511 Avondale Ct · Mobile, AL 36617

$85,000

3 bd · 2.0 ba · 1,062 sqft · SingleFamily public records · 121 Days on market

Built 2012 5,170 sqft lot Est $84k · at est.

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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
• 1% rule +8.1/10.0
• Appreciation +7.4/10.0
• ARV discount +6.9/15.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

Newly remodeled 3 bedroom 2 bathroom single family home, in a quiet cul-de-sac neighborhood that includes washer, dryer, stove and refrigerator. Has ceiling fans in two bedrooms and a living room. Privacy fence in the backyard. Original hardwood floors. Brand new roof.

Key facts

• Fenced yard
• Private backyard
• Cul-de-sac

Tags

• CUL-DE-SAC
• FENCED YARD
• PRIVATE BACKYARD
• CLOSE TO AMENITIES
• MINUTES TO AVONDALE PARK
• HIGHLY-RATED LOCAL SCHOOLS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $324 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.9% 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: schools D-, 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.
• Market conditions: 40 active listings in the ZIP; 6 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

• In year one you build about $5k of equity ($588 loan paydown + $4k appreciation (4.8% 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 (4.8% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 8, 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 121 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $10k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $74,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 121 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
7. 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.
8. 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: 1.31% ✓
• Cap rate: 10.87%
• Cash-on-cash: 16.34%
• DSCR: 1.73
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $83,898
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
511 Yukers St	0.22mi	3/2.0	1,176 (+11%)	7mo	$150,000	$128	66
2024 Mott Dr W	0.58mi	2/1.0 (-1)	1,070 (+1%)	0mo	$38,500	$36	62
508 Avondale Ct	0.03mi	3/1.5	1,165 (+10%)	22mo	$94,250	$81	62
1869 S Mott Dr	0.66mi	3/1.0	1,076 (+1%)	13mo	$95,000	$88	52
315 Oak Dr	0.49mi	3/1.5	1,140 (+7%)	13mo	$65,000	$57	52
2435 St Stephens Rd	0.72mi	3/1.0	1,172 (+10%)	0mo	$107,999	$92	45
2007 Carstens Ct	0.41mi	3/1.5	1,206 (+14%)	19mo	$95,150	$79	40
2502 Dubose St	0.70mi	3/1.0	1,025 (-4%)	21mo	$50,000	$49	40
1863 St Stephens Ct	0.67mi	3/2.0	1,157 (+9%)	17mo	$80,000	$69	39
2005 Mott Dr W	0.65mi	2/1.0 (-1)	939 (-12%)	13mo	$38,000	$40	31
2001 Diggs Ave	0.59mi	3/1.0	914 (-14%)	20mo	$75,000	$82	29

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

Projected returns pro-forma

4.78% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.6%
• Equity multiple: 2.64×
• Total profit: $39,150
• Equity at exit: $47,021

10-year hold

• IRR: 25.7%
• Equity multiple: 5.25×
• Total profit: $101,041
• Equity at exit: $80,218

Cash invested: $23,800 (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 36617

• Home prices YoY: 3.9%
• Active inventory: 40
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,114 high
• Mortgage (P&I): −$446
• Tax from tax record: −$75 /mo · $895/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $324

Break-even live

Break-even rent $704

Max offer price $85,000

Occupancy floor 66%

Sensitivity live

Price	-10% $372	-5% $348	+0% $324	+5% $300	+10% $276
Rent	-10% $236	-5% $280	+0% $324	+5% $368	+10% $412
Rate	-1.0pp $367	-0.5pp $346	base $324	+0.5pp $302	+1.0pp $280

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
510 Schwartz St Mobile, AL	3.0	2.0	1288	$1,400	$1.09	15d	1	0.84mi
402 Havens St Mobile, AL	4.0	2.0	960	$1,350	$1.41	15d	1	1.18mi
519 Bay Bridge Rd Unit B Prichard, AL	2.0	1.0	1000	$925	$0.93	45d	1	1.22mi
38 Flock Ave Mobile, AL	2.0	1.0	849	$795	$0.94	45d	1	1.26mi
423 Devon Dr Mobile, AL	3.0	1.0	1220	$950	$0.78	45d	1	1.27mi
305 Indian Creek Dr E Unit 1043809P Mobile, AL	3.0	2.5	1496	$3,985	$2.66	15d	1	1.44mi

Listing history 28 events

1. 2026-06-21
   days on market $85,000 Active 121 DOM
2. 2026-06-18
   days on market $85,000 Active 118 DOM
3. 2026-06-17
   days on market $85,000 Active 117 DOM
4. 2026-06-16
   days on market $85,000 Active 116 DOM
5. 2026-06-15
   days on market $85,000 Active 115 DOM
6. 2026-06-14
   days on market $85,000 Active 113 DOM
7. 2026-06-13
   pricedays on market $85,000 Active 112 DOM
8. 2026-06-10
   days on market $90,000 Active 110 DOM
9. 2026-06-09
   days on market $90,000 Active 109 DOM
10. 2026-06-08
    days on market $90,000 Active 108 DOM
11. 2026-06-07
    days on market $90,000 Active 107 DOM
12. 2026-06-05
    days on market $90,000 Active 104 DOM
13. 2026-06-03
    days on market $90,000 Active 103 DOM
14. 2026-06-02
    days on market $90,000 Active 102 DOM
15. 2026-06-01
    days on market $90,000 Active 101 DOM
16. 2026-05-31
    days on market $90,000 Active 100 DOM
17. 2026-05-30
    days on market $90,000 Active 99 DOM
18. 2026-04-28
    historical Active Under Contract
19. 2026-02-13
    status Pending
20. 2026-01-16
    price $90,000
21. 2025-12-08
    listed $95,000 Active
22. 2023-04-11
    soldstatus $70,000
23. 2023-04-02
    soldstatus $70,000 Closed 269-char remark

    Show marketing remark (269 chars)

    Newly remodeled 3 bedroom 2 bathroom single family home, in a quiet cul-de-sac neighborhood that includes washer, dryer, stove and refrigerator. Has ceiling fans in two bedrooms and a living room. Privacy fence in the backyard. Original hardwood floors. Brand new roof.

24. 2023-03-02
    status Pending 269-char remark

    Show marketing remark (269 chars)

    Newly remodeled 3 bedroom 2 bathroom single family home, in a quiet cul-de-sac neighborhood that includes washer, dryer, stove and refrigerator. Has ceiling fans in two bedrooms and a living room. Privacy fence in the backyard. Original hardwood floors. Brand new roof.

25. 2023-02-22
    status Active 269-char remark

    Show marketing remark (269 chars)

    Newly remodeled 3 bedroom 2 bathroom single family home, in a quiet cul-de-sac neighborhood that includes washer, dryer, stove and refrigerator. Has ceiling fans in two bedrooms and a living room. Privacy fence in the backyard. Original hardwood floors. Brand new roof.

26. 2023-02-16
    status Pending 269-char remark

    Show marketing remark (269 chars)

    Newly remodeled 3 bedroom 2 bathroom single family home, in a quiet cul-de-sac neighborhood that includes washer, dryer, stove and refrigerator. Has ceiling fans in two bedrooms and a living room. Privacy fence in the backyard. Original hardwood floors. Brand new roof.

27. 2023-01-19
    listed $79,900 Active 269-char remark

    Show marketing remark (269 chars)

    Newly remodeled 3 bedroom 2 bathroom single family home, in a quiet cul-de-sac neighborhood that includes washer, dryer, stove and refrigerator. Has ceiling fans in two bedrooms and a living room. Privacy fence in the backyard. Original hardwood floors. Brand new roof.

28. 2021-02-23
    soldstatus $26,500 320-char remark

    Show marketing remark (320 chars)

    HANDYMAN SPECIAL! INVESTOR SPECIAL! This single-family home in the Gorgas neighborhood is a solid 3/2 rental and an investor opportunity! This month, make this home YOUR Valentine; show it some love with a few repairs, and get ready to collect rent for years to come! Call about this investment property today!

ⓘ 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: $895 · $75/mo
• Projected year-2 tax: $895 · $75/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 · 20 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: $13,365
• − Mortgage interest: −$4,761
• − Property taxes: −$895
• − Insurance: −$425
• − Repairs & maintenance: −$1,069
• − Management: −$1,069
• − Depreciation: −$2,473
• Taxable income: $2,672
• Est. tax owed @ 24.0%: −$641
• After-tax cash flow: $3,248/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
• City population: 205,729
• Population (ZIP): 11,952

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% White 2%
• 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: ▲ 4.78%
• Current HPI: 128.8377
• 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

+239.6% since first listed

11 events — show timeline

• 2026-04-28 Contingent — GCMLS AL
• 2026-02-13 Pending — GCMLS AL
• 2026-01-16 Price Changed $90,000 GCMLS AL
• 2025-12-08 Listed $95,000 GCMLS AL
• 2023-04-11 Sold (Public Records) $70,000 Public Records
• 2023-04-02 Sold (MLS) $70,000 GCMLS AL
• 2023-03-02 Pending — GCMLS AL
• 2023-02-22 Relisted — GCMLS AL
• 2023-02-16 Pending — GCMLS AL
• 2023-01-19 Listed $79,900 GCMLS AL
• 2021-02-23 Sold (MLS) $26,500 GCMLS AL

Property tax history

+8.4%/yr

Latest (2025): $895 · +4.6% YoY. Source: county tax records.