8; Unit 1 rent (actual/projected): $800

Exterior

• Parking: Driveway parking; Total of 3 parking spaces
• Home design: One-level residential income property; Single building
• Exterior features: No additional structures

Interior

• Bedrooms: Unit 1: 3 bedrooms
• Bathrooms: Unit 1: 1 bathroom
• Heating & cooling: Wall electric heat; Wall unit cooling
• Interior features: Ceiling fan; Wall unit cooling; Wall electric heat

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $71k.

Deal economics

• At list price, monthly cash flow is $657 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $71k).
• Recommended offer: $69k (3.0% below list) — sets the bar for market timing.
• Cap rate 17.4% 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: 45 active listings in the ZIP; 28 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

• Local home prices are declining (-3.0%/yr); year-one equity from $491 of loan paydown is wiped out by about $2k 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 $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($69k) 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 $68,870 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 1.94% ✓
• Cap rate: 17.39%
• Cash-on-cash: 39.64%
• DSCR: 2.76
• GRM: 4.3

CMA / ARV

• ARV (median comp): $65,678
• List price: $71,000
• Delta: 8.10%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
70 Picardy St	0.38mi	3/1.0	1,224 (-2%)	2mo	$140,000	$114	78
81 Lefevre St	0.20mi	4/1.0 (+1)	1,207 (-3%)	11mo	$85,000	$70	70
134 Hyland Ave	0.51mi	2/2.0 (-1)	1,272 (+2%)	2mo	$227,500	$179	63
2959 Nall St	0.58mi	3/2.0	1,294 (+4%)	1mo	$190,000	$147	62
2810 Pages Ln	0.44mi	3/2.0	1,212 (-3%)	11mo	$168,500	$139	61
3107 Heather St	0.43mi	3/1.0	1,064 (-15%)	7mo	$65,000	$61	49
413 Bay Shore Ave	0.56mi	4/2.0 (+1)	1,300 (+4%)	12mo	$183,000	$141	48
2753 Dauphin St	0.63mi	3/1.0	1,406 (+12%)	5mo	$137,000	$97	46
2647 Weems Dr	0.64mi	3/2.0	1,124 (-10%)	7mo	$175,000	$156	43
2710 Betbeze St	0.68mi	3/2.0	1,100 (-12%)	3mo	$110,000	$100	42
292 Siena Vis	0.66mi	3/2.0	1,416 (+13%)	10mo	$169,000	$119	35
2666 Betbeze St	0.74mi	4/2.0 (+1)	1,429 (+14%)	5mo	$19,900	$14	28

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: 35.9%
• Equity multiple: 2.52×
• Total profit: $30,303
• Equity at exit: $10,586

10-year hold

• IRR: 42.6%
• Equity multiple: 5.03×
• Total profit: $80,183
• Equity at exit: $6,139

Cash invested: $19,880 (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 36607

• Active inventory: 45
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,380 high
• Mortgage (P&I): −$372
• Tax from tax record: −$32 /mo · $380/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $657

Break-even live

Break-even rent $549

Max offer price $71,000

Occupancy floor 47%

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: $17,750
• Closing costs: $2,130
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
156 Hemley Ave Mobile, AL	3.0	1.0	936	$1,195	$1.28	43d	1	0.13mi
2500 Dauphinwood Dr Mobile, AL	2.0–3.0	1.0–2.0	1250	$1,395	$1.12	13d	19	0.64mi
2604 Dauphin St #210 Mobile, AL	2.0	1.0	950	$1,150	$1.21	20d	1	0.73mi
2604 Dauphin St Mobile, AL	2.0	1.0	950	$1,072	$1.13	43d	2	0.73mi
150 Dunn Ave Mobile, AL	3.0	2.0	1455	$1,250	$0.86	20d	1	0.90mi
107 Grand Blvd Mobile, AL	2.0	2.0	1200	$1,295	$1.08	20d	1	0.92mi
3060 Emogene St Mobile, AL	3.0	1.0	1200	$1,400	$1.17	13d	1	0.94mi
3655 Old Shell Rd Unit 3655 Mobile, AL	2.0	2.0	1200	$1,850	$1.54	13d	1	0.96mi
151 Du Rhu Dr Mobile, AL	1.0–3.0	1.0–2.0	1052	$2,800	$2.66	13d	12	0.97mi
168 W Collins St Mobile, AL	3.0	1.0	968	$725	$0.75	20d	1	1.01mi
3252 Orleans St Mobile, AL	2.0	1.0	900	$850	$0.94	43d	1	1.03mi
120 Paris Ave Mobile, AL	2.0	1.0	1054	$1,150	$1.09	20d	1	1.03mi
2863 Potter Dr Unit 1043693P Mobile, AL	4.0	2.0	1496	$3,049	$2.04	13d	1	1.04mi
2861 Potter Dr Unit 1043844P Mobile, AL	3.0	2.0	1496	$2,492	$1.67	20d	1	1.04mi
2855 Potter Dr Mobile, AL	2.0	1.0	1127	$1,050	$0.93	43d	1	1.04mi
672 Burden St Mobile, AL	3.0	1.5	1421	$1,300	$0.91	20d	1	1.07mi
2861 Ralston Rd Mobile, AL	3.0	2.0	1617	$1,650	$1.02	43d	1	1.10mi
708 Bond St Mobile, AL	3.0	1.0	1100	$1,350	$1.23	20d	1	1.14mi
200 S Florida St Unit 101 Mobile, AL	2.0	2.0	1150	$1,375	$1.20	20d	1	1.20mi
423 Devon Dr Mobile, AL	3.0	1.0	1220	$950	$0.78	43d	1	1.21mi
2859 Brierwood Dr Mobile, AL	3.0	1.0	1057	$1,500	$1.42	13d	1	1.24mi
2507 Taylor Ave Mobile, AL	3.0	1.0	1230	$1,495	$1.22	13d	1	1.24mi
104 Ellinor St Mobile, AL	2.0	1.0	896	$1,275	$1.42	20d	1	1.28mi
2503 Richard Ave Mobile, AL	2.0	1.0	928	$805	$0.87	13d	1	1.29mi
2656 Pathway Pl Mobile, AL	2.0–3.0	1.0	778	$1,261	$1.62	13d	9	1.32mi
186 Stanton Rd Mobile, AL	1.0–3.0	1.0–2.5	1263	$2,450	$1.94	43d	1	1.38mi
402 Havens St Mobile, AL	4.0	2.0	960	$1,350	$1.41	13d	1	1.41mi
315 Hadrian St Mobile, AL	3.0	2.0	1843	$1,800	$0.98	43d	1	1.42mi

Listing history 19 events

1. 2026-06-18
   days on market $71,000 Active 44 DOM
2. 2026-06-17
   days on market $71,000 Active 43 DOM
3. 2026-06-16
   days on market $71,000 Active 42 DOM
4. 2026-06-15
   days on market $71,000 Active 41 DOM
5. 2026-06-14
   days on market $71,000 Active 39 DOM
6. 2026-06-13
   remarks 193-char remark
7. 2026-06-13
   pricedays on market $71,000 Active 38 DOM
8. 2026-06-10
   days on market $79,577 Active 36 DOM
9. 2026-06-09
   days on market $79,577 Active 35 DOM
10. 2026-06-08
    days on market $79,577 Active 34 DOM
11. 2026-06-07
    days on market $79,577 Active 33 DOM
12. 2026-06-05
    days on market $79,577 Active 30 DOM
13. 2026-06-03
    days on market $79,577 Active 29 DOM
14. 2026-06-02
    days on market $79,577 Active 28 DOM
15. 2026-06-01
    days on market $79,577 Active 27 DOM
16. 2026-05-31
    days on market $79,577 Active 26 DOM
17. 2026-05-30
    days on market $79,577 Active 25 DOM
18. 2026-05-05
    listed $79,577 Active 152-char remark
19. 2020-02-27
    soldstatus $94,500

ⓘ 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: $380 · $32/mo
• Projected year-2 tax: $380 · $32/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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,560
• − Mortgage interest: −$3,977
• − Property taxes: −$380
• − Insurance: −$355
• − Repairs & maintenance: −$1,325
• − Management: −$1,325
• − Depreciation: −$2,065
• Taxable income: $7,133
• Est. tax owed @ 24.0%: −$1,712
• After-tax cash flow: $6,168/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
• City population: 205,729
• Population (ZIP): 5,529

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 40% Two or more races 3%
• Common ancestry: Slovak 4% Lithuanian 2% Scotch-Irish 1%
• Foreign-born: 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: ▼ -155.04%
• Current HPI: 127.0483
• 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

-24.9% since first listed

3 events — show timeline

• 2026-06-10 Price Changed $71,000 TheMLS
• 2026-05-05 Listed $79,577 TheMLS
• 2020-02-27 Sold (Public Records) $94,500 Public Records

Property tax history

+1.3%/yr

Latest (2025): $380 · +14.1% YoY. Source: county tax records.