413 Turner Rd W · Prichard, AL 36610

$15,000

3 bd · 2.0 ba · 1,360 sqft · SingleFamily public records · 66 Days on market

Built 1989 6,255 sqft lot $11/sqft · 63% below area

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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).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +5.2/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

INVESTOR SPECIAL!! The home, which was burned, could be renovated with the right vision. This could be a great opportunity for someone looking for a low-cost initial investment. Use caution when entering the property. Public utilities are available.

Key facts

• 6,255 sq ft lot
• Listed 66 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $715 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $15k).
• Recommended offer: $14k (6.0% below list) — sets the bar for market timing.
• Cap rate 63.5% vs local median 11.0% in Prichard — 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 54/100 on livability (#472 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: crime F, amenities F, commute 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.
• Zoned schools: Grant Elementary School (math 8% / reading 22%, grade F, #508 of 627 statewide, top 84%, 236 students, 98% FRL); Mobile County Training Middle School (math 2% / reading 22%, grade F, #221 of 257 statewide, top 87%, 205 students, 97% FRL); Cf Vigor High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 547 students, 86% FRL) — zoned schools average 94% FRL vs 67% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 10% at this address vs 27% district-wide (-17 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: 41 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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

• In year one you build about $160 of equity ($104 loan paydown + $56 appreciation (0.4% local appreciation)).
• Mobile County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (0.4% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($14k) 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 $14,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% 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. 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?
7. 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.
8. 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.
9. 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: 7.01% ✓
• Cap rate: 63.46%
• Cash-on-cash: 204.16%
• DSCR: 10.08
• GRM: 1.2

CMA / ARV

• ARV (median comp): $40,707
• List price: $15,000
• Delta: -63.15%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
643 Gehrig Ave	0.06mi	3/2.0	1,308 (-4%)	4mo	$76,000	$58	88
614 Gehrig Ave	0.12mi	3/2.0	1,263 (-7%)	5mo	$42,400	$34	78
609 Gehrig Ave	0.13mi	3/2.0	1,458 (+7%)	11mo	$59,000	$40	73
513 Petain St W	0.08mi	2/1.0 (-1)	1,488 (+9%)	9mo	$59,000	$40	65
135 Petain St E	0.42mi	3/1.5	1,500 (+10%)	2mo	$25,000	$17	59
215 Book Ave	0.40mi	4/2.0 (+1)	1,444 (+6%)	13mo	$40,000	$28	55
228 Birmingham St	0.69mi	2/1.0 (-1)	1,327 (-2%)	1mo	$25,000	$19	54
154 Chieftain Way	0.70mi	3/1.0	1,286 (-5%)	1mo	$78,000	$61	54
101 Diaz St	0.37mi	2/2.0 (-1)	1,172 (-14%)	2mo	$40,900	$35	52
1603 Ace St	0.59mi	4/2.0 (+1)	1,175 (-14%)	12mo	$40,000	$34	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.37% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 11.80×
• Total profit: $45,359
• Equity at exit: $4,637

10-year hold

• IRR: —
• Equity multiple: 24.92×
• Total profit: $100,466
• Equity at exit: $5,803

Cash invested: $4,200 (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 36610

• Home prices YoY: 0.9%
• Active inventory: 41
• Price-to-rent: 1.2×

Monthly cashflow live

• Estimated rent: $1,051 high
• Mortgage (P&I): −$79
• Tax from tax record: −$31 /mo · $369/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$221
• Net cashflow: $715

Break-even live

Break-even rent $146

Max offer price $15,000

Occupancy floor 27%

Sensitivity live

Price	-10% $723	-5% $719	+0% $715	+5% $710	+10% $706
Rent	-10% $632	-5% $673	+0% $715	+5% $756	+10% $798
Rate	-1.0pp $722	-0.5pp $718	base $715	+0.5pp $711	+1.0pp $707

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
408 Rawls Ave Mobile, AL	2.0	1.0	1032	$1,100	$1.07	15d	1	0.27mi
55 Thompson Blvd Chickasaw, AL	3.0	1.0	939	$1,500	$1.60	22d	1	1.11mi
101 Grant St Chickasaw, AL	3.0	1.0	1383	$895	$0.65	15d	1	1.16mi
519 Bay Bridge Rd Unit B Prichard, AL	2.0	1.0	1000	$925	$0.93	45d	1	1.21mi
3 Southern St Chickasaw, AL	3.0	1.0	1108	$795	$0.72	15d	1	1.24mi
78 Lee St Chickasaw, AL	3.0	1.0	1412	$1,100	$0.78	45d	1	1.31mi
100 Dairy Rd Mobile, AL	2.0–3.0	2.0	999	$1,100	$1.10	15d	1	1.37mi
311 Grant St Chickasaw, AL	2.0	1.0	1000	$850	$0.85	45d	1	1.44mi

Listing history 12 events

1. 2026-06-19
   days on market $15,000 Active 66 DOM
2. 2026-06-10
   days on market $15,000 Active 64 DOM
3. 2026-06-09
   days on market $15,000 Active 63 DOM
4. 2026-06-08
   days on market $15,000 Active 62 DOM
5. 2026-06-07
   days on market $15,000 Active 61 DOM
6. 2026-06-05
   days on market $15,000 Active 58 DOM
7. 2026-06-03
   days on market $15,000 Active 57 DOM
8. 2026-06-02
   days on market $15,000 Active 56 DOM
9. 2026-06-01
   days on market $15,000 Active 55 DOM
10. 2026-05-31
    days on market $15,000 Active 54 DOM
11. 2026-05-30
    days on market $15,000 Active 53 DOM
12. 2026-04-07
    listed $15,000 Active 256-char remark

    Show marketing remark (256 chars)

    INVESTOR SPECIAL!! The home, which was burned, could be renovated with the right vision. This could be a great opportunity for someone looking for a low-cost initial investment. Use caution when entering the property. Public utilities are available.

ⓘ 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: $369 · $31/mo
• Projected year-2 tax: $369 · $31/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 1/10 Low
• 🌡 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: $12,611
• − Mortgage interest: −$840
• − Property taxes: −$369
• − Insurance: −$75
• − Repairs & maintenance: −$1,009
• − Management: −$1,009
• − Depreciation: −$436
• Taxable income: $8,873
• Est. tax owed @ 24.0%: −$2,129
• After-tax cash flow: $6,445/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 — Prichard

• Score: 54/100
• State rank: #472
• US rank: #24080

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prichard, AL
• City population: 13,402
• Population (ZIP): 9,692

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 (97%)
• Race & ethnicity: Black 97% Hispanic / Latino 1% White 1%
• Foreign-born: 0%

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: ▲ 0.37%
• Current HPI: 42.6203
• 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

1 event — show timeline

• 2026-04-07 Listed $15,000 GCMLS AL

Property tax history

-3.3%/yr

Latest (2025): $369 · +2.7% YoY. Source: county tax records.