7676 Walter Tanner Rd · Semmes, AL 36587

$179,000

3 bd · 2.0 ba · 1,058 sqft · SingleFamily public records · 145 Days on market

Built 1993 0.61 ac lot $169/sqft · 7% above area Est $168k · 7% over

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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 +26.0/30.0
• DSCR +8.7/10.0
• 1% rule +5.6/10.0
• ARV discount +4.4/15.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

VRM pricing. Seller will entertain offers between 189,000–210,000 Charming 3-bedroom, 1.5-bath home nestled in the quiet community of Wilmer. Situated on a little over a half-acre lot on a dead-end road, this property offers privacy, space, and a peaceful setting. Plenty of room to enjoy the outdoors while still being conveniently located. A great opportunity for those seeking a calm country feel with room to spread out.

Key facts

• 0.61 acre lot
• Parking
• Built 1993

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $444 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 5.3% in Semmes — 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 60/100 on livability (#311 in AL) — a middle-class / working-renter tenant base. 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: 84 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $1k of loan paydown is wiped out by about $5k 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 145 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $137k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $157,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 145 days. Have you received any prior offers? Is the seller open to a 12% 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: 1.06% ✓
• Cap rate: 9.27%
• Cash-on-cash: 10.63%
• DSCR: 1.47
• GRM: 7.9

CMA / ARV

• ARV (median comp): $167,625
• List price: $179,000
• Delta: 6.79%
• Verdict: FAIR
• Comps: 7 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7640 Walter Tanner Rd	0.14mi	3/1.5	1,196 (+13%)	10mo	$165,500	$138	62
12830 Thomas Oaks Dr	0.12mi	3/2.0	1,200 (+13%)	19mo	$152,300	$127	56

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: -0.4%
• Equity multiple: 0.98×
• Total profit: $-816
• Equity at exit: $26,689

10-year hold

• IRR: 9.2%
• Equity multiple: 1.71×
• Total profit: $35,353
• Equity at exit: $15,477

Cash invested: $50,120 (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 36587

• Home prices YoY: -8.0%
• Active inventory: 84
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,895 medium
• Mortgage (P&I): −$939
• Tax from tax record: −$40 /mo · $478/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $444

Break-even live

Break-even rent $1,333

Max offer price $179,000

Occupancy floor 72%

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7358 School House Ln Wilmer, AL	3.0	2.0	1456	$1,895	$1.30	21d	1	0.43mi

Listing history 21 events

1. 2026-06-13
   statusdays on market $179,000 Pending 145 DOM
2. 2026-06-10
   days on market $179,000 Active 143 DOM
3. 2026-06-09
   days on market $179,000 Active 142 DOM
4. 2026-06-08
   days on market $179,000 Active 141 DOM
5. 2026-06-07
   days on market $179,000 Active 140 DOM
6. 2026-06-05
   days on market $179,000 Active 137 DOM
7. 2026-06-03
   days on market $179,000 Active 136 DOM
8. 2026-06-02
   days on market $179,000 Active 135 DOM
9. 2026-06-01
   days on market $179,000 Active 134 DOM
10. 2026-05-31
    days on market $179,000 Active 133 DOM
11. 2026-05-30
    days on market $179,000 Active 132 DOM
12. 2026-04-27
    status Active 434-char remark

    Show marketing remark (434 chars)

    VRM pricing. Seller will entertain offers between 189,000–210,000 Charming 3-bedroom, 1.5-bath home nestled in the quiet community of Wilmer. Situated on a little over a half-acre lot on a dead-end road, this property offers privacy, space, and a peaceful setting. Plenty of room to enjoy the outdoors while still being conveniently located. A great opportunity for those seeking a calm country feel with room to spread out.

13. 2026-04-16
    status Pending 434-char remark

    Show marketing remark (434 chars)

    VRM pricing. Seller will entertain offers between 189,000–210,000 Charming 3-bedroom, 1.5-bath home nestled in the quiet community of Wilmer. Situated on a little over a half-acre lot on a dead-end road, this property offers privacy, space, and a peaceful setting. Plenty of room to enjoy the outdoors while still being conveniently located. A great opportunity for those seeking a calm country feel with room to spread out.

14. 2026-04-01
    status Active 434-char remark

    Show marketing remark (434 chars)

    VRM pricing. Seller will entertain offers between 189,000–210,000 Charming 3-bedroom, 1.5-bath home nestled in the quiet community of Wilmer. Situated on a little over a half-acre lot on a dead-end road, this property offers privacy, space, and a peaceful setting. Plenty of room to enjoy the outdoors while still being conveniently located. A great opportunity for those seeking a calm country feel with room to spread out.

15. 2026-01-31
    historical Active Under Contract 434-char remark

    Show marketing remark (434 chars)

    VRM pricing. Seller will entertain offers between 189,000–210,000 Charming 3-bedroom, 1.5-bath home nestled in the quiet community of Wilmer. Situated on a little over a half-acre lot on a dead-end road, this property offers privacy, space, and a peaceful setting. Plenty of room to enjoy the outdoors while still being conveniently located. A great opportunity for those seeking a calm country feel with room to spread out.

16. 2026-01-07
    listed $189,210 Active 434-char remark

    Show marketing remark (434 chars)

    VRM pricing. Seller will entertain offers between 189,000–210,000 Charming 3-bedroom, 1.5-bath home nestled in the quiet community of Wilmer. Situated on a little over a half-acre lot on a dead-end road, this property offers privacy, space, and a peaceful setting. Plenty of room to enjoy the outdoors while still being conveniently located. A great opportunity for those seeking a calm country feel with room to spread out.

17. 2025-08-06
    listed $209,000 Active
18. 2025-04-03
    listed $209,000 Active
19. 2021-09-08
    soldstatus $137,000
20. 2021-09-07
    soldstatus $137,000
21. 2012-10-09
    soldstatus $77,105

ⓘ 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: $478 · $40/mo
• Projected year-2 tax: $734 · $61/mo
• Expected delta: +$256/yr (+$21/mo · 53.5%)

ⓘ 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 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,740
• − Mortgage interest: −$10,027
• − Property taxes: −$478
• − Insurance: −$895
• − Repairs & maintenance: −$1,819
• − Management: −$1,819
• − Depreciation: −$5,207
• Taxable income: $2,494
• Est. tax owed @ 24.0%: −$599
• After-tax cash flow: $4,728/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 — Semmes

• Score: 60/100
• State rank: #311
• US rank: #19360

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 12,039

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 White (93%)
• Race & ethnicity: White 93% Two or more races 3% Black 2% Hispanic / Latino 2%
• Common ancestry: Lithuanian 7% Slovak 2% Romanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

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: ▼ -24.70%
• Current HPI: 282.5522
• 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

+145.4% since first listed

10 events — show timeline

• 2026-04-27 Relisted — GCMLS AL
• 2026-04-16 Pending — GCMLS AL
• 2026-04-01 Relisted — GCMLS AL
• 2026-01-31 Contingent — GCMLS AL
• 2026-01-07 Listed $189,210 GCMLS AL
• 2025-08-06 Listed $209,000 BCAR
• 2025-04-03 Listed $209,000 BCAR
• 2021-09-08 Sold (Public Records) $137,000 Public Records
• 2021-09-07 Sold (MLS) $137,000 GCMLS AL
• 2012-10-09 Sold (Public Records) $77,105 Public Records

Property tax history

-2.0%/yr

Latest (2025): $478 · -0.6% YoY. Source: county tax records.