256 N Pine St · Mobile, AL 36603

$80,000

3 bd · 2.0 ba · 1,605 sqft · SingleFamily public records · 175 Days on market

Built 1964 8,712 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.7/10.0
• 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

single-family home located at 256 N Pine St, Mobile, AL. 256 N Pine St is in the Owens neighborhood in Mobile. This property has 3 large bedrooms and 2 bathrooms and approximately 1,605 sqft of floor space, that contains a large and spacious living room and den. This property was built in 1984. All measurements are appropriate and are to be verified by the buyer. Property is being sold as-is.

Key facts

• Great location
• Blocks from downtown
• 8,712 sq ft lot

Tags

• GREAT LOCATION
• BLOCKS FROM DOWNTOWN

Property features AI

Finance

• Financial info: Has down payment assistance available

Exterior

• Parking: Off-street parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet availability unknown
• Home design: Log home features; Historic register designation; Existing construction
• Construction: Wood siding construction; Crawl space foundation
• Exterior features: Fenced yard; No pool; No deck; No patio; Not waterfront; Lot with approximately 0.2 acres; Not in a flood plain; No notable lot view

Interior

• Kitchen: Stone countertops; Some stainless appliances
• Bedrooms: Multiple bedrooms on main level (bedrooms and sitting area in master noted)
• Flooring: Hardwood floors; Tile floors
• Bathrooms: Two full bathrooms; Master includes a sitting area and tub/shower combo; some bathrooms are shared
• Heating & cooling: Central heating; Central cooling
• Interior features: 9 ft. and higher ceilings; Stone kitchen countertops; Some stainless steel kitchen appliances; One wood-burning fireplace with brick surround located in the den; Has laundry room; No attic
• Laundry & utility: Main-level laundry room; Washer hookup provided; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 24.8% 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: 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.
• Zoned schools: Florence Howard Elementary School (math 2% / reading 22%, grade F, #536 of 627 statewide, top 88%, 488 students, 94% FRL); Calloway Smith Middle School (math 0% / reading 18%, grade F, #235 of 257 statewide, top 93%, 396 students, 96% FRL); John L Leflore Magnet School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 618 students, 84% FRL) — zoned schools average 91% FRL vs 67% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 8% at this address vs 27% district-wide (-19 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: 36 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 47% 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 $2k of equity ($553 loan paydown + $1k appreciation (1.3% 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 (1.3% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 175 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 6y ago; this cycle's ask has dropped $9k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $80k implies a 103% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 175 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — 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. 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.
8. 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.
9. 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: 2.74% ✓
• Cap rate: 24.81%
• Cash-on-cash: 66.14%
• DSCR: 3.94
• GRM: 3.0

CMA / ARV

• ARV (on-the-fly): $179,760
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
401 GASTON St	0.29mi	4/1.5 (+1)	1,600 (-0%)	9mo	$70,000	$44	71
259 Dearborn St N	0.39mi	2/2.0 (-1)	1,564 (-3%)	4mo	$290,000	$185	69
122 Bush Ave	0.47mi	3/1.0	1,587 (-1%)	8mo	$177,000	$112	66
1154 Old Shell Rd	0.34mi	3/1.0	1,473 (-8%)	1mo	$235,000	$160	65
1015 Old Shell Rd	0.31mi	2/2.0 (-1)	1,435 (-11%)	2mo	$250,000	$174	62
1119 Old Shell Rd	0.35mi	3/2.0	1,737 (+8%)	12mo	$163,000	$94	60
612 Hickory St	0.64mi	3/2.0	1,488 (-7%)	4mo	$53,000	$36	55
118 Bush Ave	0.47mi	3/2.0	1,842 (+15%)	2mo	$120,000	$65	52
1216 Pecan St	0.59mi	3/2.0	1,392 (-13%)	4mo	$128,500	$92	47
361 Lexington Ave	0.71mi	3/2.0	1,764 (+10%)	5mo	$60,500	$34	46
125 Bush Ave	0.49mi	3/2.0	1,400 (-13%)	13mo	$174,900	$125	45
32 Blacklawn St	0.67mi	3/2.0	1,410 (-12%)	14mo	$319,000	$226	37

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

Projected returns pro-forma

1.32% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 69.3%
• Equity multiple: 4.63×
• Total profit: $81,391
• Equity at exit: $28,657

10-year hold

• IRR: 70.1%
• Equity multiple: 9.43×
• Total profit: $188,722
• Equity at exit: $39,146

Cash invested: $22,400 (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 36603

• Home prices YoY: 2.8%
• Active inventory: 36
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $2,193 high
• Mortgage (P&I): −$420
• Tax from tax record: −$45 /mo · $544/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$461
• Net cashflow: $1,235

Break-even live

Break-even rent $631

Max offer price $80,000

Occupancy floor 39%

Sensitivity live

Price	-10% $1,280	-5% $1,257	+0% $1,235	+5% $1,212	+10% $1,189
Rent	-10% $1,061	-5% $1,148	+0% $1,235	+5% $1,321	+10% $1,408
Rate	-1.0pp $1,275	-0.5pp $1,255	base $1,235	+0.5pp $1,214	+1.0pp $1,193

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
961 Old Shell Rd Unit A Mobile, AL	3.0	2.5	1600	$1,295	$0.81	46d	1	0.37mi
107 Michael Donald Ave Unit 1043461P Mobile, AL	4.0	3.5	2195	$3,962	$1.81	16d	1	0.39mi
1321 SpringHill Ave Unit B Mobile, AL	2.0	1.0	2006	$950	$0.47	46d	1	0.50mi
57 N Ann St Unit 1043453P Mobile, AL	2.0	2.0	1065	$2,015	$1.89	23d	1	0.51mi
1141 Montauk Ave Unit 1043864P Mobile, AL	3.0	2.0	1420	$2,741	$1.93	16d	1	0.72mi
412 Dauphin St Mobile, AL	2.0	1.0–2.5	1553	$2,350	$1.51	16d	2	0.75mi
957 Savannah St Mobile, AL	2.0	1.5	1054	$1,400	$1.33	23d	1	0.96mi
1566 Dauphin St Unit Back Carriage House Mobile, AL	3.0	1.0	1300	$1,200	$0.92	46d	1	1.06mi
500 Palmetto St Mobile, AL	3.0	2.0	1786	$1,450	$0.81	46d	1	1.11mi
84 S Lafayette St Unit 1043577P Mobile, AL	3.0	2.0	1496	$3,116	$2.08	16d	1	1.14mi
1417 Monroe St Mobile, AL	2.0	1.0	1064	$1,350	$1.27	46d	1	1.22mi
107 Macy Pl Mobile, AL	3.0	2.0	1800	$2,250	$1.25	46d	1	1.24mi
1704 McGill Ave Unit B Mobile, AL	3.0	2.5	1500	$1,750	$1.17	46d	1	1.34mi
1660 Laurel St Mobile, AL	3.0	2.0	1768	$2,200	$1.24	16d	1	1.42mi
305 Indian Creek Dr E Unit 1043809P Mobile, AL	3.0	2.5	1496	$3,985	$2.66	16d	1	1.43mi
129 Shell Road Pl Unit 1043713P Mobile, AL	4.0	2.0	1496	$3,389	$2.27	23d	1	1.45mi
711 Marine St Mobile, AL	2.0	1.0	1100	$1,150	$1.05	46d	1	1.48mi

Listing history 35 events

1. 2026-06-23
   days on market $80,000 Active 175 DOM
2. 2026-06-21
   days on market $80,000 Active 174 DOM
3. 2026-06-18
   days on market $80,000 Active 171 DOM
4. 2026-06-17
   days on market $80,000 Active 170 DOM
5. 2026-06-16
   days on market $80,000 Active 169 DOM
6. 2026-06-15
   price $80,000 Active 168 DOM
7. 2026-06-15
   days on market $84,900 Active 168 DOM
8. 2026-06-14
   days on market $84,900 Active 166 DOM
9. 2026-06-13
   days on market $84,900 Active 165 DOM
10. 2026-06-10
    days on market $84,900 Active 163 DOM
11. 2026-06-09
    days on market $84,900 Active 162 DOM
12. 2026-06-08
    days on market $84,900 Active 161 DOM
13. 2026-06-07
    days on market $84,900 Active 160 DOM
14. 2026-06-05
    days on market $84,900 Active 157 DOM
15. 2026-06-03
    days on market $84,900 Active 156 DOM
16. 2026-06-02
    days on market $84,900 Active 155 DOM
17. 2026-06-01
    days on market $84,900 Active 154 DOM
18. 2026-05-31
    days on market $84,900 Active 153 DOM
19. 2026-05-30
    days on market $84,900 Active 152 DOM
20. 2026-05-21
    status Active
21. 2026-04-20
    historical Contingent
22. 2026-02-07
    price $84,900
23. 2026-02-06
    status Active
24. 2026-01-28
    historical Contingent
25. 2025-12-29
    listed $89,000 Active
26. 2024-12-09
    status Active
27. 2024-12-02
    status Pending
28. 2024-09-16
    status Active
29. 2024-08-29
    historical Active Under Contract
30. 2024-08-19
    status Pending
31. 2024-07-08
    status Active
32. 2024-06-19
    status Pending
33. 2024-05-13
    listed $115,000 Active
34. 2020-06-12
    soldstatus $39,500 396-char remark

    Show marketing remark (396 chars)

    single-family home located at 256 N Pine St, Mobile, AL. 256 N Pine St is in the Owens neighborhood in Mobile. This property has 3 large bedrooms and 2 bathrooms and approximately 1,605 sqft of floor space, that contains a large and spacious living room and den. This property was built in 1984. All measurements are appropriate and are to be verified by the buyer. Property is being sold as-is.

35. 2020-05-07
    listed $39,500 396-char remark

    Show marketing remark (396 chars)

    single-family home located at 256 N Pine St, Mobile, AL. 256 N Pine St is in the Owens neighborhood in Mobile. This property has 3 large bedrooms and 2 bathrooms and approximately 1,605 sqft of floor space, that contains a large and spacious living room and den. This property was built in 1984. All measurements are appropriate and are to be verified by the buyer. Property is being sold as-is.

ⓘ 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: $544 · $45/mo
• Projected year-2 tax: $544 · $45/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 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 22 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: $26,320
• − Mortgage interest: −$4,481
• − Property taxes: −$544
• − Insurance: −$400
• − Repairs & maintenance: −$2,106
• − Management: −$2,106
• − Depreciation: −$2,327
• Taxable income: $14,356
• Est. tax owed @ 24.0%: −$3,446
• After-tax cash flow: $11,369/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): 7,805

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 (85%)
• Race & ethnicity: Black 85% White 12% Two or more races 1% Hispanic / Latino 1%
• Common ancestry: Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 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: ▲ 1.32%
• Current HPI: 48.9551
• 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

+114.9% since first listed

16 events — show timeline

• 2026-05-21 Relisted — Greater Alabama MLS
• 2026-04-20 Contingent — Greater Alabama MLS
• 2026-02-07 Price Changed $84,900 Greater Alabama MLS
• 2026-02-06 Relisted — Greater Alabama MLS
• 2026-01-28 Contingent — Greater Alabama MLS
• 2025-12-29 Listed $89,000 Greater Alabama MLS
• 2024-12-09 Relisted — BCAR
• 2024-12-02 Pending — BCAR
• 2024-09-16 Relisted — BCAR
• 2024-08-29 Contingent — BCAR
• 2024-08-19 Pending — BCAR
• 2024-07-08 Relisted — BCAR
• 2024-06-19 Pending — BCAR
• 2024-05-13 Listed $115,000 BCAR
• 2020-06-12 Sold (MLS) $39,500 BCAR
• 2020-05-07 Listed $39,500 BCAR

Property tax history

+2.4%/yr

Latest (2025): $544 · +7.0% YoY. Source: county tax records.