319 4th St · Chickasaw, AL 36611

$69,000

4 bd · 2.5 ba · 2,267 sqft · SingleFamily public records · 68 Days on market

Built 1918 8,833 sqft lot $30/sqft · 55% below area

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Why this score? — see what drove the A- 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
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Spacious home waiting for your special touch to make it shine again. The main floor offers a large living room, dining room, kitchen and additional room that could be used as a den or office. A half bath is located on the main floor. Upstairs are four large bedrooms with two bathrooms. Hardwood floors run throughout this home with ceramic tile in the wet areas. Within close proximity to the interstate, shopping, schools, parks and more. This home is being sold in current "AS IS" condition only - the seller will not perform any repairs. Make an appointment today to view this great home.

Key facts

• 8,833 sq ft lot
• Garage
• Built 1918

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $817 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $69k).
• Recommended offer: $65k (6.0% below list) — sets the bar for market timing.
• Cap rate 20.5% vs local median 7.1% in Chickasaw — 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 61/100 on livability (#237 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-, health & safety B; Watch: crime D-, amenities F, commute F.
• Zoned schools: Chickasaw City Elementary School (math 7% / reading 30%, grade F, #480 of 627 statewide, top 77%, 550 students, 80% FRL); Chickasaw Middle School (math 6% / reading 36%, grade F, #188 of 257 statewide, top 74%, 284 students, 89% FRL); Chickasaw City High School (math 5% / reading 15%, grade F, #248 of 305 statewide, top 82%, 224 students, 91% FRL).
• Market conditions: 45 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($477 loan paydown + $7k appreciation (10.0% 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 (10.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 68 days — a 6% lower offer ($65k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 16y ago; this cycle's ask has dropped $6k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $47k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.
• 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 $64,859 (6.0% below list)

Questions for the listing agent

1. It's been on market 68 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1918 — 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 F-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 D 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. 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 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: 2.35% ✓
• Cap rate: 20.49%
• Cash-on-cash: 50.72%
• DSCR: 3.26
• GRM: 3.5

CMA / ARV

• ARV (median comp): $152,504
• List price: $69,000
• Delta: -54.76%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
325 5th St	0.05mi	3/2.0 (-1)	2,221 (-2%)	2mo	$155,000	$70	86
206 6th St	0.26mi	4/2.0	2,227 (-2%)	9mo	$172,500	$77	76
314 1st St	0.48mi	4/3.0	2,136 (-6%)	2mo	$102,000	$48	64
500 Southwest Blvd	0.15mi	5/2.0 (+1)	2,596 (+14%)	11mo	$224,000	$86	53
317 Grant St	0.48mi	3/3.0 (-1)	2,589 (+14%)	14mo	$17,050	$7	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 64.2%
• Equity multiple: 5.64×
• Total profit: $89,606
• Equity at exit: $62,161

10-year hold

• IRR: 57.8%
• Equity multiple: 12.54×
• Total profit: $223,010
• Equity at exit: $134,052

Cash invested: $19,320 (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 36611

• Home prices YoY: 7.0%
• Active inventory: 45
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,622 medium
• Mortgage (P&I): −$362
• Tax from tax record: −$74 /mo · $894/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $817

Break-even live

Break-even rent $589

Max offer price $69,000

Occupancy floor 45%

Sensitivity live

Price	-10% $856	-5% $836	+0% $817	+5% $797	+10% $778
Rent	-10% $688	-5% $753	+0% $817	+5% $881	+10% $945
Rate	-1.0pp $851	-0.5pp $834	base $817	+0.5pp $799	+1.0pp $781

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
219 2nd St Chickasaw, AL	4.0	2.0	1916	$1,650	$0.86	15d	1	0.46mi
314 1st St Chickasaw, AL	4.0	3.0	2136	$1,595	$0.75	15d	1	0.51mi

Listing history 18 events

1. 2026-06-21
   days on market $69,000 Active 68 DOM
2. 2026-06-18
   days on market $69,000 Active 65 DOM
3. 2026-06-17
   days on market $69,000 Active 64 DOM
4. 2026-06-16
   days on market $69,000 Active 63 DOM
5. 2026-06-15
   days on market $69,000 Active 62 DOM
6. 2026-06-14
   days on market $69,000 Active 60 DOM
7. 2026-06-13
   days on market $69,000 Active 59 DOM
8. 2026-06-10
   days on market $69,000 Active 57 DOM
9. 2026-06-09
   days on market $69,000 Active 56 DOM
10. 2026-06-08
    days on market $69,000 Active 55 DOM
11. 2026-06-07
    days on market $69,000 Active 54 DOM
12. 2026-06-02
    days on market $69,000 Active 49 DOM
13. 2026-06-01
    days on market $69,000 Active 48 DOM
14. 2026-05-31
    days on market $69,000 Active 47 DOM
15. 2026-05-30
    days on market $69,000 Active 46 DOM
16. 2026-04-14
    listed $75,000 Active 602-char remark

    Show marketing remark (602 chars)

    Spacious home waiting for your special touch to make it shine again. The main floor offers a large living room, dining room, kitchen and additional room that could be used as a den or office. A half bath is located on the main floor. Upstairs are four large bedrooms with two bathrooms. Hardwood floors run throughout this home with ceramic tile in the wet areas. Within close proximity to the interstate, shopping, schools, parks and more. This home is being sold in current "AS IS" condition only - the seller will not perform any repairs. Make an appointment today to view this great home.

17. 2010-08-27
    soldstatus $47,250 110-char remark

    Show marketing remark (110 chars)

    Property is sold AS IS and is subject to ALL Alabama Right of Redemption Laws. Buyer to verify ALL Dimensions.

18. 2010-06-16
    listed $59,900 110-char remark

    Show marketing remark (110 chars)

    Property is sold AS IS and is subject to ALL Alabama Right of Redemption Laws. Buyer to verify ALL Dimensions.

ⓘ 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: $894 · $74/mo
• Projected year-2 tax: $894 · $74/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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,469
• − Mortgage interest: −$3,865
• − Property taxes: −$894
• − Insurance: −$345
• − Repairs & maintenance: −$1,557
• − Management: −$1,557
• − Depreciation: −$2,007
• Taxable income: $9,242
• Est. tax owed @ 24.0%: −$2,218
• After-tax cash flow: $7,581/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)

No district data.

Livability — Chickasaw

• Score: 61/100
• State rank: #237
• US rank: #17438

Category grades

Amenities F Commute F Cost of living A+ Crime D- Employment F Housing A- Health & safety B User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chickasaw, AL
• City population: 6,367
• Population (ZIP): 6,367

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: Black 55% White 38% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Lithuanian 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▲ 12.90%
• Current HPI: 196.621
• 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

+25.2% since first listed

3 events — show timeline

• 2026-04-14 Listed $75,000 GCMLS AL
• 2010-08-27 Sold (MLS) $47,250 BCAR
• 2010-06-16 Listed $59,900 BCAR

Property tax history

+11.1%/yr

Latest (2025): $894 · +12.9% YoY. Source: county tax records.