301 Evergreen Hl · Mobile, AL 36609

$139,500

3 bd · 2.0 ba · 1,200 sqft · SingleFamily public records · 37 Days on market

Built 1995 0.28 ac lot $116/sqft · at area comps Est $137k · at est.

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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 +20.9/30.0
• ARV discount +6.7/15.0
• DSCR +6.6/10.0
• 1% rule +4.3/10.0
• 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

Come see this lovely home that is awaiting a new family! Great starter home! This home has some much potential and sits on a corner lot and is fenced in. Deck located to enjoy summertime with family and friends. This is one that you do not want to miss. No carpet in the house and special features in the bathrooms for those relaxing moments. Move in condition! Motivated seller! Buyer to verify all information deemed important during the due diligence period. Please use caution when accessing the back deck. There are loose deck planks present that may pose a safety hazard until repairs are completed. Must contact the listing agent for appointments.

Key facts

• Fenced in
• No carpet
• Deck

Tags

• CORNER LOT
• FENCED IN
• DECK
• NO CARPET
• SPECIAL FEATURES IN BATHROOMS

Property features AI

Finance

• Other: No land lease; Other structures on property; Subdivision: Berkshire Hills

Exterior

• Parking: Driveway with space for 1 vehicle
• Utilities: Cable available; Electricity available (110V and 220V); Phone available; Public sewer; Public water
• Home design: Single family residence; Residential property; Built in 1995; Shingle roof; Slab foundation; Wood frame windows; View available
• Construction: Other construction materials
• Exterior features: Back yard fencing; Corner lot; Other exterior features; No pool; spa/bath features noted

Interior

• Kitchen: Electric cooktop; Electric oven; Electric range; Microwave; Refrigerator; Pantry
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning; Ceiling fan(s)
• Interior features: Open floorplan between dining and living areas; Pantry; View to family room; Other interior features

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $193 ($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 $129k (7.3% below list).
• Recommended offer: $129k (7.3% below list) — sets the bar for 1% rule.
• Cap rate 8.0% 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: Elizabeth Fonde Elementary School (math 6% / reading 26%, grade F, #502 of 627 statewide, top 80%, 725 students, 87% FRL); Denton Magnet School of Technology (math 26% / reading 69%, grade C-, #32 of 257 statewide, top 12%, 314 students, 94% FRL); Wp Davidson High School (math 36% / reading 41%, grade F, #37 of 305 statewide, top 12%, 1,535 students, 61% FRL).
• Market conditions: Rents rising (+3.1%/yr); 145 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).
• This rent runs 31% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $964 of loan paydown is wiped out by about $4k 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 37 days — a 3% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 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 $78k; list at $140k implies a 78% 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 $129,270 (7.3% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 7% 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: 0.93% ✗
• Cap rate: 7.95%
• Cash-on-cash: 5.92%
• DSCR: 1.26
• GRM: 9.0

CMA / ARV

• ARV (median comp): $137,009
• List price: $139,500
• Delta: 1.82%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
407 Laborde Dr	0.42mi	3/2.0	1,225 (+2%)	2mo	$184,000	$150	76
4126 Springdale Rd	0.09mi	3/2.0	1,380 (+15%)	3mo	$169,000	$122	68
4129 Springdale Rd	0.07mi	2/1.0 (-1)	1,044 (-13%)	1mo	$139,000	$133	65
552 Tamworth Ct	0.44mi	3/1.0	1,135 (-5%)	3mo	$159,500	$141	64
1618 Catalina Dr	0.67mi	3/1.5	1,196 (-0%)	3mo	$120,000	$100	64
5100 Ridgedale Rd	0.22mi	3/1.0	1,358 (+13%)	4mo	$132,000	$97	61
4057 Gaylark Rd N	0.44mi	3/1.0	1,080 (-10%)	2mo	$140,000	$130	57
661 Raines Dr	0.74mi	3/1.5	1,134 (-6%)	1mo	$122,000	$108	53
4017 Meadow Wood Curv	0.51mi	3/1.0	1,080 (-10%)	3mo	$139,900	$130	53
4001 Sunnyvale Ln S	0.60mi	3/1.0	1,080 (-10%)	3mo	$117,000	$108	49
4275 Raines Dr	0.74mi	3/1.0	1,107 (-8%)	2mo	$172,000	$155	47
618 Wesley Ln E	0.63mi	3/1.0	1,045 (-13%)	6mo	$135,000	$129	40

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: -7.1%
• Equity multiple: 0.74×
• Total profit: $-10,299
• Equity at exit: $20,800

10-year hold

• IRR: 2.5%
• Equity multiple: 1.18×
• Total profit: $6,959
• Equity at exit: $12,061

Cash invested: $39,060 (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: 145
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,293 high
• Mortgage (P&I): −$732
• Tax from tax record: −$39 /mo · $465/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $193

Break-even live

Break-even rent $1,049

Max offer price $139,500

Occupancy floor 80%

Sensitivity live

Price	-10% $272	-5% $232	+0% $193	+5% $153	+10% $114
Rent	-10% $91	-5% $142	+0% $193	+5% $244	+10% $295
Rate	-1.0pp $263	-0.5pp $228	base $193	+0.5pp $157	+1.0pp $120

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: $34,875
• Closing costs: $4,185
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4118 Seabreeze Rd N Mobile, AL	3.0	1.0	1088	$1,100	$1.01	45d	1	0.11mi
5155 Ridgedale Rd Mobile, AL	3.0	1.5	1263	$1,400	$1.11	15d	1	0.29mi
833 S University Blvd Mobile, AL	1.0–2.0	1.0–2.0	855	$1,190	$1.39	15d	12	0.31mi
550 Tamworth Ct Mobile, AL	3.0	1.0	1000	$1,295	$1.29	45d	1	0.42mi
552 Tamworth Ct Mobile, AL	3.0	1.0	1100	$1,450	$1.32	45d	1	0.44mi
4057 Gaylark Rd N Mobile, AL	3.0	1.0	1080	$1,275	$1.18	22d	1	0.45mi
701 S University Blvd Mobile, AL	2.0	1.0	692	$1,093	$1.58	22d	10	0.56mi
4161 Rebecca Rd Mobile, AL	3.0	1.0	1214	$1,500	$1.24	15d	1	0.57mi
654 Ynestra Dr Mobile, AL	3.0	1.5	1134	$1,300	$1.15	15d	1	0.70mi
4077 Lancewood Dr S Mobile, AL	4.0	1.0	1283	$1,600	$1.25	45d	1	0.76mi
900 Downtowner Blvd Mobile, AL	1.0–3.0	1.0–2.5	1029	$1,449	$1.41	15d	32	0.81mi
4213 Malibar Dr Mobile, AL	3.0	1.0	1100	$1,458	$1.33	22d	1	0.83mi
4242 Marmora Dr Mobile, AL	3.0	1.5	1053	$1,500	$1.42	45d	1	0.87mi
3800 Michael Blvd Mobile, AL	1.0–2.0	1.0–2.0	854	$942	$1.10	15d	15	0.87mi
506 Seville Dr Mobile, AL	3.0	1.5	1200	$1,350	$1.12	15d	1	0.96mi
651 Azalea Rd Mobile, AL	2.0–3.0	1.0–1.5	890	$1,232	$1.38	45d	1	0.96mi
5900 Grelot Rd Mobile, AL	2.0	2.0–2.5	1259	$1,600	$1.27	15d	2	1.17mi
561 Village Green Dr E Mobile, AL	2.0	1.0	880	$1,000	$1.14	15d	4	1.18mi
4670 Rosewood Dr Mobile, AL	3.0	2.0	1192	$1,200	$1.01	15d	1	1.24mi
1651 Knollwood Dr Mobile, AL	1.0–2.0	1.0–2.0	835	$1,247	$1.49	15d	16	1.27mi
3993 Cottage Hill Rd Mobile, AL	2.0	1.5	1150	$895	$0.78	45d	1	1.29mi
3920 Berwyn Dr S Mobile, AL	1.0–3.0	1.0–2.0	1427	$1,700	$1.19	15d	34	1.32mi
3600 Michael Blvd Mobile, AL	2.0	1.5	750	$949	$1.27	15d	3	1.43mi
1030 Montlimar Dr Mobile, AL	1.0–3.0	1.0–2.0	997	$1,509	$1.51	15d	17	1.45mi
6075 Grelot Rd Mobile, AL	2.0	1.0	1050	$1,215	$1.16	15d	1	1.46mi

Listing history 18 events

1. 2026-06-21
   days on market $139,500 Active 37 DOM
2. 2026-06-18
   days on market $139,500 Active 34 DOM
3. 2026-06-18
   remarks 654-char remark
4. 2026-06-15
   days on market $139,500 Active 33 DOM
5. 2026-06-14
   days on market $139,500 Active 31 DOM
6. 2026-06-13
   days on market $139,500 Active 30 DOM
7. 2026-06-10
   days on market $139,500 Active 28 DOM
8. 2026-06-09
   days on market $139,500 Active 27 DOM
9. 2026-06-08
   days on market $139,500 Active 26 DOM
10. 2026-06-07
    days on market $139,500 Active 25 DOM
11. 2026-06-05
    days on market $139,500 Active 22 DOM
12. 2026-06-03
    days on market $139,500 Active 21 DOM
13. 2026-06-02
    days on market $139,500 Active 20 DOM
14. 2026-06-01
    days on market $139,500 Active 19 DOM
15. 2026-05-31
    days on market $139,500 Active 18 DOM
16. 2026-05-30
    days on market $139,500 Active 17 DOM
17. 2026-05-07
    listed $139,500 Active 650-char remark
18. 2008-05-02
    soldstatus $78,294

ⓘ 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: $465 · $39/mo
• Projected year-2 tax: $572 · $48/mo
• Expected delta: +$107/yr (+$9/mo · 23.0%)

ⓘ 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: $15,512
• − Mortgage interest: −$7,814
• − Property taxes: −$465
• − Insurance: −$698
• − Repairs & maintenance: −$1,241
• − Management: −$1,241
• − Depreciation: −$4,058
• Taxable loss: −$5
• Est. tax savings @ 24.0%: +$1
• After-tax cash flow: $2,315/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

+78.2% since first listed

7 events — show timeline

• 2026-06-18 Relisted — GCMLS AL
• 2026-06-15 Delisted — GCMLS AL
• 2026-05-27 Relisted — GCMLS AL
• 2026-05-21 Pending — GCMLS AL
• 2026-05-21 Contingent — GCMLS AL
• 2026-05-07 Listed $139,500 GCMLS AL
• 2008-05-02 Sold (Public Records) $78,294 Public Records

Property tax history

+5.1%/yr

Latest (2025): $465 · +7.6% YoY. Source: county tax records.