3213 Graham Rd N · Mobile, AL 36618

$194,900

3 bd · 2.0 ba · 1,719 sqft · SingleFamily public records · 133 Days on market

Built 1979 0.44 ac lot $113/sqft · 18% below area Est $238k · 18% under

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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 +15.5/30.0
• ARV discount +15.0/15.0
• DSCR +4.8/10.0
• Livability +3.8/5.0
• 1% rule +3.3/10.0
• 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 home to this 3-bedroom, 2 bath property conveniently located off Moffett Road! Step inside to enjoy a warm and inviting family room with a fireplace, plus the everyday convenience of a dedicated laundry room and mudroom perfect for keeping life organized. The flexible floorplan includes now an office with a charming window seat that can easily be converted back into a formal dining room to fit your needs. Come outside to a large backyard with plenty of space to relax, play, or entertain. Seller is offering a $2,000 concession to be applied toward carpet replacement and interior painting with an acceptable offer. Kitchen appliances to include: refrigerator, stove/range, dishwasher, and microwave to covey with sale at no additional value. Buyer and buyer's agent to verify all measurements and all pertinent details. Schedule your showing today!

Key facts

• Kitchen appliances
• Large backyard
• Mudroom

Tags

• DEDICATED LAUNDRY ROOM
• MUDROOM
• FLEXIBLE FLOORPLAN
• LARGE BACKYARD
• KITCHEN APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $77 ($923/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 $162k (16.9% below list).
• Recommended offer: $162k (16.9% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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: 99 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% 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).
• This rent runs 32% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $80k; list at $195k implies a 142% 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; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $161,900 (16.9% below list)

Questions for the listing agent

1. It's been on market 133 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.83% ✗
• Cap rate: 6.77%
• Cash-on-cash: 1.69%
• DSCR: 1.08
• GRM: 10.0

CMA / ARV

• ARV (median comp): $237,874
• List price: $194,900
• Delta: -18.07%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3213 Graham Rd N	0.00mi	3/2.0	1,719 (0%)	1mo	$198,510	$115	99
3252 Meadow Ln	0.09mi	3/2.0	1,860 (+8%)	1mo	$240,000	$129	82
3080 Pinetucky Rd N	0.20mi	3/2.0	1,597 (-7%)	2mo	$203,000	$127	78
3170 Lacoste Rd	0.33mi	3/2.0	1,682 (-2%)	9mo	$192,000	$114	74
3050 Meadow Ln	0.22mi	3/2.0	1,910 (+11%)	0mo	$270,000	$141	71
3200 Brackett Dr	0.38mi	3/2.5	1,800 (+5%)	8mo	$114,000	$63	65
3100 Lacoste Rd	0.34mi	3/2.0	1,530 (-11%)	3mo	$204,600	$134	63
7141 Green View Dr	0.55mi	3/2.0	1,848 (+8%)	5mo	$255,900	$138	58
3621 Seleste Dr	0.69mi	3/2.0	1,642 (-4%)	5mo	$185,000	$113	56
2931 Pinetucky Rd	0.38mi	3/1.5	1,530 (-11%)	7mo	$169,900	$111	56
2813 Graham Rd S	0.62mi	3/1.0	1,646 (-4%)	6mo	$56,000	$34	55
6712 Colonial Ter	0.61mi	3/2.0	1,620 (-6%)	9mo	$190,000	$117	55

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: -13.6%
• Equity multiple: 0.51×
• Total profit: $-26,746
• Equity at exit: $29,060

10-year hold

• IRR: -4.8%
• Equity multiple: 0.68×
• Total profit: $-17,242
• Equity at exit: $16,851

Cash invested: $54,572 (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: 10.0×

Monthly cashflow live

• Estimated rent: $1,619 high
• Mortgage (P&I): −$1,022
• Tax from tax record: −$99 /mo · $1,185/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $77

Break-even live

Break-even rent $1,522

Max offer price $194,900

Occupancy floor 90%

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: $48,725
• Closing costs: $5,847
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3100 Lacoste Rd Mobile, AL	3.0	2.0	1530	$1,795	$1.17	44d	1	0.32mi
6931 Charmingdale Dr S Mobile, AL	3.0	2.0	1544	$1,850	$1.20	44d	1	0.59mi
6931 Charmingdale Dr S Mobile, AL	3.0	2.0	1503	$1,795	$1.19	21d	1	0.59mi
6961 Charmingdale Dr S Mobile, AL	4.0	2.0	1600	$1,300	$0.81	44d	1	0.62mi
3475 Denmark Rd Unit A Mobile, AL	2.0	2.5	1100	$1,500	$1.36	44d	1	1.32mi

Listing history 4 events

1. 2026-05-12
   status Pending 861-char remark

   Show marketing remark (861 chars)

   Welcome home to this 3-bedroom, 2 bath property conveniently located off Moffett Road! Step inside to enjoy a warm and inviting family room with a fireplace, plus the everyday convenience of a dedicated laundry room and mudroom perfect for keeping life organized. The flexible floorplan includes now an office with a charming window seat that can easily be converted back into a formal dining room to fit your needs. Come outside to a large backyard with plenty of space to relax, play, or entertain. Seller is offering a $2,000 concession to be applied toward carpet replacement and interior painting with an acceptable offer. Kitchen appliances to include: refrigerator, stove/range, dishwasher, and microwave to covey with sale at no additional value. Buyer and buyer's agent to verify all measurements and all pertinent details. Schedule your showing today!

2. 2026-02-20
   price $194,900 861-char remark

   Show marketing remark (861 chars)

   Welcome home to this 3-bedroom, 2 bath property conveniently located off Moffett Road! Step inside to enjoy a warm and inviting family room with a fireplace, plus the everyday convenience of a dedicated laundry room and mudroom perfect for keeping life organized. The flexible floorplan includes now an office with a charming window seat that can easily be converted back into a formal dining room to fit your needs. Come outside to a large backyard with plenty of space to relax, play, or entertain. Seller is offering a $2,000 concession to be applied toward carpet replacement and interior painting with an acceptable offer. Kitchen appliances to include: refrigerator, stove/range, dishwasher, and microwave to covey with sale at no additional value. Buyer and buyer's agent to verify all measurements and all pertinent details. Schedule your showing today!

3. 2025-12-30
   listed $199,900 Active 861-char remark

   Show marketing remark (861 chars)

   Welcome home to this 3-bedroom, 2 bath property conveniently located off Moffett Road! Step inside to enjoy a warm and inviting family room with a fireplace, plus the everyday convenience of a dedicated laundry room and mudroom perfect for keeping life organized. The flexible floorplan includes now an office with a charming window seat that can easily be converted back into a formal dining room to fit your needs. Come outside to a large backyard with plenty of space to relax, play, or entertain. Seller is offering a $2,000 concession to be applied toward carpet replacement and interior painting with an acceptable offer. Kitchen appliances to include: refrigerator, stove/range, dishwasher, and microwave to covey with sale at no additional value. Buyer and buyer's agent to verify all measurements and all pertinent details. Schedule your showing today!

4. 2014-05-30
   soldstatus $80,400

ⓘ 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: $1,185 · $99/mo
• Projected year-2 tax: $1,185 · $99/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 5/10 Major
• 🌡 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: $19,428
• − Mortgage interest: −$10,917
• − Property taxes: −$1,185
• − Insurance: −$974
• − Repairs & maintenance: −$1,554
• − Management: −$1,554
• − Depreciation: −$5,670
• Taxable loss: −$2,428
• Est. tax savings @ 24.0%: +$583
• After-tax cash flow: $1,506/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

• 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

+142.4% since first listed

4 events — show timeline

• 2026-05-12 Pending — GCMLS AL
• 2026-02-20 Price Changed $194,900 GCMLS AL
• 2025-12-30 Listed $199,900 GCMLS AL
• 2014-05-30 Sold (Public Records) $80,400 Public Records

Property tax history

+9.1%/yr

Latest (2025): $1,185 · +3.2% YoY. Source: county tax records.