375 Bridle Path Way · Mobile, AL 36608

$250,000

4 bd · 2.0 ba · 2,251 sqft · SingleFamily public records · 86 Days on market

Built 1979 0.26 ac lot $111/sqft · 19% below area Est $308k · 19% under

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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).

• ARV discount +15.0/15.0
• Cash flow +8.0/30.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• 1% rule +2.1/10.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

*OPEN HOUSE on GOOD FRIDAY, April 3rd @ 4-7 PM* Location! Location! Location! Looking for the home to call your own? Well look no more. This 4 bedroom, 2 bath home with over 2,200 sq. ft of living space can be yours. Oversized master bedroom ensuite with hardwood and ceramic tile throughout. The kitchen is a bakers dream. It offers plenty of space, appliances and even a double stove. Entertain your family and friends by the fireplace on those cooler evenings with plenty of space in your family room. Enjoy the privacy fenced back yard providing additional entertainment space for your enjoyment along with a large storage shed. Parking is provided by your attached 2-car carport and a large driveway for overflow needs. Don't let this beauty slip thru your fingers. Call today and schedule an appointment. The only regret you will have is if somebody else gets it before you do. Call me or your favorite realtor, today!

Key facts

• Attached carport
• Double stove
• Bakers dream kitchen

Tags

• BAKERS DREAM KITCHEN
• DOUBLE STOVE
• FIREPLACE
• PRIVACY FENCED BACK YARD
• LARGE STORAGE SHED
• ATTACHED CARPORT

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-253 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $205k (17.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $177k (29.1% below list).
• Recommended offer: $177k (29.1% below list) — sets the bar for 1% rule.

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: Rents rising fast (+6.2%/yr); 338 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).
• This rent runs 35% of the median local income ($61k/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 $2k of loan paydown is wiped out by about $8k 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 86 days — a 6% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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.

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 $177,240 (29.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.71% ✗
• Cap rate: 5.08%
• Cash-on-cash: -4.33%
• DSCR: 0.81
• GRM: 11.8

CMA / ARV

• ARV (median comp): $308,187
• List price: $250,000
• Delta: -18.88%
• 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
6661 N Hounds Run	0.08mi	4/2.0	2,187 (-3%)	4mo	$267,000	$122	88
504 Huntleigh Way	0.13mi	4/2.0	2,300 (+2%)	5mo	$230,000	$100	86
6657 S Hounds Run	0.13mi	4/2.0	2,157 (-4%)	13mo	$240,000	$111	76
6662 Hounds Run S	0.14mi	4/3.0	2,452 (+9%)	1mo	$299,500	$122	74
6612 Hounds Run N	0.07mi	4/3.0	2,475 (+10%)	9mo	$315,000	$127	68
500 Willow Brook Run E	0.27mi	4/2.0	2,000 (-11%)	1mo	$254,000	$127	68
609 BURLINGTON Ct	0.44mi	4/2.5	2,142 (-5%)	3mo	$255,000	$119	67
6405 E Willow Brook Run	0.38mi	4/2.0	2,061 (-8%)	2mo	$317,000	$154	67
6675 Hounds Run N	0.15mi	4/2.0	2,568 (+14%)	7mo	$308,000	$120	64
601 Willow Brook Run E	0.35mi	3/2.0 (-1)	2,061 (-8%)	11mo	$275,000	$133	56
6452 Cedar Bend Ct Unit A	0.31mi	3/2.5 (-1)	2,023 (-10%)	13mo	$235,500	$116	50
125 Woodruff Ct	0.45mi	3/2.0 (-1)	1,924 (-14%)	13mo	$252,500	$131	39

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 · 6.15% rent growth · sell at horizon

5-year hold

• IRR: -20.4%
• Equity multiple: 0.27×
• Total profit: $-50,837
• Equity at exit: $37,276

10-year hold

• IRR: -8.0%
• Equity multiple: 0.43×
• Total profit: $-39,710
• Equity at exit: $21,615

Cash invested: $70,000 (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 36608

• Rents YoY: 6.2%
• Active inventory: 338
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $1,772 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$238 /mo · $2,854/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $-253

Break-even live

Break-even rent $2,092

Max offer price $205,341

Occupancy floor —

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6016 Magnolia Pl E Mobile, AL	3.0	2.0	1600	$1,800	$1.12	44d	1	0.96mi

Listing history 24 events

1. 2026-06-18
   days on market $250,000 Active 86 DOM
2. 2026-06-17
   days on market $250,000 Active 85 DOM
3. 2026-06-16
   days on market $250,000 Active 84 DOM
4. 2026-06-15
   days on market $250,000 Active 83 DOM
5. 2026-06-14
   days on market $250,000 Active 81 DOM
6. 2026-06-13
   days on market $250,000 Active 80 DOM
7. 2026-06-10
   days on market $250,000 Active 78 DOM
8. 2026-06-09
   days on market $250,000 Active 77 DOM
9. 2026-06-08
   days on market $250,000 Active 76 DOM
10. 2026-06-07
    days on market $250,000 Active 75 DOM
11. 2026-06-05
    days on market $250,000 Active 72 DOM
12. 2026-06-03
    days on market $250,000 Active 71 DOM
13. 2026-06-02
    days on market $250,000 Active 70 DOM
14. 2026-06-01
    days on market $250,000 Active 69 DOM
15. 2026-05-31
    days on market $250,000 Active 68 DOM
16. 2026-05-30
    days on market $250,000 Active 67 DOM
17. 2026-05-09
    status Pending 935-char remark

    Show marketing remark (935 chars)

    *OPEN HOUSE on GOOD FRIDAY, April 3rd @ 4-7 PM* Location! Location! Location! Looking for the home to call your own? Well look no more. This 4 bedroom, 2 bath home with over 2,200 sq. ft of living space can be yours. Oversized master bedroom ensuite with hardwood and ceramic tile throughout. The kitchen is a bakers dream. It offers plenty of space, appliances and even a double stove. Entertain your family and friends by the fireplace on those cooler evenings with plenty of space in your family room. Enjoy the privacy fenced back yard providing additional entertainment space for your enjoyment along with a large storage shed. Parking is provided by your attached 2-car carport and a large driveway for overflow needs. Don't let this beauty slip thru your fingers. Call today and schedule an appointment. The only regret you will have is if somebody else gets it before you do. Call me or your favorite realtor, today!

18. 2026-05-01
    price $250,000 935-char remark

    Show marketing remark (935 chars)

    *OPEN HOUSE on GOOD FRIDAY, April 3rd @ 4-7 PM* Location! Location! Location! Looking for the home to call your own? Well look no more. This 4 bedroom, 2 bath home with over 2,200 sq. ft of living space can be yours. Oversized master bedroom ensuite with hardwood and ceramic tile throughout. The kitchen is a bakers dream. It offers plenty of space, appliances and even a double stove. Entertain your family and friends by the fireplace on those cooler evenings with plenty of space in your family room. Enjoy the privacy fenced back yard providing additional entertainment space for your enjoyment along with a large storage shed. Parking is provided by your attached 2-car carport and a large driveway for overflow needs. Don't let this beauty slip thru your fingers. Call today and schedule an appointment. The only regret you will have is if somebody else gets it before you do. Call me or your favorite realtor, today!

19. 2026-03-15
    listed $260,000 Active 935-char remark

    Show marketing remark (935 chars)

    *OPEN HOUSE on GOOD FRIDAY, April 3rd @ 4-7 PM* Location! Location! Location! Looking for the home to call your own? Well look no more. This 4 bedroom, 2 bath home with over 2,200 sq. ft of living space can be yours. Oversized master bedroom ensuite with hardwood and ceramic tile throughout. The kitchen is a bakers dream. It offers plenty of space, appliances and even a double stove. Entertain your family and friends by the fireplace on those cooler evenings with plenty of space in your family room. Enjoy the privacy fenced back yard providing additional entertainment space for your enjoyment along with a large storage shed. Parking is provided by your attached 2-car carport and a large driveway for overflow needs. Don't let this beauty slip thru your fingers. Call today and schedule an appointment. The only regret you will have is if somebody else gets it before you do. Call me or your favorite realtor, today!

20. 2022-01-21
    soldstatus $260,000
21. 2022-01-20
    soldstatus $260,000 Closed 874-char remark

    Show marketing remark (874 chars)

    Fantastic one story all brick four bedroom move in ready home. Entire interior freshly painted & no carpet in home. Kitchen renovated in 2015. Beautiful cabinets and quartz countertops with double convection oven and two dishwashers. Convenient eat in breakfast area, plus a separate dining room with hardwood floors. Home has large formal living room with window seat & hardwood floors, as well as a den area which is open to kitchen . Gas fireplace in den with access to patio area & back yard. Supersized primary bedroom with ensuite step in shower. Three guest bedrooms and nice size guest bathroom. Large laundry room with gas water heater. Attached double carport in rear of home. Level backyard is nicely landscaped & completely fenced with storage shed. Huntleigh Woods is conveniently located to shopping, dining & medical facilities.

22. 2022-01-20
    soldstatus $260,000

    Show marketing remark (874 chars)

    Fantastic one story all brick four bedroom move in ready home. Entire interior freshly painted & no carpet in home. Kitchen renovated in 2015. Beautiful cabinets and quartz countertops with double convection oven and two dishwashers. Convenient eat in breakfast area, plus a separate dining room with hardwood floors. Home has large formal living room with window seat & hardwood floors, as well as a den area which is open to kitchen . Gas fireplace in den with access to patio area & back yard. Supersized primary bedroom with ensuite step in shower. Three guest bedrooms and nice size guest bathroom. Large laundry room with gas water heater. Attached double carport in rear of home. Level backyard is nicely landscaped & completely fenced with storage shed. Huntleigh Woods is conveniently located to shopping, dining & medical facilities.

23. 2021-12-13
    status Pending 874-char remark

    Show marketing remark (874 chars)

    Fantastic one story all brick four bedroom move in ready home. Entire interior freshly painted & no carpet in home. Kitchen renovated in 2015. Beautiful cabinets and quartz countertops with double convection oven and two dishwashers. Convenient eat in breakfast area, plus a separate dining room with hardwood floors. Home has large formal living room with window seat & hardwood floors, as well as a den area which is open to kitchen . Gas fireplace in den with access to patio area & back yard. Supersized primary bedroom with ensuite step in shower. Three guest bedrooms and nice size guest bathroom. Large laundry room with gas water heater. Attached double carport in rear of home. Level backyard is nicely landscaped & completely fenced with storage shed. Huntleigh Woods is conveniently located to shopping, dining & medical facilities.

24. 2021-12-10
    listed $250,000 Active 874-char remark

    Show marketing remark (874 chars)

    Fantastic one story all brick four bedroom move in ready home. Entire interior freshly painted & no carpet in home. Kitchen renovated in 2015. Beautiful cabinets and quartz countertops with double convection oven and two dishwashers. Convenient eat in breakfast area, plus a separate dining room with hardwood floors. Home has large formal living room with window seat & hardwood floors, as well as a den area which is open to kitchen . Gas fireplace in den with access to patio area & back yard. Supersized primary bedroom with ensuite step in shower. Three guest bedrooms and nice size guest bathroom. Large laundry room with gas water heater. Attached double carport in rear of home. Level backyard is nicely landscaped & completely fenced with storage shed. Huntleigh Woods is conveniently located to shopping, dining & medical facilities.

ⓘ 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: $2,854 · $238/mo
• Projected year-2 tax: $2,854 · $238/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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,269
• − Mortgage interest: −$14,004
• − Property taxes: −$2,854
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,702
• − Management: −$1,702
• − Depreciation: −$7,273
• Taxable loss: −$7,515
• Est. tax savings @ 24.0%: +$1,803
• After-tax cash flow: $-1,230/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): 38,890
• Household income: $61,146
• Rent vs Own: 45.8% rent · 54.2% own
• Severe rent burden: 1823.0

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 0.56)
• Race & ethnicity: White 56% Black 35% Two or more races 4% Hispanic / Latino 4% Asian 2%
• Common ancestry: Lithuanian 3% Italian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 2% Arabic 1% 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: ▼ -224.52%
• Current HPI: 198.9469
• Rent YoY: ▲ 6.15%
• 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

+0.0% since first listed

8 events — show timeline

• 2026-05-09 Pending — GCMLS AL
• 2026-05-01 Price Changed $250,000 GCMLS AL
• 2026-03-15 Listed $260,000 GCMLS AL
• 2022-01-21 Sold (Public Records) $260,000 Public Records
• 2022-01-20 Sold (MLS) $260,000 GCMLS AL
• 2022-01-20 Sold (MLS) $260,000 BCAR
• 2021-12-13 Pending — BCAR
• 2021-12-10 Listed $250,000 BCAR

Property tax history

+11.3%/yr

Latest (2025): $2,854 · +7.0% YoY. Source: county tax records.