300 3rd Ave · Chickasaw, AL 36611

$169,175

3 bd · 1.5 ba · 1,138 sqft · SingleFamily public records · 31 Days on market

Built 1949 6,891 sqft lot Est $116k · 46% over ↓ 6% since listing

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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).

• Appreciation +10.0/10.0
• Cash flow +8.5/30.0
• Schools +5.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• 1% rule +1.3/10.0
• ARV discount +0.0/15.0

Listing remarks

Check out this absolutely charming 3-bedroom, 2-bath home nestled right in the heart of Chickasaw! It’s perched perfectly on a lovely corner lot, giving you a bit more space and privacy, and it’s situated within the Chickasaw school district—ideal for families! Now, let’s talk about what makes this place feel like a brand-new home without the hefty price tag. This cozy cottage has undergone a TOTAL renovation, which means you get all the modern comforts without the stress of major repairs. Imagine whipping up your favorite meals in a kitchen fitted with shiny, brand-new stainless steel appliances that not only look great but are super efficient, too. The bright white

Key facts

• Total renovation
• Butcher block bar
• Granite countertops

Tags

• CORNER LOT
• TOTAL RENOVATION
• STAINLESS STEEL APPLIANCES
• GRANITE COUNTERTOPS
• BUTCHER BLOCK BAR
• SPACIOUS LAUNDRY ROOM

Property features AI

Exterior

• Parking: Parking pad for 2 vehicles
• Utilities: Cable available; Electricity available (110V and 220V); Phone available; Public sewer; Water available
• Home design: Single-family residence; Residential property
• Construction: Aluminum siding; Shingle roof; Pillar/post/pier foundation; Insulated windows; Built in 1949
• Exterior features: Rear stairs; No fencing; View

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Bookcases; Coffered ceilings; Open floor plan; Breakfast bar; White cabinets; Eat-in kitchen; Stone counters; View to family room; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $-150 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $143k (15.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $106k (37.1% below list).
• Recommended offer: $106k (37.1% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 7.1% in Chickasaw — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 61/100 on livability (#237 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-, health & safety B; Watch: crime D-, amenities F, commute F.
• Zoned schools: Chickasaw City Elementary School (math 7% / reading 30%, grade F, #480 of 627 statewide, top 77%, 550 students, 80% FRL); Chickasaw Middle School (math 6% / reading 36%, grade F, #188 of 257 statewide, top 74%, 284 students, 89% FRL); Chickasaw City High School (math 5% / reading 15%, grade F, #248 of 305 statewide, top 82%, 224 students, 91% FRL).
• Market conditions: 45 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k appreciation (10.0% local appreciation)).
• Mobile County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($164k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• 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 $106,372 (37.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 37% concession, seller financing, or rate buy-down credit?
3. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-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 D 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: 0.63% ✗
• Cap rate: 5.23%
• Cash-on-cash: -3.80%
• DSCR: 0.83
• GRM: 13.3

CMA / ARV

• ARV (on-the-fly): $116,076
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
714 Townsend Cir	0.29mi	3/1.5	1,161 (+2%)	1mo	$137,000	$118	82
9 Elizabeth Ave	0.16mi	3/1.0	1,080 (-5%)	6mo	$96,000	$89	77
364 3rd Pl	0.44mi	3/1.0	1,106 (-3%)	1mo	$149,900	$136	72
300 Geronimo St	0.34mi	3/1.0	1,076 (-5%)	2mo	$110,000	$102	72
521 Holiday Ave	0.47mi	3/1.0	1,189 (+4%)	1mo	$42,000	$35	68
419 Geronimo St	0.16mi	3/1.0	1,000 (-12%)	4mo	$139,900	$140	67
305 11th Ave	0.64mi	3/2.0	1,152 (+1%)	1mo	$65,000	$56	65
104 8th Ave	0.52mi	2/1.0 (-1)	1,071 (-6%)	0mo	$94,000	$88	59
97 Grant St	0.59mi	2/1.0 (-1)	1,032 (-9%)	1mo	$137,500	$133	49
206 1st St	0.66mi	2/1.5 (-1)	1,049 (-8%)	3mo	$115,000	$110	49
154 Chieftain Way	0.72mi	3/1.0	1,286 (+13%)	1mo	$78,000	$61	42
108 11th Ave	0.68mi	2/1.0 (-1)	1,003 (-12%)	0mo	$77,000	$77	42

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.6%
• Equity multiple: 2.74×
• Total profit: $82,490
• Equity at exit: $152,406

10-year hold

• IRR: 19.4%
• Equity multiple: 6.28×
• Total profit: $250,245
• Equity at exit: $328,670

Cash invested: $47,369 (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 36611

• Home prices YoY: 7.0%
• Active inventory: 45
• Price-to-rent: 13.3×

Monthly cashflow live

• Estimated rent: $1,064 high
• Mortgage (P&I): −$887
• Tax from tax record: −$33 /mo · $392/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $-150

Break-even live

Break-even rent $1,254

Max offer price $142,677

Occupancy floor —

Sensitivity live

Price	-10% $-54	-5% $-102	+0% $-150	+5% $-198	+10% $-246
Rent	-10% $-234	-5% $-192	+0% $-150	+5% $-108	+10% $-66
Rate	-1.0pp $-65	-0.5pp $-107	base $-150	+0.5pp $-194	+1.0pp $-238

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: $42,294
• Closing costs: $5,075
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
78 Lee St Chickasaw, AL	3.0	1.0	1412	$1,100	$0.78	45d	1	0.43mi
55 Thompson Blvd Chickasaw, AL	3.0	1.0	939	$1,500	$1.60	23d	1	0.47mi
156 9th Ave Chickasaw, AL	2.0	1.0	720	$950	$1.32	23d	1	0.49mi
101 Grant St Chickasaw, AL	3.0	1.0	1383	$895	$0.65	15d	1	0.59mi
311 Grant St Chickasaw, AL	2.0	1.0	1000	$850	$0.85	45d	1	0.79mi
3 Southern St Chickasaw, AL	3.0	1.0	1108	$795	$0.72	15d	1	1.11mi
408 Rawls Ave Mobile, AL	2.0	1.0	1032	$1,100	$1.07	15d	1	1.40mi

Listing history 16 events

1. 2026-06-21
   days on market $169,175 Active 31 DOM
2. 2026-06-18
   days on market $169,175 Active 28 DOM
3. 2026-06-17
   days on market $169,175 Active 27 DOM
4. 2026-06-16
   days on market $169,175 Active 26 DOM
5. 2026-06-15
   days on market $169,175 Active 25 DOM
6. 2026-06-14
   pricedays on market $169,175 Active 23 DOM
7. 2026-06-13
   days on market $179,900 Active 22 DOM
8. 2026-06-10
   days on market $179,900 Active 20 DOM
9. 2026-06-09
   days on market $179,900 Active 19 DOM
10. 2026-06-08
    days on market $179,900 Active 18 DOM
11. 2026-06-07
    days on market $179,900 Active 17 DOM
12. 2026-06-02
    days on market $179,900 Active 12 DOM
13. 2026-06-01
    days on market $179,900 Active 11 DOM
14. 2026-05-31
    days on market $179,900 Active 10 DOM
15. 2026-05-30
    days on market $179,900 Active 9 DOM
16. 2026-05-21
    listed $179,900 Active

ⓘ 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: $392 · $33/mo
• Projected year-2 tax: $694 · $58/mo
• Expected delta: +$302/yr (+$25/mo · 76.9%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,765
• − Mortgage interest: −$9,476
• − Property taxes: −$392
• − Insurance: −$846
• − Repairs & maintenance: −$1,021
• − Management: −$1,021
• − Depreciation: −$4,921
• Taxable loss: −$4,914
• Est. tax savings @ 24.0%: +$1,179
• After-tax cash flow: $-621/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)

No district data.

Livability — Chickasaw

• Score: 61/100
• State rank: #237
• US rank: #17438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chickasaw, AL
• City population: 6,367
• Population (ZIP): 6,367

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 0.56)
• Race & ethnicity: Black 55% White 38% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Lithuanian 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 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: ▲ 12.90%
• Current HPI: 196.621
• 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

-6.0% since first listed

2 events — show timeline

• 2026-06-13 Price Changed $169,175 GCMLS AL
• 2026-05-21 Listed $179,900 GCMLS AL

Property tax history

-0.6%/yr

Latest (2025): $392 · +12.8% YoY. Source: county tax records.