541 Chandler St · Prichard, AL 36610

$59,900

2 bd · 1.0 ba · 960 sqft · SingleFamily public records · 17 Days on market

Built 1980 0.25 ac lot $62/sqft · 81% above area ↓ 16% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.2/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks

Step into instant cashflow with this stable, income producing rental property! Priced below $60,000, it generates $900/month in rent! Property features all electric utilities, vinyl and ceramic flooring. House has a private yard, with fenced backyard and carport. Very affordable rental property! Property has been excellently maintained and under professional property management for the past 5 years. Solid investment! Please respect privacy of tenant, house is occupied. Advanced notice of showings required. No owner occupant inquires please.

Key facts

• Ceramic flooring
• Vinyl flooring
• Carport

Tags

• INCOME PRODUCING RENTAL
• PRIVATE YARD
• FENCED BACKYARD
• CARPORT
• VINYL FLOORING
• CERAMIC FLOORING

Property features AI

Exterior

• Parking: Carport (1 space)
• Utilities: Electricity available (110V and 220V); Public sewer
• Home design: Single family residence; Residential property
• Construction: Asbestos construction materials; Pillar/post/pier foundation; Composition roof
• Exterior features: Back yard fencing; No additional exterior features reported; View present

Interior

• Kitchen: Electric range; Range hood
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Other
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $352 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($898 rent vs $60k).
• Recommended offer: $59k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 54/100 on livability (#472 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: crime F, amenities F, commute F.
• 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: Whitley Elementary School (math 2% / reading 17%, grade F, #568 of 627 statewide, top 94%, 267 students, 91% FRL); Cf Vigor High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 547 students, 86% FRL) — zoned schools average 88% FRL vs 67% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 6% at this address vs 27% district-wide (-21 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: 41 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).

Forward outlook

• In year one you build about $637 of equity ($414 loan paydown + $223 appreciation (0.4% 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 (0.4% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.
• Current owner paid $52k; 15% 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 $59,001 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 1.50% ✓
• Cap rate: 13.35%
• Cash-on-cash: 25.19%
• DSCR: 2.12
• GRM: 5.6

CMA / ARV

• ARV (median comp): $33,162
• List price: $59,900
• Delta: 80.63%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
541 Chandler St	0.00mi	2/1.0	960 (0%)	0mo	$52,000	$54	100
1021 Cherry St	0.55mi	2/1.0	1,006 (+5%)	8mo	$35,000	$35	60
327 Haig St E	0.53mi	2/1.0	1,024 (+7%)	9mo	$33,500	$33	57
518 Alaska Ave	0.21mi	3/1.5 (+1)	1,075 (+12%)	9mo	$48,000	$45	56
115 Petain St W	0.69mi	2/1.0	984 (+2%)	16mo	$24,000	$24	51
452 Glendale Pl	0.48mi	2/1.0	884 (-8%)	16mo	$18,000	$20	50
61 Ralph Ave	0.45mi	3/1.5 (+1)	1,000 (+4%)	20mo	$40,000	$40	48
1406 Lee St	0.71mi	3/1.0 (+1)	825 (-14%)	3mo	$20,000	$24	36

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

Projected returns pro-forma

0.37% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.1%
• Equity multiple: 2.29×
• Total profit: $21,704
• Equity at exit: $18,516

10-year hold

• IRR: 29.5%
• Equity multiple: 4.38×
• Total profit: $56,755
• Equity at exit: $23,175

Cash invested: $16,772 (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 36610

• Home prices YoY: 0.9%
• Active inventory: 41
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $898 medium
• Mortgage (P&I): −$314
• Tax from tax record: −$19 /mo · $224/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$189
• Net cashflow: $352

Break-even live

Break-even rent $453

Max offer price $59,900

Occupancy floor 56%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
519 Bay Bridge Rd Unit B Prichard, AL	2.0	1.0	1000	$925	$0.93	43d	1	0.57mi
38 Flock Ave Mobile, AL	2.0	1.0	849	$795	$0.94	43d	1	0.62mi
408 Rawls Ave Mobile, AL	2.0	1.0	1032	$1,100	$1.07	13d	1	1.13mi
3 Southern St Chickasaw, AL	3.0	1.0	1108	$795	$0.72	13d	1	1.43mi

Listing history 9 events

1. 2026-06-03
   statusdays on market $59,900 Pending 17 DOM
2. 2026-06-02
   days on market $59,900 Active 16 DOM
3. 2026-06-01
   days on market $59,900 Active 15 DOM
4. 2026-05-31
   days on market $59,900 Active 14 DOM
5. 2026-05-30
   days on market $59,900 Active 13 DOM
6. 2026-05-11
   listed $59,900 Active 546-char remark
7. 2024-07-31
   price $55,000
8. 2019-08-01
   soldstatus $231,000
9. 2018-05-11
   soldstatus $62,000

ⓘ 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: $224 · $19/mo
• Projected year-2 tax: $246 · $20/mo
• Expected delta: +$22/yr (+$2/mo · 9.7%)

ⓘ 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 1/10 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,781
• − Mortgage interest: −$3,355
• − Property taxes: −$224
• − Insurance: −$300
• − Repairs & maintenance: −$863
• − Management: −$863
• − Depreciation: −$1,743
• Taxable income: $3,435
• Est. tax owed @ 24.0%: −$824
• After-tax cash flow: $3,400/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 — Prichard

• Score: 54/100
• State rank: #472
• US rank: #24080

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prichard, AL
• City population: 13,402
• Population (ZIP): 9,692

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 (97%)
• Race & ethnicity: Black 97% Hispanic / Latino 1% White 1%
• Foreign-born: 0%

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: ▲ 0.37%
• Current HPI: 42.6203
• 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

-16.1% since first listed

8 events — show timeline

• 2026-06-10 Sold (MLS) $52,000 GCMLS AL
• 2026-06-03 Pending — GCMLS AL
• 2026-05-26 Relisted — GCMLS AL
• 2026-05-20 Pending — GCMLS AL
• 2026-05-11 Listed $59,900 GCMLS AL
• 2024-07-31 Price Changed $55,000 GCMLS AL
• 2019-08-01 Sold (Public Records) $231,000 Public Records
• 2018-05-11 Sold (Public Records) $62,000 Public Records

Property tax history

-0.4%/yr

Latest (2025): $224 · +4.6% YoY. Source: county tax records.