1583 Dover St · Mobile, AL 36618

$210,000

5 bd · 2.0 ba · 2,221 sqft · SingleFamily public records · 92 Days on market

Built 2012 0.35 ac lot $95/sqft · 11% below area Est $237k · 11% under

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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 +27.9/30.0
• ARV discount +12.6/15.0
• DSCR +9.9/10.0
• 1% rule +6.7/10.0
• 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 MLS

Welcome to this beautifully updated 5-bedroom, 2-bath brick home offering over 2,200 square feet of living space! This home features an open-concept layout connecting the living, dining, and kitchen areas—perfect for both everyday living and entertaining. The kitchen is a standout with granite countertops, custom white cabinetry, stainless steel appliances, a modern range hood, and a convenient breakfast bar. The split-bedroom floor plan provides added privacy, with a spacious primary suite featuring a private bath and large walk-in closet. Additional highlights include updated flooring, a generously sized laundry room with extra storage, and a versatile fifth bedroom or bonus room. Step outside to enjoy a large deck overlooking a fully fenced backyard with a privacy fence—ideal for gatherings, pets, or relaxing evenings. A storage shed adds even more convenience for tools, equipment, or extra storage needs. Conveniently located less than 10 minutes from I-65 and near shopping and dining, this home offers both comfort and accessibility. Schedule your showing today! Buyer/Buyers agent to verify all information deemed important. Listing Broker related to the seller.

Key facts

• Modern range hood
• Granite countertops
• Breakfast bar

Tags

• OPEN-CONCEPT LAYOUT
• GRANITE COUNTERTOPS
• CUSTOM WHITE CABINETRY
• STAINLESS STEEL APPLIANCES
• MODERN RANGE HOOD
• BREAKFAST BAR

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $648 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $210k).
• Recommended offer: $191k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.0% 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: schools D-, 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.
• Market conditions: 102 active listings in the ZIP; 3 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).
• At $2,457/mo this rent would consume 48% of the median local household income ($62k/yr) (locally 542% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 $59k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($191k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago 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

• 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 $191,100 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 9% 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: 1.17% ✓
• Cap rate: 10.00%
• Cash-on-cash: 13.23%
• DSCR: 1.59
• GRM: 7.1

CMA / ARV

• ARV (median comp): $237,066
• List price: $210,000
• Delta: -11.42%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5554 Racine Ave	0.18mi	5/2.0	2,100 (-5%)	11mo	$235,000	$112	74
1629 Carlisle Dr W	0.47mi	4/2.0 (-1)	2,196 (-1%)	6mo	$244,000	$111	66
1524 Carlisle Dr E	0.29mi	4/2.0 (-1)	2,238 (+1%)	20mo	$256,000	$114	63
1856 Colonial Oaks Dr	0.65mi	4/2.0 (-1)	2,240 (+1%)	4mo	$179,000	$80	60
1501 Carlisle Dr E	0.37mi	4/2.0 (-1)	2,247 (+1%)	20mo	$162,500	$72	59
1537 Deerwood Dr W	0.08mi	4/2.0 (-1)	1,933 (-13%)	14mo	$250,000	$129	58
1810 Colonial Oaks Dr	0.62mi	4/2.0 (-1)	2,124 (-4%)	9mo	$189,000	$89	52
5429 Colonial Oaks Dr	0.58mi	4/3.0 (-1)	2,010 (-10%)	17mo	$135,000	$67	34

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: 3.2%
• Equity multiple: 1.12×
• Total profit: $7,202
• Equity at exit: $31,312

10-year hold

• IRR: 12.7%
• Equity multiple: 2.01×
• Total profit: $59,195
• Equity at exit: $18,157

Cash invested: $58,800 (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: 102
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,457 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$104 /mo · $1,250/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$516
• Net cashflow: $648

Break-even live

Break-even rent $1,637

Max offer price $210,000

Occupancy floor 69%

Sensitivity live

Price	-10% $767	-5% $708	+0% $648	+5% $589	+10% $529
Rent	-10% $454	-5% $551	+0% $648	+5% $745	+10% $842
Rate	-1.0pp $754	-0.5pp $702	base $648	+0.5pp $594	+1.0pp $539

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6017 Mission Hills Ct Mobile, AL	4.0	3.0	2407	$1,950	$0.81	45d	1	0.62mi
5904 Saint Gallen Ave S Unit 1043743P Mobile, AL	4.0	2.0	1496	$3,719	$2.49	22d	1	0.92mi
912 Wendover Rd Unit 1043703P Mobile, AL	4.0	2.5	1496	$3,190	$2.13	22d	1	0.99mi

Listing history 24 events

1. 2026-06-21
   days on market $210,000 Active 92 DOM
2. 2026-06-18
   days on market $210,000 Active 89 DOM
3. 2026-06-17
   days on market $210,000 Active 88 DOM
4. 2026-06-16
   days on market $210,000 Active 87 DOM
5. 2026-06-15
   days on market $210,000 Active 86 DOM
6. 2026-06-14
   days on market $210,000 Active 84 DOM
7. 2026-06-13
   days on market $210,000 Active 83 DOM
8. 2026-06-10
   days on market $210,000 Active 81 DOM
9. 2026-06-09
   days on market $210,000 Active 80 DOM
10. 2026-06-08
    days on market $210,000 Active 79 DOM
11. 2026-06-07
    days on market $210,000 Active 78 DOM
12. 2026-06-05
    days on market $210,000 Active 75 DOM
13. 2026-06-03
    days on market $210,000 Active 74 DOM
14. 2026-06-02
    days on market $210,000 Active 73 DOM
15. 2026-06-01
    days on market $210,000 Active 72 DOM
16. 2026-05-31
    days on market $210,000 Active 71 DOM
17. 2026-05-30
    days on market $210,000 Active 70 DOM
18. 2026-04-20
    price $210,000 1194-char remark

    Show marketing remark (1194 chars)

    Welcome to this beautifully updated 5-bedroom, 2-bath brick home offering over 2,200 square feet of living space! This home features an open-concept layout connecting the living, dining, and kitchen areas—perfect for both everyday living and entertaining. The kitchen is a standout with granite countertops, custom white cabinetry, stainless steel appliances, a modern range hood, and a convenient breakfast bar. The split-bedroom floor plan provides added privacy, with a spacious primary suite featuring a private bath and large walk-in closet. Additional highlights include updated flooring, a generously sized laundry room with extra storage, and a versatile fifth bedroom or bonus room. Step outside to enjoy a large deck overlooking a fully fenced backyard with a privacy fence—ideal for gatherings, pets, or relaxing evenings. A storage shed adds even more convenience for tools, equipment, or extra storage needs. Conveniently located less than 10 minutes from I-65 and near shopping and dining, this home offers both comfort and accessibility. Schedule your showing today! Buyer/Buyers agent to verify all information deemed important. Listing Broker related to the seller.

19. 2026-03-21
    listed $220,000 Active 1194-char remark

    Show marketing remark (1194 chars)

    Welcome to this beautifully updated 5-bedroom, 2-bath brick home offering over 2,200 square feet of living space! This home features an open-concept layout connecting the living, dining, and kitchen areas—perfect for both everyday living and entertaining. The kitchen is a standout with granite countertops, custom white cabinetry, stainless steel appliances, a modern range hood, and a convenient breakfast bar. The split-bedroom floor plan provides added privacy, with a spacious primary suite featuring a private bath and large walk-in closet. Additional highlights include updated flooring, a generously sized laundry room with extra storage, and a versatile fifth bedroom or bonus room. Step outside to enjoy a large deck overlooking a fully fenced backyard with a privacy fence—ideal for gatherings, pets, or relaxing evenings. A storage shed adds even more convenience for tools, equipment, or extra storage needs. Conveniently located less than 10 minutes from I-65 and near shopping and dining, this home offers both comfort and accessibility. Schedule your showing today! Buyer/Buyers agent to verify all information deemed important. Listing Broker related to the seller.

20. 2022-10-13
    soldstatus $190,000
21. 2022-10-03
    soldstatus $190,000 Closed 944-char remark

    Show marketing remark (944 chars)

    Fantastic price on this UPDATED 5 bedroom 2 bath brick home! You enter the family room to an open concept living, dining and kitchen! Home features updated flooring, beautiful lighting, granite counters tops throughout, updated roof and appliances! Kitchen boasts white custom cabinetry, breakfast bar, all stainless appliances and a modern range hood! The split bedroom plan allows a very private oversized master with private bath and huge walk in closet! Down the hallway you find 3 well sized bedrooms with a hallway bath so convenient to them and for your guests! Just off the kitchen is the huge laundry room with storage space and the hallway to the fifth bedroom/ bonus room with great closet space! Just out the back is a beautiful deck perfect for entertaining and a fully fenced in backyard! You will love the privacy and the spacious yard! Home is close to shopping and has easy access to roadways! Schedule your appointment today!

22. 2022-09-03
    historical 944-char remark

    Show marketing remark (944 chars)

    Fantastic price on this UPDATED 5 bedroom 2 bath brick home! You enter the family room to an open concept living, dining and kitchen! Home features updated flooring, beautiful lighting, granite counters tops throughout, updated roof and appliances! Kitchen boasts white custom cabinetry, breakfast bar, all stainless appliances and a modern range hood! The split bedroom plan allows a very private oversized master with private bath and huge walk in closet! Down the hallway you find 3 well sized bedrooms with a hallway bath so convenient to them and for your guests! Just off the kitchen is the huge laundry room with storage space and the hallway to the fifth bedroom/ bonus room with great closet space! Just out the back is a beautiful deck perfect for entertaining and a fully fenced in backyard! You will love the privacy and the spacious yard! Home is close to shopping and has easy access to roadways! Schedule your appointment today!

23. 2022-08-31
    listed $188,500 Active 944-char remark

    Show marketing remark (944 chars)

    Fantastic price on this UPDATED 5 bedroom 2 bath brick home! You enter the family room to an open concept living, dining and kitchen! Home features updated flooring, beautiful lighting, granite counters tops throughout, updated roof and appliances! Kitchen boasts white custom cabinetry, breakfast bar, all stainless appliances and a modern range hood! The split bedroom plan allows a very private oversized master with private bath and huge walk in closet! Down the hallway you find 3 well sized bedrooms with a hallway bath so convenient to them and for your guests! Just off the kitchen is the huge laundry room with storage space and the hallway to the fifth bedroom/ bonus room with great closet space! Just out the back is a beautiful deck perfect for entertaining and a fully fenced in backyard! You will love the privacy and the spacious yard! Home is close to shopping and has easy access to roadways! Schedule your appointment today!

24. 2021-07-01
    soldstatus $168,650

ⓘ 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: $1,250 · $104/mo
• Projected year-2 tax: $1,250 · $104/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 2/10 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,487
• − Mortgage interest: −$11,763
• − Property taxes: −$1,250
• − Insurance: −$1,050
• − Repairs & maintenance: −$2,359
• − Management: −$2,359
• − Depreciation: −$6,109
• Taxable income: $4,597
• Est. tax owed @ 24.0%: −$1,103
• After-tax cash flow: $6,676/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

+24.5% since first listed

7 events — show timeline

• 2026-04-20 Price Changed $210,000 GCMLS AL
• 2026-03-21 Listed $220,000 GCMLS AL
• 2022-10-13 Sold (Public Records) $190,000 Public Records
• 2022-10-03 Sold (MLS) $190,000 GCMLS AL
• 2022-09-03 Delisted — GCMLS AL
• 2022-08-31 Listed $188,500 GCMLS AL
• 2021-07-01 Sold (Public Records) $168,650 Public Records

Property tax history

-0.5%/yr

Latest (2025): $1,250 · +2.2% YoY. Source: county tax records.