5417 Windmill Dr · Mobile, AL 36693

$145,000

3 bd · 1.0 ba · 1,187 sqft · SingleFamily public records · 1 Days on market

Built 1957 0.45 ac lot Est $145k · at est.

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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 +24.4/30.0
• DSCR +7.9/10.0
• ARV discount +7.4/15.0
• 1% rule +5.3/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this sweet West Mobile cottage where mature shade trees, wild blueberries, and a fully fenced corner lot make every day feel like a retreat from the ordinary. Pull up to the beautifully landscaped front yard, separately fenced and full of curb appeal that'll turn heads before you even step inside. The covered two-car carport and a durable metal roof mean less to worry about and more to enjoy - and the added bonus? There is NO HOA here, you make the rules here! The spacious, fully and separately fenced backyard is a blank canvas just waiting for your vision — raised beds, a fire pit, a swing set, storage or all of the above. Inside there are beautiful original hardwood floors, updated bathroom, fresh paint, extra large gas Chef's stove for cooking all those gourmet meals, and beautiful window views that feature tons a fresh lighting in a crisp neutral space. Location? Practically perfect. Nestled in central West Mobile neighborhood, you're just moments from a community playground, top schools, everyday shopping, and quick interstate access — all without sacrificing the peace, budget, or the quaintness of your own private corner of the world. Buyer to verify all information during due diligence.

Key facts

• Durable metal roof
• 0.45 acre lot
• 4 parking spots

Tags

• FULLY FENCED CORNER LOT
• LANDSCAPED FRONT YARD
• COVERED TWO-CAR CARPORT
• DURABLE METAL ROOF
• SPACIOUS FULLY FENCED BACKYARD
• ORIGINAL HARDWOOD FLOORS

Property features AI

Finance

• HOA & community: Community playground; No transfer fee

Exterior

• Parking: Double carport (2 covered spaces); 4 total parking spaces
• Utilities: Mobile gas service; Electric service by Alabama Power; Public utilities (water/sewer not specified)
• Home design: Single-family residence; One story; Resale property
• Construction: Hardboard exterior; Metal roof; Pillar/post/pier foundation; Built as seller-reported square footage (1187)
• Exterior features: Termite contract; Cross fenced yard; Fenced yard; Front porch; No waterfront

Interior

• Kitchen: Dishwasher; Gas range
• Flooring: Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Floor furnace heating; Central electric cooling
• Interior features: Living room; Ceiling fan(s); No fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $295 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $145k).
• Cap rate 8.7% 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 flat; 142 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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 $1k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 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 1957 — 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 $145,000

Questions for the listing agent

1. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 8.74%
• Cash-on-cash: 8.73%
• DSCR: 1.39
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $144,814
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2309 East Rd	0.31mi	3/1.0	1,272 (+7%)	14mo	$115,131	$91	62
1005 Oakland Dr	0.72mi	2/1.0 (-1)	1,188 (+0%)	0mo	$145,000	$122	61
5032 Brookfield Dr N	0.42mi	3/1.5	1,336 (+13%)	1mo	$185,000	$138	56
2708 East Rd	0.29mi	3/2.0	1,279 (+8%)	19mo	$136,000	$106	54
2120 Panorama Dr	0.64mi	3/2.0	1,343 (+13%)	2mo	$207,500	$155	42
784 Oakland Dr	0.67mi	3/1.0	1,106 (-7%)	22mo	$157,000	$142	39
2359 Demetropolis Rd	0.67mi	4/1.5 (+1)	1,344 (+13%)	2mo	$78,000	$58	38

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 · 0.24% rent growth · sell at horizon

5-year hold

• IRR: -6.0%
• Equity multiple: 0.78×
• Total profit: $-8,772
• Equity at exit: $21,620

10-year hold

• IRR: 0.3%
• Equity multiple: 1.02×
• Total profit: $712
• Equity at exit: $12,537

Cash invested: $40,600 (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 36693

• Home prices YoY: -28.1%
• Rents YoY: 0.2%
• Active inventory: 142
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,493 high
• Mortgage (P&I): −$760
• Tax from tax record: −$63 /mo · $757/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $295

Break-even live

Break-even rent $1,119

Max offer price $145,000

Occupancy floor 75%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4242 Marmora Dr Mobile, AL	3.0	1.5	1053	$1,500	$1.42	44d	1	1.01mi
4273 Vega Dr Mobile, AL	3.0	1.5	1300	$1,600	$1.23	44d	1	1.05mi
4213 Malibar Dr Mobile, AL	3.0	1.0	1100	$1,458	$1.33	21d	1	1.10mi
4077 Lancewood Dr S Mobile, AL	4.0	1.0	1283	$1,600	$1.25	44d	1	1.23mi
654 Ynestra Dr Mobile, AL	3.0	1.5	1134	$1,300	$1.15	13d	1	1.23mi
4161 Rebecca Rd Mobile, AL	3.0	1.0	1214	$1,500	$1.24	13d	1	1.31mi
6260 Sarasota Dr Mobile, AL	3.0	1.0	1090	$1,200	$1.10	44d	1	1.38mi
1651 Knollwood Dr Mobile, AL	1.0–2.0	1.0–2.0	835	$1,247	$1.49	13d	16	1.41mi
552 Tamworth Ct Mobile, AL	3.0	1.0	1100	$1,450	$1.32	44d	1	1.42mi
550 Tamworth Ct Mobile, AL	3.0	1.0	1000	$1,295	$1.29	44d	1	1.44mi
4950 Government Blvd Mobile, AL	1.0–4.0	1.0–2.5	1225	$1,321	$1.08	13d	7	1.45mi

Listing history 6 events

1. 2026-05-31
   status $145,000 Pending 1 DOM
2. 2026-05-29
   listed $145,000 Active 1240-char remark

   Show marketing remark (1240 chars)

   Welcome home to this sweet West Mobile cottage where mature shade trees, wild blueberries, and a fully fenced corner lot make every day feel like a retreat from the ordinary. Pull up to the beautifully landscaped front yard, separately fenced and full of curb appeal that'll turn heads before you even step inside. The covered two-car carport and a durable metal roof mean less to worry about and more to enjoy - and the added bonus? There is NO HOA here, you make the rules here! The spacious, fully and separately fenced backyard is a blank canvas just waiting for your vision — raised beds, a fire pit, a swing set, storage or all of the above. Inside there are beautiful original hardwood floors, updated bathroom, fresh paint, extra large gas Chef's stove for cooking all those gourmet meals, and beautiful window views that feature tons a fresh lighting in a crisp neutral space. Location? Practically perfect. Nestled in central West Mobile neighborhood, you're just moments from a community playground, top schools, everyday shopping, and quick interstate access — all without sacrificing the peace, budget, or the quaintness of your own private corner of the world. Buyer to verify all information during due diligence.

3. 2026-05-29
   listed $145,000 Active

   Show marketing remark (1240 chars)

   Welcome home to this sweet West Mobile cottage where mature shade trees, wild blueberries, and a fully fenced corner lot make every day feel like a retreat from the ordinary. Pull up to the beautifully landscaped front yard, separately fenced and full of curb appeal that'll turn heads before you even step inside. The covered two-car carport and a durable metal roof mean less to worry about and more to enjoy - and the added bonus? There is NO HOA here, you make the rules here! The spacious, fully and separately fenced backyard is a blank canvas just waiting for your vision — raised beds, a fire pit, a swing set, storage or all of the above. Inside there are beautiful original hardwood floors, updated bathroom, fresh paint, extra large gas Chef's stove for cooking all those gourmet meals, and beautiful window views that feature tons a fresh lighting in a crisp neutral space. Location? Practically perfect. Nestled in central West Mobile neighborhood, you're just moments from a community playground, top schools, everyday shopping, and quick interstate access — all without sacrificing the peace, budget, or the quaintness of your own private corner of the world. Buyer to verify all information during due diligence.

4. 2021-03-24
   soldstatus $135,000
5. 2021-03-09
   soldstatus $135,000 1642-char remark

   Show marketing remark (1642 chars)

   **VRM:Seller will entertain offers between $115,000- $130,000. This precious West Mobile Cottage sits on a spacious Corner Lot, with beautiful New Landscaping in the front yard and a Large Fully Fenced Backyard! As well as an ATTACHED 2 -Car, COVERED CARPORT with covered, side entry. This LOCATION is key!! Located Merely minutes from Tons of local shopping, restaurants, Schools, & Parks. This home features easily maintained VINYL SIDING & A METAL ROOF! The front porch has been freshly painted & NEW RAILINGS INSTALLED (2020). On the interior you'll find UPDATED LIGHT FIXTURES throughout, neutral, *NEW FRESH PAINT on the walls and Beautiful ORIGINAL HARDWOOD FLOORS throughout with Title & vinyl in the Kitchen & bathroom!! You'll fall in love with the Beautifully renovated, COMPLETELY REMODELED BATHROOM- Featuring gorgeous *NEW (2020) -BATHROOM TILE, TOILET, VANITY, MIRROR & LIGHT FIXTURES!! The UPDATED KITCHEN features STAINLESS STEAL appliances - Dishwasher, *NEW FARMHOUSE SINK + *NEW GAS STOVE (2018). There are *BRAND NEW CEILING FANS in each Bedroom & ALL POPCORN HAS BEEN REMOVED! Enjoy tons of natural light here, with the ALL NEW ENERGY EFFICIENT WINDOWS (2018) & wooden blinds throughout. This one has so much to offer & IT WILL NOT LAST LONG!! Contact your favorite realtor today to schedule your private showing. The outdoor swing & the wooden rolling rack in the kitchen are negotiable items that may convey with an acceptable offer. All updates per seller. Listing agent makes no representation to the accuracy of Square Footage and/or Acreage, Buyer and Buyers agent to verify

6. 2013-04-03
   soldstatus $68,650

ⓘ 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: $757 · $63/mo
• Projected year-2 tax: $757 · $63/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 · 21 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: $17,912
• − Mortgage interest: −$8,122
• − Property taxes: −$757
• − Insurance: −$725
• − Repairs & maintenance: −$1,433
• − Management: −$1,433
• − Depreciation: −$4,218
• Taxable income: $1,224
• Est. tax owed @ 24.0%: −$294
• After-tax cash flow: $3,250/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): 18,726
• Household income: $68,933
• Rent vs Own: 30.1% rent · 69.9% own
• Severe rent burden: 498.0

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 White (65%)
• Race & ethnicity: White 65% Black 23% Hispanic / Latino 5% Asian 4% Two or more races 4%
• Common ancestry: Slovak 4% Italian 3% Serbian 2%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 90% English-only · Spanish 4% Tagalog/Filipino 2% Vietnamese 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: ▼ -71.22%
• Current HPI: 182.6406
• Rent YoY: ▲ 0.24%
• 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

+111.2% since first listed

5 events — show timeline

• 2026-05-29 Listed $145,000 GCMLS AL
• 2026-05-29 Listed $145,000 BCAR
• 2021-03-24 Sold (Public Records) $135,000 Public Records
• 2021-03-09 Sold (MLS) $135,000 GCMLS AL
• 2013-04-03 Sold (Public Records) $68,650 Public Records

Property tax history

-1.3%/yr

Latest (2025): $757 · +4.4% YoY. Source: county tax records.