14165 River Oaks Dr Unit A & B · Bayou La Batre, AL 36523

$229,000

4 bd · 3.0 ba · 1,890 sqft · MultiFamily · 248 Days on market

Built 2005 Good condition 0.49 ac 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
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.8/10.0
• Condition / age +3.8/5.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Schools +2.3/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 2 units. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

BAYOU SHORES-does it get more peaceful sounding than that?! If you like being part of a water community, Bayou Shores subdivision might just be the place for you. A nice mix of RV lots, mobile homes, stilt homes and traditional homes, this duplex rounds out the possibilities. Whether it is Bayou Jonas (about 200 yards away), West Fowl River, Mobile Bay or the Gulf of America, there is plenty of water to play in. Also nearby is Bellingrath Gardens, which boasts some of the prettiest ornamental plants in the South. For more water excitement, drive about fifteen minutes to Dauphin Island, the sunset capital of Alabama, and take the ferry to Fort Morgan. Coden, the coastal fishing village that this little oasis is located in, is situated off Bayou Coden from the original French name, Coq d'Inde. In the late 1800's, Coden was known for its many resorts. Unit A is a cozy 2 bedroom, 1 bathroom, while unit B is a spacious 3 bedroom, 2 bathroom. You could choose to live on one side of this peaceful retreat and rent out the other side or add both units to your rental portfolio. There are plenty of lots available if you would like to expand your rental income in this quaint community. All appliances convey and both units are rented out for instant income. Unit-A rents for $995 per month and Unit-B $1095. To round everything off, there are spacious front and backyards for your personal enjoyment. Buyer or buyer's agent to confirm all information. Thank you! Buyer to verify all information during due diligence.

Key facts

• Mobile homes
• Bayou jonas
• West fowl river

Tags

• BAYOU SHORES SUBDIVISION
• RV LOTS
• MOBILE HOMES
• STILT HOMES
• BAYOU JONAS
• WEST FOWL RIVER

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.5-bath units multifamily listed at $229k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $885 ($11k/yr) — positive. Per door: $443/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $229k).
• Recommended offer: $202k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.3% vs local median 4.4% in Bayou La Batre — 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 53/100 on livability (#493 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B; Watch: health & safety D+, schools F, crime F.
• 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: 49 active listings in the ZIP; 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 ($2k loan paydown + $4k appreciation (1.6% 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 (1.6% appreciation + 3.0% rent growth), your $64k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 7, 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 248 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; severe wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $201,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 248 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.40% ✓
• Cap rate: 11.28%
• Cash-on-cash: 17.81%
• DSCR: 1.79
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.63% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.0%
• Equity multiple: 2.06×
• Total profit: $67,942
• Equity at exit: $85,820

10-year hold

• IRR: 22.5%
• Equity multiple: 3.87×
• Total profit: $184,219
• Equity at exit: $120,212

Cash invested: $64,120 (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 36523

• Home prices YoY: 0.8%
• Active inventory: 49
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $3,208 medium
• Mortgage (P&I): −$1,201
• Tax est. 1.5%: −$286 /mo · $3,435/yr
• Insurance: −$95
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$674
• Net cashflow: $885

Break-even live

Break-even rent $2,087

Max offer price $229,000

Occupancy floor 67%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1.5	$3,208
Total (2 units)			$3,208

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-18
   days on market $229,000 Active 248 DOM
2. 2026-06-17
   days on market $229,000 Active 247 DOM
3. 2026-06-16
   days on market $229,000 Active 246 DOM
4. 2026-06-15
   days on market $229,000 Active 245 DOM
5. 2026-06-14
   pricedays on market $229,000 Active 243 DOM
6. 2026-06-13
   days on market $234,000 Active 242 DOM
7. 2026-06-10
   days on market $234,000 Active 240 DOM
8. 2026-06-09
   days on market $234,000 Active 239 DOM
9. 2026-06-08
   days on market $234,000 Active 238 DOM
10. 2026-06-07
    days on market $234,000 Active 237 DOM
11. 2026-06-05
    days on market $234,000 Active 234 DOM
12. 2026-06-03
    days on market $234,000 Active 233 DOM
13. 2026-06-02
    days on market $234,000 Active 232 DOM
14. 2026-06-01
    days on market $234,000 Active 231 DOM
15. 2026-05-31
    days on market $234,000 Active 230 DOM
16. 2026-05-30
    days on market $234,000 Active 229 DOM
17. 2026-04-24
    status Active 1525-char remark

    Show marketing remark (1525 chars)

    BAYOU SHORES-does it get more peaceful sounding than that?! If you like being part of a water community, Bayou Shores subdivision might just be the place for you. A nice mix of RV lots, mobile homes, stilt homes and traditional homes, this duplex rounds out the possibilities. Whether it is Bayou Jonas (about 200 yards away), West Fowl River, Mobile Bay or the Gulf of America, there is plenty of water to play in. Also nearby is Bellingrath Gardens, which boasts some of the prettiest ornamental plants in the South. For more water excitement, drive about fifteen minutes to Dauphin Island, the sunset capital of Alabama, and take the ferry to Fort Morgan. Coden, the coastal fishing village that this little oasis is located in, is situated off Bayou Coden from the original French name, Coq d'Inde. In the late 1800's, Coden was known for its many resorts. Unit A is a cozy 2 bedroom, 1 bathroom, while unit B is a spacious 3 bedroom, 2 bathroom. You could choose to live on one side of this peaceful retreat and rent out the other side or add both units to your rental portfolio. There are plenty of lots available if you would like to expand your rental income in this quaint community. All appliances convey and both units are rented out for instant income. Unit-A rents for $995 per month and Unit-B $1095. To round everything off, there are spacious front and backyards for your personal enjoyment. Buyer or buyer's agent to confirm all information. Thank you! Buyer to verify all information during due diligence.

18. 2026-04-20
    status Pending 1525-char remark

    Show marketing remark (1525 chars)

    BAYOU SHORES-does it get more peaceful sounding than that?! If you like being part of a water community, Bayou Shores subdivision might just be the place for you. A nice mix of RV lots, mobile homes, stilt homes and traditional homes, this duplex rounds out the possibilities. Whether it is Bayou Jonas (about 200 yards away), West Fowl River, Mobile Bay or the Gulf of America, there is plenty of water to play in. Also nearby is Bellingrath Gardens, which boasts some of the prettiest ornamental plants in the South. For more water excitement, drive about fifteen minutes to Dauphin Island, the sunset capital of Alabama, and take the ferry to Fort Morgan. Coden, the coastal fishing village that this little oasis is located in, is situated off Bayou Coden from the original French name, Coq d'Inde. In the late 1800's, Coden was known for its many resorts. Unit A is a cozy 2 bedroom, 1 bathroom, while unit B is a spacious 3 bedroom, 2 bathroom. You could choose to live on one side of this peaceful retreat and rent out the other side or add both units to your rental portfolio. There are plenty of lots available if you would like to expand your rental income in this quaint community. All appliances convey and both units are rented out for instant income. Unit-A rents for $995 per month and Unit-B $1095. To round everything off, there are spacious front and backyards for your personal enjoyment. Buyer or buyer's agent to confirm all information. Thank you! Buyer to verify all information during due diligence.

19. 2026-02-23
    price $234,000 1525-char remark

    Show marketing remark (1525 chars)

    BAYOU SHORES-does it get more peaceful sounding than that?! If you like being part of a water community, Bayou Shores subdivision might just be the place for you. A nice mix of RV lots, mobile homes, stilt homes and traditional homes, this duplex rounds out the possibilities. Whether it is Bayou Jonas (about 200 yards away), West Fowl River, Mobile Bay or the Gulf of America, there is plenty of water to play in. Also nearby is Bellingrath Gardens, which boasts some of the prettiest ornamental plants in the South. For more water excitement, drive about fifteen minutes to Dauphin Island, the sunset capital of Alabama, and take the ferry to Fort Morgan. Coden, the coastal fishing village that this little oasis is located in, is situated off Bayou Coden from the original French name, Coq d'Inde. In the late 1800's, Coden was known for its many resorts. Unit A is a cozy 2 bedroom, 1 bathroom, while unit B is a spacious 3 bedroom, 2 bathroom. You could choose to live on one side of this peaceful retreat and rent out the other side or add both units to your rental portfolio. There are plenty of lots available if you would like to expand your rental income in this quaint community. All appliances convey and both units are rented out for instant income. Unit-A rents for $995 per month and Unit-B $1095. To round everything off, there are spacious front and backyards for your personal enjoyment. Buyer or buyer's agent to confirm all information. Thank you! Buyer to verify all information during due diligence.

20. 2025-12-12
    price $239,000 1525-char remark

    Show marketing remark (1525 chars)

    BAYOU SHORES-does it get more peaceful sounding than that?! If you like being part of a water community, Bayou Shores subdivision might just be the place for you. A nice mix of RV lots, mobile homes, stilt homes and traditional homes, this duplex rounds out the possibilities. Whether it is Bayou Jonas (about 200 yards away), West Fowl River, Mobile Bay or the Gulf of America, there is plenty of water to play in. Also nearby is Bellingrath Gardens, which boasts some of the prettiest ornamental plants in the South. For more water excitement, drive about fifteen minutes to Dauphin Island, the sunset capital of Alabama, and take the ferry to Fort Morgan. Coden, the coastal fishing village that this little oasis is located in, is situated off Bayou Coden from the original French name, Coq d'Inde. In the late 1800's, Coden was known for its many resorts. Unit A is a cozy 2 bedroom, 1 bathroom, while unit B is a spacious 3 bedroom, 2 bathroom. You could choose to live on one side of this peaceful retreat and rent out the other side or add both units to your rental portfolio. There are plenty of lots available if you would like to expand your rental income in this quaint community. All appliances convey and both units are rented out for instant income. Unit-A rents for $995 per month and Unit-B $1095. To round everything off, there are spacious front and backyards for your personal enjoyment. Buyer or buyer's agent to confirm all information. Thank you! Buyer to verify all information during due diligence.

21. 2025-11-11
    price $244,000 1525-char remark

    Show marketing remark (1525 chars)

    BAYOU SHORES-does it get more peaceful sounding than that?! If you like being part of a water community, Bayou Shores subdivision might just be the place for you. A nice mix of RV lots, mobile homes, stilt homes and traditional homes, this duplex rounds out the possibilities. Whether it is Bayou Jonas (about 200 yards away), West Fowl River, Mobile Bay or the Gulf of America, there is plenty of water to play in. Also nearby is Bellingrath Gardens, which boasts some of the prettiest ornamental plants in the South. For more water excitement, drive about fifteen minutes to Dauphin Island, the sunset capital of Alabama, and take the ferry to Fort Morgan. Coden, the coastal fishing village that this little oasis is located in, is situated off Bayou Coden from the original French name, Coq d'Inde. In the late 1800's, Coden was known for its many resorts. Unit A is a cozy 2 bedroom, 1 bathroom, while unit B is a spacious 3 bedroom, 2 bathroom. You could choose to live on one side of this peaceful retreat and rent out the other side or add both units to your rental portfolio. There are plenty of lots available if you would like to expand your rental income in this quaint community. All appliances convey and both units are rented out for instant income. Unit-A rents for $995 per month and Unit-B $1095. To round everything off, there are spacious front and backyards for your personal enjoyment. Buyer or buyer's agent to confirm all information. Thank you! Buyer to verify all information during due diligence.

22. 2025-10-09
    listed $249,000 Active 1525-char remark

    Show marketing remark (1525 chars)

    BAYOU SHORES-does it get more peaceful sounding than that?! If you like being part of a water community, Bayou Shores subdivision might just be the place for you. A nice mix of RV lots, mobile homes, stilt homes and traditional homes, this duplex rounds out the possibilities. Whether it is Bayou Jonas (about 200 yards away), West Fowl River, Mobile Bay or the Gulf of America, there is plenty of water to play in. Also nearby is Bellingrath Gardens, which boasts some of the prettiest ornamental plants in the South. For more water excitement, drive about fifteen minutes to Dauphin Island, the sunset capital of Alabama, and take the ferry to Fort Morgan. Coden, the coastal fishing village that this little oasis is located in, is situated off Bayou Coden from the original French name, Coq d'Inde. In the late 1800's, Coden was known for its many resorts. Unit A is a cozy 2 bedroom, 1 bathroom, while unit B is a spacious 3 bedroom, 2 bathroom. You could choose to live on one side of this peaceful retreat and rent out the other side or add both units to your rental portfolio. There are plenty of lots available if you would like to expand your rental income in this quaint community. All appliances convey and both units are rented out for instant income. Unit-A rents for $995 per month and Unit-B $1095. To round everything off, there are spacious front and backyards for your personal enjoyment. Buyer or buyer's agent to confirm all information. Thank you! Buyer to verify all information during due diligence.

23. 2025-08-22
    historical $1,095
24. 2025-07-25
    price $1,095
25. 2025-05-06
    listed $1,195

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (shaded) · 75% chance over 30 yrs
• 🔥 Wildfire 9/10 Extreme
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 24 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,496
• − Mortgage interest: −$12,828
• − Property taxes: −$3,435
• − Insurance: −$1,942
• − Repairs & maintenance: −$3,080
• − Management: −$3,080
• − Depreciation: −$6,662
• Taxable income: $7,470
• Est. tax owed @ 24.0%: −$1,793
• After-tax cash flow: $8,831/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This property is in good condition with cosmetic updates needed to modernize the kitchen and bathrooms. The location offers a peaceful waterfront setting with ample outdoor space.

Repairs flagged

• Minor kitchen cabinets — slight wear
• Minor bathroom fixtures — slight wear

Value-add opportunities

• Resale update kitchen cabinets — modernizing the kitchen
• Resale update bathroom fixtures — modernizing the bathrooms
• Both landscaping — enhances curb appeal and adds value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · slight wear	Minor	$500–3,000
bathroom fixtures · slight wear	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale update kitchen cabinets — modernizing the kitchen ↑
• Resale update bathroom fixtures — modernizing the bathrooms ↑
• Both landscaping — enhances curb appeal and adds value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Bayou La Batre

• Score: 53/100
• State rank: #493
• US rank: #24654

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D- Housing B Health & safety D+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 1,462
• Population (ZIP): 2,650

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 12% Two or more races 4% Black 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 1%
• Common ancestry: Portuguese 7% Lithuanian 6% Serbian 4%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▲ 1.63%
• Current HPI: 213.61
• 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

+19481.6% since first listed

9 events — show timeline

• 2026-04-24 Relisted — BCAR
• 2026-04-20 Pending — BCAR
• 2026-02-23 Price Changed $234,000 BCAR
• 2025-12-12 Price Changed $239,000 BCAR
• 2025-11-11 Price Changed $244,000 BCAR
• 2025-10-09 Listed $249,000 BCAR
• 2025-08-22 Rental Removed $1,095 BUILDIUM
• 2025-07-25 Price Changed $1,095 BUILDIUM
• 2025-05-06 Listed for Rent $1,195 BUILDIUM