6558 Athey Ct · Mobile, AL 36608

$150,000

3 bd · 1.5 ba · 1,264 sqft · SingleFamily public records · 81 Days on market

Built 2010 0.38 ac lot Est $185k · 19% 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 +21.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +4.4/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Newly remodeled house for sale! Come check out this 4 bedroom, 1.5 bathroom house, featuring a cozy fire place, fresh paint, brand new flooring throughout and a brand new kitchen! Enjoy a super convenient neighborhood, only minutes away from The University of South Alabama, the Greater Gulf State Fair, Moffett Rd and Schillinger Rd! This house is vacant and easy to show. Call your favorite Realtor today. Buyer/Buyers agent to verify all information deemed important. A member of the Selling entity is a licensed real estate agent in The State of Alabama. FHA and VA Buyers welcome!

Key facts

• Quartz countertops
• Renovated home
• New kitchen

Tags

• RENOVATED HOME
• NEW ROOF
• NEW WINDOWS
• NEW KITCHEN
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $229 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $142k (5.6% below list).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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: 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 86% FRL vs 67% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 2% at this address vs 27% district-wide (-24 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 (+6.2%/yr); 338 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 47% 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 $1k 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.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y 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.
• Current owner paid $53k; list at $150k implies a 183% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 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. 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: 0.94% ✗
• Cap rate: 8.13%
• Cash-on-cash: 6.55%
• DSCR: 1.29
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $184,544
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6558 Athey Ct	0.00mi	3/1.5	1,264 (0%)	0mo	$157,000	$124	100
6759 Overlook Rd	0.31mi	4/2.0 (+1)	1,303 (+3%)	1mo	$206,500	$158	73
1350 Athey Rd	0.08mi	4/2.0 (+1)	1,162 (-8%)	8mo	$187,500	$161	69
6660 Devander Dr	0.23mi	4/1.0 (+1)	1,368 (+8%)	0mo	$72,500	$53	68
1356 Middle Ring Rd	0.33mi	3/2.0	1,195 (-6%)	9mo	$145,000	$121	66
6452 Tillery Dr	0.20mi	3/1.0	1,100 (-13%)	4mo	$147,000	$134	64
6656 Lorena Dr	0.48mi	3/2.0	1,121 (-11%)	1mo	$190,000	$169	56
1142 Athey Rd	0.39mi	3/2.0	1,404 (+11%)	7mo	$210,000	$150	56
1150 Athey Rd	0.37mi	3/2.0	1,404 (+11%)	8mo	$205,000	$146	55
1059 Greenway Dr W	0.68mi	3/2.0	1,332 (+5%)	4mo	$165,000	$124	54
6405 Waverly Dr N	0.69mi	3/1.5	1,107 (-12%)	2mo	$85,500	$77	45
6459 Waverly Dr N	0.67mi	3/2.0	1,119 (-12%)	5mo	$180,000	$161	44

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 · 6.15% rent growth · sell at horizon

5-year hold

• IRR: -3.2%
• Equity multiple: 0.88×
• Total profit: $-5,153
• Equity at exit: $22,365

10-year hold

• IRR: 9.4%
• Equity multiple: 1.82×
• Total profit: $34,295
• Equity at exit: $12,969

Cash invested: $42,000 (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 36608

• Rents YoY: 6.2%
• Active inventory: 338
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,416 high
• Mortgage (P&I): −$787
• Tax from tax record: −$41 /mo · $488/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $229

Break-even live

Break-even rent $1,126

Max offer price $150,000

Occupancy floor 79%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1253 Athey Rd Mobile, AL	3.0	2.0	1100	$1,500	$1.36	14d	1	0.16mi
1257 Devander Dr Mobile, AL	3.0	1.0	1144	$1,200	$1.05	44d	1	0.19mi
6807 Victor Rd Mobile, AL	3.0	1.0	1100	$1,350	$1.23	44d	1	0.31mi
1305 Middle Ring Rd Mobile, AL	3.0	1.0	1100	$1,400	$1.27	44d	1	0.31mi
1165 Barker Dr W Mobile, AL	3.0	1.0	900	$950	$1.06	21d	1	0.32mi
1255 Amelia Ave Mobile, AL	3.0	1.0	1000	$1,400	$1.40	44d	1	0.42mi
6725 Zeigler Blvd Mobile, AL	1.0–2.0	1.0	850	$1,282	$1.51	14d	7	0.70mi
1728 Tew Dr Mobile, AL	2.0	1.0	912	$995	$1.09	44d	1	0.72mi
1746 Cody Rd N Mobile, AL	3.0	2.0	1152	$1,200	$1.04	14d	1	0.88mi
5904 Saint Gallen Ave S Unit 1043743P Mobile, AL	4.0	2.0	1496	$3,719	$2.49	21d	1	1.02mi
5855 Woodvale Dr Mobile, AL	3.0	1.5	1712	$1,350	$0.79	21d	1	1.14mi
912 Wendover Rd Unit 1043703P Mobile, AL	4.0	2.5	1496	$3,190	$2.13	21d	1	1.25mi
5751 Overlook Rd Unit A2 Mobile, AL	2.0	1.0	890	$850	$0.96	21d	1	1.26mi
5613 Overlook Rd Mobile, AL	3.0	1.5	1520	$1,450	$0.95	44d	1	1.41mi
5520 Vienna Ave Mobile, AL	3.0	2.0	1745	$1,395	$0.80	44d	1	1.49mi

Listing history 17 events

1. 2026-04-23
   status Pending
2. 2026-04-23
   status Active
3. 2026-04-14
   historical
4. 2026-03-27
   status Active
5. 2026-03-19
   status Pending
6. 2026-03-04
   price $150,000
7. 2026-01-17
   status Active
8. 2025-12-10
   status Pending
9. 2025-12-09
   listed $155,000 Active
10. 2025-11-14
    soldstatus $53,000
11. 2025-01-31
    price $150,000
12. 2024-02-20
    soldstatus $130,000
13. 2024-02-16
    soldstatus $130,000 Closed 586-char remark

    Show marketing remark (586 chars)

    Newly remodeled house for sale! Come check out this 4 bedroom, 1.5 bathroom house, featuring a cozy fire place, fresh paint, brand new flooring throughout and a brand new kitchen! Enjoy a super convenient neighborhood, only minutes away from The University of South Alabama, the Greater Gulf State Fair, Moffett Rd and Schillinger Rd! This house is vacant and easy to show. Call your favorite Realtor today. Buyer/Buyers agent to verify all information deemed important. A member of the Selling entity is a licensed real estate agent in The State of Alabama. FHA and VA Buyers welcome!

14. 2023-12-11
    status Pending 586-char remark

    Show marketing remark (586 chars)

    Newly remodeled house for sale! Come check out this 4 bedroom, 1.5 bathroom house, featuring a cozy fire place, fresh paint, brand new flooring throughout and a brand new kitchen! Enjoy a super convenient neighborhood, only minutes away from The University of South Alabama, the Greater Gulf State Fair, Moffett Rd and Schillinger Rd! This house is vacant and easy to show. Call your favorite Realtor today. Buyer/Buyers agent to verify all information deemed important. A member of the Selling entity is a licensed real estate agent in The State of Alabama. FHA and VA Buyers welcome!

15. 2023-10-28
    historical Active Under Contract 586-char remark

    Show marketing remark (586 chars)

    Newly remodeled house for sale! Come check out this 4 bedroom, 1.5 bathroom house, featuring a cozy fire place, fresh paint, brand new flooring throughout and a brand new kitchen! Enjoy a super convenient neighborhood, only minutes away from The University of South Alabama, the Greater Gulf State Fair, Moffett Rd and Schillinger Rd! This house is vacant and easy to show. Call your favorite Realtor today. Buyer/Buyers agent to verify all information deemed important. A member of the Selling entity is a licensed real estate agent in The State of Alabama. FHA and VA Buyers welcome!

16. 2023-10-25
    listed $129,900 Active 586-char remark

    Show marketing remark (586 chars)

    Newly remodeled house for sale! Come check out this 4 bedroom, 1.5 bathroom house, featuring a cozy fire place, fresh paint, brand new flooring throughout and a brand new kitchen! Enjoy a super convenient neighborhood, only minutes away from The University of South Alabama, the Greater Gulf State Fair, Moffett Rd and Schillinger Rd! This house is vacant and easy to show. Call your favorite Realtor today. Buyer/Buyers agent to verify all information deemed important. A member of the Selling entity is a licensed real estate agent in The State of Alabama. FHA and VA Buyers welcome!

17. 2022-09-30
    soldstatus $2,040,000

ⓘ 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: $488 · $41/mo
• Projected year-2 tax: $615 · $51/mo
• Expected delta: +$127/yr (+$11/mo · 26.0%)

ⓘ 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 · 20 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: $16,996
• − Mortgage interest: −$8,402
• − Property taxes: −$488
• − Insurance: −$750
• − Repairs & maintenance: −$1,360
• − Management: −$1,360
• − Depreciation: −$4,364
• Taxable income: $273
• Est. tax owed @ 24.0%: −$65
• After-tax cash flow: $2,684/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): 38,890
• Household income: $61,146
• Rent vs Own: 45.8% rent · 54.2% own
• Severe rent burden: 1823.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 56% Black 35% Two or more races 4% Hispanic / Latino 4% Asian 2%
• Common ancestry: Lithuanian 3% Italian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 2% Arabic 1% Other Indo-European 1%

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: ▼ -224.52%
• Current HPI: 198.9469
• Rent YoY: ▲ 6.15%
• 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

-92.6% since first listed

17 events — show timeline

• 2026-04-23 Pending — GCMLS AL
• 2026-04-23 Relisted — GCMLS AL
• 2026-04-14 Delisted — GCMLS AL
• 2026-03-27 Relisted — GCMLS AL
• 2026-03-19 Pending — GCMLS AL
• 2026-03-04 Price Changed $150,000 GCMLS AL
• 2026-01-17 Relisted — GCMLS AL
• 2025-12-10 Pending — GCMLS AL
• 2025-12-09 Listed $155,000 GCMLS AL
• 2025-11-14 Sold (Public Records) $53,000 Public Records
• 2025-01-31 Price Changed $150,000 GCMLS AL
• 2024-02-20 Sold (Public Records) $130,000 Public Records
• 2024-02-16 Sold (MLS) $130,000 GCMLS AL
• 2023-12-11 Pending — GCMLS AL
• 2023-10-28 Contingent — GCMLS AL
• 2023-10-25 Listed $129,900 GCMLS AL
• 2022-09-30 Sold (Public Records) $2,040,000 Public Records

Property tax history

-1.8%/yr

Latest (2025): $488 · -41.4% YoY. Source: county tax records.