312 Lee St · Chickasaw, AL 36611

$79,900

2 bd · 1.0 ba · 1,726 sqft · SingleFamily public records · 79 Days on market

Built 2007 8,328 sqft lot $46/sqft · 49% below area Est $150k · 47% under ↓ 12% since listing

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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 +24.8/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +8.0/10.0
• 1% rule +6.4/10.0
• 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

Looking for charm and adorable original features? This is the house for you. Although it does need some love, it has a new roof, a new AC unit, and a great layout. There are 2 bedrooms and 1 bathroom, an enclosed sunporch on the front, and an enclosed porch on the back leading to a 2-car garage and workshop area. There is road frontage on the front and the back, so you could park in the front driveway or pull up on the street behind the house and park in the garage. This home is spacious, airy, and very charming, with high ceilings, many beautiful fireplaces, and original details throughout. It's a kitchy and fun space; don't let this great opportunity slip away from you. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach the certificate to your offer for up to 3% closing cost assistance. Check HomePath.com for more details. Restrictions apply.

Key facts

• New ac unit
• Road frontage
• Enclosed porch

Tags

• NEW ROOF
• NEW AC UNIT
• ENCLOSED SUNPORCH
• ENCLOSED PORCH
• ROAD FRONTAGE
• 2 CAR GARAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $170 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($914 rent vs $80k).
• Recommended offer: $75k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 7.2% in Chickasaw — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($552 loan paydown + $8k 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 $22k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($75k) is reasonable based on typical stale-listing flexibility.

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 $75,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 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: 1.14% ✓
• Cap rate: 8.84%
• Cash-on-cash: 9.10%
• DSCR: 1.40
• GRM: 7.3

CMA / ARV

• ARV (median comp): $150,018
• List price: $79,900
• Delta: -46.74%
• 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
405 Southwest Blvd	0.11mi	2/1.5	1,825 (+6%)	2mo	$170,000	$93	82
600 Yeend Ave	0.15mi	3/1.0 (+1)	1,758 (+2%)	8mo	$85,000	$48	78
603 Yeend Ave	0.18mi	3/2.0 (+1)	1,800 (+4%)	7mo	$150,000	$83	70
326 7th St	0.17mi	3/1.0 (+1)	1,628 (-6%)	14mo	$67,000	$41	66
208 3rd St	0.41mi	3/2.0 (+1)	1,732 (+0%)	7mo	$27,100	$16	66
211 3rd St	0.44mi	3/2.0 (+1)	1,738 (+1%)	17mo	$149,900	$86	55
501 Southwest Blvd	0.12mi	3/1.0 (+1)	1,484 (-14%)	17mo	$30,800	$21	52
211 2nd St	0.39mi	3/2.0 (+1)	1,530 (-11%)	5mo	$87,500	$57	50
115 Grant St W	0.53mi	3/1.0 (+1)	1,550 (-10%)	17mo	$35,000	$23	40
214 Sutherland Dr	0.75mi	3/2.0 (+1)	1,590 (-8%)	5mo	$185,000	$116	39
313 1st St	0.47mi	3/2.0 (+1)	1,520 (-12%)	14mo	$155,000	$102	37
311 2nd St	0.49mi	3/2.0 (+1)	1,547 (-10%)	16mo	$155,000	$100	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 30.9%
• Equity multiple: 3.43×
• Total profit: $54,335
• Equity at exit: $71,980

10-year hold

• IRR: 26.8%
• Equity multiple: 7.77×
• Total profit: $151,538
• Equity at exit: $155,228

Cash invested: $22,372 (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: 7.3×

Monthly cashflow live

• Estimated rent: $914 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$100 /mo · $1,202/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$192
• Net cashflow: $170

Break-even live

Break-even rent $699

Max offer price $79,900

Occupancy floor 76%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
101 Grant St Chickasaw, AL	3.0	1.0	1383	$895	$0.65	13d	1	0.27mi
3 Southern St Chickasaw, AL	3.0	1.0	1108	$795	$0.72	13d	1	0.30mi
78 Lee St Chickasaw, AL	3.0	1.0	1412	$1,100	$0.78	43d	1	0.49mi

Listing history 18 events

1. 2026-06-18
   days on market $79,900 Active 79 DOM
2. 2026-06-17
   days on market $79,900 Active 78 DOM
3. 2026-06-16
   days on market $79,900 Active 77 DOM
4. 2026-06-15
   days on market $79,900 Active 76 DOM
5. 2026-06-14
   days on market $79,900 Active 74 DOM
6. 2026-06-13
   days on market $79,900 Active 73 DOM
7. 2026-06-10
   days on market $79,900 Active 71 DOM
8. 2026-06-09
   days on market $79,900 Active 70 DOM
9. 2026-06-08
   days on market $79,900 Active 69 DOM
10. 2026-06-07
    days on market $79,900 Active 68 DOM
11. 2026-06-02
    days on market $79,900 Active 63 DOM
12. 2026-06-01
    days on market $79,900 Active 62 DOM
13. 2026-05-31
    days on market $79,900 Active 61 DOM
14. 2026-05-30
    days on market $79,900 Active 60 DOM
15. 2026-04-28
    price $82,500 949-char remark

    Show marketing remark (949 chars)

    Looking for charm and adorable original features? This is the house for you. Although it does need some love, it has a new roof, a new AC unit, and a great layout. There are 2 bedrooms and 1 bathroom, an enclosed sunporch on the front, and an enclosed porch on the back leading to a 2-car garage and workshop area. There is road frontage on the front and the back, so you could park in the front driveway or pull up on the street behind the house and park in the garage. This home is spacious, airy, and very charming, with high ceilings, many beautiful fireplaces, and original details throughout. It's a kitchy and fun space; don't let this great opportunity slip away from you. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach the certificate to your offer for up to 3% closing cost assistance. Check HomePath.com for more details. Restrictions apply.

16. 2026-03-31
    listed $90,000 Active 949-char remark

    Show marketing remark (949 chars)

    Looking for charm and adorable original features? This is the house for you. Although it does need some love, it has a new roof, a new AC unit, and a great layout. There are 2 bedrooms and 1 bathroom, an enclosed sunporch on the front, and an enclosed porch on the back leading to a 2-car garage and workshop area. There is road frontage on the front and the back, so you could park in the front driveway or pull up on the street behind the house and park in the garage. This home is spacious, airy, and very charming, with high ceilings, many beautiful fireplaces, and original details throughout. It's a kitchy and fun space; don't let this great opportunity slip away from you. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach the certificate to your offer for up to 3% closing cost assistance. Check HomePath.com for more details. Restrictions apply.

17. 2025-06-11
    soldstatus $77,809
18. 2022-02-03
    soldstatus $93,323

ⓘ 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: $1,202 · $100/mo
• Projected year-2 tax: $1,202 · $100/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 2/10 Low
• 🌡 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: $10,969
• − Mortgage interest: −$4,476
• − Property taxes: −$1,202
• − Insurance: −$400
• − Repairs & maintenance: −$878
• − Management: −$878
• − Depreciation: −$2,324
• Taxable income: $812
• Est. tax owed @ 24.0%: −$195
• After-tax cash flow: $1,841/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

-11.6% since first listed

4 events — show timeline

• 2026-04-28 Price Changed $82,500 GCMLS AL
• 2026-03-31 Listed $90,000 GCMLS AL
• 2025-06-11 Sold (Public Records) $77,809 Public Records
• 2022-02-03 Sold (Public Records) $93,323 Public Records

Property tax history

+14.5%/yr

Latest (2025): $1,202 · +11.3% YoY. Source: county tax records.