1332 Congress St · Mobile, AL 36603

$30,000

4 bd · 1.0 ba · 1,271 sqft · SingleFamily public records · 87 Days on market

Built 1972 4,647 sqft lot $24/sqft · 64% below area ↓ 25% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +5.7/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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

Investor Special! CASH ONLY!!! This home is waiting on the right buyer to come and snatch it up and bring it back to life. The location is minutes from the interstate, Downtown Mobile, Africa Town, Mardi Gras routes, and much more making it an appealing spot once restored. This property needs a full renovation. Home is being sold as-is with no warranties expressed or implied; no repairs will be made. The seller will remove some personal property from the home any remaining items will be the responsibility of the buyer. Buyer and buyer’s agent to verify all information deemed important. Contact your favorite realtor today to grab this property up. Motivated seller, bring all offers. "Enter at your own Risk- AS IS" No Utilities on.

Key facts

• 4,647 sq ft lot
• Listed 86 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Recommended offer: $28k (6.0% below list) — sets the bar for market timing.
• Cap rate 70.0% 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; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 $603 of equity ($207 loan paydown + $396 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 $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($28k) is reasonable based on typical stale-listing flexibility.

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 $28,200 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — 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. 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?
8. 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.
9. 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.
10. 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: 7.50% ✓
• Cap rate: 70.01%
• Cash-on-cash: 227.58%
• DSCR: 11.13
• GRM: 1.1

CMA / ARV

• ARV (median comp): $82,873
• List price: $30,000
• Delta: -63.80%
• 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
1363 St Stephens Rd	0.14mi	3/2.0 (-1)	1,272 (+0%)	21mo	$121,000	$95	67
353 Robbins St	0.31mi	4/1.0	1,120 (-12%)	4mo	$80,000	$71	62
1557 Basil St	0.40mi	3/2.0 (-1)	1,147 (-10%)	0mo	$105,000	$92	56
1215 Hercules St	0.38mi	3/2.0 (-1)	1,333 (+5%)	14mo	$76,750	$58	54
213 Kennedy St	0.39mi	3/2.0 (-1)	1,201 (-6%)	15mo	$160,000	$133	51
1461 Lincoln St	0.45mi	4/1.5	1,440 (+13%)	7mo	$37,500	$26	49
125 Bush Ave	0.32mi	3/2.0 (-1)	1,400 (+10%)	13mo	$174,900	$125	48
1216 Pecan St	0.53mi	3/2.0 (-1)	1,392 (+10%)	4mo	$128,500	$92	47
1159 Hercules St	0.44mi	3/2.0 (-1)	1,172 (-8%)	14mo	$160,000	$137	46
1105 Adams St	0.31mi	3/2.0 (-1)	1,102 (-13%)	11mo	$55,000	$50	45
32 Blacklawn St	0.48mi	3/2.0 (-1)	1,410 (+11%)	14mo	$319,000	$226	39
11 S Lafayette St	0.71mi	3/2.0 (-1)	1,425 (+12%)	8mo	$330,000	$232	30

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: —
• Equity multiple: 13.20×
• Total profit: $102,516
• Equity at exit: $10,746

10-year hold

• IRR: —
• Equity multiple: 27.93×
• Total profit: $226,222
• Equity at exit: $14,680

Cash invested: $8,400 (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: 1.1×

Monthly cashflow live

• Estimated rent: $2,249 high
• Mortgage (P&I): −$157
• Tax from tax record: −$14 /mo · $166/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$472
• Net cashflow: $1,593

Break-even live

Break-even rent $233

Max offer price $30,000

Occupancy floor 24%

Sensitivity live

Price	-10% $1,610	-5% $1,602	+0% $1,593	+5% $1,585	+10% $1,576
Rent	-10% $1,415	-5% $1,504	+0% $1,593	+5% $1,682	+10% $1,771
Rate	-1.0pp $1,608	-0.5pp $1,601	base $1,593	+0.5pp $1,585	+1.0pp $1,577

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1566 Dauphin St Unit Back Carriage House Mobile, AL	3.0	1.0	1300	$1,200	$0.92	45d	1	0.76mi
961 Old Shell Rd Unit A Mobile, AL	3.0	2.5	1600	$1,295	$0.81	45d	1	0.77mi
1141 Montauk Ave Unit 1043864P Mobile, AL	3.0	2.0	1420	$2,741	$1.93	15d	1	0.81mi
305 Indian Creek Dr E Unit 1043809P Mobile, AL	3.0	2.5	1496	$3,985	$2.66	15d	1	0.95mi
107 Macy Pl Mobile, AL	3.0	2.0	1800	$2,250	$1.25	45d	1	1.02mi
84 S Lafayette St Unit 1043577P Mobile, AL	3.0	2.0	1496	$3,116	$2.08	15d	1	1.02mi
129 Shell Road Pl Unit 1043713P Mobile, AL	4.0	2.0	1496	$3,389	$2.27	22d	1	1.03mi
1704 McGill Ave Unit B Mobile, AL	3.0	2.5	1500	$1,750	$1.17	45d	1	1.06mi
1660 Laurel St Mobile, AL	3.0	2.0	1768	$2,200	$1.24	15d	1	1.18mi
186 Stanton Rd Mobile, AL	1.0–3.0	1.0–2.5	1263	$2,450	$1.94	45d	1	1.25mi
510 Schwartz St Mobile, AL	3.0	2.0	1288	$1,400	$1.09	15d	1	1.30mi
402 Havens St Mobile, AL	4.0	2.0	960	$1,350	$1.41	15d	1	1.31mi

Listing history 19 events

1. 2026-06-21
   days on market $30,000 Active 87 DOM
2. 2026-06-18
   days on market $30,000 Active 84 DOM
3. 2026-06-17
   days on market $30,000 Active 83 DOM
4. 2026-06-16
   days on market $30,000 Active 82 DOM
5. 2026-06-15
   days on market $30,000 Active 81 DOM
6. 2026-06-14
   days on market $30,000 Active 79 DOM
7. 2026-06-13
   days on market $30,000 Active 78 DOM
8. 2026-06-10
   days on market $30,000 Active 76 DOM
9. 2026-06-09
   days on market $30,000 Active 75 DOM
10. 2026-06-08
    days on market $30,000 Active 74 DOM
11. 2026-06-07
    days on market $30,000 Active 73 DOM
12. 2026-06-05
    days on market $30,000 Active 70 DOM
13. 2026-06-03
    days on market $30,000 Active 69 DOM
14. 2026-06-02
    days on market $30,000 Active 68 DOM
15. 2026-06-01
    days on market $30,000 Active 67 DOM
16. 2026-05-31
    days on market $30,000 Active 66 DOM
17. 2026-05-30
    days on market $30,000 Active 65 DOM
18. 2026-04-28
    price $30,000 755-char remark

    Show marketing remark (755 chars)

    Investor Special! CASH ONLY!!! This home is waiting on the right buyer to come and snatch it up and bring it back to life. The location is minutes from the interstate, Downtown Mobile, Africa Town, Mardi Gras routes, and much more making it an appealing spot once restored. This property needs a full renovation. Home is being sold as-is with no warranties expressed or implied; no repairs will be made. The seller will remove some personal property from the home any remaining items will be the responsibility of the buyer. Buyer and buyer’s agent to verify all information deemed important. Contact your favorite realtor today to grab this property up. Motivated seller, bring all offers. "Enter at your own Risk- AS IS" No Utilities on.

19. 2026-03-27
    listed $40,000 Active 755-char remark

    Show marketing remark (755 chars)

    Investor Special! CASH ONLY!!! This home is waiting on the right buyer to come and snatch it up and bring it back to life. The location is minutes from the interstate, Downtown Mobile, Africa Town, Mardi Gras routes, and much more making it an appealing spot once restored. This property needs a full renovation. Home is being sold as-is with no warranties expressed or implied; no repairs will be made. The seller will remove some personal property from the home any remaining items will be the responsibility of the buyer. Buyer and buyer’s agent to verify all information deemed important. Contact your favorite realtor today to grab this property up. Motivated seller, bring all offers. "Enter at your own Risk- AS IS" No Utilities on.

ⓘ 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: $166 · $14/mo
• Projected year-2 tax: $166 · $14/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 ≥104°F today · 21 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: $26,988
• − Mortgage interest: −$1,680
• − Property taxes: −$166
• − Insurance: −$150
• − Repairs & maintenance: −$2,159
• − Management: −$2,159
• − Depreciation: −$873
• Taxable income: $19,801
• Est. tax owed @ 24.0%: −$4,752
• After-tax cash flow: $14,364/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

-25.0% since first listed

2 events — show timeline

• 2026-04-28 Price Changed $30,000 GCMLS AL
• 2026-03-27 Listed $40,000 GCMLS AL

Property tax history

+12.6%/yr

Latest (2025): $166 · +6.5% YoY. Source: county tax records.