1213 Oak Lane Cir W · Mobile, AL 36618

$110,000

2 bd · 1.0 ba · 1,311 sqft · SingleFamily public records · 3 Days on market

Built 1989 0.28 ac lot Est $212k · 48% under

---

Why this score? — see what drove the B 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 +29.1/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.3/10.0
• 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

This adorable cottage style 2 bedroom, 1 bath home off Moffett Road is the perfect place for any investor or first-time home buyer. Property features living room, dining room, spacious eat-in kitchen, with utility off the kitchen. Ideal for back yard gatherings with a large covered back deck and huge yard for entertaining. This property is a must see and will not last long! Priced to sell!

Key facts

• Huge yard
• Living room
• Cottage style

Tags

• COTTAGE STYLE
• LIVING ROOM
• DINING ROOM
• SPACIOUS EAT-IN KITCHEN
• COVERED BACK DECK
• HUGE YARD

Property features AI

Finance

• Other: Located in the Oak Lane subdivision; Address: 1213 Oak Lane Cir W, Mobile AL 36618

Exterior

• Parking: Detached carport; 2 carport spaces
• Utilities: Electricity available (110V and 220V); Natural gas available; Water available; Public sewer
• Home design: Single family residence; Residential property
• Construction: Brick on three sides; Shingle roof; Block and pillar/post/pier foundation
• Exterior features: Private yard; Back yard fencing; No pool; No spa; View

Interior

• Kitchen: Dishwasher; Gas range; Stained cabinets; Laminate countertops
• Bedrooms: 2 bedrooms
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other; Separate dining room; No basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $379 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Cap rate 10.4% 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: Forest Hill Elementary School (math 4% / reading 23%, grade F, #531 of 627 statewide, top 85%, 549 students, 93% 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 90% FRL vs 67% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 8% at this address vs 27% district-wide (-19 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; 11 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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 $761 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $110,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 1.23% ✓
• Cap rate: 10.42%
• Cash-on-cash: 14.75%
• DSCR: 1.66
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $212,382
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1200 Oak Lane Dr	0.10mi	3/1.0 (+1)	1,227 (-6%)	11mo	$121,000	$99	70
1557 Phillips Ln	0.70mi	3/2.0 (+1)	1,322 (+1%)	3mo	$210,000	$159	54
1561 Phillips Ln	0.70mi	3/2.0 (+1)	1,253 (-4%)	1mo	$210,000	$168	50
1215 Stevens Ln	0.47mi	3/1.0 (+1)	1,118 (-15%)	2mo	$70,000	$63	47
1553 Phillips Ln	0.62mi	3/2.0 (+1)	1,203 (-8%)	3mo	$213,500	$177	46
4305 Benson Dr	0.34mi	3/2.0 (+1)	1,455 (+11%)	14mo	$175,000	$120	45
1611 Sharon Dr	0.70mi	3/2.0 (+1)	1,264 (-4%)	12mo	$205,000	$162	42
1565 Phillips Ln	0.70mi	3/2.0 (+1)	1,249 (-5%)	10mo	$210,000	$168	42
1133 Forest Glen Dr	0.66mi	3/2.0 (+1)	1,468 (+12%)	1mo	$235,500	$160	39
4620 St Charles Ct	0.74mi	3/2.0 (+1)	1,414 (+8%)	11mo	$198,000	$140	35
1125 Forest Glen Dr S	0.68mi	3/2.0 (+1)	1,468 (+12%)	10mo	$240,500	$164	31
1178 Forest Glen Dr S	0.69mi	3/2.0 (+1)	1,453 (+11%)	12mo	$251,500	$173	31

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: 5.2%
• Equity multiple: 1.20×
• Total profit: $6,260
• Equity at exit: $16,401

10-year hold

• IRR: 14.7%
• Equity multiple: 2.18×
• Total profit: $36,395
• Equity at exit: $9,511

Cash invested: $30,800 (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: 6.8×

Monthly cashflow live

• Estimated rent: $1,348 high
• Mortgage (P&I): −$577
• Tax from tax record: −$64 /mo · $762/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $379

Break-even live

Break-even rent $869

Max offer price $110,000

Occupancy floor 67%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1404 Stevens Ln Mobile, AL	3.0	1.0	1052	$1,275	$1.21	43d	1	0.53mi
3764 Autumndale Dr Mobile, AL	3.0	1.0	1050	$1,350	$1.29	13d	1	0.60mi
1063 Midmoor Dr Mobile, AL	2.0	2.0	1695	$1,450	$0.86	43d	1	0.72mi
4410 The Cedars Ave Mobile, AL	2.0	1.0	1232	$1,500	$1.22	43d	1	1.07mi
4410 The Cedars Ave Mobile, AL	2.0	1.0	1232	$1,500	$1.22	13d	1	1.07mi
4355 Stein Ave Unit C Mobile, AL	2.0	1.5	1200	$1,500	$1.25	21d	1	1.11mi
3655 Old Shell Rd Unit 3655 Mobile, AL	2.0	2.0	1200	$1,850	$1.54	13d	1	1.27mi
2207 Wolf Ridge Rd Unit B Mobile, AL	2.0	1.0	1000	$1,100	$1.10	43d	1	1.41mi
1104 Garland St Mobile, AL	3.0	1.0	1377	$1,450	$1.05	21d	1	1.43mi
2209 Wolf Ridge Rd Unit B Mobile, AL	3.0	1.5	1175	$1,200	$1.02	43d	1	1.44mi
2211 Wolf Ridge Rd Unit B Mobile, AL	3.0	1.5	1050	$1,200	$1.14	43d	1	1.46mi

Listing history 3 events

1. 2026-06-14
   statusdays on market $110,000 Pending 3 DOM
2. 2026-06-13
   remarks 392-char remark
3. 2026-06-13
   listed $110,000 Active 2 DOM

ⓘ 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: $762 · $64/mo
• Projected year-2 tax: $762 · $64/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 ≥104°F today · 19 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: $16,173
• − Mortgage interest: −$6,162
• − Property taxes: −$762
• − Insurance: −$550
• − Repairs & maintenance: −$1,294
• − Management: −$1,294
• − Depreciation: −$3,200
• Taxable income: $2,912
• Est. tax owed @ 24.0%: −$699
• After-tax cash flow: $3,844/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

1 event — show timeline

• 2026-06-10 Listed $110,000 GCMLS AL

Property tax history

+1.6%/yr

Latest (2025): $762 · +6.0% YoY. Source: county tax records.