907 Dearborn St S · Mobile, AL 36603

$77,000

2 bd · 1.0 ba · 970 sqft · SingleFamily public records · 44 Days on market

Built 2007 6,507 sqft lot Est $62k · 24% over

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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
• DSCR +10.0/10.0
• 1% rule +9.6/10.0
• Appreciation +5.7/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

This awesome investment property is ready for new owners. This home features a comfortable entertainment space, large bedrooms, new roof, new HVAC, new floors, and new paint. Only a few minutes from downtown, Mardi Gras, and the new airport. Currently tenant occupied paying $750/month.

Key facts

• 6,507 sq ft lot
• Listed 44 days

Tags

• COMFORTABLE LIVING SPACE
• FUNCTIONAL FLOOR PLAN
• QUIET RESIDENTIAL STREET
• LONG-TERM INVESTMENT POTENTIAL

Property features AI

Finance

• Other: Single-unit property; Located at 907 Dearborn St S, Mobile AL 36603; Directions: Take Virginia Street North to left on S. Dearborn

Exterior

• Parking: Driveway parking
• Utilities: Cable available; Electricity available; Public sewer
• Home design: Residential income property
• Construction: Frame and stone construction; No window features listed
• Exterior features: Back yard fencing; View present

Interior

• Heating & cooling: Central heating; Central air
• Interior features: Central heating; Central air conditioning; No accessibility features listed

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $77k.

Deal economics

• At list price, monthly cash flow is $330 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $77k).
• Recommended offer: $75k (3.0% below list) — sets the bar for market timing.

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: Erwin Craighead Elementary School (math 2% / reading 22%, grade F, #536 of 627 statewide, top 88%, 420 students, 89% FRL); Ben C Rain High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 589 students, 90% FRL) — zoned schools average 90% FRL vs 67% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 7% at this address vs 27% district-wide (-20 pts) — the specific schools serving this property underperform the Mobile County average; the district grade overstates school quality for this exact location.
• Market conditions: 36 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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 $2k of equity ($532 loan paydown + $1k appreciation (1.3% 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 (1.3% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 4 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.
• Current owner paid $51k; list at $77k implies a 51% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; 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 $74,690 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.46% ✓
• Cap rate: 12.47%
• Cash-on-cash: 22.08%
• DSCR: 1.98
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $62,080
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
801 Kentucky St	0.30mi	2/1.5	912 (-6%)	8mo	$18,000	$20	68
1006 Maryland St	0.52mi	2/1.0	936 (-4%)	5mo	$60,000	$64	65
659 Bayou St S	0.32mi	2/1.0	1,092 (+13%)	1mo	$67,000	$61	63
557 Marine St	0.52mi	2/1.0	912 (-6%)	7mo	$30,000	$33	60
959 Elmira St	0.67mi	2/1.0	901 (-7%)	1mo	$249,900	$277	56
1009 Baltimore St	0.68mi	3/1.0 (+1)	975 (+0%)	9mo	$90,000	$92	55
961 Marine St	0.48mi	3/1.0 (+1)	1,005 (+4%)	21mo	$47,000	$47	49
1007 Heustis St	0.70mi	2/1.0	874 (-10%)	5mo	$18,000	$21	47
865 Mcquillen St	0.56mi	2/1.0	888 (-8%)	23mo	$90,000	$101	41
954 Selma St	0.74mi	2/2.0	864 (-11%)	21mo	$230,000	$266	26

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

Projected returns pro-forma

1.32% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.2%
• Equity multiple: 2.10×
• Total profit: $23,722
• Equity at exit: $27,582

10-year hold

• IRR: 23.9%
• Equity multiple: 3.96×
• Total profit: $63,849
• Equity at exit: $37,678

Cash invested: $21,560 (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 36603

• Home prices YoY: 2.8%
• Active inventory: 36
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,123 high
• Mortgage (P&I): −$404
• Tax from tax record: −$55 /mo · $657/yr
• Insurance: −$32
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $330

Break-even live

Break-even rent $705

Max offer price $77,000

Occupancy floor 66%

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: $19,250
• Closing costs: $2,310
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
600 S Washington Ave Mobile, AL	1.0–2.0	1.0	820	$1,058	$1.29	44d	2	0.39mi
711 Marine St Mobile, AL	2.0	1.0	1100	$1,150	$1.05	44d	1	0.41mi
1009 Miami St Mobile, AL	3.0	1.0	768	$1,150	$1.50	44d	1	0.52mi
1013 Elmira St Unit A Mobile, AL	2.0	1.0	1000	$995	$0.99	21d	1	0.75mi
1013 Elmira St Unit B Mobile, AL	1.0	1.0	547	$745	$1.36	21d	1	0.75mi
957 Savannah St Mobile, AL	2.0	1.5	1054	$1,400	$1.33	21d	1	0.79mi
207 Michigan Ave Unit 3 Mobile, AL	1.0	1.0	1000	$795	$0.80	44d	1	1.25mi
207 Michigan Ave Unit 3 Mobile, AL	1.0	1.0	1000	$795	$0.80	21d	1	1.25mi
1417 Monroe St Mobile, AL	2.0	1.0	1064	$1,350	$1.27	44d	1	1.32mi
412 Dauphin St Mobile, AL	2.0	1.0–2.5	1553	$2,350	$1.51	14d	2	1.42mi
250 Tuttle Ave Unit B Mobile, AL	1.0	1.0	928	$1,100	$1.19	44d	1	1.48mi

Listing history 27 events

1. 2026-06-18
   days on market $77,000 Active 44 DOM
2. 2026-06-17
   days on market $77,000 Active 43 DOM
3. 2026-06-16
   days on market $77,000 Active 42 DOM
4. 2026-06-15
   days on market $77,000 Active 41 DOM
5. 2026-06-14
   days on market $77,000 Active 39 DOM
6. 2026-06-13
   days on market $77,000 Active 38 DOM
7. 2026-06-10
   days on market $77,000 Active 36 DOM
8. 2026-06-09
   days on market $77,000 Active 35 DOM
9. 2026-06-08
   days on market $77,000 Active 34 DOM
10. 2026-06-07
    days on market $77,000 Active 33 DOM
11. 2026-06-05
    days on market $77,000 Active 30 DOM
12. 2026-06-03
    days on market $77,000 Active 29 DOM
13. 2026-06-02
    days on market $77,000 Active 28 DOM
14. 2026-06-01
    days on market $77,000 Active 27 DOM
15. 2026-05-31
    days on market $77,000 Active 26 DOM
16. 2026-05-30
    days on market $77,000 Active 25 DOM
17. 2026-04-29
    status Pending
18. 2026-04-21
    status Active
19. 2026-02-06
    status Pending
20. 2026-01-23
    listed $77,000 Active
21. 2025-03-13
    historical $1,200
22. 2024-08-14
    listed $1,200
23. 2024-06-03
    soldstatus $50,900
24. 2023-04-25
    soldstatus $57,900
25. 2023-04-21
    soldstatus $57,900 Closed 286-char remark

    Show marketing remark (286 chars)

    This awesome investment property is ready for new owners. This home features a comfortable entertainment space, large bedrooms, new roof, new HVAC, new floors, and new paint. Only a few minutes from downtown, Mardi Gras, and the new airport. Currently tenant occupied paying $750/month.

26. 2023-03-21
    status Pending 286-char remark

    Show marketing remark (286 chars)

    This awesome investment property is ready for new owners. This home features a comfortable entertainment space, large bedrooms, new roof, new HVAC, new floors, and new paint. Only a few minutes from downtown, Mardi Gras, and the new airport. Currently tenant occupied paying $750/month.

27. 2023-03-14
    listed $60,000 Active 286-char remark

    Show marketing remark (286 chars)

    This awesome investment property is ready for new owners. This home features a comfortable entertainment space, large bedrooms, new roof, new HVAC, new floors, and new paint. Only a few minutes from downtown, Mardi Gras, and the new airport. Currently tenant occupied paying $750/month.

ⓘ 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: $657 · $55/mo
• Projected year-2 tax: $657 · $55/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 8/10 Severe FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 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: $13,477
• − Mortgage interest: −$4,313
• − Property taxes: −$657
• − Insurance: −$1,182
• − Repairs & maintenance: −$1,078
• − Management: −$1,078
• − Depreciation: −$2,240
• Taxable income: $2,929
• Est. tax owed @ 24.0%: −$703
• After-tax cash flow: $3,260/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
• City population: 205,729
• Population (ZIP): 7,805

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 (85%)
• Race & ethnicity: Black 85% White 12% Two or more races 1% Hispanic / Latino 1%
• Common ancestry: Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 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: ▲ 1.32%
• Current HPI: 48.9551
• 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

+28.3% since first listed

11 events — show timeline

• 2026-04-29 Pending — GCMLS AL
• 2026-04-21 Relisted — GCMLS AL
• 2026-02-06 Pending — GCMLS AL
• 2026-01-23 Listed $77,000 GCMLS AL
• 2025-03-13 Rental Removed $1,200 GCMLSAL
• 2024-08-14 Listed for Rent $1,200 GCMLSAL
• 2024-06-03 Sold (Public Records) $50,900 Public Records
• 2023-04-25 Sold (Public Records) $57,900 Public Records
• 2023-04-21 Sold (MLS) $57,900 GCMLS AL
• 2023-03-21 Pending — GCMLS AL
• 2023-03-14 Listed $60,000 GCMLS AL

Property tax history

+6.5%/yr

Latest (2025): $657 · +1.6% YoY. Source: county tax records.