1715 Alee Dr · Mobile, AL 36605

$129,900

3 bd · 1.0 ba · 1,232 sqft · SingleFamily public records · 30 Days on market

Built 1965 7,862 sqft lot Est $91k · 42% over

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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 +18.8/30.0
• DSCR +5.9/10.0
• Rent growth +4.6/5.0
• 1% rule +4.4/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This newly remodeled 4 bedroom 1 bath brick home is conveniently located minutes from Costco and Best Buy. New Roof, New wood plank LVP flooring throughout. New kitchen cabinets and butcher block countertops with stainless appliances. New kitchen sink and faucet and new bath vanity and faucet. All new light fixtures throughout. Large concrete patio out back in fenced yard. Home is adjacent to Howard Johnson Park with easy access to walking track. Move in ready! Owner is a licensed Broker in the State of Alabama.

Key facts

• Hvac system replaced
• New water heater
• Modern kitchen

Tags

• TURNKEY INVESTMENT OPPORTUNITY
• WELL MAINTAINED PROPERTY
• MODERN KITCHEN
• RECENTLY REPLACED ROOF
• HVAC SYSTEM REPLACED
• NEW WATER HEATER

Property features AI

Finance

• Other: Lot not waterfront; Property has a view; Located in Gulf Haven subdivision; Address: 1715 Alee Dr, Mobile, AL 36605

Exterior

• Parking: Driveway
• Utilities: Public sewer; Electric utility not specified; Other utilities not specified
• Home design: Single family residence; Residential property
• Construction: Brick 4 sides construction; Shingle roof; Built in 1965; Slab foundation
• Exterior features: No exterior features specified; No fencing

Interior

• Kitchen: Dishwasher
• Bedrooms: 3 bedrooms
• Flooring: No flooring specified
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Other

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $130 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $122k (6.5% below list).
• Recommended offer: $122k (6.5% below list) — sets the bar for 1% rule.
• Cap rate 7.5% 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: Lillie B Williamson High School (math 2% / reading 12%, grade F, #273 of 305 statewide, top 89%, 956 students, 94% FRL) — zoned schools average 94% FRL vs 67% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 7% at this address vs 27% district-wide (-20 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+8.3%/yr); 139 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).
• This rent runs 33% of the median local income ($44k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $36k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $95k; 37% 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 $121,502 (6.5% below list)

Questions for the listing agent

1. Built in 1965 — 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. 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?
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: 0.94% ✗
• Cap rate: 7.50%
• Cash-on-cash: 4.30%
• DSCR: 1.19
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $91,168
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2707 Faure Dr S	0.24mi	4/1.0 (+1)	1,244 (+1%)	1mo	$93,000	$75	81
1609 Darwood Dr	0.51mi	3/1.0	1,248 (+1%)	2mo	$76,000	$61	72
2602 Cheshire Dr S	0.28mi	3/2.0	1,252 (+2%)	12mo	$153,000	$122	70
1607 Faure Dr E	0.44mi	4/1.0 (+1)	1,288 (+4%)	1mo	$85,000	$66	66
1614 Penicault Dr	0.26mi	3/1.0	1,068 (-13%)	2mo	$80,000	$75	64
2606 Eldorado Dr	0.38mi	3/1.5	1,131 (-8%)	11mo	$75,000	$66	58
1663 Darwood Dr	0.30mi	4/1.5 (+1)	1,350 (+10%)	11mo	$95,000	$70	54
1611 Darwood Dr	0.50mi	4/1.5 (+1)	1,148 (-7%)	5mo	$112,500	$98	54
2653 Morningside Dr	0.75mi	3/1.5	1,216 (-1%)	12mo	$90,313	$74	51
2518 Greenlawn Dr	0.66mi	3/1.0	1,120 (-9%)	6mo	$60,000	$54	49
2517 N Pineway Dr	0.69mi	3/1.0	1,073 (-13%)	13mo	$30,000	$28	35
1520 Devonshire Dr	0.64mi	4/1.5 (+1)	1,400 (+14%)	14mo	$175,000	$125	29

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -4.5%
• Equity multiple: 0.83×
• Total profit: $-6,350
• Equity at exit: $19,369

10-year hold

• IRR: 10.0%
• Equity multiple: 1.94×
• Total profit: $34,289
• Equity at exit: $11,231

Cash invested: $36,372 (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 36605

• Rents YoY: 8.3%
• Active inventory: 139
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,215 high
• Mortgage (P&I): −$681
• Tax from tax record: −$94 /mo · $1,130/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $130

Break-even live

Break-even rent $1,050

Max offer price $129,900

Occupancy floor 84%

Sensitivity live

Price	-10% $204	-5% $167	+0% $130	+5% $94	+10% $57
Rent	-10% $34	-5% $82	+0% $130	+5% $178	+10% $226
Rate	-1.0pp $196	-0.5pp $163	base $130	+0.5pp $97	+1.0pp $62

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1466 Darwood Dr Mobile, AL	3.0	1.5	1053	$1,400	$1.33	44d	1	0.67mi
1411 Greenbrier Dr Mobile, AL	3.0	1.0	1069	$995	$0.93	44d	1	0.82mi
1506 Flowers Dr Unit B Mobile, AL	2.0	1.0	1000	$795	$0.80	22d	1	0.85mi
2359 Vermillion Dr Mobile, AL	3.0	1.0	1064	$895	$0.84	22d	1	0.88mi
2366 White St Unit B Mobile, AL	2.0	1.0	900	$845	$0.94	44d	1	1.06mi
2456 McLaughlin Dr Mobile, AL	3.0	1.0	1405	$1,300	$0.93	44d	1	1.08mi
207 Riverbend Dr #207 Mobile, AL	2.0	1.0	843	$1,150	$1.36	44d	1	1.16mi
1302 Navco Rd Mobile, AL	2.0	1.0	1009	$935	$0.93	14d	13	1.29mi

Listing history 7 events

1. 2026-04-29
   status Pending
2. 2026-04-16
   price $129,900
3. 2026-03-30
   listed $134,900 Active
4. 2025-07-09
   price $119,900
5. 2025-03-19
   price $124,900
6. 2022-09-19
   soldstatus $95,000 517-char remark

   Show marketing remark (517 chars)

   This newly remodeled 4 bedroom 1 bath brick home is conveniently located minutes from Costco and Best Buy. New Roof, New wood plank LVP flooring throughout. New kitchen cabinets and butcher block countertops with stainless appliances. New kitchen sink and faucet and new bath vanity and faucet. All new light fixtures throughout. Large concrete patio out back in fenced yard. Home is adjacent to Howard Johnson Park with easy access to walking track. Move in ready! Owner is a licensed Broker in the State of Alabama.

7. 2022-04-14
   soldstatus $36,100

ⓘ 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: $1,130 · $94/mo
• Projected year-2 tax: $1,130 · $94/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 4/10 Moderate
• 🌡 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: $14,580
• − Mortgage interest: −$7,276
• − Property taxes: −$1,130
• − Insurance: −$650
• − Repairs & maintenance: −$1,166
• − Management: −$1,166
• − Depreciation: −$3,779
• Taxable loss: −$588
• Est. tax savings @ 24.0%: +$141
• After-tax cash flow: $1,705/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): 25,104
• Household income: $43,538
• Rent vs Own: 46.3% rent · 53.7% own
• Severe rent burden: 1521.0

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 Black (67%)
• Race & ethnicity: Black 67% White 27% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Lithuanian 3% Slovak 2% Iranian 1%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -96.46%
• Current HPI: 125.9526
• Rent YoY: ▲ 8.26%
• 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

+259.8% since first listed

7 events — show timeline

• 2026-04-29 Pending — GCMLS AL
• 2026-04-16 Price Changed $129,900 GCMLS AL
• 2026-03-30 Listed $134,900 GCMLS AL
• 2025-07-09 Price Changed $119,900 GCMLS AL
• 2025-03-19 Price Changed $124,900 GCMLS AL
• 2022-09-19 Sold (MLS) $95,000 GCMLS AL
• 2022-04-14 Sold (MLS) $36,100 GCMLS AL

Property tax history

+13.9%/yr

Latest (2025): $1,130 · -9.0% YoY. Source: county tax records.