570 Clarke St · Mobile, AL 36606

$58,000

2 bd · 1.0 ba · 884 sqft · SingleFamily public records · 266 Days on market

Built 1981 6,159 sqft lot $66/sqft · at area comps Est $58k · at est. ↓ 41% since listing

---

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

Listing remarks MLS

Great opportunity for an investment property. This home offers a newer roof, nicely sized bedrooms, and a spacious fenced backyard. With a little TLC, it has excellent potential. Schedule your showing today. Buyer/Buyer's agent to verify all measurements and information deemed necessary.

Key facts

• Newer roof
• 6,159 sq ft lot
• Listed 266 days

Tags

• NEWER ROOF
• SPACIOUS FENCED BACKYARD

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $58k.

Deal economics

• At list price, monthly cash flow is $487 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $58k).
• Recommended offer: $51k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.4% 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: Rents rising fast (+5.1%/yr); 174 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 $401 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 5.1% rent growth), your $16k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 266 days — a 12% lower offer ($51k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $32k (36%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $58k implies a 190% gain — meaningful room to come down on a strong offer.

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 $51,040 (12.0% below list)

Questions for the listing agent

1. It's been on market 266 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: 1.83% ✓
• Cap rate: 16.36%
• Cash-on-cash: 35.96%
• DSCR: 2.60
• GRM: 4.6

CMA / ARV

• ARV (median comp): $57,983
• List price: $58,000
• Delta: 0.03%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
419 Crenshaw St	0.12mi	3/1.0 (+1)	872 (-1%)	3mo	$36,000	$41	85
702 Glenwood St	0.26mi	2/1.0	889 (+1%)	7mo	$40,000	$45	81
559 Westwood St	0.15mi	2/1.0	968 (+10%)	3mo	$37,000	$38	75
460 Pinehill Dr	0.33mi	3/1.0 (+1)	864 (-2%)	3mo	$51,500	$60	74
731 Jemison St	0.45mi	2/1.0	951 (+8%)	2mo	$75,531	$79	65
2067 Victory Ct	0.67mi	2/1.0	846 (-4%)	5mo	$44,500	$53	57
2565 Kreitner St	0.67mi	2/1.0	915 (+4%)	8mo	$149,999	$164	56
169 Morgan Ave	0.69mi	2/1.0	830 (-6%)	2mo	$115,000	$139	56
216 Pinehill Dr	0.64mi	2/1.0	831 (-6%)	5mo	$168,500	$203	56
167 Crenshaw St	0.69mi	2/1.0	946 (+7%)	4mo	$213,500	$226	53
2063 Victory Dr E	0.73mi	2/1.0	849 (-4%)	9mo	$107,000	$126	52
753 Shannon St	0.71mi	3/1.0 (+1)	984 (+11%)	7mo	$85,000	$86	37

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

Projected returns pro-forma

-3.0% appreciation · 5.06% rent growth · sell at horizon

5-year hold

• IRR: 33.8%
• Equity multiple: 2.47×
• Total profit: $23,827
• Equity at exit: $8,648

10-year hold

• IRR: 41.8%
• Equity multiple: 5.32×
• Total profit: $70,198
• Equity at exit: $5,015

Cash invested: $16,240 (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 36606

• Rents YoY: 5.1%
• Active inventory: 174
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,060 high
• Mortgage (P&I): −$304
• Tax from tax record: −$22 /mo · $265/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $487

Break-even live

Break-even rent $444

Max offer price $58,000

Occupancy floor 49%

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: $14,500
• Closing costs: $1,740
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
562 Clarke St Mobile, AL	2.0	1.0	1061	$1,025	$0.97	43d	1	0.03mi
400 Westwood St Mobile, AL	1.0–2.0	1.0	750	$1,005	$1.34	43d	1	0.23mi
728 Bankhead Pl Mobile, AL	2.0	1.0	810	$675	$0.83	43d	1	0.36mi
767 Jemison St Mobile, AL	2.0	1.0	850	$750	$0.88	43d	1	0.54mi
2008 W Victory Dr Mobile, AL	3.0	1.0	1011	$1,200	$1.19	43d	1	0.58mi
2503 Richard Ave Mobile, AL	2.0	1.0	928	$805	$0.87	13d	1	0.77mi
900 Courtney St Mobile, AL	2.0	1.0	1020	$1,200	$1.18	43d	1	0.79mi
2656 Pathway Pl Mobile, AL	2.0–3.0	1.0	778	$949	$1.22	13d	9	0.81mi
2500 Taylor Ave Mobile, AL	2.0	1.0	840	$1,195	$1.42	43d	1	0.83mi
104 Ellinor St Mobile, AL	2.0	1.0	896	$1,275	$1.42	21d	1	0.88mi
2161 Homewood St Unit B Mobile, AL	1.0	1.0	600	$1,295	$2.16	21d	1	0.93mi
442 Cottage Hill Rd Unit 13 Mobile, AL	1.0	1.0	637	$860	$1.35	43d	1	1.04mi
461 Magnolia Rd Unit A Mobile, AL	2.0	1.0	989	$825	$0.83	43d	1	1.07mi
250 Tuttle Ave Unit B Mobile, AL	1.0	1.0	928	$1,100	$1.19	43d	1	1.22mi
168 W Collins St Mobile, AL	3.0	1.0	968	$725	$0.75	21d	1	1.23mi
2859 Brierwood Dr Mobile, AL	3.0	1.0	1057	$1,500	$1.42	13d	1	1.26mi
2425 Nortons Ln Unit D Mobile, AL	2.0	1.0	1050	$1,100	$1.05	13d	1	1.33mi
2425 Nortons Ln Unit C Mobile, AL	2.0	1.0	1050	$1,200	$1.14	43d	1	1.33mi
2604 Dauphin St #210 Mobile, AL	2.0	1.0	950	$1,150	$1.21	21d	1	1.35mi
2604 Dauphin St Mobile, AL	2.0	1.0	950	$1,072	$1.13	43d	2	1.35mi
2904 Pleasant Valley Rd Mobile, AL	2.0	1.0	815	$899	$1.10	43d	1	1.36mi
2901 Pleasant Valley Rd Mobile, AL	1.0	1.0	578	$775	$1.34	43d	1	1.38mi
957 Navco Rd Mobile, AL	2.0	1.5	812	$850	$1.05	21d	1	1.39mi
111 S Catherine St Mobile, AL	2.0	1.0	891	$899	$1.01	43d	1	1.40mi
751 Farnell Ln Mobile, AL	2.0	1.0	1100	$1,400	$1.27	43d	1	1.41mi
1417 Monroe St Mobile, AL	2.0	1.0	1064	$1,350	$1.27	43d	1	1.43mi
276 S Sage Ave Mobile, AL	1.0–2.0	1.0	850	$1,055	$1.24	43d	1	1.45mi

Listing history 26 events

1. 2026-06-18
   days on market $58,000 Active 266 DOM
2. 2026-06-17
   days on market $58,000 Active 265 DOM
3. 2026-06-16
   days on market $58,000 Active 264 DOM
4. 2026-06-15
   days on market $58,000 Active 263 DOM
5. 2026-06-14
   days on market $58,000 Active 261 DOM
6. 2026-06-13
   days on market $58,000 Active 260 DOM
7. 2026-06-10
   days on market $58,000 Active 258 DOM
8. 2026-06-09
   days on market $58,000 Active 257 DOM
9. 2026-06-08
   days on market $58,000 Active 256 DOM
10. 2026-06-07
    days on market $58,000 Active 255 DOM
11. 2026-06-05
    days on market $58,000 Active 252 DOM
12. 2026-06-03
    days on market $58,000 Active 251 DOM
13. 2026-06-02
    days on market $58,000 Active 250 DOM
14. 2026-06-01
    days on market $58,000 Active 249 DOM
15. 2026-05-31
    days on market $58,000 Active 248 DOM
16. 2026-05-30
    days on market $58,000 Active 247 DOM
17. 2026-05-04
    status Active 288-char remark

    Show marketing remark (288 chars)

    Great opportunity for an investment property. This home offers a newer roof, nicely sized bedrooms, and a spacious fenced backyard. With a little TLC, it has excellent potential. Schedule your showing today. Buyer/Buyer's agent to verify all measurements and information deemed necessary.

18. 2026-04-14
    status Pending 288-char remark

    Show marketing remark (288 chars)

    Great opportunity for an investment property. This home offers a newer roof, nicely sized bedrooms, and a spacious fenced backyard. With a little TLC, it has excellent potential. Schedule your showing today. Buyer/Buyer's agent to verify all measurements and information deemed necessary.

19. 2026-04-01
    status Active 288-char remark

    Show marketing remark (288 chars)

    Great opportunity for an investment property. This home offers a newer roof, nicely sized bedrooms, and a spacious fenced backyard. With a little TLC, it has excellent potential. Schedule your showing today. Buyer/Buyer's agent to verify all measurements and information deemed necessary.

20. 2026-03-24
    status Pending 288-char remark

    Show marketing remark (288 chars)

    Great opportunity for an investment property. This home offers a newer roof, nicely sized bedrooms, and a spacious fenced backyard. With a little TLC, it has excellent potential. Schedule your showing today. Buyer/Buyer's agent to verify all measurements and information deemed necessary.

21. 2026-02-27
    price $58,000 288-char remark

    Show marketing remark (288 chars)

    Great opportunity for an investment property. This home offers a newer roof, nicely sized bedrooms, and a spacious fenced backyard. With a little TLC, it has excellent potential. Schedule your showing today. Buyer/Buyer's agent to verify all measurements and information deemed necessary.

22. 2025-11-06
    price $85,000 288-char remark

    Show marketing remark (288 chars)

    Great opportunity for an investment property. This home offers a newer roof, nicely sized bedrooms, and a spacious fenced backyard. With a little TLC, it has excellent potential. Schedule your showing today. Buyer/Buyer's agent to verify all measurements and information deemed necessary.

23. 2025-08-28
    listed $90,000 Active 288-char remark

    Show marketing remark (288 chars)

    Great opportunity for an investment property. This home offers a newer roof, nicely sized bedrooms, and a spacious fenced backyard. With a little TLC, it has excellent potential. Schedule your showing today. Buyer/Buyer's agent to verify all measurements and information deemed necessary.

24. 2014-04-15
    soldstatus $20,000
25. 2014-02-20
    soldstatus $60,550
26. 2009-09-24
    soldstatus $97,500

ⓘ 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: $265 · $22/mo
• Projected year-2 tax: $265 · $22/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 ≥105°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: $12,716
• − Mortgage interest: −$3,249
• − Property taxes: −$265
• − Insurance: −$290
• − Repairs & maintenance: −$1,017
• − Management: −$1,017
• − Depreciation: −$1,687
• Taxable income: $5,190
• Est. tax owed @ 24.0%: −$1,246
• After-tax cash flow: $4,595/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): 18,728
• Household income: $51,303
• Rent vs Own: 51.3% rent · 48.7% own
• Severe rent burden: 999.0

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: Majority Black (56%)
• Race & ethnicity: Black 56% White 37% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Italian 2% Scottish 2% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -232.19%
• Current HPI: 145.9025
• Rent YoY: ▲ 5.06%
• 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

-40.5% since first listed

10 events — show timeline

• 2026-05-04 Relisted — GCMLS AL
• 2026-04-14 Pending — GCMLS AL
• 2026-04-01 Relisted — GCMLS AL
• 2026-03-24 Pending — GCMLS AL
• 2026-02-27 Price Changed $58,000 GCMLS AL
• 2025-11-06 Price Changed $85,000 GCMLS AL
• 2025-08-28 Listed $90,000 GCMLS AL
• 2014-04-15 Sold (Public Records) $20,000 Public Records
• 2014-02-20 Sold (Public Records) $60,550 Public Records
• 2009-09-24 Sold (Public Records) $97,500 Public Records

Property tax history

+0.7%/yr

Latest (2025): $265 · +6.6% YoY. Source: county tax records.