312 7th St · Chickasaw, AL 36611

$119,900

6 bd · 2.0 ba · 1,286 sqft · SingleFamily public records · 67 Days on market

Built 1987 10,058 sqft lot Est $143k · 16% under

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Why this score? — see what drove the A- 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 +29.2/30.0
• ARV discount +14.7/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +7.5/10.0
• Schools +5.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Income property in Chickasaw’s West Village featuring 2 units, each unit includes 3 bedrooms, 1 bath, plus living and separate dining areas. A brand-new roof has already been installed, saving a major upfront expense. The property requires renovation to become rent-ready, making it ideal for investors looking to build equity, increase rents, or flip for profit. Partial demolition work was completed, giving you a blank canvas to finish as you like. The home sits on a level lot with a fenced section. Contact your preferred realtor to schedule a showing and add this to your portfolio. All measurements are approximate and should be verified by the buyer.

Key facts

• Level lot
• Brand-new roof
• Fenced section

Tags

• BRAND-NEW ROOF
• LEVEL LOT
• FENCED SECTION

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $418 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $113k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 7.2% in Chickasaw — 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 61/100 on livability (#237 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-, health & safety B; Watch: schools F, crime D-, amenities F.
• Market conditions: 45 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 $13k of equity ($829 loan paydown + $12k appreciation (10.0% 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 (10.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago 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 $57k; list at $120k implies a 110% 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 $112,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D 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?
6. 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.
7. 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.
8. 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: 1.25% ✓
• Cap rate: 10.48%
• Cash-on-cash: 14.95%
• DSCR: 1.67
• GRM: 6.7

CMA / ARV

• ARV (median comp): $142,631
• List price: $119,900
• Delta: -15.94%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.3%
• Equity multiple: 3.74×
• Total profit: $91,919
• Equity at exit: $108,015

10-year hold

• IRR: 30.4%
• Equity multiple: 8.44×
• Total profit: $249,702
• Equity at exit: $232,939

Cash invested: $33,572 (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 36611

• Home prices YoY: 7.0%
• Active inventory: 45
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,494 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$83 /mo · $996/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $418

Break-even live

Break-even rent $964

Max offer price $119,900

Occupancy floor 67%

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-10
   days on market $119,900 Active 67 DOM
2. 2026-06-09
   days on market $119,900 Active 66 DOM
3. 2026-06-08
   days on market $119,900 Active 65 DOM
4. 2026-06-07
   days on market $119,900 Active 64 DOM
5. 2026-06-02
   days on market $119,900 Active 60 DOM
6. 2026-06-01
   days on market $119,900 Active 59 DOM
7. 2026-05-31
   days on market $119,900 Active 58 DOM
8. 2026-05-30
   days on market $119,900 Active 57 DOM
9. 2026-04-03
   price $119,900 665-char remark

   Show marketing remark (665 chars)

   Income property in Chickasaw’s West Village featuring 2 units, each unit includes 3 bedrooms, 1 bath, plus living and separate dining areas. A brand-new roof has already been installed, saving a major upfront expense. The property requires renovation to become rent-ready, making it ideal for investors looking to build equity, increase rents, or flip for profit. Partial demolition work was completed, giving you a blank canvas to finish as you like. The home sits on a level lot with a fenced section. Contact your preferred realtor to schedule a showing and add this to your portfolio. All measurements are approximate and should be verified by the buyer.

10. 2026-04-03
    listed $119,000 Active 665-char remark

    Show marketing remark (665 chars)

    Income property in Chickasaw’s West Village featuring 2 units, each unit includes 3 bedrooms, 1 bath, plus living and separate dining areas. A brand-new roof has already been installed, saving a major upfront expense. The property requires renovation to become rent-ready, making it ideal for investors looking to build equity, increase rents, or flip for profit. Partial demolition work was completed, giving you a blank canvas to finish as you like. The home sits on a level lot with a fenced section. Contact your preferred realtor to schedule a showing and add this to your portfolio. All measurements are approximate and should be verified by the buyer.

11. 2022-12-06
    soldstatus $57,000
12. 2022-12-01
    soldstatus $57,000 Closed 624-char remark

    Show marketing remark (624 chars)

    Calling investors!!! This 2-story duplex is in need of interior renovations and updates. Both levels include 3 bedrooms and 1 bath. This home can easily be converted into a single-family home that would be perfect for a growing family. Located in Chickasaw directly across the street from the back of the school system. Easily access to shopping, parks, fishing, and walking distance to Chickasaw schools. Call your favorite realtor to make this your new investment property. Tax records indicate effective year built 1987. The actual year is not reflected. Measurements are estimates and should be verified by buyer.

13. 2022-11-21
    status Pending 624-char remark

    Show marketing remark (624 chars)

    Calling investors!!! This 2-story duplex is in need of interior renovations and updates. Both levels include 3 bedrooms and 1 bath. This home can easily be converted into a single-family home that would be perfect for a growing family. Located in Chickasaw directly across the street from the back of the school system. Easily access to shopping, parks, fishing, and walking distance to Chickasaw schools. Call your favorite realtor to make this your new investment property. Tax records indicate effective year built 1987. The actual year is not reflected. Measurements are estimates and should be verified by buyer.

14. 2022-10-13
    price $63,000 624-char remark

    Show marketing remark (624 chars)

    Calling investors!!! This 2-story duplex is in need of interior renovations and updates. Both levels include 3 bedrooms and 1 bath. This home can easily be converted into a single-family home that would be perfect for a growing family. Located in Chickasaw directly across the street from the back of the school system. Easily access to shopping, parks, fishing, and walking distance to Chickasaw schools. Call your favorite realtor to make this your new investment property. Tax records indicate effective year built 1987. The actual year is not reflected. Measurements are estimates and should be verified by buyer.

15. 2022-09-27
    listed $65,000 Active 624-char remark

    Show marketing remark (624 chars)

    Calling investors!!! This 2-story duplex is in need of interior renovations and updates. Both levels include 3 bedrooms and 1 bath. This home can easily be converted into a single-family home that would be perfect for a growing family. Located in Chickasaw directly across the street from the back of the school system. Easily access to shopping, parks, fishing, and walking distance to Chickasaw schools. Call your favorite realtor to make this your new investment property. Tax records indicate effective year built 1987. The actual year is not reflected. Measurements are estimates and should be verified by buyer.

16. 2022-05-27
    soldstatus $51,000

ⓘ 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: $996 · $83/mo
• Projected year-2 tax: $996 · $83/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 3/10 Moderate
• 🌡 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,923
• − Mortgage interest: −$6,716
• − Property taxes: −$996
• − Insurance: −$600
• − Repairs & maintenance: −$1,434
• − Management: −$1,434
• − Depreciation: −$3,488
• Taxable income: $3,256
• Est. tax owed @ 24.0%: −$781
• After-tax cash flow: $4,237/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)

No district data.

Livability — Chickasaw

• Score: 61/100
• State rank: #237
• US rank: #17438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chickasaw, AL
• City population: 6,367
• Population (ZIP): 6,367

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 0.56)
• Race & ethnicity: Black 55% White 38% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Lithuanian 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▲ 12.90%
• Current HPI: 196.621
• 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

+135.1% since first listed

8 events — show timeline

• 2026-04-03 Price Changed $119,900 GCMLS AL
• 2026-04-03 Listed $119,000 GCMLS AL
• 2022-12-06 Sold (Public Records) $57,000 Public Records
• 2022-12-01 Sold (MLS) $57,000 GCMLS AL
• 2022-11-21 Pending — GCMLS AL
• 2022-10-13 Price Changed $63,000 GCMLS AL
• 2022-09-27 Listed $65,000 GCMLS AL
• 2022-05-27 Sold (MLS) $51,000 GCMLS AL

Property tax history

+2.3%/yr

Latest (2025): $996 · +12.9% YoY. Source: county tax records.