308 Lee St · Chickasaw, AL 36611

$69,900

None bd · 2.0 ba · 1,859 sqft · SingleFamily public records · 77 Days on market

Built 1922 8,276 sqft lot

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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
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.9/10.0
• 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

Are you on the lookout for a fantastic new investment property? Well, look no further! You might just have found your gem: a charming duplex nestled right in the historical district and the vibrant heart of Chickasaw. This property features two units, with a spacious 2-bedroom setup downstairs and the same 2-bedroom unit upstairs. But here's where it gets even more interesting—if you have a vision, you could easily convert it into a single-family home boasting 4 cozy bedrooms and 2 baths. The possibilities are practically endless! Now, let's talk renovations. The current owner began sprucing the place up with some really nice updates. Imagine walking on fresh new ceramic tiles that add a modern touch to each unit. He has also taken care of the exterior by pressure washing it to give it a fresh, clean look, which always helps in enhancing curb appeal. And, of course, he’s put in some elbow grease by cleaning out the insides and giving certain areas a new coat of paint to brighten things up. Unfortunately, he just hasn’t been able to find the time to wrap everything up. So, if you’re intrigued and want to peek inside this potential-filled property, don’t hesitate to reach out! I'm happy to arrange a tour, or you can always get in touch with your favorite agent for a showing. Don’t let this opportunity slip through your fingers!

Key facts

• New coat of paint
• Ceramic tiles
• Curb appeal

Tags

• HISTORICAL DISTRICT
• CERAMIC TILES
• CURB APPEAL
• NEW COAT OF PAINT

What this means for you Summary

Snapshot

• This is a ?-bed/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $227 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($969 rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.3% vs local median 7.2% 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: schools F, crime D-, amenities F.
• 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 ($483 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 $20k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $20k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $70k implies a 133% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1922 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; 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 $65,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 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 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 1.39% ✓
• Cap rate: 11.32%
• Cash-on-cash: 17.97%
• DSCR: 1.80
• GRM: 6.0

CMA / ARV

• ARV (median comp): $144,633
• List price: $69,900
• Delta: -51.67%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
405 Southwest Blvd	0.08mi	2/1.5	1,825 (-2%)	2mo	$170,000	$93	90
317 Lee St	0.07mi	4/2.0	1,899 (+2%)	7mo	$205,000	$108	87
603 Yeend Ave	0.20mi	3/2.0	1,800 (-3%)	7mo	$150,000	$83	79
202 4th St	0.20mi	4/2.0	1,834 (-1%)	19mo	$90,000	$49	73
600 Yeend Ave	0.17mi	3/1.0	1,758 (-5%)	8mo	$85,000	$48	72
208 3rd St	0.37mi	3/2.0	1,732 (-7%)	7mo	$27,100	$16	66
95 Lee St	0.36mi	3/2.0	1,912 (+3%)	19mo	$195,000	$102	63
211 3rd St	0.40mi	3/2.0	1,738 (-6%)	17mo	$149,900	$86	56
326 7th St	0.19mi	3/1.0	1,628 (-12%)	14mo	$67,000	$41	55
314 1st St	0.42mi	4/3.0	2,136 (+15%)	2mo	$102,000	$48	50
156 12th Ave	0.65mi	4/2.0	1,696 (-9%)	16mo	$55,000	$32	42
214 Sutherland Dr	0.72mi	3/2.0	1,590 (-14%)	5mo	$185,000	$116	38

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: 34.5%
• Equity multiple: 3.68×
• Total profit: $52,548
• Equity at exit: $62,971

10-year hold

• IRR: 29.8%
• Equity multiple: 8.33×
• Total profit: $143,496
• Equity at exit: $135,800

Cash invested: $19,572 (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 36611

• Home prices YoY: 7.0%
• Active inventory: 45
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $969 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$77 /mo · $921/yr
• Insurance: −$29
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$203
• Net cashflow: $227

Break-even live

Break-even rent $682

Max offer price $69,900

Occupancy floor 72%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
101 Grant St Chickasaw, AL	3.0	1.0	1383	$895	$0.65	13d	1	0.27mi
78 Lee St Chickasaw, AL	3.0	1.0	1412	$1,100	$0.78	43d	1	0.49mi

Listing history 22 events

1. 2026-06-18
   days on market $69,900 Active 77 DOM
2. 2026-06-17
   days on market $69,900 Active 76 DOM
3. 2026-06-16
   days on market $69,900 Active 75 DOM
4. 2026-06-15
   days on market $69,900 Active 74 DOM
5. 2026-06-14
   days on market $69,900 Active 72 DOM
6. 2026-06-13
   days on market $69,900 Active 71 DOM
7. 2026-06-10
   days on market $69,900 Active 69 DOM
8. 2026-06-09
   days on market $69,900 Active 68 DOM
9. 2026-06-08
   days on market $69,900 Active 67 DOM
10. 2026-06-07
    days on market $69,900 Active 66 DOM
11. 2026-06-02
    days on market $69,900 Active 61 DOM
12. 2026-06-01
    days on market $69,900 Active 60 DOM
13. 2026-05-31
    days on market $69,900 Active 59 DOM
14. 2026-05-30
    days on market $69,900 Active 58 DOM
15. 2026-05-08
    price $69,900 1383-char remark

    Show marketing remark (1383 chars)

    Are you on the lookout for a fantastic new investment property? Well, look no further! You might just have found your gem: a charming duplex nestled right in the historical district and the vibrant heart of Chickasaw. This property features two units, with a spacious 2-bedroom setup downstairs and the same 2-bedroom unit upstairs. But here's where it gets even more interesting—if you have a vision, you could easily convert it into a single-family home boasting 4 cozy bedrooms and 2 baths. The possibilities are practically endless! Now, let's talk renovations. The current owner began sprucing the place up with some really nice updates. Imagine walking on fresh new ceramic tiles that add a modern touch to each unit. He has also taken care of the exterior by pressure washing it to give it a fresh, clean look, which always helps in enhancing curb appeal. And, of course, he’s put in some elbow grease by cleaning out the insides and giving certain areas a new coat of paint to brighten things up. Unfortunately, he just hasn’t been able to find the time to wrap everything up. So, if you’re intrigued and want to peek inside this potential-filled property, don’t hesitate to reach out! I'm happy to arrange a tour, or you can always get in touch with your favorite agent for a showing. Don’t let this opportunity slip through your fingers!

16. 2026-04-22
    price $79,900 1383-char remark

    Show marketing remark (1383 chars)

    Are you on the lookout for a fantastic new investment property? Well, look no further! You might just have found your gem: a charming duplex nestled right in the historical district and the vibrant heart of Chickasaw. This property features two units, with a spacious 2-bedroom setup downstairs and the same 2-bedroom unit upstairs. But here's where it gets even more interesting—if you have a vision, you could easily convert it into a single-family home boasting 4 cozy bedrooms and 2 baths. The possibilities are practically endless! Now, let's talk renovations. The current owner began sprucing the place up with some really nice updates. Imagine walking on fresh new ceramic tiles that add a modern touch to each unit. He has also taken care of the exterior by pressure washing it to give it a fresh, clean look, which always helps in enhancing curb appeal. And, of course, he’s put in some elbow grease by cleaning out the insides and giving certain areas a new coat of paint to brighten things up. Unfortunately, he just hasn’t been able to find the time to wrap everything up. So, if you’re intrigued and want to peek inside this potential-filled property, don’t hesitate to reach out! I'm happy to arrange a tour, or you can always get in touch with your favorite agent for a showing. Don’t let this opportunity slip through your fingers!

17. 2026-04-02
    listed $89,900 Active 1383-char remark

    Show marketing remark (1383 chars)

    Are you on the lookout for a fantastic new investment property? Well, look no further! You might just have found your gem: a charming duplex nestled right in the historical district and the vibrant heart of Chickasaw. This property features two units, with a spacious 2-bedroom setup downstairs and the same 2-bedroom unit upstairs. But here's where it gets even more interesting—if you have a vision, you could easily convert it into a single-family home boasting 4 cozy bedrooms and 2 baths. The possibilities are practically endless! Now, let's talk renovations. The current owner began sprucing the place up with some really nice updates. Imagine walking on fresh new ceramic tiles that add a modern touch to each unit. He has also taken care of the exterior by pressure washing it to give it a fresh, clean look, which always helps in enhancing curb appeal. And, of course, he’s put in some elbow grease by cleaning out the insides and giving certain areas a new coat of paint to brighten things up. Unfortunately, he just hasn’t been able to find the time to wrap everything up. So, if you’re intrigued and want to peek inside this potential-filled property, don’t hesitate to reach out! I'm happy to arrange a tour, or you can always get in touch with your favorite agent for a showing. Don’t let this opportunity slip through your fingers!

18. 2023-04-27
    soldstatus $30,000 Closed 274-char remark

    Show marketing remark (274 chars)

    Opportunity awaits in this two unit property with two bedrooms and one bathroom in each unit. Work is required to make this move-in ready. No access due to substandard flooring on first floor /substandard stairs for entry on second floor. Right of redemption date 12.05.23.

19. 2023-04-05
    status Pending 274-char remark

    Show marketing remark (274 chars)

    Opportunity awaits in this two unit property with two bedrooms and one bathroom in each unit. Work is required to make this move-in ready. No access due to substandard flooring on first floor /substandard stairs for entry on second floor. Right of redemption date 12.05.23.

20. 2023-03-27
    status Active 274-char remark

    Show marketing remark (274 chars)

    Opportunity awaits in this two unit property with two bedrooms and one bathroom in each unit. Work is required to make this move-in ready. No access due to substandard flooring on first floor /substandard stairs for entry on second floor. Right of redemption date 12.05.23.

21. 2023-02-04
    historical 274-char remark

    Show marketing remark (274 chars)

    Opportunity awaits in this two unit property with two bedrooms and one bathroom in each unit. Work is required to make this move-in ready. No access due to substandard flooring on first floor /substandard stairs for entry on second floor. Right of redemption date 12.05.23.

22. 2023-01-27
    listed $15,900 Active 274-char remark

    Show marketing remark (274 chars)

    Opportunity awaits in this two unit property with two bedrooms and one bathroom in each unit. Work is required to make this move-in ready. No access due to substandard flooring on first floor /substandard stairs for entry on second floor. Right of redemption date 12.05.23.

ⓘ 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: $921 · $77/mo
• Projected year-2 tax: $921 · $77/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 8/10 Severe FEMA zone X (unshaded) · 99% 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: $11,627
• − Mortgage interest: −$3,915
• − Property taxes: −$921
• − Insurance: −$1,147
• − Repairs & maintenance: −$930
• − Management: −$930
• − Depreciation: −$2,033
• Taxable income: $1,750
• Est. tax owed @ 24.0%: −$420
• After-tax cash flow: $2,299/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

+339.6% since first listed

8 events — show timeline

• 2026-05-08 Price Changed $69,900 GCMLS AL
• 2026-04-22 Price Changed $79,900 GCMLS AL
• 2026-04-02 Listed $89,900 GCMLS AL
• 2023-04-27 Sold (MLS) $30,000 GCMLS AL
• 2023-04-05 Pending — GCMLS AL
• 2023-03-27 Relisted — GCMLS AL
• 2023-02-04 Delisted — GCMLS AL
• 2023-01-27 Listed $15,900 GCMLS AL

Property tax history

+11.4%/yr

Latest (2025): $921 · +13.0% YoY. Source: county tax records.