615 Dartmoor Ln · Mobile, AL 36609

$169,000

4 bd · 2.0 ba · 1,355 sqft · SingleFamily public records · 91 Days on market

Built 1966 10,467 sqft lot Est $175k · at est.

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Why this score? — see what drove the D+ 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 +15.7/30.0
• ARV discount +9.0/15.0
• DSCR +4.8/10.0
• 1% rule +3.8/10.0
• Livability +3.8/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 615 Dartmoor Ln, conveniently located just off University Blvd in Mobile. This 4-bedroom, 2-bath home offers a functional layout ideal for everyday living or investment potential. Upon entry, you?re greeted by a comfortable living room that serves as the heart of the home. A hallway to the left leads to three bedrooms and a full bath, providing a practical separation of space. Straight through the living room is the kitchen featuring white cabinetry and a layout that flows easily into the main living area. To the right of the kitchen, you?ll find the primary bedroom with its own private bathroom, offering added privacy from the additional bedrooms. With its convenient location an

Key facts

• Close to dining
• Functional layout
• Private bathroom

Tags

• FUNCTIONAL LAYOUT
• COMFORTABLE LIVING ROOM
• PRIVATE BATHROOM
• CLOSE TO SHOPPING
• CLOSE TO DINING
• CLOSE TO MAJOR ROADWAYS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $75 ($901/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 $149k (11.9% below list).
• Recommended offer: $149k (11.9% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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: 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: Elizabeth Fonde Elementary School (math 6% / reading 26%, grade F, #502 of 627 statewide, top 80%, 725 students, 87% FRL); Denton Magnet School of Technology (math 26% / reading 69%, grade C-, #32 of 257 statewide, top 12%, 314 students, 94% FRL); Wp Davidson High School (math 36% / reading 41%, grade F, #37 of 305 statewide, top 12%, 1,535 students, 61% FRL).
• Market conditions: Rents rising (+3.1%/yr); 145 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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).
• This rent runs 36% of the median local income ($50k/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 91 days — a 9% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $125k; 35% 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→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $148,848 (11.9% below list)

Questions for the listing agent

1. It's been on market 91 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 1966 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.88% ✗
• Cap rate: 6.83%
• Cash-on-cash: 1.90%
• DSCR: 1.08
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $174,795
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4259 Raines Dr	0.23mi	3/1.5 (-1)	1,394 (+3%)	1mo	$184,000	$132	77
5100 Ridgedale Rd	0.31mi	3/1.0 (-1)	1,358 (+0%)	4mo	$132,000	$97	73
4077 Lancewood Dr S	0.30mi	4/1.0	1,284 (-5%)	2mo	$125,000	$97	72
5120 Ridgedale Rd	0.28mi	3/2.0 (-1)	1,428 (+5%)	2mo	$130,000	$91	72
713 Raines Dr	0.37mi	3/1.0 (-1)	1,347 (-1%)	2mo	$73,000	$54	71
717 Kasserine Pass	0.51mi	3/1.5 (-1)	1,377 (+2%)	1mo	$178,000	$129	66
4300 David Dr	0.25mi	3/2.0 (-1)	1,523 (+12%)	2mo	$287,800	$189	61
4126 Springdale Rd	0.61mi	3/2.0 (-1)	1,380 (+2%)	3mo	$169,000	$122	61
1618 Catalina Dr	0.37mi	3/1.5 (-1)	1,196 (-12%)	3mo	$120,000	$100	54
705 Littledale Rd	0.47mi	3/2.0 (-1)	1,189 (-12%)	1mo	$160,000	$135	52
708 Merritt Dr	0.42mi	3/2.0 (-1)	1,527 (+13%)	3mo	$225,000	$147	52
410 St. John Pl	0.73mi	3/2.0 (-1)	1,516 (+12%)	4mo	$207,000	$137	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 · 3.07% rent growth · sell at horizon

5-year hold

• IRR: -13.2%
• Equity multiple: 0.52×
• Total profit: $-22,517
• Equity at exit: $25,198

10-year hold

• IRR: -4.2%
• Equity multiple: 0.72×
• Total profit: $-13,095
• Equity at exit: $14,612

Cash invested: $47,320 (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 36609

• Rents YoY: 3.1%
• Active inventory: 145
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,488 high
• Mortgage (P&I): −$886
• Tax from tax record: −$144 /mo · $1,730/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $75

Break-even live

Break-even rent $1,393

Max offer price $169,000

Occupancy floor 90%

Sensitivity live

Price	-10% $171	-5% $123	+0% $75	+5% $27	+10% $-21
Rent	-10% $-43	-5% $16	+0% $75	+5% $134	+10% $193
Rate	-1.0pp $160	-0.5pp $118	base $75	+0.5pp $31	+1.0pp $-13

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4161 Rebecca Rd Mobile, AL	3.0	1.0	1214	$1,500	$1.24	15d	1	0.05mi
552 Tamworth Ct Mobile, AL	3.0	1.0	1100	$1,450	$1.32	45d	1	0.11mi
550 Tamworth Ct Mobile, AL	3.0	1.0	1000	$1,295	$1.29	45d	1	0.13mi
654 Ynestra Dr Mobile, AL	3.0	1.5	1134	$1,300	$1.15	15d	1	0.20mi
4306 Via Alta Dr Mobile, AL	3.0	2.0	1640	$1,600	$0.98	45d	1	0.26mi
5155 Ridgedale Rd Mobile, AL	3.0	1.5	1263	$1,400	$1.11	15d	1	0.28mi
4213 Malibar Dr Mobile, AL	3.0	1.0	1100	$1,458	$1.33	23d	1	0.30mi
4077 Lancewood Dr S Mobile, AL	4.0	1.0	1283	$1,600	$1.25	45d	1	0.30mi
4242 Marmora Dr Mobile, AL	3.0	1.5	1053	$1,500	$1.42	45d	1	0.31mi
713 Raines Dr Mobile, AL	4.0	2.0	1600	$1,858	$1.16	15d	1	0.35mi
4057 Gaylark Rd N Mobile, AL	3.0	1.0	1080	$1,275	$1.18	23d	1	0.45mi
4118 Seabreeze Rd N Mobile, AL	3.0	1.0	1088	$1,100	$1.01	45d	1	0.45mi
1724 Rustic Wood Ct Mobile, AL	3.0	2.0	1607	$1,850	$1.15	45d	1	0.95mi
651 Azalea Rd Mobile, AL	2.0–3.0	1.0–1.5	890	$1,232	$1.38	45d	1	0.99mi
4017 Cottage Hill Rd Mobile, AL	3.0	2.5	1616	$1,495	$0.93	45d	1	1.02mi
4017 Cottage Hill Rd #69 Mobile, AL	3.0	2.5	1616	$1,495	$0.93	23d	1	1.02mi
506 Seville Dr Mobile, AL	3.0	1.5	1200	$1,350	$1.12	15d	1	1.05mi
315 Bomar Pl Mobile, AL	3.0	2.0	1632	$1,850	$1.13	15d	1	1.15mi
900 Downtowner Blvd Mobile, AL	1.0–3.0	1.0–2.5	1029	$1,449	$1.41	15d	32	1.20mi
5901 Ole Mill Rd Mobile, AL	3.0	2.0	1600	$1,900	$1.19	45d	1	1.21mi
4861 Woodcliff Dr N Mobile, AL	3.0	2.0	1610	$1,300	$0.81	45d	1	1.42mi

Listing history 14 events

1. 2026-04-17
   status Pending
2. 2026-04-01
   price $169,000
3. 2026-04-01
   price $175,000
4. 2026-02-13
   price $178,000
5. 2026-01-16
   listed $179,000 Active
6. 2024-08-27
   historical $1,600
7. 2024-08-07
   price $1,600
8. 2024-07-31
   price $1,700
9. 2024-07-02
   listed $1,800
10. 2024-06-11
    soldstatus $125,000
11. 2024-05-21
    soldstatus $125,000
12. 2024-05-13
    soldstatus $115,000
13. 2016-06-17
    soldstatus $91,107
14. 2006-03-09
    soldstatus $81,700

ⓘ 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: $1,730 · $144/mo
• Projected year-2 tax: $1,730 · $144/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 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 20 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: $17,862
• − Mortgage interest: −$9,467
• − Property taxes: −$1,730
• − Insurance: −$845
• − Repairs & maintenance: −$1,429
• − Management: −$1,429
• − Depreciation: −$4,916
• Taxable loss: −$1,954
• Est. tax savings @ 24.0%: +$469
• After-tax cash flow: $1,370/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): 23,820
• Household income: $49,830
• Rent vs Own: 54.0% rent · 46.0% own
• Severe rent burden: 1379.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Black 44% White 42% Two or more races 6% Hispanic / Latino 5% Asian 5%
• Common ancestry: Lithuanian 3% Slovak 2% Italian 2%
• Foreign-born: 6% · Canada, Vietnam, China
• Languages at home: 93% English-only · Spanish 2% Vietnamese 2% Other Indo-European 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: ▼ -124.06%
• Current HPI: 200.0811
• Rent YoY: ▲ 3.07%
• 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

+106.9% since first listed

14 events — show timeline

• 2026-04-17 Pending — GCMLS AL
• 2026-04-01 Price Changed $169,000 GCMLS AL
• 2026-04-01 Price Changed $175,000 GCMLS AL
• 2026-02-13 Price Changed $178,000 GCMLS AL
• 2026-01-16 Listed $179,000 GCMLS AL
• 2024-08-27 Rental Removed $1,600 BUILDIUM
• 2024-08-07 Price Changed $1,600 BUILDIUM
• 2024-07-31 Price Changed $1,700 BUILDIUM
• 2024-07-02 Listed for Rent $1,800 BUILDIUM
• 2024-06-11 Sold (Public Records) $125,000 Public Records
• 2024-05-21 Sold (Public Records) $125,000 Public Records
• 2024-05-13 Sold (Public Records) $115,000 Public Records
• 2016-06-17 Sold (Public Records) $91,107 Public Records
• 2006-03-09 Sold (Public Records) $81,700 Public Records

Property tax history

+6.0%/yr

Latest (2025): $1,730 · +185.4% YoY. Source: county tax records.