5700 Deerwood Dr N · Mobile, AL 36618

$159,900

4 bd · 2.0 ba · 1,764 sqft · SingleFamily public records · 170 Days on market

Built 1999 0.49 ac lot $91/sqft · 19% below area Est $198k · 19% under

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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 +23.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +5.0/10.0
• Livability +3.8/5.0
• 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

Bank Owned. May be subject to Redemption Rights. Sold AS-IS Where-IS with no warranties expressed or implied. This 4/2 need some TLC but has a newer roof, water heater and HVAC. Huge yard.

Key facts

• Huge yard
• Hvac
• Newer roof

Tags

• NEWER ROOF
• WATER HEATER
• HVAC
• HUGE YARD

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $283 ($3k/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 $159k (0.3% below list).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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: 99 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).
• This rent runs 31% of the median local income ($62k/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 $5k 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 170 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $130k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $140,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 170 days. Have you received any prior offers? Is the seller open to a 12% 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 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?
5. 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?
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: 1.00% ✗
• Cap rate: 8.42%
• Cash-on-cash: 7.58%
• DSCR: 1.34
• GRM: 8.4

CMA / ARV

• ARV (median comp): $198,351
• List price: $159,900
• Delta: -19.39%
• 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
5493 Carriage Woods Ct	0.31mi	4/2.0	1,806 (+2%)	10mo	$259,400	$144	73
5361 Moffett Rd	0.45mi	3/2.0 (-1)	1,788 (+1%)	6mo	$120,000	$67	67
5414 Forest Oaks Dr S	0.51mi	4/2.0	1,837 (+4%)	4mo	$123,000	$67	66
5654 Overlook Rd	0.22mi	3/2.0 (-1)	1,966 (+12%)	8mo	$199,000	$101	59
5462 Racine Ave	0.36mi	3/2.0 (-1)	1,558 (-12%)	1mo	$245,000	$157	58
5524 Overlook Rd	0.28mi	3/1.5 (-1)	1,597 (-10%)	9mo	$176,000	$110	57
2140 Luckner Ct	0.73mi	3/2.0 (-1)	1,692 (-4%)	1mo	$236,000	$139	54
1644 Princess Helen Rd W	0.50mi	3/3.0 (-1)	1,649 (-6%)	9mo	$105,000	$64	50
5408 N Colonial Cir	0.51mi	3/1.0 (-1)	1,574 (-11%)	2mo	$119,000	$76	48
2033 Morganthau Dr	0.73mi	3/2.0 (-1)	1,630 (-8%)	3mo	$194,000	$119	46
5224 Persons Dr	0.69mi	4/2.0	1,584 (-10%)	9mo	$195,000	$123	43
1967 Highland Forest Dr	0.65mi	3/2.0 (-1)	1,508 (-14%)	2mo	$174,200	$116	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.8%
• Equity multiple: 0.82×
• Total profit: $-7,951
• Equity at exit: $23,842

10-year hold

• IRR: 4.9%
• Equity multiple: 1.36×
• Total profit: $16,050
• Equity at exit: $13,825

Cash invested: $44,772 (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 36618

• Home prices YoY: -22.8%
• Active inventory: 99
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,595 high
• Mortgage (P&I): −$839
• Tax from tax record: −$72 /mo · $860/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $283

Break-even live

Break-even rent $1,236

Max offer price $159,900

Occupancy floor 77%

Sensitivity live

Price	-10% $373	-5% $328	+0% $283	+5% $238	+10% $192
Rent	-10% $157	-5% $220	+0% $283	+5% $346	+10% $409
Rate	-1.0pp $363	-0.5pp $324	base $283	+0.5pp $241	+1.0pp $199

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5520 Vienna Ave Mobile, AL	3.0	2.0	1745	$1,395	$0.80	44d	1	0.22mi
5613 Overlook Rd Mobile, AL	3.0	1.5	1520	$1,450	$0.95	44d	1	0.26mi
5508 Overlook Rd Mobile, AL	3.0	2.0	1260	$1,400	$1.11	14d	1	0.31mi
6017 Mission Hills Ct Mobile, AL	4.0	3.0	2407	$1,950	$0.81	44d	1	0.62mi
5904 Saint Gallen Ave S Unit 1043743P Mobile, AL	4.0	2.0	1496	$3,719	$2.49	22d	1	0.92mi
5477 Ardell Dr Unit 1043691P Mobile, AL	3.0	2.0	1496	$2,680	$1.79	14d	1	0.95mi
912 Wendover Rd Unit 1043703P Mobile, AL	4.0	2.5	1496	$3,190	$2.13	22d	1	0.99mi
5855 Woodvale Dr Mobile, AL	3.0	1.5	1712	$1,350	$0.79	22d	1	1.11mi
1104 Garland St Mobile, AL	3.0	1.0	1377	$1,450	$1.05	22d	1	1.16mi

Listing history 22 events

1. 2026-06-19
   status $159,900 Pending 170 DOM
2. 2026-06-18
   days on market $159,900 Active 170 DOM
3. 2026-06-17
   days on market $159,900 Active 169 DOM
4. 2026-06-16
   days on market $159,900 Active 168 DOM
5. 2026-06-15
   days on market $159,900 Active 167 DOM
6. 2026-06-14
   days on market $159,900 Active 165 DOM
7. 2026-06-13
   days on market $159,900 Active 164 DOM
8. 2026-06-10
   days on market $159,900 Active 162 DOM
9. 2026-06-09
   days on market $159,900 Active 161 DOM
10. 2026-06-08
    days on market $159,900 Active 160 DOM
11. 2026-06-07
    days on market $159,900 Active 159 DOM
12. 2026-06-05
    days on market $159,900 Active 156 DOM
13. 2026-06-03
    days on market $159,900 Active 155 DOM
14. 2026-06-02
    days on market $159,900 Active 154 DOM
15. 2026-06-01
    days on market $159,900 Active 153 DOM
16. 2026-05-31
    days on market $159,900 Active 152 DOM
17. 2026-05-30
    days on market $159,900 Active 151 DOM
18. 2026-05-04
    price $159,900 191-char remark

    Show marketing remark (191 chars)

    Bank Owned. May be subject to Redemption Rights. Sold AS-IS Where-IS with no warranties expressed or implied. This 4/2 need some TLC but has a newer roof, water heater and HVAC. Huge yard.

19. 2026-03-25
    price $169,000 191-char remark

    Show marketing remark (191 chars)

    Bank Owned. May be subject to Redemption Rights. Sold AS-IS Where-IS with no warranties expressed or implied. This 4/2 need some TLC but has a newer roof, water heater and HVAC. Huge yard.

20. 2025-12-30
    listed $180,000 Active 191-char remark

    Show marketing remark (191 chars)

    Bank Owned. May be subject to Redemption Rights. Sold AS-IS Where-IS with no warranties expressed or implied. This 4/2 need some TLC but has a newer roof, water heater and HVAC. Huge yard.

21. 2025-11-13
    price $175,500
22. 2018-06-26
    soldstatus $130,400

ⓘ 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: $860 · $72/mo
• Projected year-2 tax: $860 · $72/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: $19,134
• − Mortgage interest: −$8,957
• − Property taxes: −$860
• − Insurance: −$800
• − Repairs & maintenance: −$1,531
• − Management: −$1,531
• − Depreciation: −$4,652
• Taxable income: $805
• Est. tax owed @ 24.0%: −$193
• After-tax cash flow: $3,201/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): 17,892
• Household income: $61,550
• Rent vs Own: 24.7% rent · 75.3% own
• Severe rent burden: 542.0

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 Black (65%)
• Race & ethnicity: Black 65% White 27% Two or more races 3% Asian 3% Hispanic / Latino 2%
• Common ancestry: Slovak 1% Serbian 1% Romanian 0%
• Foreign-born: 4% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Chinese 2%

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: ▼ -64.54%
• Current HPI: 218.7133
• 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

+22.6% since first listed

5 events — show timeline

• 2026-05-04 Price Changed $159,900 GCMLS AL
• 2026-03-25 Price Changed $169,000 GCMLS AL
• 2025-12-30 Listed $180,000 GCMLS AL
• 2025-11-13 Price Changed $175,500 GCMLS AL
• 2018-06-26 Sold (Public Records) $130,400 Public Records

Property tax history

+3.7%/yr

Latest (2025): $860 · +7.5% YoY. Source: county tax records.