38 Flock Ave · Prichard, AL 36610

$50,000

2 bd · 1.0 ba · 849 sqft · SingleFamily public records · 27 Days on market

Built 1950 6,708 sqft lot

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.2/10.0
• 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

Excellent rental property or affordable home. Located just North of Downtown Mobile. It is a cozy, two bedroom and one bath home that has lots of natural light and is move in ready. Buyers can immediately move in or put the property up for rent. The kitchen has updated wood stained cabinetry and open shelving. A gas range and stainless steel vent hood comes with the property. Vinyl plank floors throughout. The bathroom has a claw foot tub. The back yard is spacious and has a back covered patio. Home has new windows and interior laundry hook ups! Call to see it today! Seller is a licensed agent in Alabama. Buyer to verify all information during due diligence.

Key facts

• Vinyl plank floors
• Open shelving
• Gas range

Tags

• UPDATED WOOD STAINED CABINETRY
• OPEN SHELVING
• GAS RANGE
• STAINLESS STEEL VENT HOOD
• VINYL PLANK FLOORS
• CLAW FOOT TUB

Property features AI

Finance

• HOA & community: No community features; No transfer fees

Exterior

• Parking: 2 parking spaces
• Utilities: Public water; Public sewer; Electric service by Alabama Power
• Home design: Single-family residence; One story
• Construction: Built with asbestos-containing materials; Pillar/post/pier foundation; Composition roof; Building area approximately 849 square feet
• Exterior features: Patio; Front porch; Less than 1 acre lot; Subdivision setting; No waterfront

Interior

• Kitchen: Gas range; Eat-in layout
• Bedrooms: Primary bedroom on the main level (approx. 10.5' x 12'); Second bedroom (length approx. 10.9')
• Bathrooms: One full bathroom; Primary bathroom with tub/shower combo
• Heating & cooling: Central gas cooling; Ceiling fan(s)
• Interior features: Eat-in kitchen; Ceiling fan(s); Additional room(s) (see remarks); No fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $238 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($839 rent vs $50k).
• Recommended offer: $49k (1.5% below list) — sets the bar for market timing.
• Cap rate 15.0% vs local median 11.4% 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: schools D-, crime F, amenities 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.
• Market conditions: 41 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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

• In year one you build about $532 of equity ($346 loan paydown + $186 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 $14k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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

• Watch-outs: flood insurance adds $125/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $49,250 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.68% ✓
• Cap rate: 15.01%
• Cash-on-cash: 31.12%
• DSCR: 2.38
• GRM: 5.0

CMA / ARV

• ARV (on-the-fly): $29,715
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
452 Glendale Pl	0.20mi	2/1.0	884 (+4%)	16mo	$18,000	$20	70
233 Sanders Rd	0.58mi	2/1.0	892 (+5%)	10mo	$31,000	$35	57
541 Chandler St	0.61mi	2/1.0	960 (+13%)	0mo	$52,000	$54	49
330 Max St	0.58mi	3/1.0 (+1)	920 (+8%)	8mo	$26,000	$28	48
16 Elm St W	0.51mi	2/2.0	936 (+10%)	10mo	$48,000	$51	47

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: 21.1%
• Equity multiple: 2.04×
• Total profit: $14,630
• Equity at exit: $15,456

10-year hold

• IRR: 24.9%
• Equity multiple: 3.86×
• Total profit: $40,067
• Equity at exit: $19,344

Cash invested: $14,000 (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 36610

• Home prices YoY: 0.9%
• Active inventory: 41
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $839 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$17 /mo · $199/yr
• Insurance: −$21
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$176
• Net cashflow: $238

Break-even live

Break-even rent $538

Max offer price $50,000

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
38 Flock Ave Mobile, AL	2.0	1.0	849	$795	$0.94	43d	1	0.02mi
519 Bay Bridge Rd Unit B Prichard, AL	2.0	1.0	1000	$925	$0.93	43d	1	0.31mi
408 Rawls Ave Mobile, AL	2.0	1.0	1032	$1,100	$1.07	13d	1	1.05mi

Listing history 26 events

1. 2026-06-18
   days on market $50,000 Active 27 DOM
2. 2026-06-17
   days on market $50,000 Active 26 DOM
3. 2026-06-16
   days on market $50,000 Active 25 DOM
4. 2026-06-15
   days on market $50,000 Active 24 DOM
5. 2026-06-14
   days on market $50,000 Active 22 DOM
6. 2026-06-13
   days on market $50,000 Active 21 DOM
7. 2026-06-10
   days on market $50,000 Active 19 DOM
8. 2026-06-09
   days on market $50,000 Active 18 DOM
9. 2026-06-08
   days on market $50,000 Active 17 DOM
10. 2026-06-07
    days on market $50,000 Active 16 DOM
11. 2026-06-05
    days on market $50,000 Active 13 DOM
12. 2026-06-03
    days on market $50,000 Active 12 DOM
13. 2026-06-02
    days on market $50,000 Active 11 DOM
14. 2026-06-01
    days on market $50,000 Active 10 DOM
15. 2026-05-31
    days on market $50,000 Active 9 DOM
16. 2026-05-30
    days on market $50,000 Active 8 DOM
17. 2026-05-22
    listed $50,000 Active 666-char remark

    Show marketing remark (666 chars)

    Excellent rental property or affordable home. Located just North of Downtown Mobile. It is a cozy, two bedroom and one bath home that has lots of natural light and is move in ready. Buyers can immediately move in or put the property up for rent. The kitchen has updated wood stained cabinetry and open shelving. A gas range and stainless steel vent hood comes with the property. Vinyl plank floors throughout. The bathroom has a claw foot tub. The back yard is spacious and has a back covered patio. Home has new windows and interior laundry hook ups! Call to see it today! Seller is a licensed agent in Alabama. Buyer to verify all information during due diligence.

18. 2026-05-22
    listed $50,000 Active

    Show marketing remark (666 chars)

    Excellent rental property or affordable home. Located just North of Downtown Mobile. It is a cozy, two bedroom and one bath home that has lots of natural light and is move in ready. Buyers can immediately move in or put the property up for rent. The kitchen has updated wood stained cabinetry and open shelving. A gas range and stainless steel vent hood comes with the property. Vinyl plank floors throughout. The bathroom has a claw foot tub. The back yard is spacious and has a back covered patio. Home has new windows and interior laundry hook ups! Call to see it today! Seller is a licensed agent in Alabama. Buyer to verify all information during due diligence.

19. 2026-05-21
    price $745
20. 2026-05-16
    listed $795
21. 2026-05-16
    historical $795
22. 2026-04-09
    price $795
23. 2026-04-05
    listed $845
24. 2024-11-27
    soldstatus $250,000
25. 2023-11-09
    soldstatus $109,500
26. 2021-04-19
    soldstatus $30,250

ⓘ 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: $199 · $17/mo
• Projected year-2 tax: $205 · $17/mo
• Expected delta: +$6/yr ($0/mo · 2.9%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone A · 21% 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: $10,067
• − Mortgage interest: −$2,801
• − Property taxes: −$199
• − Insurance: −$1,752
• − Repairs & maintenance: −$805
• − Management: −$805
• − Depreciation: −$1,455
• Taxable income: $2,249
• Est. tax owed @ 24.0%: −$540
• After-tax cash flow: $2,315/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

+65.3% since first listed

10 events — show timeline

• 2026-05-22 Listed $50,000 GCMLS AL
• 2026-05-22 Listed $50,000 BCAR
• 2026-05-21 Price Changed $745 GCMLSAL
• 2026-05-16 Listed for Rent $795 GCMLSAL
• 2026-05-16 Rental Removed $795 BUILDIUM
• 2026-04-09 Price Changed $795 BUILDIUM
• 2026-04-05 Listed for Rent $845 BUILDIUM
• 2024-11-27 Sold (Public Records) $250,000 Public Records
• 2023-11-09 Sold (Public Records) $109,500 Public Records
• 2021-04-19 Sold (Public Records) $30,250 Public Records

Property tax history

+1.9%/yr

Latest (2025): $199 · +6.6% YoY. Source: county tax records.