3166 Demetropolis Rd · Mobile, AL 36693

$155,000

3 bd · 2.0 ba · 1,144 sqft · SingleFamily public records · 27 Days on market

Built 2002 0.34 ac lot $135/sqft · 15% below area Est $214k · 28% 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 +23.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +5.6/10.0
• 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

A true diamond in the rough. This home has hardwood floors, ceramic tile, and l split brick floors in the kitchen. (All needs a little TLC!!!. There's plenty of room in the backyard. Great investment and with the right LOVE it will be perfect for a first-time homebuyer.

Key facts

• 0.34 acre lot
• 4 parking spots
• Listed 27 days

Property features AI

Exterior

• Parking: Covered carport (4 spaces)
• Utilities: Cable available; Electricity available (110V and 220V); Natural gas available; Phone available; Public sewer; Water available
• Home design: Residential single-family home; Located in Canterbury Heights
• Construction: Composition roof; Slab foundation; Insulated windows; Plantation shutters
• Exterior features: Courtyard; Exterior storage; Other exterior features; Back yard fencing; Chain link fence; No pool or spa; Has a view

Interior

• Kitchen: Dishwasher; Electric range; Breakfast bar; Breakfast room; Cabinets (non-standard)
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Other interior features; No fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $293 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $153k (1.5% 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: 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: Olive J Dodge Elementary School (math 6% / reading 35%, grade F, #453 of 627 statewide, top 72%, 875 students, 67% FRL); Wp Davidson High School (math 36% / reading 41%, grade F, #37 of 305 statewide, top 12%, 1,535 students, 61% FRL) — zoned schools at 64% FRL track the district average.
• Market conditions: Rents flat; 142 active listings in the ZIP; 4 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).

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 27 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $95k; list at $155k implies a 63% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $152,675 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 1.06% ✓
• Cap rate: 8.56%
• Cash-on-cash: 8.09%
• DSCR: 1.36
• GRM: 7.9

CMA / ARV

• ARV (median comp): $214,246
• List price: $155,000
• Delta: -27.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1611 Rochelle St	0.45mi	3/2.0	1,084 (-5%)	7mo	$172,000	$159	65
4273 Vega Dr	0.34mi	3/1.5	1,215 (+6%)	15mo	$135,000	$111	60
1626 Rochelle St	0.56mi	3/1.5	1,175 (+3%)	21mo	$125,000	$106	50
4260 Aldebaran Way	0.47mi	3/1.0	1,308 (+14%)	1mo	$194,900	$149	49
4279 Arcturus Ln	0.54mi	3/2.0	1,309 (+14%)	12mo	$132,500	$101	41
4365 Birchwood Dr E	0.73mi	3/1.5	1,105 (-3%)	22mo	$180,000	$163	40
1636 Rochelle St	0.62mi	3/1.0	1,008 (-12%)	15mo	$157,000	$156	35

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: -7.0%
• Equity multiple: 0.75×
• Total profit: $-10,928
• Equity at exit: $23,111

10-year hold

• IRR: -1.1%
• Equity multiple: 0.94×
• Total profit: $-2,790
• Equity at exit: $13,402

Cash invested: $43,400 (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 36693

• Home prices YoY: -28.1%
• Rents YoY: 0.2%
• Active inventory: 142
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,639 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$125 /mo · $1,497/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $293

Break-even live

Break-even rent $1,269

Max offer price $155,000

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4273 Vega Dr Mobile, AL	3.0	1.5	1300	$1,600	$1.23	43d	1	0.30mi
1611 Rochelle St Mobile, AL	3.0	2.0	1085	$1,650	$1.52	20d	1	0.46mi
4361 Montclair Cir E Mobile, AL	3.0	2.0	1456	$1,700	$1.17	43d	1	0.56mi
4950 Government Blvd Mobile, AL	1.0–4.0	1.0–2.5	1225	$1,321	$1.08	13d	7	0.64mi

Listing history 19 events

1. 2026-06-18
   days on market $155,000 Active 27 DOM
2. 2026-06-17
   days on market $155,000 Active 26 DOM
3. 2026-06-16
   days on market $155,000 Active 25 DOM
4. 2026-06-15
   days on market $155,000 Active 24 DOM
5. 2026-06-14
   days on market $155,000 Active 22 DOM
6. 2026-06-13
   days on market $155,000 Active 21 DOM
7. 2026-06-10
   days on market $155,000 Active 19 DOM
8. 2026-06-09
   days on market $155,000 Active 18 DOM
9. 2026-06-08
   days on market $155,000 Active 17 DOM
10. 2026-06-07
    days on market $155,000 Active 16 DOM
11. 2026-06-05
    days on market $155,000 Active 13 DOM
12. 2026-06-03
    days on market $155,000 Active 12 DOM
13. 2026-06-02
    days on market $155,000 Active 11 DOM
14. 2026-06-01
    days on market $155,000 Active 10 DOM
15. 2026-05-31
    days on market $155,000 Active 9 DOM
16. 2026-05-30
    days on market $155,000 Active 8 DOM
17. 2026-05-15
    historical $155,000 790-char remark
18. 2021-10-13
    soldstatus $95,000
19. 2021-09-14
    soldstatus $95,000 270-char remark

    Show marketing remark (270 chars)

    A true diamond in the rough. This home has hardwood floors, ceramic tile, and l split brick floors in the kitchen. (All needs a little TLC!!!. There's plenty of room in the backyard. Great investment and with the right LOVE it will be perfect for a first-time homebuyer.

ⓘ 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: $1,497 · $125/mo
• Projected year-2 tax: $1,497 · $125/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: $19,668
• − Mortgage interest: −$8,682
• − Property taxes: −$1,497
• − Insurance: −$775
• − Repairs & maintenance: −$1,573
• − Management: −$1,573
• − Depreciation: −$4,509
• Taxable income: $1,057
• Est. tax owed @ 24.0%: −$254
• After-tax cash flow: $3,258/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

+63.2% since first listed

4 events — show timeline

• 2026-05-22 Listed $155,000 GCMLS AL
• 2026-05-15 Coming Soon $155,000 GCMLS AL
• 2021-10-13 Sold (Public Records) $95,000 Public Records
• 2021-09-14 Sold (MLS) $95,000 GCMLS AL

Property tax history

+11.8%/yr

Latest (2025): $1,497 · +4.1% YoY. Source: county tax records.