337 Riverbend Drive Dr #337 · Mobile, AL 36605

$97,500

1 bd · 1.0 ba · 650 sqft · SingleFamily · 34 Days on market

Built 1976 Good condition $150/sqft · 28% below area Est $136k · 28% under $276/mo HOA · 26% of rent

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Why this score? — see what drove the D 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).

• ARV discount +15.0/15.0
• Cash flow +7.4/30.0
• 1% rule +5.7/10.0
• Rent growth +4.6/5.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• DSCR +1.6/10.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable waterfront living!! River Landing Condo community is Mobile's best kept secret. Where else can you enjoy riverfront living with many amenities for less than $100k? Unit #337 has been updated with LVP flooring throughout, updated light fixtures and granite countertops in the kitchen. The refrigerator will remain with an acceptable offer. The vanity in the bathroom was also recently replaced. The best improvement of all is the addition of laundry in-unit. No lugging laundry to the shared laundry and paying per load. The washer and dryer are less than one year and will remain. You will love the size of the bedroom. It is oversized and could easily accommodate an additional seating area or office space. The living/dining area is very spacious and opens out to a balcony. This 3rd floor unit offers the most spectacular view of Dog River. Enjoy the sunsets on your balcony where you are rarely without a breeze. This community offers a large shared dock with a fish cleaning station for owners' use. If you have a boat, there is a boat slip and boat storage can be purchased, on a first come first serve basis. There is also kayak storage, so bring yours and explore all Dog River has to offer. If you aren't boating or fishing, you can kick back and relax at the large community pool. There is a clubhouse that can be reserved for private gatherings. The tennis has been renovated and is now a pickleball court. The gated entry provides privacy and peace of mind. The seller just paid the outstanding assessment which covered the new roofs at the facility. Don't miss your opportunity to call River Landing home! (Disclosures: Seller is a licensed Realtor© in the state of AL. Property was been used as an investment property, no seller's disclosure provided. Square footage and other information was pulled from public tax records, buyers to verify. HOA's are $275.67/month, which covers water, termite coverage, pest coverage, sewer, trash, exterior insurance, and grounds and pool maintenance.)"Seller is a licensed Realtor© in the state of AL." All measurements are approximate and not guaraneed, buyer to verify.

Key facts

• Shared dock
• Oversized bedroom
• In-unit laundry

Tags

• UPDATED LIGHT FIXTURES
• GRANITE COUNTERTOPS
• IN-UNIT LAUNDRY
• OVERSIZED BEDROOM
• SPACIOUS LIVING DINING AREA
• SHARED DOCK

🏷️ Possibly a rental listed for sale. The $97,500 price doesn't fit this home's estimated sale value (~$135,997) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $98k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-551 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $18k (81.7% below list).
• Meets the 1% rule at list price ($1k rent vs $98k).
• Recommended offer: $18k (81.7% below list) — sets the bar for cash-flow.

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: 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.
• Zoned schools: Dr Robert W Gilliard Elementary (math 8% / reading 23%, grade F, #503 of 627 statewide, top 80%, 780 students, 94% FRL); Pillans Middle School (math 2% / reading 17%, grade F, #233 of 257 statewide, top 91%, 537 students, 96% FRL); Ben C Rain High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 589 students, 90% FRL) — zoned schools average 93% FRL vs 67% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 9% at this address vs 27% district-wide (-18 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+8.3%/yr); 241 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 140d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 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 $674 of loan paydown is wiped out by about $3k 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 34 days — a 3% lower offer ($95k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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

• Watch-outs: flood insurance adds $427/mo; HOA is 26% of rent.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $17,822 (81.7% 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 34 days. Have you received any prior offers? Is the seller open to a 82% concession, seller financing, or rate buy-down credit?
3. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. 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.
11. 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.
12. 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: 4.77%
• Cash-on-cash: -5.45%
• DSCR: 0.76
• GRM: 7.8

CMA / ARV

• ARV (median comp): $135,997
• List price: $97,500
• Delta: -28.31%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
236 Riverbend Dr #236	0.00mi	1/1.0	650 (0%)	3mo	$104,000	$160	98
239 Riverbend Dr #239	0.08mi	1/1.0	650 (0%)	16mo	$84,900	$131	82
139 Riverbend Dr #139	0.19mi	1/1.0	650 (0%)	13mo	$70,000	$108	80
337 Riverbend Dr	0.00mi	1/1.0	650 (0%)	28mo	$81,500	$125	80
236 Riverbend Dr	0.06mi	1/1.0	650 (0%)	32mo	$85,000	$131	77
135 Riverbend Dr	0.19mi	1/1.0	650 (0%)	23mo	$99,900	$154	72
215 Riverbend Dr #215	0.03mi	1/1.0	711 (+9%)	35mo	$115,000	$162	63
314 Riverbend Dr #3	0.03mi	1/1.0	711 (+9%)	34mo	$138,000	$194	63
314 Riverbend Dr #314	0.03mi	1/1.0	711 (+9%)	34mo	$138,000	$194	63
2012 Magnolia Ln	0.85mi	2/1.0 (+1)	672 (+3%)	34mo	$126,000	$188	34
2405 Gill Rd	1.43mi	2/1.0 (+1)	760 (+17%)	4mo	$73,000	$96	32
2408 Riverside Dr	1.18mi	1/1.0	528 (-19%)	20mo	$65,000	$123	24

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -51.6%
• Equity multiple: -0.64×
• Total profit: $-44,898
• Equity at exit: $14,538

10-year hold

• IRR: -32.4%
• Equity multiple: -1.10×
• Total profit: $-57,297
• Equity at exit: $8,430

Cash invested: $27,300 (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 →

Active competition Active MLS

• For sale now: 1 active
• Median asking: $69,900 ($97/sqft)
• Median days on market: 142 d
• This list price: 100% of active listings are priced below it
• ARV vs active asking: +115.5% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 36605

• Rents YoY: 8.3%
• Active inventory: 241
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,045 medium
• Mortgage (P&I): −$511
• Tax est. 1.5%: −$122 /mo · $1,462/yr
• Insurance: −$41
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$276
• Vacancy / Maint / Mgmt: −$219
• Net cashflow: $-551

Break-even live

Break-even rent $1,742

Max offer price $17,822

Occupancy floor —

Sensitivity live

Price	-10% $-483	-5% $-517	+0% $-551	+5% $-584	+10% $-618
Rent	-10% $-633	-5% $-592	+0% $-551	+5% $-509	+10% $-468
Rate	-1.0pp $-502	-0.5pp $-526	base $-551	+0.5pp $-576	+1.0pp $-602

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: $24,375
• Closing costs: $2,925
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
337 Riverbend Dr Mobile, AL	1.0	1.0	650	$1,100	$1.69	6d	1	0.03mi
1601 Neshota Dr Apt 19 Mobile, AL	2.0	1.0	750	$800	$1.07	139d	1	1.27mi
2314 Gill Rd Mobile, AL	1.0	1.0	572	$675	$1.18	139d	1	1.37mi

Property features AI

Finance

• Other: Pets allowed
• HOA & community: Homeowners association with monthly feeMonthly association fee $276HOA includes trash, pest control, sewer and waterCommunity amenities: pool, clubhouse, trash service, insurance

Exterior

• Parking: Parking lot with one parking space
• Utilities: Public waterPublic sewer
• Home design: Residential single-family residenceThree storiesResidential attached
• Construction: Wood sidingMetal roofPillar/post/pier foundation
• Exterior features: Front and rear porchesFenced yardRiverfront on Dog RiverIn-ground fenced poolClubhouse and fishing in the community

Interior

• Kitchen: DishwasherElectric rangeRefrigerator
• Flooring: TileVinyl
• Bathrooms: One full bathroom
• Heating & cooling: Central electric heatingCeiling fan cooling
• Interior features: Ceiling fans throughoutUnfurnished
• Laundry & utility: WasherDryer

HOA detail $276/mo · $3,312/yr

• Likely covers: watersewertrashlandscapingpoolsecurity

Listing history 50 events

1. 2026-09-24
   days on market $97,500 Active 34 DOM
2. 2026-09-24
   days on market $97,500 Active 33 DOM
3. 2026-09-22
   days on market $97,500 Active 32 DOM
4. 2026-09-21
   days on market $97,500 Active 31 DOM
5. 2026-09-20
   days on market $97,500 Active 30 DOM
6. 2026-09-19
   days on market $97,500 Active 29 DOM
7. 2026-09-18
   days on market $97,500 Active 28 DOM
8. 2026-09-17
   days on market $97,500 Active 27 DOM
9. 2026-09-16
   days on market $97,500 Active 26 DOM
10. 2026-09-15
    days on market $97,500 Active 25 DOM
11. 2026-09-14
    days on market $97,500 Active 24 DOM
12. 2026-09-13
    days on market $97,500 Active 23 DOM
13. 2026-09-12
    days on market $97,500 Active 22 DOM
14. 2026-09-11
    pricedays on market $97,500 Active 21 DOM
15. 2026-09-05
    days on market $99,500 Active 15 DOM
16. 2026-09-04
    days on market $99,500 Active 14 DOM
17. 2026-09-03
    days on market $99,500 Active 13 DOM
18. 2026-08-31
    days on market $99,500 Active 10 DOM
19. 2026-08-30
    days on market $99,500 Active 9 DOM
20. 2026-08-29
    days on market $99,500 Active 8 DOM
21. 2026-08-28
    days on market $99,500 Active 7 DOM
22. 2026-08-27
    days on market $99,500 Active 6 DOM
23. 2026-08-26
    days on market $99,500 Active 5 DOM
24. 2026-08-25
    days on market $99,500 Active 4 DOM
25. 2026-08-24
    days on market $99,500 Active 3 DOM
26. 2026-08-23
    days on market $99,500 Active 2 DOM
27. 2026-08-21
    days on marketlisting id $99,500 Active 1 DOM

    Show marketing remark (2171 chars)

    Affordable waterfront living!! River Landing Condo community is Mobile's best kept secret. Where else can you enjoy riverfront living with many amenities for less than $100k? Unit #337 has been updated with LVP flooring throughout, updated light fixtures and granite countertops in the kitchen. The refrigerator will remain with an acceptable offer. The vanity in the bathroom was also recently replaced. The best improvement of all is the addition of laundry in-unit. No lugging laundry to the shared laundry and paying per load. The washer and dryer are less than one year and will remain. You will love the size of the bedroom. It is oversized and could easily accommodate an additional seating area or office space. The living/dining area is very spacious and opens out to a balcony. This 3rd floor unit offers the most spectacular view of Dog River. Enjoy the sunsets on your balcony where you are rarely without a breeze. This community offers a large shared dock with a fish cleaning station for owners' use. If you have a boat, there is a boat slip and boat storage can be purchased, on a first come first serve basis. There is also kayak storage, so bring yours and explore all Dog River has to offer. If you aren't boating or fishing, you can kick back and relax at the large community pool. There is a clubhouse that can be reserved for private gatherings. The tennis has been renovated and is now a pickleball court. The gated entry provides privacy and peace of mind. The seller just paid the outstanding assessment which covered the new roofs at the facility. Don't miss your opportunity to call River Landing home! (Disclosures: Seller is a licensed Realtor© in the state of AL. Property was been used as an investment property, no seller's disclosure provided. Square footage and other information was pulled from public tax records, buyers to verify. HOA's are $275.67/month, which covers water, termite coverage, pest coverage, sewer, trash, exterior insurance, and grounds and pool maintenance.)"Seller is a licensed Realtor© in the state of AL." All measurements are approximate and not guaraneed, buyer to verify.

28. 2026-07-18
    days on market $99,500 Active 53 DOM
29. 2026-07-16
    days on market $99,500 Active 51 DOM
30. 2026-07-16
    days on market $99,500 Active 50 DOM
31. 2026-07-14
    days on market $99,500 Active 49 DOM
32. 2026-07-13
    days on market $99,500 Active 48 DOM
33. 2026-07-12
    days on market $99,500 Active 47 DOM
34. 2026-07-11
    days on market $99,500 Active 46 DOM
35. 2026-07-10
    days on market $99,500 Active 45 DOM
36. 2026-07-09
    days on market $99,500 Active 44 DOM
37. 2026-07-08
    days on market $99,500 Active 43 DOM
38. 2026-07-07
    days on market $99,500 Active 42 DOM
39. 2026-07-06
    days on market $99,500 Active 41 DOM
40. 2026-07-05
    days on market $99,500 Active 40 DOM
41. 2026-07-04
    days on market $99,500 Active 39 DOM
42. 2026-07-03
    days on market $99,500 Active 38 DOM
43. 2026-07-02
    days on market $99,500 Active 37 DOM
44. 2026-07-01
    days on market $99,500 Active 36 DOM
45. 2026-06-30
    days on market $99,500 Active 35 DOM
46. 2026-06-29
    days on market $99,500 Active 34 DOM
47. 2026-06-28
    days on market $99,500 Active 33 DOM
48. 2026-06-28
    days on market $99,500 Active 32 DOM
49. 2026-06-27
    days on market $99,500 Active 31 DOM
50. 2026-06-25
    days on market $99,500 Active 29 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°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: $12,542
• − Mortgage interest: −$5,462
• − Property taxes: −$1,462
• − Insurance: −$5,606
• − Repairs & maintenance: −$1,003
• − Management: −$1,003
• − HOA: −$3,312
• − Depreciation: −$2,836
• Taxable loss: −$8,143
• Est. tax savings @ 24.0%: +$1,954
• After-tax cash flow: $-4,653/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.

Condition & rehab AI · 30 photos

Good 80/100 Cosmetic rehab Est. rehab $3,250–$9,750 screening

This waterfront townhouse is in good condition with recent updates and a great location. It's move-in ready and has the potential for further value improvements.

Value-add opportunities

• Both landscaping — enhances curb appeal and adds value ↑
• Both painting — fresh paint can make a big difference in appearance ↑
• Both upgrading light fixtures — newer fixtures can improve both appearance and energy efficiency ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 9/100

Zoned Schools

Elementary Dr Robert W Gilliard Elementary F AL #503/627 Nat'l #36,161/41,679 Middle Pillans Middle School F AL #233/257 Nat'l #13,478/14,009 High Ben C Rain High School F AL #291/305 Nat'l #17,145/17,239

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

B Composite livability gradescore 75/100

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
• County: Mobile County · 415,303 people
• City population: 205,729
• Metro: Mobile, AL
• Population (ZIP): 25,104
• Household income: $43,538
• Rent vs Own: 46.3% rent · 53.7% own
• Severe rent burden: 13% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (67%)
• Race & ethnicity: Black 67% White 27% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Lithuanian 3% Slovak 2% Iranian 1%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Spanish 2%

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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: ▼ -96.46%
• Current HPI: 125.9526
• Rent YoY: ▲ 8.26%
• Metro: Mobile, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

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Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Property features AI

Finance

• Other: Pets allowed
• HOA & community: Homeowners association with monthly feeMonthly association fee $276HOA includes trash, pest control, sewer and waterCommunity amenities: pool, clubhouse, trash service, insurance

Exterior

• Parking: Parking lot with one parking space
• Utilities: Public waterPublic sewer
• Home design: Residential single-family residenceThree storiesResidential attached
• Construction: Wood sidingMetal roofPillar/post/pier foundation
• Exterior features: Front and rear porchesFenced yardRiverfront on Dog RiverIn-ground fenced poolClubhouse and fishing in the community

Interior

• Kitchen: DishwasherElectric rangeRefrigerator
• Flooring: TileVinyl
• Bathrooms: One full bathroom
• Heating & cooling: Central electric heatingCeiling fan cooling
• Interior features: Ceiling fans throughoutUnfurnished
• Laundry & utility: WasherDryer

Price history

+0.0% since first listed

6 events — show timeline

• 2026-08-21 Listed $99,500 GCMLS AL
• 2026-08-21 Listed $99,500 BCAR
• 2026-07-20 Delisted — BCAR
• 2026-05-29 Relisted — BCAR
• 2026-05-22 Pending — BCAR
• 2026-05-19 Listed $99,500 BCAR