4604 Oak Ridge Rd · Mobile, AL 36609

$175,000

4 bd · 3.0 ba · 2,226 sqft · SingleFamily public records · 54 Days on market

Built 1991 1.20 ac lot $79/sqft · 31% below area Est $252k · 31% under

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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 +24.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.7/10.0
• 1% rule +6.2/10.0
• Livability +3.8/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Opportunity in Jackson Heights! Spacious 4-bedroom, 3-bath home offering 2,226 sq ft in the well-established Jackson Heights subdivision. This property is ideal for a flip or value-add renovation and is priced with opportunity in mind. With some updates and TLC, the potential is endless. The home features a large living room with a wood-burning fireplace, complemented by beautiful built-in bookshelves and cabinets that add character and charm. Generous room sizes and a functional layout provide a strong foundation for a high-return renovation. Located in a desirable, established neighborhood—this is a rare chance to transform a solid home into a standout investment. Perfect for investors or renovators looking to add value and maximize returns.

Key facts

• Built-in cabinets
• Large living room
• Functional layout

Tags

• WOOD-BURNING FIREPLACE
• BUILT-IN BOOKSHELVES
• BUILT-IN CABINETS
• LARGE LIVING ROOM
• FUNCTIONAL LAYOUT
• ESTABLISHED NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $343 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $170k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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 (+3.1%/yr); 144 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).
• At $1,953/mo this rent would consume 47% of the median local household income ($50k/yr) (locally 1379% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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

• It's been on market 54 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $15k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $169,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 1.12% ✓
• Cap rate: 8.65%
• Cash-on-cash: 8.41%
• DSCR: 1.37
• GRM: 7.5

CMA / ARV

• ARV (median comp): $252,429
• List price: $175,000
• Delta: -30.67%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
275 Hillcrest Dr	0.24mi	4/4.0	2,222 (-0%)	7mo	$304,900	$137	79
1045 Cross Gates Pl	0.44mi	3/2.0 (-1)	2,246 (+1%)	11mo	$329,900	$147	59
4689 Oak Ridge Rd	0.35mi	4/3.0	2,463 (+11%)	12mo	$350,000	$142	56
931 E Regents Dr	0.48mi	4/2.5	2,412 (+8%)	8mo	$372,500	$154	55
833 Satsuma Ct	0.51mi	4/2.5	2,473 (+11%)	1mo	$250,675	$101	55
425 Mcqueen Ave	0.73mi	3/3.0 (-1)	2,259 (+2%)	9mo	$235,000	$104	51
1056 Cross Gates Pl	0.49mi	3/2.0 (-1)	2,071 (-7%)	8mo	$285,000	$138	50
1213 Edinburgh Ct	0.56mi	3/2.5 (-1)	2,072 (-7%)	8mo	$310,000	$150	49
804 W Regents Dr	0.59mi	4/2.5	2,458 (+10%)	5mo	$305,000	$124	49
4256 Michael Blvd	0.39mi	3/2.0 (-1)	2,480 (+11%)	6mo	$269,900	$109	48
4602 N Sunset Dr	0.62mi	4/2.0	1,975 (-11%)	4mo	$280,000	$142	44
231 Rochester Rd	0.62mi	4/3.5	2,536 (+14%)	3mo	$639,500	$252	44

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 · 3.07% rent growth · sell at horizon

5-year hold

• IRR: -3.4%
• Equity multiple: 0.87×
• Total profit: $-6,327
• Equity at exit: $26,093

10-year hold

• IRR: 6.3%
• Equity multiple: 1.48×
• Total profit: $23,312
• Equity at exit: $15,131

Cash invested: $49,000 (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 36609

• Rents YoY: 3.1%
• Active inventory: 144
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,953 high
• Mortgage (P&I): −$918
• Tax from tax record: −$208 /mo · $2,502/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $343

Break-even live

Break-even rent $1,518

Max offer price $175,000

Occupancy floor 77%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
424 Byron Ave E Mobile, AL	4.0	2.0	1917	$2,500	$1.30	20d	1	0.35mi
1056 Linlen Ave Mobile, AL	3.0	3.0	1975	$2,300	$1.16	43d	1	0.74mi
315 Bomar Pl Mobile, AL	3.0	2.0	1632	$1,850	$1.13	13d	1	0.90mi
112 S University Blvd Mobile, AL	4.0	4.5	1472	$1,810	$1.23	13d	5	0.99mi
6016 Magnolia Pl E Mobile, AL	3.0	2.0	1600	$1,800	$1.12	43d	1	1.17mi
4306 Via Alta Dr Mobile, AL	3.0	2.0	1640	$1,600	$0.98	43d	1	1.19mi
1724 Rustic Wood Ct Mobile, AL	3.0	2.0	1607	$1,850	$1.15	43d	1	1.45mi
3920 Berwyn Dr S Mobile, AL	1.0–3.0	1.0–2.0	1427	$1,700	$1.19	13d	34	1.46mi

Listing history 7 events

1. 2026-05-15
   price $175,000 775-char remark

   Show marketing remark (775 chars)

   Investor Opportunity in Jackson Heights! Spacious 4-bedroom, 3-bath home offering 2,226 sq ft in the well-established Jackson Heights subdivision. This property is ideal for a flip or value-add renovation and is priced with opportunity in mind. With some updates and TLC, the potential is endless. The home features a large living room with a wood-burning fireplace, complemented by beautiful built-in bookshelves and cabinets that add character and charm. Generous room sizes and a functional layout provide a strong foundation for a high-return renovation. Located in a desirable, established neighborhood—this is a rare chance to transform a solid home into a standout investment. Perfect for investors or renovators looking to add value and maximize returns.

2. 2026-04-03
   listed $189,900 Active 775-char remark

   Show marketing remark (775 chars)

   Investor Opportunity in Jackson Heights! Spacious 4-bedroom, 3-bath home offering 2,226 sq ft in the well-established Jackson Heights subdivision. This property is ideal for a flip or value-add renovation and is priced with opportunity in mind. With some updates and TLC, the potential is endless. The home features a large living room with a wood-burning fireplace, complemented by beautiful built-in bookshelves and cabinets that add character and charm. Generous room sizes and a functional layout provide a strong foundation for a high-return renovation. Located in a desirable, established neighborhood—this is a rare chance to transform a solid home into a standout investment. Perfect for investors or renovators looking to add value and maximize returns.

3. 2023-10-25
   soldstatus $154,368
4. 2023-10-20
   soldstatus $154,368 Closed 881-char remark

   Show marketing remark (881 chars)

   This 4-bedroom, 2.5-bathroom oasis rests on a sprawling 1 1/3 acre lot. With some TLC, this home can be brought back to life and you can experience the perfect blend of luxury and functionality with custom-built cabinets that add a touch of elegance to every room. NOTE: Property being sold AS-IS, repair estimates factored into asking price. Seller will not make repairs prior to closing may not qualify for certain funding/financing types. No owner financing available. The seller is working with an equitable interest holder, bring all offers. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.

5. 2023-08-29
   status Pending 881-char remark

   Show marketing remark (881 chars)

   This 4-bedroom, 2.5-bathroom oasis rests on a sprawling 1 1/3 acre lot. With some TLC, this home can be brought back to life and you can experience the perfect blend of luxury and functionality with custom-built cabinets that add a touch of elegance to every room. NOTE: Property being sold AS-IS, repair estimates factored into asking price. Seller will not make repairs prior to closing may not qualify for certain funding/financing types. No owner financing available. The seller is working with an equitable interest holder, bring all offers. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.

6. 2023-08-24
   listed $150,000 Active 881-char remark

   Show marketing remark (881 chars)

   This 4-bedroom, 2.5-bathroom oasis rests on a sprawling 1 1/3 acre lot. With some TLC, this home can be brought back to life and you can experience the perfect blend of luxury and functionality with custom-built cabinets that add a touch of elegance to every room. NOTE: Property being sold AS-IS, repair estimates factored into asking price. Seller will not make repairs prior to closing may not qualify for certain funding/financing types. No owner financing available. The seller is working with an equitable interest holder, bring all offers. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.

7. 2005-03-04
   soldstatus $108,000

ⓘ 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: $2,502 · $208/mo
• Projected year-2 tax: $2,502 · $208/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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,430
• − Mortgage interest: −$9,803
• − Property taxes: −$2,502
• − Insurance: −$875
• − Repairs & maintenance: −$1,874
• − Management: −$1,874
• − Depreciation: −$5,091
• Taxable income: $1,411
• Est. tax owed @ 24.0%: −$339
• After-tax cash flow: $3,782/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): 23,820
• Household income: $49,830
• Rent vs Own: 54.0% rent · 46.0% own
• Severe rent burden: 1379.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 44% White 42% Two or more races 6% Hispanic / Latino 5% Asian 5%
• Common ancestry: Lithuanian 3% Slovak 2% Italian 2%
• Foreign-born: 6% · Canada, Vietnam, China
• Languages at home: 93% English-only · Spanish 2% Vietnamese 2% Other Indo-European 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: ▼ -124.06%
• Current HPI: 200.0811
• Rent YoY: ▲ 3.07%
• 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

+62.0% since first listed

7 events — show timeline

• 2026-05-15 Price Changed $175,000 GCMLS AL
• 2026-04-03 Listed $189,900 GCMLS AL
• 2023-10-25 Sold (Public Records) $154,368 Public Records
• 2023-10-20 Sold (MLS) $154,368 BCAR
• 2023-08-29 Pending — BCAR
• 2023-08-24 Listed $150,000 BCAR
• 2005-03-04 Sold (Public Records) $108,000 Public Records

Property tax history

+12.8%/yr

Latest (2025): $2,502 · +1.3% YoY. Source: county tax records.