5405 Moffett Rd · Mobile, AL 36618

$139,900

3 bd · 2.0 ba · 1,412 sqft · Other public records · 202 Days on market

Built 1958 0.53 ac lot

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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 +22.6/30.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 1% rule +5.3/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

AWESOME OFFICE SPACE WITH PLENTY OF PARKING! * * ONE HALF ACRE ON MOFFETT ROAD! * * Zoned as RESIDENTIAL OR B2 COMMERCIAL. UPDATED HVAC, ROOF, and WATER HEATER! Three bedroom 1 bath 1412 Sf. on a half acre double lot! Open living/family area with updated flooring, freshly painted interior and exterior, new roof and more! Kitchen open to family area with plenty of custom cabinetry, stainless sink and stove! There are 3 well sized bedrooms with hallway bath! Must see! Carport and fenced in area! Schedule your showing today! Convenient to shopping, roadways and more! Plan your viewing today!

Key facts

• Custom cabinetry
• Half acre
• New hvac

Tags

• HALF ACRE
• NEW HVAC
• NEW ROOF
• NEW WATER HEATER
• UPDATED FLOORING
• CUSTOM CABINETRY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $140k.

Deal economics

• At list price, monthly cash flow is $237 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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: Orchard Elementary School (math 4% / reading 29%, grade F, #501 of 627 statewide, top 80%, 539 students, 84% FRL); Cl Scarborough Model Middle School (math 4% / reading 21%, grade F, #216 of 257 statewide, top 86%, 651 students, 94% FRL); 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 88% FRL vs 67% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 10% at this address vs 27% district-wide (-16 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: 102 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $967 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.

Negotiation context

• It's been on market 202 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $18k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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 $123,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 202 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — 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. 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: 1.03% ✓
• Cap rate: 8.33%
• Cash-on-cash: 7.26%
• DSCR: 1.32
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -5.2%
• Equity multiple: 0.81×
• Total profit: $-7,601
• Equity at exit: $20,860

10-year hold

• IRR: 4.4%
• Equity multiple: 1.32×
• Total profit: $12,727
• Equity at exit: $12,096

Cash invested: $39,172 (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: 102
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,437 high
• Mortgage (P&I): −$734
• Tax from tax record: −$106 /mo · $1,278/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $237

Break-even live

Break-even rent $1,137

Max offer price $139,900

Occupancy floor 79%

Sensitivity live

Price	-10% $316	-5% $277	+0% $237	+5% $197	+10% $158
Rent	-10% $123	-5% $180	+0% $237	+5% $294	+10% $350
Rate	-1.0pp $307	-0.5pp $272	base $237	+0.5pp $201	+1.0pp $164

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1631 Colonial Oaks Dr Mobile, AL	3.0	1.0	1196	$1,100	$0.92	45d	1	0.21mi
5508 Overlook Rd Mobile, AL	3.0	2.0	1260	$1,400	$1.11	15d	1	0.30mi
5520 Vienna Ave Mobile, AL	3.0	2.0	1745	$1,395	$0.80	45d	1	0.30mi
5613 Overlook Rd Mobile, AL	3.0	1.5	1520	$1,450	$0.95	45d	1	0.41mi
5751 Overlook Rd Unit A2 Mobile, AL	2.0	1.0	890	$850	$0.96	22d	1	0.52mi
914 David Langan Dr E Mobile, AL	3.0	1.0	1080	$1,450	$1.34	45d	1	0.95mi
1104 Garland St Mobile, AL	3.0	1.0	1377	$1,450	$1.05	22d	1	0.99mi
5477 Ardell Dr Unit 1043691P Mobile, AL	3.0	2.0	1496	$2,680	$1.79	15d	1	1.00mi
5904 Saint Gallen Ave S Unit 1043743P Mobile, AL	4.0	2.0	1496	$3,719	$2.49	22d	1	1.17mi
912 Wendover Rd Unit 1043703P Mobile, AL	4.0	2.5	1496	$3,190	$2.13	22d	1	1.18mi
1728 Tew Dr Mobile, AL	2.0	1.0	912	$995	$1.09	45d	1	1.23mi
5855 Woodvale Dr Mobile, AL	3.0	1.5	1712	$1,350	$0.79	22d	1	1.33mi
1063 Midmoor Dr Mobile, AL	2.0	2.0	1695	$1,450	$0.86	45d	1	1.50mi
1404 Stevens Ln Mobile, AL	3.0	1.0	1052	$1,275	$1.21	45d	1	1.50mi

Listing history 24 events

1. 2026-03-06
   soldstatus $125,000
2. 2026-01-19
   status Pending
3. 2026-01-05
   status Active
4. 2025-12-11
   historical Active Under Contract
5. 2025-12-02
   status Pending
6. 2025-11-25
   price $139,900
7. 2025-11-25
   status Active
8. 2025-10-01
   status Pending
9. 2025-09-08
   price $135,000
10. 2025-08-12
    price $139,900
11. 2025-08-05
    price $145,000
12. 2025-07-14
    price $146,900
13. 2025-07-09
    price $147,155
14. 2025-06-30
    price $148,155
15. 2025-06-09
    price $149,155
16. 2025-06-02
    price $155,000
17. 2025-05-29
    price $157,000
18. 2025-04-28
    listed $158,000 Active
19. 2024-12-17
    price $157,900
20. 2024-11-13
    price $158,000
21. 2024-07-24
    price $159,500
22. 2024-06-21
    price $159,900
23. 2024-06-04
    price $165,900
24. 2023-11-07
    soldstatus $75,000

ⓘ 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: $1,278 · $106/mo
• Projected year-2 tax: $1,278 · $106/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 4/10 Moderate
• 🌡 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: $17,245
• − Mortgage interest: −$7,837
• − Property taxes: −$1,278
• − Insurance: −$700
• − Repairs & maintenance: −$1,380
• − Management: −$1,380
• − Depreciation: −$4,070
• Taxable income: $603
• Est. tax owed @ 24.0%: −$145
• After-tax cash flow: $2,698/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): 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

+66.7% since first listed

24 events — show timeline

• 2026-03-06 Sold (Public Records) $125,000 Public Records
• 2026-01-19 Pending — GCMLS AL
• 2026-01-05 Relisted — GCMLS AL
• 2025-12-11 Contingent — GCMLS AL
• 2025-12-02 Pending — GCMLS AL
• 2025-11-25 Price Changed $139,900 GCMLS AL
• 2025-11-25 Relisted — GCMLS AL
• 2025-10-01 Pending — GCMLS AL
• 2025-09-08 Price Changed $135,000 GCMLS AL
• 2025-08-12 Price Changed $139,900 GCMLS AL
• 2025-08-05 Price Changed $145,000 GCMLS AL
• 2025-07-14 Price Changed $146,900 GCMLS AL
• 2025-07-09 Price Changed $147,155 GCMLS AL
• 2025-06-30 Price Changed $148,155 GCMLS AL
• 2025-06-09 Price Changed $149,155 GCMLS AL
• 2025-06-02 Price Changed $155,000 GCMLS AL
• 2025-05-29 Price Changed $157,000 GCMLS AL
• 2025-04-28 Listed $158,000 GCMLS AL
• 2024-12-17 Price Changed $157,900 GCMLS AL
• 2024-11-13 Price Changed $158,000 GCMLS AL
• 2024-07-24 Price Changed $159,500 GCMLS AL
• 2024-06-21 Price Changed $159,900 GCMLS AL
• 2024-06-04 Price Changed $165,900 GCMLS AL
• 2023-11-07 Sold (Public Records) $75,000 Public Records

Property tax history

+17.7%/yr

Latest (2025): $1,278 · +3.2% YoY. Source: county tax records.