1560 Military Rd · Mount Vernon, AL 36560

$122,000

3 bd · 1.0 ba · 1,300 sqft · SingleFamily public records · 3 Days on market

Built 1965 0.50 ac lot $94/sqft · 29% above area Est $97k · 26% 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 +20.4/30.0
• Appreciation +8.0/10.0
• DSCR +6.5/10.0
• 1% rule +4.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

VRM LISTING - The seller will entertain offers from between 114,000-130,000. The true selling price is represented with the average of the highest and lowest ends of the range. Don't miss your opportunity to view this charming 3-Bedroom Home in Mount Vernon, AL! Welcome to this updated move in ready cozy 3-bedroom 1-bathroom home offering approximately 1,300 sq. ft. Recent updates include a brand-new HVAC system (2025), new lighting fixtures, brand new appliances, new vinyl plank flooring, and fresh paint throughout. Located near the area's growing industrial job opportunities and minutes from the Mount Vernon River landing, it's an ideal choice for anyone seeking a peaceful residence with easy access to employment opportunities and amenities. Whether you're looking for your first home, an investment property, or downsizing, this home is a perfect choice. The home is nestled into a beautiful 100'x200' lot with plenty of potential for whatever your heart can imagine. Schedule your showing today and explore all this Mount Vernon gem has to offer! Buyer to verify all information deemed important during due diligence period.

Key facts

• 0.5 acre lot
• Built 1965
• Listed 3 days

Property features AI

Finance

• Other: Directions: From Highway 43, turn east onto Military Road. Continue approximately 1.5 miles; the property will be on the left.
• Financial info: $735 annual tax listed
• HOA & community: No community amenities; No transfer fees

Exterior

• Parking: No designated parking listed
• Utilities: Public water; Electric service: Alabama Power
• Home design: Single-family residence; One story; Resale property
• Construction: Brick construction; Slab foundation; Composition roof with ridge vent; Built area reported as 1,329 square feet
• Exterior features: Patio; Level lot with few trees; Less than one acre; No waterfront

Interior

• Kitchen: Dishwasher; Ice maker; Microwave; Electric range; Dining/kitchen combo
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Ceiling fan cooling
• Interior features: Family room; Ceiling fans

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $122k.

Deal economics

• At list price, monthly cash flow is $158 ($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 $115k (5.6% below list).
• Recommended offer: $115k (5.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#81 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D, amenities F, commute 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: 26 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 $8k of equity ($843 loan paydown + $7k appreciation (6.1% 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 (6.1% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $65k; list at $122k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $115,164 (5.6% 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. 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?
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: 0.94% ✗
• Cap rate: 7.85%
• Cash-on-cash: 5.55%
• DSCR: 1.25
• GRM: 8.8

CMA / ARV

• ARV (median comp): $96,623
• List price: $122,000
• Delta: 26.26%
• Verdict: OVERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
22300 Harville Rd	0.44mi	2/1.0 (-1)	1,236 (-5%)	2mo	$25,000	$20	65
1295 Evans Ave	0.59mi	3/1.0	1,335 (+3%)	4mo	$30,000	$22	64
1180 Loxley St	0.56mi	3/1.0	1,374 (+6%)	15mo	$33,000	$24	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

6.07% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.1%
• Equity multiple: 2.34×
• Total profit: $45,746
• Equity at exit: $77,226

10-year hold

• IRR: 19.3%
• Equity multiple: 4.70×
• Total profit: $126,471
• Equity at exit: $140,507

Cash invested: $34,160 (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 36560

• Home prices YoY: 4.7%
• Active inventory: 26
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,152 medium
• Mortgage (P&I): −$640
• Tax from tax record: −$61 /mo · $735/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $158

Break-even live

Break-even rent $952

Max offer price $122,000

Occupancy floor 81%

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: $30,500
• Closing costs: $3,660
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-02
   status $122,000 Pending 3 DOM
2. 2026-06-01
   days on market $122,000 Active 3 DOM

   Show marketing remark (1140 chars)

   VRM LISTING - The seller will entertain offers from between 114,000-130,000. The true selling price is represented with the average of the highest and lowest ends of the range. Don't miss your opportunity to view this charming 3-Bedroom Home in Mount Vernon, AL! Welcome to this updated move in ready cozy 3-bedroom 1-bathroom home offering approximately 1,300 sq. ft. Recent updates include a brand-new HVAC system (2025), new lighting fixtures, brand new appliances, new vinyl plank flooring, and fresh paint throughout. Located near the area's growing industrial job opportunities and minutes from the Mount Vernon River landing, it's an ideal choice for anyone seeking a peaceful residence with easy access to employment opportunities and amenities. Whether you're looking for your first home, an investment property, or downsizing, this home is a perfect choice. The home is nestled into a beautiful 100'x200' lot with plenty of potential for whatever your heart can imagine. Schedule your showing today and explore all this Mount Vernon gem has to offer! Buyer to verify all information deemed important during due diligence period.

3. 2026-05-31
   days on market $122,000 Active 2 DOM
4. 2026-05-30
   pricelisting id $122,000 Active 1 DOM
5. 2026-05-11
   historical $114,130 951-char remark

   Show marketing remark (1140 chars)

   VRM LISTING - The seller will entertain offers from between 114,000-130,000. The true selling price is represented with the average of the highest and lowest ends of the range. Don't miss your opportunity to view this charming 3-Bedroom Home in Mount Vernon, AL! Welcome to this updated move in ready cozy 3-bedroom 1-bathroom home offering approximately 1,300 sq. ft. Recent updates include a brand-new HVAC system (2025), new lighting fixtures, brand new appliances, new vinyl plank flooring, and fresh paint throughout. Located near the area's growing industrial job opportunities and minutes from the Mount Vernon River landing, it's an ideal choice for anyone seeking a peaceful residence with easy access to employment opportunities and amenities. Whether you're looking for your first home, an investment property, or downsizing, this home is a perfect choice. The home is nestled into a beautiful 100'x200' lot with plenty of potential for whatever your heart can imagine. Schedule your showing today and explore all this Mount Vernon gem has to offer! Buyer to verify all information deemed important during due diligence period.

6. 2026-05-11
   historical $122,000 1005-char remark

   Show marketing remark (1140 chars)

   VRM LISTING - The seller will entertain offers from between 114,000-130,000. The true selling price is represented with the average of the highest and lowest ends of the range. Don't miss your opportunity to view this charming 3-Bedroom Home in Mount Vernon, AL! Welcome to this updated move in ready cozy 3-bedroom 1-bathroom home offering approximately 1,300 sq. ft. Recent updates include a brand-new HVAC system (2025), new lighting fixtures, brand new appliances, new vinyl plank flooring, and fresh paint throughout. Located near the area's growing industrial job opportunities and minutes from the Mount Vernon River landing, it's an ideal choice for anyone seeking a peaceful residence with easy access to employment opportunities and amenities. Whether you're looking for your first home, an investment property, or downsizing, this home is a perfect choice. The home is nestled into a beautiful 100'x200' lot with plenty of potential for whatever your heart can imagine. Schedule your showing today and explore all this Mount Vernon gem has to offer! Buyer to verify all information deemed important during due diligence period.

7. 2025-06-26
   status Pending
8. 2025-05-27
   price $147,000
9. 2025-04-21
   listed $152,000 Active
10. 2013-12-02
    soldstatus $64,600

ⓘ 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: $735 · $61/mo
• Projected year-2 tax: $735 · $61/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 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°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: $13,820
• − Mortgage interest: −$6,834
• − Property taxes: −$735
• − Insurance: −$610
• − Repairs & maintenance: −$1,106
• − Management: −$1,106
• − Depreciation: −$3,549
• Taxable loss: −$119
• Est. tax savings @ 24.0%: +$29
• After-tax cash flow: $1,924/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 — Mount Vernon

• Score: 67/100
• State rank: #81
• US rank: #10680

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Vernon, AL
• Population (ZIP): 3,000

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: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: Black 47% White 25% Two or more races 19% Native American 9%
• Common ancestry: Lithuanian 1%
• Foreign-born: 0% · Canada

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: ▲ 6.07%
• Current HPI: 136.3161
• 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

+88.9% since first listed

10 events — show timeline

• 2026-06-01 Pending — GCMLS AL
• 2026-06-01 Pending — BCAR
• 2026-05-29 Listed $122,000 BCAR
• 2026-05-29 Listed $114,130 GCMLS AL
• 2026-05-11 Coming Soon $114,130 GCMLS AL
• 2026-05-11 Coming Soon $122,000 BCAR
• 2025-06-26 Pending — BCAR
• 2025-05-27 Price Changed $147,000 BCAR
• 2025-04-21 Listed $152,000 BCAR
• 2013-12-02 Sold (Public Records) $64,600 Public Records

Property tax history

+2.2%/yr

Latest (2025): $735 · +6.9% YoY. Source: county tax records.