7465 Bowers Ln · Mobile, AL 36582

$179,800

3 bd · 2.0 ba · 1,374 sqft · SingleFamily public records · 292 Days on market

Built 1971 0.47 ac lot $131/sqft · 6% below area Est $196k · 8% 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 +20.3/30.0
• ARV discount +11.2/15.0
• DSCR +6.5/10.0
• 1% rule +4.4/10.0
• 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

Available for purchase is a renovated three bedroom and two bathroom home. The home has been freshly painted with brand new floors throughout. The cabinet has freshly painted cabinets with new countertops. A new range is to be installed soon. Home is spacious with two living areas. Do not miss out on this one!

Key facts

• New floors
• Renovated home
• Freshly painted

Tags

• RENOVATED HOME
• FRESHLY PAINTED
• NEW FLOORS
• FRESHLY PAINTED CABINETS
• NEW COUNTERTOPS
• NEW RANGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $232 ($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 $169k (5.8% below list).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% 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: 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: 253 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).
• This rent runs 31% 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 $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 292 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 3 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 $50k; list at $180k implies a 260% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $158,224 (12.0% below list)

Questions for the listing agent

1. It's been on market 292 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.94% ✗
• Cap rate: 7.84%
• Cash-on-cash: 5.52%
• DSCR: 1.25
• GRM: 8.8

CMA / ARV

• ARV (median comp): $195,713
• List price: $179,800
• Delta: -8.13%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7615 Kelcey Ct	0.36mi	3/2.0	1,454 (+6%)	9mo	$225,000	$155	66
7695 Bowers Ln	0.30mi	2/2.0 (-1)	1,475 (+7%)	4mo	$42,500	$29	66
7542 Willard Dr W	0.49mi	3/2.0	1,323 (-4%)	9mo	$206,500	$156	63
7575 Kelcey Ct	0.33mi	3/2.0	1,525 (+11%)	6mo	$249,232	$163	61
7693 Broome Ct	0.40mi	3/2.0	1,213 (-12%)	1mo	$200,000	$165	60
5280 Willard Dr N	0.40mi	3/2.0	1,525 (+11%)	5mo	$241,566	$158	59
7560 Kelcey Ct	0.34mi	3/2.0	1,525 (+11%)	8mo	$178,000	$117	59
5420 Helen Dr	0.61mi	3/2.0	1,460 (+6%)	6mo	$158,000	$108	56
7684 Broome Ct	0.41mi	3/2.0	1,188 (-14%)	8mo	$175,000	$147	52
5410 Drexel Dr	0.62mi	3/2.0	1,228 (-11%)	2mo	$206,000	$168	52
7202 Old Military Rd	0.52mi	3/2.0	1,535 (+12%)	8mo	$210,000	$137	50
7851 Heaton Dr	0.75mi	3/2.0	1,200 (-13%)	7mo	$185,000	$154	38

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: -7.8%
• Equity multiple: 0.71×
• Total profit: $-14,441
• Equity at exit: $26,809

10-year hold

• IRR: 1.7%
• Equity multiple: 1.12×
• Total profit: $6,186
• Equity at exit: $15,546

Cash invested: $50,344 (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: 8.8×

Monthly cashflow live

• Estimated rent: $1,694 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$89 /mo · $1,064/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $232

Break-even live

Break-even rent $1,401

Max offer price $179,800

Occupancy floor 81%

Sensitivity live

Price	-10% $333	-5% $283	+0% $232	+5% $181	+10% $130
Rent	-10% $98	-5% $165	+0% $232	+5% $299	+10% $365
Rate	-1.0pp $322	-0.5pp $277	base $232	+0.5pp $185	+1.0pp $138

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: $44,950
• Closing costs: $5,394
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7669 Willard Ct Theodore, AL	3.0	2.0	1475	$1,700	$1.15	15d	1	0.47mi

Listing history 10 events

1. 2026-05-18
   status Pending 315-char remark

   Show marketing remark (315 chars)

   Available for purchase is a renovated three bedroom and two bathroom home. The home has been freshly painted with brand new floors throughout. The cabinet has freshly painted cabinets with new countertops. A new range is to be installed soon. Home is spacious with two living areas. Do not miss out on this one!

2. 2026-02-05
   status Active 315-char remark

   Show marketing remark (315 chars)

   Available for purchase is a renovated three bedroom and two bathroom home. The home has been freshly painted with brand new floors throughout. The cabinet has freshly painted cabinets with new countertops. A new range is to be installed soon. Home is spacious with two living areas. Do not miss out on this one!

3. 2026-01-26
   status Pending 315-char remark

   Show marketing remark (315 chars)

   Available for purchase is a renovated three bedroom and two bathroom home. The home has been freshly painted with brand new floors throughout. The cabinet has freshly painted cabinets with new countertops. A new range is to be installed soon. Home is spacious with two living areas. Do not miss out on this one!

4. 2025-12-02
   price $179,800 315-char remark

   Show marketing remark (315 chars)

   Available for purchase is a renovated three bedroom and two bathroom home. The home has been freshly painted with brand new floors throughout. The cabinet has freshly painted cabinets with new countertops. A new range is to be installed soon. Home is spacious with two living areas. Do not miss out on this one!

5. 2025-12-02
   status Active 315-char remark

   Show marketing remark (315 chars)

   Available for purchase is a renovated three bedroom and two bathroom home. The home has been freshly painted with brand new floors throughout. The cabinet has freshly painted cabinets with new countertops. A new range is to be installed soon. Home is spacious with two living areas. Do not miss out on this one!

6. 2025-11-22
   historical 315-char remark

   Show marketing remark (315 chars)

   Available for purchase is a renovated three bedroom and two bathroom home. The home has been freshly painted with brand new floors throughout. The cabinet has freshly painted cabinets with new countertops. A new range is to be installed soon. Home is spacious with two living areas. Do not miss out on this one!

7. 2025-07-11
   listed $189,000 Active 315-char remark

   Show marketing remark (315 chars)

   Available for purchase is a renovated three bedroom and two bathroom home. The home has been freshly painted with brand new floors throughout. The cabinet has freshly painted cabinets with new countertops. A new range is to be installed soon. Home is spacious with two living areas. Do not miss out on this one!

8. 2025-03-14
   soldstatus $50,000
9. 2022-06-21
   soldstatus $68,000
10. 2021-07-08
    soldstatus $66,800

ⓘ 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: $1,064 · $89/mo
• Projected year-2 tax: $1,064 · $89/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 (unshaded) · 69% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 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: $20,326
• − Mortgage interest: −$10,072
• − Property taxes: −$1,064
• − Insurance: −$899
• − Repairs & maintenance: −$1,626
• − Management: −$1,626
• − Depreciation: −$5,231
• Taxable loss: −$192
• Est. tax savings @ 24.0%: +$46
• After-tax cash flow: $2,826/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

+169.2% since first listed

10 events — show timeline

• 2026-05-18 Pending — GCMLS AL
• 2026-02-05 Relisted — GCMLS AL
• 2026-01-26 Pending — GCMLS AL
• 2025-12-02 Price Changed $179,800 GCMLS AL
• 2025-12-02 Relisted — GCMLS AL
• 2025-11-22 Delisted — GCMLS AL
• 2025-07-11 Listed $189,000 GCMLS AL
• 2025-03-14 Sold (Public Records) $50,000 Public Records
• 2022-06-21 Sold (Public Records) $68,000 Public Records
• 2021-07-08 Sold (Public Records) $66,800 Public Records

Property tax history

+9.7%/yr

Latest (2025): $1,064 · +6.3% YoY. Source: county tax records.