941 Avenue H · Prichard, AL 36610

$15,000

4 bd · 1.0 ba · 1,152 sqft · MultiFamily public records · 28 Days on market

Built 1970 6,160 sqft lot

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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 +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +5.2/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

SOLD AT LAND VALUE - AS IS WHERE IS - Do not enter real property or trespass on any part of the property. Buildings are being sold at no value. Requires court approval prior to close - Cash only.

Key facts

• 6,160 sq ft lot
• Built 1970
• Listed 28 days

Property features AI

Finance

• HOA & community: Association fee paid annually

Exterior

• Parking: No designated parking
• Utilities: Electricity available (110 volts); Sewer: Other
• Home design: Single family residence; Residential property
• Construction: Wood siding exterior; Metal roof; Built in 1970; Pillar/post/pier foundation
• Exterior features: No notable exterior features; Chain link fencing; Property has a view; Not waterfront

Interior

• Kitchen: Other appliances
• Bedrooms: 4 bedrooms
• Bathrooms: 1 full bathroom; No half bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other interior features; No fireplace
• Laundry & utility: Other utility/sewer configuration

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath multifamily listed at $15k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $15k).
• Recommended offer: $15k (1.5% below list) — sets the bar for market timing.
• Cap rate 110.3% 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: crime F, amenities F, commute 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.
• Zoned schools: Grant Elementary School (math 8% / reading 22%, grade F, #508 of 627 statewide, top 84%, 236 students, 98% FRL); Cf Vigor High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 547 students, 86% FRL) — zoned schools average 92% FRL vs 67% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 9% at this address vs 27% district-wide (-18 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: 41 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).

Forward outlook

• In year one you build about $160 of equity ($104 loan paydown + $56 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 $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($15k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $12k (45%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 4.2% of price.
• 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 $14,775 (1.5% below list)

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 12.13% ✓
• Cap rate: 110.29%
• Cash-on-cash: 371.41%
• DSCR: 17.53
• GRM: 0.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.37% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 20.68×
• Total profit: $82,667
• Equity at exit: $4,637

10-year hold

• IRR: —
• Equity multiple: 44.11×
• Total profit: $181,060
• Equity at exit: $5,803

Cash invested: $4,200 (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: 1.3×

Monthly cashflow live

• Estimated rent: $1,819 medium
• Mortgage (P&I): −$79
• Tax from tax record: −$52 /mo · $626/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $1,300

Break-even live

Break-even rent $174

Max offer price $15,000

Occupancy floor 24%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	3	1	$943
1× unit	1	1	$876
Total (2 units)			$1,819

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
510 Schwartz St Mobile, AL	3.0	2.0	1288	$1,400	$1.09	14d	1	1.43mi
708 Bond St Mobile, AL	3.0	1.0	1100	$1,350	$1.23	21d	1	1.48mi
672 Burden St Mobile, AL	3.0	1.5	1421	$1,300	$0.91	21d	1	1.49mi

Listing history 5 events

1. 2026-05-12
   price $20,500 166-char remark
2. 2026-04-30
   listed $27,200 Active 166-char remark
3. 2026-04-16
   soldstatus $6,000 Closed 197-char remark

   Show marketing remark (197 chars)

   SOLD AT LAND VALUE - AS IS WHERE IS - Do not enter real property or trespass on any part of the property. Buildings are being sold at no value. Requires court approval prior to close - Cash only.

4. 2026-01-20
   status Pending 197-char remark

   Show marketing remark (197 chars)

   SOLD AT LAND VALUE - AS IS WHERE IS - Do not enter real property or trespass on any part of the property. Buildings are being sold at no value. Requires court approval prior to close - Cash only.

5. 2026-01-19
   listed $6,000 Active 197-char remark

   Show marketing remark (197 chars)

   SOLD AT LAND VALUE - AS IS WHERE IS - Do not enter real property or trespass on any part of the property. Buildings are being sold at no value. Requires court approval prior to close - Cash only.

ⓘ 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: $626 · $52/mo
• Projected year-2 tax: $626 · $52/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 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: $21,828
• − Mortgage interest: −$840
• − Property taxes: −$626
• − Insurance: −$75
• − Repairs & maintenance: −$1,746
• − Management: −$1,746
• − Depreciation: −$436
• Taxable income: $16,358
• Est. tax owed @ 24.0%: −$3,926
• After-tax cash flow: $11,673/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

+136.7% since first listed

8 events — show timeline

• 2026-06-09 Sold (MLS) $14,200 GCMLS AL
• 2026-05-28 Pending — GCMLS AL
• 2026-05-27 Price Changed $15,000 GCMLS AL
• 2026-05-12 Price Changed $20,500 GCMLS AL
• 2026-04-30 Listed $27,200 GCMLS AL
• 2026-04-16 Sold (MLS) $6,000 GCMLS AL
• 2026-01-20 Pending — GCMLS AL
• 2026-01-19 Listed $6,000 GCMLS AL

Property tax history

+5.1%/yr

Latest (2025): $626 · +5.8% YoY. Source: county tax records.