5759 Colonial Ln N · Mobile, AL 36618

$139,000

3 bd · 1.0 ba · 1,332 sqft · SingleFamily public records · 2 Days on market

Built 1950 0.44 ac lot $104/sqft · 17% below area Est $167k · 17% 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 +24.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +5.3/10.0
• 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

Welcome to this newly updated home situated on a spacious 0.44-acre corner lot in a quiet, established area of Mobile. Inside, you’ll find a bright, open layout with a natural flow between the living and kitchen spaces, creating an inviting feel from the moment you walk in. One of the standout features is the flexibility of the space. An additional room lined with windows can easily function as a third bedroom, home office, or a sunroom, depending on your needs. Outside, the property offers plenty of room to spread out with mature trees, two separate driveways, and a large yard that gives both space and privacy. This home is a great fit for a first-time buyer or someone looking to dow

Key facts

• Additional room
• Large yard
• Open layout

Tags

• CORNER LOT
• OPEN LAYOUT
• ADDITIONAL ROOM
• MATURE TREES
• TWO SEPARATE DRIVEWAYS
• LARGE YARD

Property features AI

Exterior

• Parking: Driveway with space for 4 vehicles
• Utilities: Cable available; Electricity available (110 volts); Public sewer; Water available
• Home design: Single family residence; Residential property
• Construction: Brick 4 sides construction; Built in 1950; Block foundation; Composition shingle roof
• Exterior features: Rear stairs; Chain link fencing; Corner lot; View

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric oven; Electric range; Range hood; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Open floorplan with a separate dining room; White cabinets; Solid surface and stone counters; No fireplace; No basement; Other interior features
• Laundry & utility: 220 volts in laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $276 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $139k).
• Cap rate 8.7% 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: 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: Orchard Elementary School (math 4% / reading 29%, grade F, #501 of 627 statewide, top 80%, 539 students, 84% FRL); Mattie T Blount High School (math 2% / reading 3%, grade F, #291 of 305 statewide, top 100%, 1,176 students, 86% FRL) — zoned schools average 85% FRL vs 67% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 10% 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: 99 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $961 of loan paydown is wiped out by about $4k 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $139,000

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.03% ✓
• Cap rate: 8.67%
• Cash-on-cash: 8.51%
• DSCR: 1.38
• GRM: 8.1

CMA / ARV

• ARV (median comp): $167,195
• List price: $139,000
• Delta: -16.86%
• 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
5759 Colonial Ln N	0.00mi	3/1.0	1,332 (0%)	0mo	$139,000	$104	100
1600 Decatur St	0.25mi	3/1.5	1,400 (+5%)	0mo	$83,000	$59	78
5512 Overlook Rd	0.41mi	3/2.0	1,404 (+5%)	1mo	$148,000	$105	67
5755 Colonial Ln N	0.20mi	3/1.0	1,152 (-14%)	2mo	$95,000	$82	66
5661 Renn St	0.39mi	3/1.0	1,443 (+8%)	7mo	$85,000	$59	62
5609 Diane Ct	0.55mi	3/1.0	1,413 (+6%)	6mo	$173,000	$122	60
5231 Colonial Cir	0.72mi	2/2.0 (-1)	1,350 (+1%)	4mo	$80,000	$59	52
1513 Carlisle Dr W	0.39mi	4/2.0 (+1)	1,450 (+9%)	10mo	$209,000	$144	50
1613 Princess Helen Rd W	0.46mi	3/2.0	1,143 (-14%)	3mo	$178,200	$156	48
5650 Diane Dr	0.51mi	3/1.0	1,134 (-15%)	8mo	$80,000	$71	45
1967 Highland Forest Dr	0.66mi	3/2.0	1,508 (+13%)	2mo	$174,200	$116	42
1613 Crestwood Dr	0.75mi	3/2.0	1,442 (+8%)	9mo	$203,000	$141	40

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: -3.4%
• Equity multiple: 0.87×
• Total profit: $-4,994
• Equity at exit: $20,725

10-year hold

• IRR: 6.2%
• Equity multiple: 1.47×
• Total profit: $18,108
• Equity at exit: $12,018

Cash invested: $38,920 (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 36618

• Home prices YoY: -22.8%
• Active inventory: 99
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,434 high
• Mortgage (P&I): −$729
• Tax from tax record: −$70 /mo · $845/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $276

Break-even live

Break-even rent $1,085

Max offer price $139,000

Occupancy floor 76%

Sensitivity live

Price	-10% $355	-5% $315	+0% $276	+5% $237	+10% $197
Rent	-10% $163	-5% $219	+0% $276	+5% $333	+10% $389
Rate	-1.0pp $346	-0.5pp $311	base $276	+0.5pp $240	+1.0pp $203

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5751 Overlook Rd Unit A2 Mobile, AL	2.0	1.0	890	$850	$0.96	21d	1	0.31mi
5520 Vienna Ave Mobile, AL	3.0	2.0	1745	$1,395	$0.80	44d	1	0.36mi
5613 Overlook Rd Mobile, AL	3.0	1.5	1520	$1,450	$0.95	44d	1	0.37mi
5508 Overlook Rd Mobile, AL	3.0	2.0	1260	$1,400	$1.11	14d	1	0.45mi
1631 Colonial Oaks Dr Mobile, AL	3.0	1.0	1196	$1,100	$0.92	44d	1	0.68mi
1728 Tew Dr Mobile, AL	2.0	1.0	912	$995	$1.09	44d	1	0.76mi
5904 Saint Gallen Ave S Unit 1043743P Mobile, AL	4.0	2.0	1496	$3,719	$2.49	21d	1	0.95mi
912 Wendover Rd Unit 1043703P Mobile, AL	4.0	2.5	1496	$3,190	$2.13	21d	1	1.04mi
5477 Ardell Dr Unit 1043691P Mobile, AL	3.0	2.0	1496	$2,680	$1.79	14d	1	1.05mi
1305 Middle Ring Rd Mobile, AL	3.0	1.0	1100	$1,400	$1.27	44d	1	1.10mi
5855 Woodvale Dr Mobile, AL	3.0	1.5	1712	$1,350	$0.79	21d	1	1.14mi
914 David Langan Dr E Mobile, AL	3.0	1.0	1080	$1,450	$1.34	44d	1	1.17mi
1104 Garland St Mobile, AL	3.0	1.0	1377	$1,450	$1.05	21d	1	1.30mi
1253 Athey Rd Mobile, AL	3.0	2.0	1100	$1,500	$1.36	14d	1	1.31mi
1165 Barker Dr W Mobile, AL	3.0	1.0	900	$950	$1.06	21d	1	1.35mi
1257 Devander Dr Mobile, AL	3.0	1.0	1144	$1,200	$1.05	44d	1	1.41mi

Listing history 3 events

1. 2026-05-03
   status Pending 834-char remark
2. 2026-04-30
   listed $139,000 Active 834-char remark
3. 2020-05-01
   soldstatus $95,000

ⓘ 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: $845 · $70/mo
• Projected year-2 tax: $845 · $70/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $17,212
• − Mortgage interest: −$7,786
• − Property taxes: −$845
• − Insurance: −$695
• − Repairs & maintenance: −$1,377
• − Management: −$1,377
• − Depreciation: −$4,044
• Taxable income: $1,089
• Est. tax owed @ 24.0%: −$261
• After-tax cash flow: $3,049/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
• County: Mobile County · 246,577 people
• City population: 205,729
• Metro: Mobile, AL
• Population (ZIP): 17,892
• Household income: $61,550
• Rent vs Own: 24.7% rent · 75.3% own
• Severe rent burden: 542.0

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 Black (65%)
• Race & ethnicity: Black 65% White 27% Two or more races 3% Asian 3% Hispanic / Latino 2%
• Common ancestry: Slovak 1% Serbian 1% Romanian 0%
• Foreign-born: 4% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Chinese 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: ▼ -64.54%
• Current HPI: 218.7133
• Rent YoY: —
• Metro: Mobile, 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

+46.3% since first listed

4 events — show timeline

• 2026-06-17 Sold (MLS) $139,000 GCMLS AL
• 2026-05-03 Pending — GCMLS AL
• 2026-04-30 Listed $139,000 GCMLS AL
• 2020-05-01 Sold (Public Records) $95,000 Public Records

Property tax history

+7.5%/yr

Latest (2025): $845 · +2.5% YoY. Source: county tax records.