7033 Pecan Grove Ave · Mobile, AL 36582

$215,000

3 bd · 2.0 ba · 1,378 sqft · SingleFamily public records · 50 Days on market

Built 2007 0.41 ac lot $156/sqft · at area comps Est $210k · at est.

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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).

• Cash flow +15.7/30.0
• ARV discount +6.5/15.0
• DSCR +4.8/10.0
• Livability +3.8/5.0
• 1% rule +3.4/10.0
• 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

Price Improvement! Welcome to 7033 Pecan Grove Ave! This delightful 3-bedroom, 2-bathroom residence is situated in a well-established neighborhood, offering cozy amenities while being centrally located in the heart of Theodore, AL. The living room has an embellished tray ceiling and a charming fireplace. The master bedroom w/tray ceiling includes an en-suite bathroom with a tub/shower combination and a spacious walk-in closet. The secondary bedrooms are thoughtfully located on the opposite side of the house and share a convenient hall bathroom. Dedicated laundry room. Kitchen appliance package (refrigerator and stove) to be included with acceptable offer. Step into the great outdoors, where a spacious flat backyard awaits, providing ample space for the construction of a storage shed or workshop. Additionally, the home is conveniently located just minutes from Hwy 90 and Interstate 10, offering proximity to shopping and restaurants. The neighborhood elementary school is easily accessible. Schedule your private showing to view all the possibilities this home offers.

Key facts

• Landscaped backyard
• Split floor plan
• Outdoor workshop

Tags

• SPLIT FLOOR PLAN
• LANDSCAPED BACKYARD
• STORAGE SHED
• OUTDOOR WORKSHOP
• QUICK COMMUTE TO MOBILE

Property features AI

Exterior

• Parking: Driveway
• Utilities: Electricity available (110 volts); Public sewer
• Home design: Single family residence; Residential property; View available
• Construction: Brick 4 sides and other exterior materials; Built in 2007; Slab foundation; Shingle roof
• Exterior features: No exterior features listed; No fencing

Interior

• Kitchen: Cabinets (other)
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Electric fireplace; Other interior features
• Laundry & utility: Other appliances

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $94 ($1k/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 $182k (15.5% below list).
• Recommended offer: $182k (15.5% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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: Mary W Burroughs Elementary School (math 2% / reading 32%, grade F, #486 of 627 statewide, top 79%, 390 students, 85% FRL); Katherine H Hankins Middle School (math 7% / reading 38%, grade F, #180 of 257 statewide, top 70%, 808 students, 82% FRL); Theodore High School (math 10% / reading 12%, grade F, #247 of 305 statewide, top 81%, 1,280 students, 60% FRL).
• Market conditions: 253 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).
• This rent runs 34% of the median local income ($65k/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 $1k of loan paydown is wiped out by about $6k 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 50 days — a 3% lower offer ($209k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $181,646 (15.5% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 16% 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. 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?
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: 0.84% ✗
• Cap rate: 6.82%
• Cash-on-cash: 1.87%
• DSCR: 1.08
• GRM: 9.9

CMA / ARV

• ARV (median comp): $210,200
• List price: $215,000
• Delta: 2.28%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7202 Old Military Rd	0.32mi	3/2.0	1,535 (+11%)	8mo	$210,000	$137	60
7250 Oriental Ave	0.66mi	4/2.0 (+1)	1,400 (+2%)	5mo	$56,100	$40	57
5420 Helen Dr	0.64mi	3/2.0	1,460 (+6%)	6mo	$158,000	$108	55
7542 Willard Dr W	0.71mi	3/2.0	1,323 (-4%)	9mo	$206,500	$156	52
5280 Willard Dr N	0.66mi	3/2.0	1,525 (+11%)	5mo	$241,566	$158	47

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: -13.4%
• Equity multiple: 0.52×
• Total profit: $-28,934
• Equity at exit: $32,057

10-year hold

• IRR: -4.5%
• Equity multiple: 0.70×
• Total profit: $-17,761
• Equity at exit: $18,589

Cash invested: $60,200 (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: 253
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,816 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$124 /mo · $1,491/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $94

Break-even live

Break-even rent $1,698

Max offer price $215,000

Occupancy floor 90%

Sensitivity live

Price	-10% $215	-5% $155	+0% $94	+5% $33	+10% $-28
Rent	-10% $-50	-5% $22	+0% $94	+5% $165	+10% $237
Rate	-1.0pp $202	-0.5pp $148	base $94	+0.5pp $38	+1.0pp $-19

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5831 Belle Terrace Dr Theodore, AL	3.0	1.5	1485	$1,550	$1.04	45d	1	0.74mi
7669 Willard Ct Theodore, AL	3.0	2.0	1475	$1,700	$1.15	15d	1	0.93mi

Listing history 27 events

1. 2026-06-21
   days on market $215,000 Active 50 DOM
2. 2026-06-18
   days on market $215,000 Active 47 DOM
3. 2026-06-17
   days on market $215,000 Active 46 DOM
4. 2026-06-16
   days on market $215,000 Active 45 DOM
5. 2026-06-15
   days on market $215,000 Active 44 DOM
6. 2026-06-14
   days on market $215,000 Active 42 DOM
7. 2026-06-13
   days on market $215,000 Active 41 DOM
8. 2026-06-10
   days on market $215,000 Active 39 DOM
9. 2026-06-09
   days on market $215,000 Active 38 DOM
10. 2026-06-08
    days on market $215,000 Active 37 DOM
11. 2026-06-07
    days on market $215,000 Active 36 DOM
12. 2026-06-05
    days on market $215,000 Active 33 DOM
13. 2026-06-03
    days on market $215,000 Active 32 DOM
14. 2026-06-02
    days on market $215,000 Active 31 DOM
15. 2026-06-01
    days on market $215,000 Active 30 DOM
16. 2026-05-31
    days on market $215,000 Active 29 DOM
17. 2026-05-30
    days on market $215,000 Active 28 DOM
18. 2026-05-02
    listed $215,000 Active 600-char remark
19. 2024-04-15
    soldstatus $187,400
20. 2024-04-12
    soldstatus $187,400 Closed 1082-char remark

    Show marketing remark (1082 chars)

    Price Improvement! Welcome to 7033 Pecan Grove Ave! This delightful 3-bedroom, 2-bathroom residence is situated in a well-established neighborhood, offering cozy amenities while being centrally located in the heart of Theodore, AL. The living room has an embellished tray ceiling and a charming fireplace. The master bedroom w/tray ceiling includes an en-suite bathroom with a tub/shower combination and a spacious walk-in closet. The secondary bedrooms are thoughtfully located on the opposite side of the house and share a convenient hall bathroom. Dedicated laundry room. Kitchen appliance package (refrigerator and stove) to be included with acceptable offer. Step into the great outdoors, where a spacious flat backyard awaits, providing ample space for the construction of a storage shed or workshop. Additionally, the home is conveniently located just minutes from Hwy 90 and Interstate 10, offering proximity to shopping and restaurants. The neighborhood elementary school is easily accessible. Schedule your private showing to view all the possibilities this home offers.

21. 2024-02-20
    status Pending 1082-char remark

    Show marketing remark (1082 chars)

    Price Improvement! Welcome to 7033 Pecan Grove Ave! This delightful 3-bedroom, 2-bathroom residence is situated in a well-established neighborhood, offering cozy amenities while being centrally located in the heart of Theodore, AL. The living room has an embellished tray ceiling and a charming fireplace. The master bedroom w/tray ceiling includes an en-suite bathroom with a tub/shower combination and a spacious walk-in closet. The secondary bedrooms are thoughtfully located on the opposite side of the house and share a convenient hall bathroom. Dedicated laundry room. Kitchen appliance package (refrigerator and stove) to be included with acceptable offer. Step into the great outdoors, where a spacious flat backyard awaits, providing ample space for the construction of a storage shed or workshop. Additionally, the home is conveniently located just minutes from Hwy 90 and Interstate 10, offering proximity to shopping and restaurants. The neighborhood elementary school is easily accessible. Schedule your private showing to view all the possibilities this home offers.

22. 2024-02-05
    price $186,400 1082-char remark

    Show marketing remark (1082 chars)

    Price Improvement! Welcome to 7033 Pecan Grove Ave! This delightful 3-bedroom, 2-bathroom residence is situated in a well-established neighborhood, offering cozy amenities while being centrally located in the heart of Theodore, AL. The living room has an embellished tray ceiling and a charming fireplace. The master bedroom w/tray ceiling includes an en-suite bathroom with a tub/shower combination and a spacious walk-in closet. The secondary bedrooms are thoughtfully located on the opposite side of the house and share a convenient hall bathroom. Dedicated laundry room. Kitchen appliance package (refrigerator and stove) to be included with acceptable offer. Step into the great outdoors, where a spacious flat backyard awaits, providing ample space for the construction of a storage shed or workshop. Additionally, the home is conveniently located just minutes from Hwy 90 and Interstate 10, offering proximity to shopping and restaurants. The neighborhood elementary school is easily accessible. Schedule your private showing to view all the possibilities this home offers.

23. 2024-01-04
    price $191,400 1082-char remark

    Show marketing remark (1082 chars)

    Price Improvement! Welcome to 7033 Pecan Grove Ave! This delightful 3-bedroom, 2-bathroom residence is situated in a well-established neighborhood, offering cozy amenities while being centrally located in the heart of Theodore, AL. The living room has an embellished tray ceiling and a charming fireplace. The master bedroom w/tray ceiling includes an en-suite bathroom with a tub/shower combination and a spacious walk-in closet. The secondary bedrooms are thoughtfully located on the opposite side of the house and share a convenient hall bathroom. Dedicated laundry room. Kitchen appliance package (refrigerator and stove) to be included with acceptable offer. Step into the great outdoors, where a spacious flat backyard awaits, providing ample space for the construction of a storage shed or workshop. Additionally, the home is conveniently located just minutes from Hwy 90 and Interstate 10, offering proximity to shopping and restaurants. The neighborhood elementary school is easily accessible. Schedule your private showing to view all the possibilities this home offers.

24. 2023-11-13
    listed $198,900 Active 1082-char remark

    Show marketing remark (1082 chars)

    Price Improvement! Welcome to 7033 Pecan Grove Ave! This delightful 3-bedroom, 2-bathroom residence is situated in a well-established neighborhood, offering cozy amenities while being centrally located in the heart of Theodore, AL. The living room has an embellished tray ceiling and a charming fireplace. The master bedroom w/tray ceiling includes an en-suite bathroom with a tub/shower combination and a spacious walk-in closet. The secondary bedrooms are thoughtfully located on the opposite side of the house and share a convenient hall bathroom. Dedicated laundry room. Kitchen appliance package (refrigerator and stove) to be included with acceptable offer. Step into the great outdoors, where a spacious flat backyard awaits, providing ample space for the construction of a storage shed or workshop. Additionally, the home is conveniently located just minutes from Hwy 90 and Interstate 10, offering proximity to shopping and restaurants. The neighborhood elementary school is easily accessible. Schedule your private showing to view all the possibilities this home offers.

25. 2023-10-20
    historical $198,900 1082-char remark

    Show marketing remark (1082 chars)

    Price Improvement! Welcome to 7033 Pecan Grove Ave! This delightful 3-bedroom, 2-bathroom residence is situated in a well-established neighborhood, offering cozy amenities while being centrally located in the heart of Theodore, AL. The living room has an embellished tray ceiling and a charming fireplace. The master bedroom w/tray ceiling includes an en-suite bathroom with a tub/shower combination and a spacious walk-in closet. The secondary bedrooms are thoughtfully located on the opposite side of the house and share a convenient hall bathroom. Dedicated laundry room. Kitchen appliance package (refrigerator and stove) to be included with acceptable offer. Step into the great outdoors, where a spacious flat backyard awaits, providing ample space for the construction of a storage shed or workshop. Additionally, the home is conveniently located just minutes from Hwy 90 and Interstate 10, offering proximity to shopping and restaurants. The neighborhood elementary school is easily accessible. Schedule your private showing to view all the possibilities this home offers.

26. 2007-01-18
    soldstatus $94,500
27. 2006-09-13
    soldstatus $92,500

ⓘ 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: $1,491 · $124/mo
• Projected year-2 tax: $1,491 · $124/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 4/10 Moderate
• 🌡 Heat 10/10 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: $21,798
• − Mortgage interest: −$12,043
• − Property taxes: −$1,491
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,744
• − Management: −$1,744
• − Depreciation: −$6,255
• Taxable loss: −$2,554
• Est. tax savings @ 24.0%: +$613
• After-tax cash flow: $1,737/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): 23,705
• 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

+132.4% since first listed

10 events — show timeline

• 2026-05-02 Listed $215,000 GCMLS AL
• 2024-04-15 Sold (Public Records) $187,400 Public Records
• 2024-04-12 Sold (MLS) $187,400 GCMLS AL
• 2024-02-20 Pending — GCMLS AL
• 2024-02-05 Price Changed $186,400 GCMLS AL
• 2024-01-04 Price Changed $191,400 GCMLS AL
• 2023-11-13 Listed $198,900 GCMLS AL
• 2023-10-20 Coming Soon $198,900 GCMLS AL
• 2007-01-18 Sold (Public Records) $94,500 Public Records
• 2006-09-13 Sold (Public Records) $92,500 Public Records

Property tax history

+10.5%/yr

Latest (2025): $1,491 · +20.0% YoY. Source: county tax records.