5476 Henning Dr W · Mobile, AL 36619

$399,449

3 bd · 3.0 ba · 2,478 sqft · SingleFamily public records · 189 Days on market

Built 2005 0.34 ac lot $161/sqft · 28% above area Est $312k · 28% over $21/mo HOA ↓ 17% since listing

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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 +26.7/30.0
• DSCR +9.2/10.0
• 1% rule +6.1/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

VRM: Seller will entertain offers between $399,000 and $449,000. Welcome to 5479 Henning Dr W — a spacious and beautifully updated 4-bedroom, 2.5-bathroom home, with an office offering 2,478 square feet of comfortable, modern living. From the moment you step inside, you’re greeted by an inviting open-concept floor plan and a large living room perfect for gathering with family and friends. The kitchen is a true highlight, featuring beautifully painted white cabinets, stainless steel appliances, and plenty of countertop space for meal prep and entertaining. Throughout the home, you’ll find a stylish blend of hardwood, tile, and vinyl flooring that enhances both durability and design. The primary suite is a relaxing retreat, with a master bathroom showcasing a separate tub and shower and shiplap-accented walls for a charming, modern farmhouse feel. The main floor also includes a dedicated exercise room, offering added convenience and flexibility. Upstairs, a generous bonus room provides endless possibilities—use it as a media room, playroom, office, or extra guest space. Step outside to your own private oasis. The backyard features a beautiful pool and hot tub, a covered back porch, and a large yard ideal for outdoor entertaining, grilling, or simply unwinding after a long day. This home truly has it all—space, style, and the perfect setup for both everyday living and entertaining. Don’t miss your chance to make it yours!

Key facts

• Generous bonus room
• Beautiful pool
• 0.34 acre lot

Tags

• OPEN-CONCEPT FLOOR PLAN
• STAINLESS STEEL APPLIANCES
• HARDWOOD TILE VINYL FLOORING
• DEDICATED EXERCISE ROOM
• GENEROUS BONUS ROOM
• BEAUTIFUL POOL

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $399k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $399k).
• Recommended offer: $352k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.5% 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: 142 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $112k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 189 days — a 12% lower offer ($352k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $80k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $351,515 (12.0% below list)

Questions for the listing agent

1. It's been on market 189 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.11% ✓
• Cap rate: 9.54%
• Cash-on-cash: 11.61%
• DSCR: 1.52
• GRM: 7.5

CMA / ARV

• ARV (median comp): $312,252
• List price: $399,449
• Delta: 27.93%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5424 W Henning Dr	0.19mi	4/3.0 (+1)	2,345 (-5%)	3mo	$367,750	$157	75
5414 River Landing Dr	0.04mi	4/3.0 (+1)	2,528 (+2%)	19mo	$509,000	$201	74
5428 Henning Dr W	0.18mi	4/3.0 (+1)	2,684 (+8%)	12mo	$348,000	$130	63
5316 Worth Dr	0.32mi	3/3.0	2,164 (-13%)	5mo	$355,000	$164	59
3720 Rabbit Creek Ct	0.67mi	4/2.0 (+1)	2,475 (-0%)	1mo	$527,400	$213	59
5039 W Cole Dr	0.69mi	4/2.0 (+1)	2,532 (+2%)	7mo	$415,000	$164	49
3851 Schwartz Ln	0.38mi	3/2.0	2,137 (-14%)	20mo	$499,999	$234	39
5639 Gulf Creek Cir	0.41mi	4/3.5 (+1)	2,795 (+13%)	19mo	$512,000	$183	37
—	0.38mi	2/2.0 (-1)	2,137 (-14%)	20mo	$499,999	$234	34
3670 Rabbit Creek Ct	0.70mi	4/2.0 (+1)	2,158 (-13%)	13mo	$210,000	$97	26

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: 1.0%
• Equity multiple: 1.04×
• Total profit: $4,074
• Equity at exit: $59,559

10-year hold

• IRR: 10.6%
• Equity multiple: 1.82×
• Total profit: $91,770
• Equity at exit: $34,537

Cash invested: $111,846 (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 36619

• Home prices YoY: -20.8%
• Active inventory: 142
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $4,450 medium
• Mortgage (P&I): −$2,095
• Tax from tax record: −$151 /mo · $1,811/yr
• Insurance: −$166
• HOA: −$21
• Vacancy / Maint / Mgmt: −$934
• Net cashflow: $1,082

Break-even live

Break-even rent $3,080

Max offer price $399,449

Occupancy floor 71%

Sensitivity live

Price	-10% $1,308	-5% $1,195	+0% $1,082	+5% $969	+10% $856
Rent	-10% $731	-5% $907	+0% $1,082	+5% $1,258	+10% $1,434
Rate	-1.0pp $1,284	-0.5pp $1,184	base $1,082	+0.5pp $979	+1.0pp $874

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: $99,862
• Closing costs: $11,983
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5436 Rabbit Creek Dr #9 Theodore, AL	3.0	3.0	3260	$4,450	$1.37	44d	1	0.42mi

HOA detail

• Monthly dues: $21 · $252/yr
• Likely covers: pool

Listing history 23 events

1. 2026-06-18
   days on market $399,449 Active 189 DOM
2. 2026-06-17
   days on market $399,449 Active 188 DOM
3. 2026-06-16
   days on market $399,449 Active 187 DOM
4. 2026-06-15
   days on market $399,449 Active 186 DOM
5. 2026-06-14
   days on market $399,449 Active 184 DOM
6. 2026-06-13
   days on market $399,449 Active 183 DOM
7. 2026-06-10
   days on market $399,449 Active 181 DOM
8. 2026-06-09
   days on market $399,449 Active 180 DOM
9. 2026-06-08
   days on market $399,449 Active 179 DOM
10. 2026-06-07
    days on market $399,449 Active 178 DOM
11. 2026-06-05
    days on market $399,449 Active 175 DOM
12. 2026-06-03
    days on market $399,449 Active 174 DOM
13. 2026-06-02
    days on market $399,449 Active 173 DOM
14. 2026-06-01
    days on market $399,449 Active 172 DOM
15. 2026-05-31
    days on market $399,449 Active 171 DOM
16. 2026-05-30
    days on market $399,449 Active 170 DOM
17. 2026-02-27
    status Active 1493-char remark

    Show marketing remark (1493 chars)

    VRM: Seller will entertain offers between $399,000 and $449,000. Welcome to 5479 Henning Dr W — a spacious and beautifully updated 4-bedroom, 2.5-bathroom home, with an office offering 2,478 square feet of comfortable, modern living. From the moment you step inside, you’re greeted by an inviting open-concept floor plan and a large living room perfect for gathering with family and friends. The kitchen is a true highlight, featuring beautifully painted white cabinets, stainless steel appliances, and plenty of countertop space for meal prep and entertaining. Throughout the home, you’ll find a stylish blend of hardwood, tile, and vinyl flooring that enhances both durability and design. The primary suite is a relaxing retreat, with a master bathroom showcasing a separate tub and shower and shiplap-accented walls for a charming, modern farmhouse feel. The main floor also includes a dedicated exercise room, offering added convenience and flexibility. Upstairs, a generous bonus room provides endless possibilities—use it as a media room, playroom, office, or extra guest space. Step outside to your own private oasis. The backyard features a beautiful pool and hot tub, a covered back porch, and a large yard ideal for outdoor entertaining, grilling, or simply unwinding after a long day. This home truly has it all—space, style, and the perfect setup for both everyday living and entertaining. Don’t miss your chance to make it yours!

18. 2026-02-19
    historical 1493-char remark

    Show marketing remark (1493 chars)

    VRM: Seller will entertain offers between $399,000 and $449,000. Welcome to 5479 Henning Dr W — a spacious and beautifully updated 4-bedroom, 2.5-bathroom home, with an office offering 2,478 square feet of comfortable, modern living. From the moment you step inside, you’re greeted by an inviting open-concept floor plan and a large living room perfect for gathering with family and friends. The kitchen is a true highlight, featuring beautifully painted white cabinets, stainless steel appliances, and plenty of countertop space for meal prep and entertaining. Throughout the home, you’ll find a stylish blend of hardwood, tile, and vinyl flooring that enhances both durability and design. The primary suite is a relaxing retreat, with a master bathroom showcasing a separate tub and shower and shiplap-accented walls for a charming, modern farmhouse feel. The main floor also includes a dedicated exercise room, offering added convenience and flexibility. Upstairs, a generous bonus room provides endless possibilities—use it as a media room, playroom, office, or extra guest space. Step outside to your own private oasis. The backyard features a beautiful pool and hot tub, a covered back porch, and a large yard ideal for outdoor entertaining, grilling, or simply unwinding after a long day. This home truly has it all—space, style, and the perfect setup for both everyday living and entertaining. Don’t miss your chance to make it yours!

19. 2026-01-19
    price $399,449 1493-char remark

    Show marketing remark (1493 chars)

    VRM: Seller will entertain offers between $399,000 and $449,000. Welcome to 5479 Henning Dr W — a spacious and beautifully updated 4-bedroom, 2.5-bathroom home, with an office offering 2,478 square feet of comfortable, modern living. From the moment you step inside, you’re greeted by an inviting open-concept floor plan and a large living room perfect for gathering with family and friends. The kitchen is a true highlight, featuring beautifully painted white cabinets, stainless steel appliances, and plenty of countertop space for meal prep and entertaining. Throughout the home, you’ll find a stylish blend of hardwood, tile, and vinyl flooring that enhances both durability and design. The primary suite is a relaxing retreat, with a master bathroom showcasing a separate tub and shower and shiplap-accented walls for a charming, modern farmhouse feel. The main floor also includes a dedicated exercise room, offering added convenience and flexibility. Upstairs, a generous bonus room provides endless possibilities—use it as a media room, playroom, office, or extra guest space. Step outside to your own private oasis. The backyard features a beautiful pool and hot tub, a covered back porch, and a large yard ideal for outdoor entertaining, grilling, or simply unwinding after a long day. This home truly has it all—space, style, and the perfect setup for both everyday living and entertaining. Don’t miss your chance to make it yours!

20. 2026-01-02
    price $419,469 1493-char remark

    Show marketing remark (1493 chars)

    VRM: Seller will entertain offers between $399,000 and $449,000. Welcome to 5479 Henning Dr W — a spacious and beautifully updated 4-bedroom, 2.5-bathroom home, with an office offering 2,478 square feet of comfortable, modern living. From the moment you step inside, you’re greeted by an inviting open-concept floor plan and a large living room perfect for gathering with family and friends. The kitchen is a true highlight, featuring beautifully painted white cabinets, stainless steel appliances, and plenty of countertop space for meal prep and entertaining. Throughout the home, you’ll find a stylish blend of hardwood, tile, and vinyl flooring that enhances both durability and design. The primary suite is a relaxing retreat, with a master bathroom showcasing a separate tub and shower and shiplap-accented walls for a charming, modern farmhouse feel. The main floor also includes a dedicated exercise room, offering added convenience and flexibility. Upstairs, a generous bonus room provides endless possibilities—use it as a media room, playroom, office, or extra guest space. Step outside to your own private oasis. The backyard features a beautiful pool and hot tub, a covered back porch, and a large yard ideal for outdoor entertaining, grilling, or simply unwinding after a long day. This home truly has it all—space, style, and the perfect setup for both everyday living and entertaining. Don’t miss your chance to make it yours!

21. 2025-12-23
    price $439,479 1493-char remark

    Show marketing remark (1493 chars)

    VRM: Seller will entertain offers between $399,000 and $449,000. Welcome to 5479 Henning Dr W — a spacious and beautifully updated 4-bedroom, 2.5-bathroom home, with an office offering 2,478 square feet of comfortable, modern living. From the moment you step inside, you’re greeted by an inviting open-concept floor plan and a large living room perfect for gathering with family and friends. The kitchen is a true highlight, featuring beautifully painted white cabinets, stainless steel appliances, and plenty of countertop space for meal prep and entertaining. Throughout the home, you’ll find a stylish blend of hardwood, tile, and vinyl flooring that enhances both durability and design. The primary suite is a relaxing retreat, with a master bathroom showcasing a separate tub and shower and shiplap-accented walls for a charming, modern farmhouse feel. The main floor also includes a dedicated exercise room, offering added convenience and flexibility. Upstairs, a generous bonus room provides endless possibilities—use it as a media room, playroom, office, or extra guest space. Step outside to your own private oasis. The backyard features a beautiful pool and hot tub, a covered back porch, and a large yard ideal for outdoor entertaining, grilling, or simply unwinding after a long day. This home truly has it all—space, style, and the perfect setup for both everyday living and entertaining. Don’t miss your chance to make it yours!

22. 2025-12-15
    price $449,489 1493-char remark

    Show marketing remark (1493 chars)

    VRM: Seller will entertain offers between $399,000 and $449,000. Welcome to 5479 Henning Dr W — a spacious and beautifully updated 4-bedroom, 2.5-bathroom home, with an office offering 2,478 square feet of comfortable, modern living. From the moment you step inside, you’re greeted by an inviting open-concept floor plan and a large living room perfect for gathering with family and friends. The kitchen is a true highlight, featuring beautifully painted white cabinets, stainless steel appliances, and plenty of countertop space for meal prep and entertaining. Throughout the home, you’ll find a stylish blend of hardwood, tile, and vinyl flooring that enhances both durability and design. The primary suite is a relaxing retreat, with a master bathroom showcasing a separate tub and shower and shiplap-accented walls for a charming, modern farmhouse feel. The main floor also includes a dedicated exercise room, offering added convenience and flexibility. Upstairs, a generous bonus room provides endless possibilities—use it as a media room, playroom, office, or extra guest space. Step outside to your own private oasis. The backyard features a beautiful pool and hot tub, a covered back porch, and a large yard ideal for outdoor entertaining, grilling, or simply unwinding after a long day. This home truly has it all—space, style, and the perfect setup for both everyday living and entertaining. Don’t miss your chance to make it yours!

23. 2025-12-04
    listed $479,499 Active 1493-char remark

    Show marketing remark (1493 chars)

    VRM: Seller will entertain offers between $399,000 and $449,000. Welcome to 5479 Henning Dr W — a spacious and beautifully updated 4-bedroom, 2.5-bathroom home, with an office offering 2,478 square feet of comfortable, modern living. From the moment you step inside, you’re greeted by an inviting open-concept floor plan and a large living room perfect for gathering with family and friends. The kitchen is a true highlight, featuring beautifully painted white cabinets, stainless steel appliances, and plenty of countertop space for meal prep and entertaining. Throughout the home, you’ll find a stylish blend of hardwood, tile, and vinyl flooring that enhances both durability and design. The primary suite is a relaxing retreat, with a master bathroom showcasing a separate tub and shower and shiplap-accented walls for a charming, modern farmhouse feel. The main floor also includes a dedicated exercise room, offering added convenience and flexibility. Upstairs, a generous bonus room provides endless possibilities—use it as a media room, playroom, office, or extra guest space. Step outside to your own private oasis. The backyard features a beautiful pool and hot tub, a covered back porch, and a large yard ideal for outdoor entertaining, grilling, or simply unwinding after a long day. This home truly has it all—space, style, and the perfect setup for both everyday living and entertaining. Don’t miss your chance to make it yours!

ⓘ 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: $1,811 · $151/mo
• Projected year-2 tax: $1,811 · $151/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 (shaded) · 53% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 23 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: $53,400
• − Mortgage interest: −$22,375
• − Property taxes: −$1,811
• − Insurance: −$1,997
• − Repairs & maintenance: −$4,272
• − Management: −$4,272
• − HOA: −$252
• − Depreciation: −$11,620
• Taxable income: $6,800
• Est. tax owed @ 24.0%: −$1,632
• After-tax cash flow: $11,356/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
• City population: 205,729
• Population (ZIP): 14,550

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 (74%)
• Race & ethnicity: White 74% Black 11% Two or more races 6% Hispanic / Latino 6% Asian 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 5% Romanian 1% Portuguese 1%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 90% English-only · Vietnamese 5% Spanish 4% 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: ▼ -51.67%
• Current HPI: 197.1074
• 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

-16.7% since first listed

7 events — show timeline

• 2026-02-27 Relisted — GCMLS AL
• 2026-02-19 Delisted — GCMLS AL
• 2026-01-19 Price Changed $399,449 GCMLS AL
• 2026-01-02 Price Changed $419,469 GCMLS AL
• 2025-12-23 Price Changed $439,479 GCMLS AL
• 2025-12-15 Price Changed $449,489 GCMLS AL
• 2025-12-04 Listed $479,499 GCMLS AL

Property tax history

+2.7%/yr

Latest (2025): $1,811 · +7.2% YoY. Source: county tax records.