6847 San Marino Dr · Mobile, AL 36582

$99,120

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 181 Days on market

Built 1988 0.46 ac lot $103/sqft · 27% above area Est $95k · at est.

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +5.6/15.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for a move-in ready home your wallet will like? Welcome Home to this charming cottage located only minutes from Mobile Bay! This home is situated in an USDA eligible area- meaning zero downpayment if you are deemed eligible. Home offers refreshing, updated interior paint plus vinyl flooring throughout, 3 bedrooms with a flex room which could be converted to a 4th bedroom, office or bonus room and 2 full bathrooms with an updated vanity. Upon entry, you are greeted with natural light which carries throughout and makes you feel right at home. Each bedroom has generous closet space for storage needs plus your primary room offers built in shelving for added decor. Home is complete with a metal roof which makes those rainy days a little easier to handle! Updated condenser installed to feature a full heating and cooling central HVAC system for an added peace of mind on those warm summer days and cool Alabama winter nights. This home has great rent potential for an investor or the ability to find a home at an affordable price! Walk outside and enjoy your level, half an acre lot for all the play, bonfires, hobbies or peace you desire. There is ability to add a workshop, pole barn or large shed for extra storage. The options are endless and able to be dreamed up with this home! Call today to schedule your showing or for more information. Welcome Home! Buyer and/or buyers agent to verify all information. Buyer to verify all information during due diligence.

Key facts

• 0.46 acre lot
• Built 1988
• Listed 180 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $206 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $87k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.0% 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: 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: 250 active listings in the ZIP; 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 $685 of loan paydown is wiped out by about $3k 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 181 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago; this cycle's ask has dropped $25k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $99k implies a 230% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,225 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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.
8. 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.
9. 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: 1.56% ✓
• Cap rate: 13.95%
• Cash-on-cash: 27.36%
• DSCR: 2.22
• GRM: 5.3

CMA / ARV

• ARV (median comp): $95,009
• List price: $99,120
• Delta: 4.33%
• Verdict: FAIR
• Comps: 15 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7005 San Marino Dr	0.22mi	3/2.0	1,063 (+11%)	24mo	$34,000	$32	48

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -2.6%
• Equity multiple: 0.90×
• Total profit: $-2,701
• Equity at exit: $14,779

10-year hold

• IRR: 7.3%
• Equity multiple: 1.56×
• Total profit: $15,486
• Equity at exit: $8,570

Cash invested: $27,754 (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 36582

• Home prices YoY: -19.1%
• Active inventory: 250
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,550 medium
• Mortgage (P&I): −$520
• Tax from tax record: −$31 /mo · $372/yr
• Insurance: −$41
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $206

Break-even live

Break-even rent $1,289

Max offer price $99,120

Occupancy floor 82%

Sensitivity live

Price	-10% $262	-5% $234	+0% $206	+5% $178	+10% $150
Rent	-10% $84	-5% $145	+0% $206	+5% $267	+10% $329
Rate	-1.0pp $256	-0.5pp $231	base $206	+0.5pp $181	+1.0pp $154

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: $24,780
• Closing costs: $2,974
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-06-18
   days on market $99,120 Active 181 DOM
2. 2026-06-17
   days on market $99,120 Active 180 DOM
3. 2026-06-16
   days on market $99,120 Active 179 DOM
4. 2026-06-15
   days on market $99,120 Active 178 DOM
5. 2026-06-14
   days on market $99,120 Active 176 DOM
6. 2026-06-13
   days on market $99,120 Active 175 DOM
7. 2026-06-10
   days on market $99,120 Active 173 DOM
8. 2026-06-09
   days on market $99,120 Active 172 DOM
9. 2026-06-08
   days on market $99,120 Active 171 DOM
10. 2026-06-07
    days on market $99,120 Active 170 DOM
11. 2026-06-05
    days on market $99,120 Active 167 DOM
12. 2026-06-03
    days on market $99,120 Active 166 DOM
13. 2026-06-02
    days on market $99,120 Active 165 DOM
14. 2026-06-01
    days on market $99,120 Active 164 DOM
15. 2026-05-31
    days on market $99,120 Active 163 DOM
16. 2026-05-30
    days on market $99,120 Active 162 DOM
17. 2026-04-01
    price $99,120 1479-char remark

    Show marketing remark (1479 chars)

    Looking for a move-in ready home your wallet will like? Welcome Home to this charming cottage located only minutes from Mobile Bay! This home is situated in an USDA eligible area- meaning zero downpayment if you are deemed eligible. Home offers refreshing, updated interior paint plus vinyl flooring throughout, 3 bedrooms with a flex room which could be converted to a 4th bedroom, office or bonus room and 2 full bathrooms with an updated vanity. Upon entry, you are greeted with natural light which carries throughout and makes you feel right at home. Each bedroom has generous closet space for storage needs plus your primary room offers built in shelving for added decor. Home is complete with a metal roof which makes those rainy days a little easier to handle! Updated condenser installed to feature a full heating and cooling central HVAC system for an added peace of mind on those warm summer days and cool Alabama winter nights. This home has great rent potential for an investor or the ability to find a home at an affordable price! Walk outside and enjoy your level, half an acre lot for all the play, bonfires, hobbies or peace you desire. There is ability to add a workshop, pole barn or large shed for extra storage. The options are endless and able to be dreamed up with this home! Call today to schedule your showing or for more information. Welcome Home! Buyer and/or buyers agent to verify all information. Buyer to verify all information during due diligence.

18. 2026-03-26
    price $99,120 1607-char remark

    Show marketing remark (1607 chars)

    Looking for a move-in ready home your wallet will like? Welcome Home to this charming cottage located only minutes from Mobile Bay! Seller will entertain values between the lower and upper values of $99,000 and $120,000. This home is situated in an USDA eligible area- meaning zero down payment if you are deemed eligible. Home offers refreshing, updated interior paint plus vinyl flooring throughout, 3 bedrooms with a flex room which could be converted to a 4th bedroom, office or bonus room and 2 full bathrooms with an updated vanity. Upon entry, you are greeted with natural light which carries throughout and makes you feel right at home. Each bedroom has generous closet space for storage needs plus your primary room offers built in shelving for added decor. Home is complete with a metal roof which makes those rainy days a little easier to handle! Updated condenser installed to feature a full heating and cooling central HVAC system for an added peace of mind on those warm summer days and cool Alabama winter nights. This home has great rent potential for an investor or the ability to find a home at an affordable price! Walk outside and enjoy your level, half an acre lot for all the play, bonfires, hobbies or peace you desire. There is ability to add a workshop, pole barn or large shed for extra storage. The options are endless and able to be dreamed up with this home! Seller will consider owner finance with strong and acceptable offer terms. Call today to schedule your showing or for more information. Welcome Home! Buyer and/or buyers agent to verify all information.

19. 2026-02-21
    price $119,500 1607-char remark

    Show marketing remark (1607 chars)

    Looking for a move-in ready home your wallet will like? Welcome Home to this charming cottage located only minutes from Mobile Bay! Seller will entertain values between the lower and upper values of $99,000 and $120,000. This home is situated in an USDA eligible area- meaning zero down payment if you are deemed eligible. Home offers refreshing, updated interior paint plus vinyl flooring throughout, 3 bedrooms with a flex room which could be converted to a 4th bedroom, office or bonus room and 2 full bathrooms with an updated vanity. Upon entry, you are greeted with natural light which carries throughout and makes you feel right at home. Each bedroom has generous closet space for storage needs plus your primary room offers built in shelving for added decor. Home is complete with a metal roof which makes those rainy days a little easier to handle! Updated condenser installed to feature a full heating and cooling central HVAC system for an added peace of mind on those warm summer days and cool Alabama winter nights. This home has great rent potential for an investor or the ability to find a home at an affordable price! Walk outside and enjoy your level, half an acre lot for all the play, bonfires, hobbies or peace you desire. There is ability to add a workshop, pole barn or large shed for extra storage. The options are endless and able to be dreamed up with this home! Seller will consider owner finance with strong and acceptable offer terms. Call today to schedule your showing or for more information. Welcome Home! Buyer and/or buyers agent to verify all information.

20. 2025-12-20
    listed $124,500 Active 1479-char remark

    Show marketing remark (1479 chars)

    Looking for a move-in ready home your wallet will like? Welcome Home to this charming cottage located only minutes from Mobile Bay! This home is situated in an USDA eligible area- meaning zero downpayment if you are deemed eligible. Home offers refreshing, updated interior paint plus vinyl flooring throughout, 3 bedrooms with a flex room which could be converted to a 4th bedroom, office or bonus room and 2 full bathrooms with an updated vanity. Upon entry, you are greeted with natural light which carries throughout and makes you feel right at home. Each bedroom has generous closet space for storage needs plus your primary room offers built in shelving for added decor. Home is complete with a metal roof which makes those rainy days a little easier to handle! Updated condenser installed to feature a full heating and cooling central HVAC system for an added peace of mind on those warm summer days and cool Alabama winter nights. This home has great rent potential for an investor or the ability to find a home at an affordable price! Walk outside and enjoy your level, half an acre lot for all the play, bonfires, hobbies or peace you desire. There is ability to add a workshop, pole barn or large shed for extra storage. The options are endless and able to be dreamed up with this home! Call today to schedule your showing or for more information. Welcome Home! Buyer and/or buyers agent to verify all information. Buyer to verify all information during due diligence.

21. 2025-11-25
    listed $124,500 Active 1607-char remark

    Show marketing remark (1607 chars)

    Looking for a move-in ready home your wallet will like? Welcome Home to this charming cottage located only minutes from Mobile Bay! Seller will entertain values between the lower and upper values of $99,000 and $120,000. This home is situated in an USDA eligible area- meaning zero down payment if you are deemed eligible. Home offers refreshing, updated interior paint plus vinyl flooring throughout, 3 bedrooms with a flex room which could be converted to a 4th bedroom, office or bonus room and 2 full bathrooms with an updated vanity. Upon entry, you are greeted with natural light which carries throughout and makes you feel right at home. Each bedroom has generous closet space for storage needs plus your primary room offers built in shelving for added decor. Home is complete with a metal roof which makes those rainy days a little easier to handle! Updated condenser installed to feature a full heating and cooling central HVAC system for an added peace of mind on those warm summer days and cool Alabama winter nights. This home has great rent potential for an investor or the ability to find a home at an affordable price! Walk outside and enjoy your level, half an acre lot for all the play, bonfires, hobbies or peace you desire. There is ability to add a workshop, pole barn or large shed for extra storage. The options are endless and able to be dreamed up with this home! Seller will consider owner finance with strong and acceptable offer terms. Call today to schedule your showing or for more information. Welcome Home! Buyer and/or buyers agent to verify all information.

22. 2025-11-21
    historical $124,500 1479-char remark

    Show marketing remark (1479 chars)

    Looking for a move-in ready home your wallet will like? Welcome Home to this charming cottage located only minutes from Mobile Bay! This home is situated in an USDA eligible area- meaning zero downpayment if you are deemed eligible. Home offers refreshing, updated interior paint plus vinyl flooring throughout, 3 bedrooms with a flex room which could be converted to a 4th bedroom, office or bonus room and 2 full bathrooms with an updated vanity. Upon entry, you are greeted with natural light which carries throughout and makes you feel right at home. Each bedroom has generous closet space for storage needs plus your primary room offers built in shelving for added decor. Home is complete with a metal roof which makes those rainy days a little easier to handle! Updated condenser installed to feature a full heating and cooling central HVAC system for an added peace of mind on those warm summer days and cool Alabama winter nights. This home has great rent potential for an investor or the ability to find a home at an affordable price! Walk outside and enjoy your level, half an acre lot for all the play, bonfires, hobbies or peace you desire. There is ability to add a workshop, pole barn or large shed for extra storage. The options are endless and able to be dreamed up with this home! Call today to schedule your showing or for more information. Welcome Home! Buyer and/or buyers agent to verify all information. Buyer to verify all information during due diligence.

23. 2025-11-20
    historical $124,500 1607-char remark

    Show marketing remark (1607 chars)

    Looking for a move-in ready home your wallet will like? Welcome Home to this charming cottage located only minutes from Mobile Bay! Seller will entertain values between the lower and upper values of $99,000 and $120,000. This home is situated in an USDA eligible area- meaning zero down payment if you are deemed eligible. Home offers refreshing, updated interior paint plus vinyl flooring throughout, 3 bedrooms with a flex room which could be converted to a 4th bedroom, office or bonus room and 2 full bathrooms with an updated vanity. Upon entry, you are greeted with natural light which carries throughout and makes you feel right at home. Each bedroom has generous closet space for storage needs plus your primary room offers built in shelving for added decor. Home is complete with a metal roof which makes those rainy days a little easier to handle! Updated condenser installed to feature a full heating and cooling central HVAC system for an added peace of mind on those warm summer days and cool Alabama winter nights. This home has great rent potential for an investor or the ability to find a home at an affordable price! Walk outside and enjoy your level, half an acre lot for all the play, bonfires, hobbies or peace you desire. There is ability to add a workshop, pole barn or large shed for extra storage. The options are endless and able to be dreamed up with this home! Seller will consider owner finance with strong and acceptable offer terms. Call today to schedule your showing or for more information. Welcome Home! Buyer and/or buyers agent to verify all information.

24. 2024-05-28
    soldstatus $30,000 Closed
25. 2024-05-15
    status Pending
26. 2024-05-09
    price $40,000
27. 2024-03-15
    price $42,000
28. 2024-01-17
    status Active
29. 2023-12-27
    status Pending
30. 2023-12-12
    status Active
31. 2023-12-07
    status Pending
32. 2023-11-10
    price $45,000
33. 2023-09-14
    listed $50,000 Active
34. 2008-05-06
    soldstatus $70,000

ⓘ 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: $372 · $31/mo
• Projected year-2 tax: $406 · $34/mo
• Expected delta: +$34/yr (+$3/mo · 9.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 22 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: $18,606
• − Mortgage interest: −$5,552
• − Property taxes: −$372
• − Insurance: −$5,614
• − Repairs & maintenance: −$1,488
• − Management: −$1,488
• − Depreciation: −$2,883
• Taxable income: $1,206
• Est. tax owed @ 24.0%: −$290
• After-tax cash flow: $2,185/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

• County: Mobile County · 246,577 people
• City population: 205,729
• Metro: Mobile, AL
• Population (ZIP): 23,705
• Household income: $64,763
• Rent vs Own: 20.1% rent · 79.9% own
• Severe rent burden: 431.0

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 (73%)
• Race & ethnicity: White 73% Black 18% Two or more races 4% Hispanic / Latino 3% Asian 2%
• Common ancestry: Slovak 3% Serbian 2% Lithuanian 2%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 95% English-only · Spanish 3% 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: ▼ -49.61%
• Current HPI: 209.7621
• Rent YoY: —
• 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

+41.6% since first listed

18 events — show timeline

• 2026-04-01 Price Changed $99,120 BCAR
• 2026-03-26 Price Changed $99,120 GCMLS AL
• 2026-02-21 Price Changed $119,500 GCMLS AL
• 2025-12-20 Listed $124,500 BCAR
• 2025-11-25 Listed $124,500 GCMLS AL
• 2025-11-21 Coming Soon $124,500 BCAR
• 2025-11-20 Coming Soon $124,500 GCMLS AL
• 2024-05-28 Sold (MLS) $30,000 GCMLS AL
• 2024-05-15 Pending — GCMLS AL
• 2024-05-09 Price Changed $40,000 GCMLS AL
• 2024-03-15 Price Changed $42,000 GCMLS AL
• 2024-01-17 Relisted — GCMLS AL
• 2023-12-27 Pending — GCMLS AL
• 2023-12-12 Relisted — GCMLS AL
• 2023-12-07 Pending — GCMLS AL
• 2023-11-10 Price Changed $45,000 GCMLS AL
• 2023-09-14 Listed $50,000 GCMLS AL
• 2008-05-06 Sold (Public Records) $70,000 Public Records

Property tax history

-1.9%/yr

Latest (2025): $372 · +3.2% YoY. Source: county tax records.