1558 Homestead Dr · Mobile, AL 36575

$220,000

3 bd · 2.0 ba · 1,407 sqft · SingleFamily public records · 12 Days on market

Built 1999 0.25 ac lot $156/sqft · at area comps Est $215k · at est. ↓ 17% 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).

• Cash flow +15.9/30.0
• ARV discount +6.5/15.0
• DSCR +4.9/10.0
• Livability +3.8/5.0
• 1% rule +3.1/10.0
• 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

OPEN HOUSE THIS SUNDAY 5/17 1-3pm Welcome to 1558 Homestead Dr. in Semmes, Alabama where comfort, style, and functionality come together in this 3-bedroom, 2-bath home offering approximately 1,441 square feet of living space. Step inside to a spacious family room featuring vaulted ceilings and a cozy gas log fireplace, creating an inviting focal point for everyday living and entertaining. The kitchen is thoughtfully designed with granite countertops, an undermount sink, stainless steel appliances, and crisp white cabinetry, all complemented by durable LVP flooring that flows throughout the home. The primary suite features a tray ceiling and a private en suite bath with double vanities and granite countertops. A conveniently located laundry area just off the kitchen adds everyday ease. Enjoy outdoor living with a back patio overlooking a fully fenced backyard—perfect for relaxing or hosting gatherings. Additional highlights include fresh interior paint and a tankless water heater for energy efficiency, and remolded baths. This move-in ready home offers a great blend of modern updates and practical design—schedule your showing today! Buyer to verify all information during due diligence.

Key facts

• Undermount sink
• Gas log fireplace
• Vaulted ceilings

Tags

• VAULTED CEILINGS
• GAS LOG FIREPLACE
• GRANITE COUNTERTOPS
• UNDERMOUNT SINK
• STAINLESS STEEL APPLIANCES
• WHITE CABINETRY

Property features AI

Finance

• HOA & community: No transfer fees

Exterior

• Parking: 2 total parking spaces
• Utilities: Public water; Public sewer; Alabama Power; Tankless water heater
• Home design: Single-family residence; One-level home; Resale property
• Construction: Brick and vinyl siding exterior; Composition roof; Slab foundation; Built by builder (building area source)
• Exterior features: Front porch; Rear porch; Patio; Fenced yard; Lot approximately 1–3 acres; No waterfront

Interior

• Kitchen: Electric range; Cooktop; Dishwasher; Refrigerator with ice maker
• Bedrooms: Primary bedroom with attached bath; Primary bedroom has walk-in closet(s)
• Bathrooms: 2 full bathrooms; Master bath with double vanity and tub/shower combo
• Heating & cooling: Central electric heating; Central electric cooling; Ceiling fans
• Interior features: Ceiling fans; En-suite bathroom; High ceilings; Vaulted ceilings; Additional storage; Gas-log fireplace in the living room
• Laundry & utility: Washer and dryer included; Laundry located inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $104 ($1k/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 $178k (19.2% below list).
• Recommended offer: $178k (19.2% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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: Allentown Elementary School (math 31% / reading 59%, grade D-, #169 of 627 statewide, top 27%, 776 students, 53% FRL); Semmes Middle School (math 8% / reading 35%, grade F, #185 of 257 statewide, top 73%, 1,318 students, 68% FRL); Baker High School (math 25% / reading 28%, grade F, #107 of 305 statewide, top 36%, 2,491 students, 42% FRL).
• Market conditions: 185 active listings in the ZIP; 1,678 units permitted in Mobile County in 2024 (264 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 10y 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 $131k; list at $220k implies a 68% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $177,745 (19.2% 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. 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?
5. 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.
6. 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.
7. 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: 0.81% ✗
• Cap rate: 6.86%
• Cash-on-cash: 2.02%
• DSCR: 1.09
• GRM: 10.3

CMA / ARV

• ARV (median comp): $215,161
• List price: $220,000
• Delta: 2.25%
• 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
9380 Sagebrush Ct	0.27mi	3/2.0	1,419 (+1%)	0mo	$167,500	$118	86
9395 Settlers Cir	0.08mi	3/2.0	1,468 (+4%)	4mo	$232,000	$158	86
9365 Chisholm Ct	0.20mi	3/2.0	1,452 (+3%)	1mo	$220,000	$152	85
1551 Homestead Dr W	0.14mi	3/2.0	1,507 (+7%)	6mo	$228,000	$151	76
9143 Prairie Dr	0.48mi	3/2.0	1,422 (+1%)	5mo	$190,000	$134	71
1779 Ranch House Dr	0.33mi	3/2.0	1,325 (-6%)	6mo	$225,000	$170	70
1837 Sandy Creek Dr	0.44mi	3/2.0	1,313 (-7%)	0mo	$227,500	$173	68
1497 Champion Cv	0.10mi	3/2.5	1,588 (+13%)	5mo	$198,000	$125	68
1850 Wagon Wheel Dr	0.58mi	3/2.0	1,370 (-3%)	3mo	$210,000	$153	66
1820 Wagon Wheel Dr	0.56mi	3/2.0	1,341 (-5%)	3mo	$190,000	$142	64
1835 Corral Dr	0.40mi	3/2.0	1,219 (-13%)	2mo	$205,000	$168	58
1679 Wagon Wheel Dr	0.47mi	3/2.0	1,227 (-13%)	2mo	$195,000	$159	55

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: -13.2%
• Equity multiple: 0.53×
• Total profit: $-29,154
• Equity at exit: $32,803

10-year hold

• IRR: -4.3%
• Equity multiple: 0.72×
• Total profit: $-17,322
• Equity at exit: $19,022

Cash invested: $61,600 (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 36575

• Home prices YoY: -21.8%
• Active inventory: 185
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,777 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$55 /mo · $661/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $104

Break-even live

Break-even rent $1,646

Max offer price $220,000

Occupancy floor 89%

Sensitivity live

Price	-10% $228	-5% $166	+0% $104	+5% $41	+10% $-21
Rent	-10% $-37	-5% $33	+0% $104	+5% $174	+10% $244
Rate	-1.0pp $214	-0.5pp $160	base $104	+0.5pp $47	+1.0pp $-11

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-05-15
   status Pending 1215-char remark

   Show marketing remark (1215 chars)

   OPEN HOUSE THIS SUNDAY 5/17 1-3pm Welcome to 1558 Homestead Dr. in Semmes, Alabama where comfort, style, and functionality come together in this 3-bedroom, 2-bath home offering approximately 1,441 square feet of living space. Step inside to a spacious family room featuring vaulted ceilings and a cozy gas log fireplace, creating an inviting focal point for everyday living and entertaining. The kitchen is thoughtfully designed with granite countertops, an undermount sink, stainless steel appliances, and crisp white cabinetry, all complemented by durable LVP flooring that flows throughout the home. The primary suite features a tray ceiling and a private en suite bath with double vanities and granite countertops. A conveniently located laundry area just off the kitchen adds everyday ease. Enjoy outdoor living with a back patio overlooking a fully fenced backyard—perfect for relaxing or hosting gatherings. Additional highlights include fresh interior paint and a tankless water heater for energy efficiency, and remolded baths. This move-in ready home offers a great blend of modern updates and practical design—schedule your showing today! Buyer to verify all information during due diligence.

2. 2026-05-15
   status Pending 1215-char remark

   Show marketing remark (1215 chars)

   OPEN HOUSE THIS SUNDAY 5/17 1-3pm Welcome to 1558 Homestead Dr. in Semmes, Alabama where comfort, style, and functionality come together in this 3-bedroom, 2-bath home offering approximately 1,441 square feet of living space. Step inside to a spacious family room featuring vaulted ceilings and a cozy gas log fireplace, creating an inviting focal point for everyday living and entertaining. The kitchen is thoughtfully designed with granite countertops, an undermount sink, stainless steel appliances, and crisp white cabinetry, all complemented by durable LVP flooring that flows throughout the home. The primary suite features a tray ceiling and a private en suite bath with double vanities and granite countertops. A conveniently located laundry area just off the kitchen adds everyday ease. Enjoy outdoor living with a back patio overlooking a fully fenced backyard—perfect for relaxing or hosting gatherings. Additional highlights include fresh interior paint and a tankless water heater for energy efficiency, and remolded baths. This move-in ready home offers a great blend of modern updates and practical design—schedule your showing today! Buyer to verify all information during due diligence.

3. 2026-05-02
   listed $220,000 Active 1215-char remark

   Show marketing remark (1215 chars)

   OPEN HOUSE THIS SUNDAY 5/17 1-3pm Welcome to 1558 Homestead Dr. in Semmes, Alabama where comfort, style, and functionality come together in this 3-bedroom, 2-bath home offering approximately 1,441 square feet of living space. Step inside to a spacious family room featuring vaulted ceilings and a cozy gas log fireplace, creating an inviting focal point for everyday living and entertaining. The kitchen is thoughtfully designed with granite countertops, an undermount sink, stainless steel appliances, and crisp white cabinetry, all complemented by durable LVP flooring that flows throughout the home. The primary suite features a tray ceiling and a private en suite bath with double vanities and granite countertops. A conveniently located laundry area just off the kitchen adds everyday ease. Enjoy outdoor living with a back patio overlooking a fully fenced backyard—perfect for relaxing or hosting gatherings. Additional highlights include fresh interior paint and a tankless water heater for energy efficiency, and remolded baths. This move-in ready home offers a great blend of modern updates and practical design—schedule your showing today! Buyer to verify all information during due diligence.

4. 2026-05-02
   listed $220,000 Active 1215-char remark

   Show marketing remark (1215 chars)

   OPEN HOUSE THIS SUNDAY 5/17 1-3pm Welcome to 1558 Homestead Dr. in Semmes, Alabama where comfort, style, and functionality come together in this 3-bedroom, 2-bath home offering approximately 1,441 square feet of living space. Step inside to a spacious family room featuring vaulted ceilings and a cozy gas log fireplace, creating an inviting focal point for everyday living and entertaining. The kitchen is thoughtfully designed with granite countertops, an undermount sink, stainless steel appliances, and crisp white cabinetry, all complemented by durable LVP flooring that flows throughout the home. The primary suite features a tray ceiling and a private en suite bath with double vanities and granite countertops. A conveniently located laundry area just off the kitchen adds everyday ease. Enjoy outdoor living with a back patio overlooking a fully fenced backyard—perfect for relaxing or hosting gatherings. Additional highlights include fresh interior paint and a tankless water heater for energy efficiency, and remolded baths. This move-in ready home offers a great blend of modern updates and practical design—schedule your showing today! Buyer to verify all information during due diligence.

5. 2019-10-24
   soldstatus $130,900

   Show marketing remark (751 chars)

   Beautiful home, this brick, 3 bedroom 2 bath has so much to see! Upon entering the front door you will be wowed with a huge family room. This very open layout allows for the family room and kitchen to be adjoining. The kitchen has a great layout with plenty of granite counter-top work space, under-mount kitchen sink, stainless appliances, and great lighting. All lighting in home is new and the other amenities include a wood burning fireplace, solid wood style flooring throughout, great stylish bathrooms with granite and a wonderful location. This home has been renovated by a licensed home builder and is also professionally staged. This home may be subject to the Alabama right of redemption laws. The seller is a relative of the listing agent.

6. 2016-03-30
   soldstatus $81,350
7. 2016-01-12
   listed $75,000
8. 2013-01-15
   soldstatus $110,000
9. 2009-10-20
   soldstatus $130,601
10. 2008-08-15
    soldstatus $135,099
11. 2006-10-18
    soldstatus $266,054

ⓘ 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: $661 · $55/mo
• Projected year-2 tax: $902 · $75/mo
• Expected delta: +$241/yr (+$20/mo · 36.4%)

ⓘ 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 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 21 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: $21,329
• − Mortgage interest: −$12,323
• − Property taxes: −$661
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,706
• − Management: −$1,706
• − Depreciation: −$6,400
• Taxable loss: −$2,568
• Est. tax savings @ 24.0%: +$616
• After-tax cash flow: $1,861/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

• City population: 205,729
• Population (ZIP): 22,444

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 19% Hispanic / Latino 5% Two or more races 3%
• Common ancestry: Lithuanian 2% Slovak 2% Serbian 2%
• Foreign-born: 2% · Canada, Vietnam
• Languages at home: 97% English-only · Spanish 2% 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: ▼ -60.58%
• Current HPI: 217.5112
• 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

-17.3% since first listed

11 events — show timeline

• 2026-05-15 Pending — GCMLS AL
• 2026-05-15 Pending — BCAR
• 2026-05-02 Listed $220,000 GCMLS AL
• 2026-05-02 Listed $220,000 BCAR
• 2019-10-24 Sold (MLS) $130,900 GCMLS AL
• 2016-03-30 Sold (MLS) $81,350 BCAR
• 2016-01-12 Listed $75,000 BCAR
• 2013-01-15 Sold (Public Records) $110,000 Public Records
• 2009-10-20 Sold (Public Records) $130,601 Public Records
• 2008-08-15 Sold (Public Records) $135,099 Public Records
• 2006-10-18 Sold (Public Records) $266,054 Public Records

Property tax history

+4.1%/yr

Latest (2025): $661 · -7.2% YoY. Source: county tax records.