$82,000 · MOBILE COUNTY, MOBILE, AL 36606Works for landlords · Flippers would lose money
$82,000 · MOBILE COUNTY, MOBILE, AL 36606
Works for landlords · Flippers would lose money
Available
$82,000Asking price
3 bd · 1 ba · 1,202 sq ft · built 1987
MOBILE COUNTY, MOBILE, AL 36606
Contract on file
Listed
Works for landlords
Flippers would lose money
The Numbers
- Sells for (comps’ value)The seller says $145,000
- $90,000
- Asking price
- −$82,000
- RepairsMiddle of the seller’s $10,000 – $25,000. Ours: $14,000 – $29,000
- −$17,500
- Loan, holding, closing20% down, 12% interest, 2 points, 67 days
- −$7,917
- Profit−19.4% of ARV · flippers want 10%+
- −$17,417Loses money
Works for a flipper at $57,000 or less. On the seller’s $145,000 it would show $35,933 profit.
Comps
ARV $145,000
Seller’s own value
The sales behind this value are shown to members.
Seller Description
Mobile, AL • 3 bed / 1 bath SFR (1,202 sf, 1987) • ARV $145,000 with an asking price of $82,000 (43% below ARV). This property could easily be converted to a duplex with the two front doors.
Flip case: comps-backed ARV at $145,000 with a 43% discount going in. Flip analysis projects $35,933 profit and a 33% ROI, with a 25% margin.
Rental case: estimated rent at $1,250/month with projected monthly cash flow of $302. Pro forma metrics show a 10.8% cap rate and 22.1% cash-on-cash return (GRM 5.5; rent comps used: 21; assumptions: 20% down, 7% rate, 30yr, 20% expenses, 8% vacancy, $0/mo HOA).
Condition is labeled light rehab with an estimated $10,000–$25,000 in repairs—positioning this as a value-add to capture the ARV spread or stabilize for long-term cash flow.
Cash buyers preferred with a quick close.
More About This Property
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Figures from the seller unless a line says otherwise. Verify before you close.
