320 Snyder Dr · Prichard, AL 36610

$21,200

2 bd · 1.0 ba · 1,545 sqft · SingleFamily public records · 65 Days on market

Built 1945 10,018 sqft lot $14/sqft · 65% below area ↓ 43% since listing

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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

Listing remarks MLS

Opportunity awaits in this two bedroom, one bath home. Work is required to make this home move in ready but could be worth the effort. Whether you decide to customize this home for yourself or rent it out, this house could be a great option. Missing HVAC, possible structural issues.

Key facts

• 0.23 acre lot
• Garage
• Built 1945

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $21k.

Deal economics

• At list price, monthly cash flow is $620 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($988 rent vs $21k).
• Recommended offer: $20k (6.0% below list) — sets the bar for market timing.
• Cap rate 41.4% 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: schools D-, crime F, amenities 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.
• Market conditions: 41 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 $226 of equity ($147 loan paydown + $79 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 $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($20k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1945 — 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 $19,928 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 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 1945 — 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: 4.66% ✓
• Cap rate: 41.36%
• Cash-on-cash: 125.24%
• DSCR: 6.57
• GRM: 1.8

CMA / ARV

• ARV (median comp): $45,495
• List price: $21,200
• Delta: -53.40%
• 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
513 Petain St W	0.40mi	2/1.0	1,488 (-4%)	9mo	$59,000	$40	68
719 Saxon St	0.23mi	3/2.0 (+1)	1,653 (+7%)	3mo	$34,500	$21	66
609 Gehrig Ave	0.37mi	3/2.0 (+1)	1,458 (-6%)	11mo	$59,000	$40	56
609 Turner Rd W	0.32mi	3/2.0 (+1)	1,695 (+10%)	11mo	$30,000	$18	50
211 Williams Ave S	0.42mi	3/2.0 (+1)	1,392 (-10%)	23mo	$13,500	$10	36

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

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 7.61×
• Total profit: $39,234
• Equity at exit: $6,553

10-year hold

• IRR: —
• Equity multiple: 15.87×
• Total profit: $88,278
• Equity at exit: $8,202

Cash invested: $5,936 (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: 1.8×

Monthly cashflow live

• Estimated rent: $988 medium
• Mortgage (P&I): −$111
• Tax from tax record: −$41 /mo · $493/yr
• Insurance: −$9
• HOA: −$0
• Vacancy / Maint / Mgmt: −$208
• Net cashflow: $620

Break-even live

Break-even rent $204

Max offer price $21,200

Occupancy floor 32%

Sensitivity live

Price	-10% $632	-5% $626	+0% $620	+5% $614	+10% $608
Rent	-10% $541	-5% $580	+0% $620	+5% $659	+10% $698
Rate	-1.0pp $630	-0.5pp $625	base $620	+0.5pp $614	+1.0pp $608

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: $5,300
• Closing costs: $636
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 Dairy Rd Mobile, AL	2.0–3.0	2.0	999	$975	$0.98	14d	1	0.96mi
101 Grant St Chickasaw, AL	3.0	1.0	1383	$895	$0.65	14d	1	1.30mi
78 Lee St Chickasaw, AL	3.0	1.0	1412	$1,100	$0.78	44d	1	1.40mi

Listing history 18 events

1. 2026-06-18
   days on market $21,200 Active 65 DOM
2. 2026-06-17
   days on market $21,200 Active 64 DOM
3. 2026-06-16
   days on market $21,200 Active 63 DOM
4. 2026-06-15
   days on market $21,200 Active 62 DOM
5. 2026-06-14
   days on market $21,200 Active 60 DOM
6. 2026-06-13
   days on market $21,200 Active 59 DOM
7. 2026-06-10
   days on market $21,200 Active 57 DOM
8. 2026-06-09
   days on market $21,200 Active 56 DOM
9. 2026-06-08
   days on market $21,200 Active 55 DOM
10. 2026-06-07
    days on market $21,200 Active 54 DOM
11. 2026-06-05
    days on market $21,200 Active 51 DOM
12. 2026-06-03
    days on market $21,200 Active 50 DOM
13. 2026-06-02
    days on market $21,200 Active 49 DOM
14. 2026-06-01
    days on market $21,200 Active 48 DOM
15. 2026-05-31
    days on market $21,200 Active 47 DOM
16. 2026-05-30
    days on market $21,200 Active 46 DOM
17. 2026-04-14
    listed $21,200 Active 283-char remark

    Show marketing remark (283 chars)

    Opportunity awaits in this two bedroom, one bath home. Work is required to make this home move in ready but could be worth the effort. Whether you decide to customize this home for yourself or rent it out, this house could be a great option. Missing HVAC, possible structural issues.

18. 2026-02-10
    listed $37,100 Active

ⓘ 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: $493 · $41/mo
• Projected year-2 tax: $493 · $41/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: $11,857
• − Mortgage interest: −$1,188
• − Property taxes: −$493
• − Insurance: −$106
• − Repairs & maintenance: −$949
• − Management: −$949
• − Depreciation: −$617
• Taxable income: $7,557
• Est. tax owed @ 24.0%: −$1,814
• After-tax cash flow: $5,620/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

-42.9% since first listed

2 events — show timeline

• 2026-04-14 Listed $21,200 VMLS
• 2026-02-10 Listed $37,100 VMLS

Property tax history

+18.3%/yr

Latest (2025): $493 · -5.0% YoY. Source: county tax records.