101 Marikesh Dr · Daphne, AL 36526

$199,900

3 bd · 2.5 ba · 2,132 sqft · SingleFamily public records · 17 Days on market

Built 1992 10,236 sqft lot Est $301k · 34% under $75/mo HOA · 4% of rent

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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 +20.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +5.7/10.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits in the heart of Daphne’s established Lake Forest community! Located at 101 Marikesh Drive, this 4-bedroom, 2.5-bath home offers 2,132 square feet, a two-story layout, and a 2-car garage, giving buyers plenty of space, flexibility, and potential in one of Daphne, Alabama’s most recognizable neighborhoods. Perched on a hill, this home features a shaded backyard with a charming picket fence, creating a private outdoor setting with room to relax, entertain, or enjoy the quiet surroundings. Inside, the property needs some updating, but that is exactly where the opportunity begins. With a few minor repairs and thoughtful improvements, the next owner may be able to add instant equity while customizing the home to fit their style. Lake Forest is one of Daphne’s most convenient and established subdivisions, known for its central location near schools, shopping, dining, medical services, golf, parks, and easy access to I-10 for commuting to Mobile, Spanish Fort, Fairhope, and the Eastern Shore. Residents enjoy the appeal of a mature neighborhood with rolling terrain, wooded streets, and close proximity to many of the lifestyle amenities that make Daphne one of Baldwin County’s most sought-after areas. This property is a VA foreclosure and is being sold as-is. It may also be subject to Alabama’s redemption laws, so buyers should verify all information important to them during their due diligence period. Whether you are searching for a primary residence, investment opportunity, or Daphne home with value-add potential, 101 Marikesh Dr in Lake Forest is a property worth considering. Schedule your showing today and explore the possibilities. May be subject to the Alabama One Year Right of Redemption.

Key facts

• Shaded backyard
• Picket fence
• Mature neighborhood

Tags

• SHADED BACKYARD
• PICKET FENCE
• PRIVATE OUTDOOR SETTING
• MATURE NEIGHBORHOOD
• ROLLING TERRAIN
• WOODED STREETS

Property features AI

Finance

• HOA & community: Monthly association fee (includes clubhouse and pool); Community features include outdoor pool and clubhouse; Transfer fees apply

Exterior

• Parking: Attached double garage (2 covered spaces)
• Utilities: Water and utilities: Daphne Utilities; Electric service: Baldwin EMC
• Home design: Two-story home; Resale property; Whole/Full ownership
• Construction: Concrete board exterior; Composition roof; Slab foundation; Built area recorded by assessor (approx. 2,132)
• Exterior features: Front porch; Community pool (association); Community clubhouse; Has a view; Lot is less than 1 acre; No waterfront

Interior

• Kitchen: Dishwasher; Electric range
• Bedrooms: Primary bedroom on the main level (approx. 20 x 16); Second bedroom (approx. 14 x 14); Third bedroom (approx. 14 x 12); Fourth bedroom (approx. 13 x 14)
• Flooring: Tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central electric cooling
• Interior features: Fireplace (1)

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $271 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $197k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 3.9% in Daphne — 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 (#18 in AL, #3,949 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A; Watch: amenities F, commute F.
• Baldwin County (rural): math 33% / reading 57% proficiency, ranked #18 of 129 in AL (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Daphne Elementary School (math 37% / reading 57%, grade D-, #142 of 627 statewide, top 25%, 693 students, 53% FRL); Daphne Middle School (math 25% / reading 62%, grade D, #45 of 257 statewide, top 18%, 846 students, 45% FRL); Daphne High School (math 41% / reading 40%, grade F, #33 of 305 statewide, top 11%, 1,725 students, 40% FRL).
• Market conditions: Rents rising (+1.7%/yr); 590 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,883 units permitted in Baldwin County in 2024 (481 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Baldwin County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago 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

• 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 $196,901 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 1.07% ✓
• Cap rate: 7.92%
• Cash-on-cash: 5.82%
• DSCR: 1.26
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $300,612
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
104 Woodside Dr	0.40mi	3/2.5	2,089 (-2%)	1mo	$314,900	$151	77
111 Windwood Cir	0.35mi	3/2.0	2,079 (-2%)	7mo	$275,000	$132	72
107 Ferncliff Cir	0.38mi	3/2.0	2,248 (+5%)	1mo	$350,000	$156	70
176 Rolling Hill Dr	0.49mi	3/2.5	2,205 (+3%)	3mo	$299,900	$136	69
101 Pagan Cir	0.16mi	3/2.0	1,828 (-14%)	1mo	$248,000	$136	66
109 Meadow Wood Dr	0.33mi	3/2.0	1,863 (-13%)	0mo	$262,000	$141	62
112 Meadow Wood Dr	0.28mi	2/2.5 (-1)	1,912 (-10%)	8mo	$268,000	$140	58
109 Havenwood Cir	0.37mi	3/2.0	2,443 (+15%)	2mo	$349,900	$143	55
619 Ridgewood Dr	0.74mi	4/2.5 (+1)	2,154 (+1%)	8mo	$345,000	$160	52
608 Ridgewood Dr	0.64mi	4/3.5 (+1)	2,253 (+6%)	5mo	$345,000	$153	48
599 Ridgewood Dr	0.54mi	3/2.0	1,818 (-15%)	2mo	$180,000	$99	46
128 Kingswood Dr	0.70mi	3/2.0	1,855 (-13%)	7mo	$155,000	$84	38

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 · 1.72% rent growth · sell at horizon

5-year hold

• IRR: -8.8%
• Equity multiple: 0.68×
• Total profit: $-17,778
• Equity at exit: $29,806

10-year hold

• IRR: -1.1%
• Equity multiple: 0.93×
• Total profit: $-3,890
• Equity at exit: $17,284

Cash invested: $55,972 (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 36526

• Home prices YoY: -21.3%
• Rents YoY: 1.7%
• Active inventory: 590
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,141 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$214 /mo · $2,562/yr
• Insurance: −$83
• HOA: −$75
• Vacancy / Maint / Mgmt: −$450
• Net cashflow: $271

Break-even live

Break-even rent $1,798

Max offer price $199,900

Occupancy floor 82%

Sensitivity live

Price	-10% $384	-5% $328	+0% $271	+5% $215	+10% $158
Rent	-10% $102	-5% $187	+0% $271	+5% $356	+10% $440
Rate	-1.0pp $372	-0.5pp $322	base $271	+0.5pp $220	+1.0pp $167

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
108 Cherry Cir Daphne, AL	4.0	2.0	1476	$2,200	$1.49	44d	1	0.49mi
662 Ridgewood Dr Daphne, AL	4.0	2.0	2548	$2,500	$0.98	14d	1	1.00mi
233 Ridgewood Dr Daphne, AL	3.0	2.0	1922	$1,750	$0.91	44d	1	1.21mi

HOA detail

• Monthly dues: $75 · $900/yr

Listing history 14 events

1. 2026-06-07
   statusdays on market $199,900 Pending 17 DOM
2. 2026-06-05
   days on market $199,900 Active 16 DOM
3. 2026-06-03
   days on market $199,900 Active 15 DOM
4. 2026-06-02
   days on market $199,900 Active 14 DOM
5. 2026-06-01
   days on market $199,900 Active 13 DOM
6. 2026-05-31
   days on market $199,900 Active 12 DOM
7. 2026-05-30
   days on market $199,900 Active 11 DOM
8. 2026-05-19
   listed $199,900 Active 1763-char remark

   Show marketing remark (1763 chars)

   Opportunity awaits in the heart of Daphne’s established Lake Forest community! Located at 101 Marikesh Drive, this 4-bedroom, 2.5-bath home offers 2,132 square feet, a two-story layout, and a 2-car garage, giving buyers plenty of space, flexibility, and potential in one of Daphne, Alabama’s most recognizable neighborhoods. Perched on a hill, this home features a shaded backyard with a charming picket fence, creating a private outdoor setting with room to relax, entertain, or enjoy the quiet surroundings. Inside, the property needs some updating, but that is exactly where the opportunity begins. With a few minor repairs and thoughtful improvements, the next owner may be able to add instant equity while customizing the home to fit their style. Lake Forest is one of Daphne’s most convenient and established subdivisions, known for its central location near schools, shopping, dining, medical services, golf, parks, and easy access to I-10 for commuting to Mobile, Spanish Fort, Fairhope, and the Eastern Shore. Residents enjoy the appeal of a mature neighborhood with rolling terrain, wooded streets, and close proximity to many of the lifestyle amenities that make Daphne one of Baldwin County’s most sought-after areas. This property is a VA foreclosure and is being sold as-is. It may also be subject to Alabama’s redemption laws, so buyers should verify all information important to them during their due diligence period. Whether you are searching for a primary residence, investment opportunity, or Daphne home with value-add potential, 101 Marikesh Dr in Lake Forest is a property worth considering. Schedule your showing today and explore the possibilities. May be subject to the Alabama One Year Right of Redemption.

9. 2026-05-19
   listed $199,900 Active

   Show marketing remark (1763 chars)

   Opportunity awaits in the heart of Daphne’s established Lake Forest community! Located at 101 Marikesh Drive, this 4-bedroom, 2.5-bath home offers 2,132 square feet, a two-story layout, and a 2-car garage, giving buyers plenty of space, flexibility, and potential in one of Daphne, Alabama’s most recognizable neighborhoods. Perched on a hill, this home features a shaded backyard with a charming picket fence, creating a private outdoor setting with room to relax, entertain, or enjoy the quiet surroundings. Inside, the property needs some updating, but that is exactly where the opportunity begins. With a few minor repairs and thoughtful improvements, the next owner may be able to add instant equity while customizing the home to fit their style. Lake Forest is one of Daphne’s most convenient and established subdivisions, known for its central location near schools, shopping, dining, medical services, golf, parks, and easy access to I-10 for commuting to Mobile, Spanish Fort, Fairhope, and the Eastern Shore. Residents enjoy the appeal of a mature neighborhood with rolling terrain, wooded streets, and close proximity to many of the lifestyle amenities that make Daphne one of Baldwin County’s most sought-after areas. This property is a VA foreclosure and is being sold as-is. It may also be subject to Alabama’s redemption laws, so buyers should verify all information important to them during their due diligence period. Whether you are searching for a primary residence, investment opportunity, or Daphne home with value-add potential, 101 Marikesh Dr in Lake Forest is a property worth considering. Schedule your showing today and explore the possibilities. May be subject to the Alabama One Year Right of Redemption.

10. 2018-04-27
    soldstatus $174,052
11. 2018-04-25
    soldstatus $169,900 491-char remark

    Show marketing remark (491 chars)

    WELCOME HOME!!! Wonderful Four Bedroom Newly Upgraded Daphne Home with BRAND NEW ROOF!! Home Features Open Floor Plan!! Brand New Flooring throughout Home! NEW Granite Counter top in kitchen with Great counter top and Cabinet Space! New Stainless Steal Appliances. Spacious Living Room with Wood Burning Fireplace! Master Suite Downstairs with HUGE Walk in Closet!! Master Bath with Double Granite Top Vanity. Spacious Three Bedrooms upstairs with great Closet Space! Home is Move in Ready!!

12. 2018-03-31
    listed $179,900 491-char remark

    Show marketing remark (491 chars)

    WELCOME HOME!!! Wonderful Four Bedroom Newly Upgraded Daphne Home with BRAND NEW ROOF!! Home Features Open Floor Plan!! Brand New Flooring throughout Home! NEW Granite Counter top in kitchen with Great counter top and Cabinet Space! New Stainless Steal Appliances. Spacious Living Room with Wood Burning Fireplace! Master Suite Downstairs with HUGE Walk in Closet!! Master Bath with Double Granite Top Vanity. Spacious Three Bedrooms upstairs with great Closet Space! Home is Move in Ready!!

13. 2018-02-02
    listed $169,900
14. 2017-08-12
    listed $174,500

ⓘ 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: $2,562 · $214/mo
• Projected year-2 tax: $2,562 · $214/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 ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,693
• − Mortgage interest: −$11,198
• − Property taxes: −$2,562
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,055
• − Management: −$2,055
• − HOA: −$900
• − Depreciation: −$5,815
• Taxable income: $107
• Est. tax owed @ 24.0%: −$26
• After-tax cash flow: $3,230/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: Baldwin County
• NCES district ID: 0100270
• Math proficiency: 33% ▼ -26.00%
• Reading proficiency: 57% ▲ 1.00%
• Median HH income: $50,677
• Composite: 38.61/100
• National rank: #4157
• State rank: #18 of 129 in AL

Livability — Daphne

• Score: 75/100
• State rank: #18
• US rank: #3949

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Daphne, AL
• County: Baldwin County · 181,514 people
• City population: 36,484
• Metro: Daphne-Fairhope-Foley, AL
• Population (ZIP): 36,484
• Household income: $88,750
• Rent vs Own: 26.4% rent · 73.6% own
• Severe rent burden: 535.0

Population outlook (Baldwin County) Hauer SSP2

• Today (2025): 248,264 people
• By 2030: 270,315 · +8.9%
• By 2040: 312,967 · +26.1%
• By 2050: 352,262 · +41.9%
• By 2075: 438,841 · +76.8%
• By 2100: 487,736 · +96.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 12% Two or more races 6% Hispanic / Latino 5% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Baldwin

• 2024 margin: Solid R (+58.2) · D 20.5% · R 78.7%
• 2008→2024 swing: -6.7pp toward R · 2008: -51.5pp · 2024: -58.2pp
• All cycles: 2024: R+58.2 2020: R+53.8 2016: R+57.8 2012: R+55.8 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -61.47%
• Current HPI: 227.2692
• Rent YoY: ▲ 1.72%
• Metro: Daphne-Fairhope-Foley, 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

+14.6% since first listed

7 events — show timeline

• 2026-05-19 Listed $199,900 GCMLS AL
• 2026-05-19 Listed $199,900 BCAR
• 2018-04-27 Sold (Public Records) $174,052 Public Records
• 2018-04-25 Sold (MLS) $169,900 BCAR
• 2018-03-31 Listed $179,900 BCAR
• 2018-02-02 Listed $169,900 BCAR
• 2017-08-12 Listed $174,500 BCAR

Property tax history

+12.6%/yr

Latest (2025): $2,562 · +20.8% YoY. Source: county tax records.