Off-Market Subto Wholetail Flip – Light Rehab / High Margin Opportunity in Mobile AL
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Single Family House -
3 -
2 -
1974 -
1977 -
1977 -
Attached Garage
Description
🏡 Subto Investment Opportunity – 2950 Pretty Branch Dr E, Mobile, AL 36618
Off-Market Subto Wholetail Flip – Light Rehab / High Margin Opportunity
📍 Location: Quiet, established neighborhood just minutes from I-65 & shopping centers in the heart of Mobile.
🛏️ 3 Bedrooms | 🛁 2 Baths | 📐 1,977 Sq Ft | 🏠 Built 1974
💰 Asking Price: $20,000 Entry Fee (Comparable ARV: $200K)
🔍 Property Overview
This solid brick ranch sits on a large, level lot with mature trees and a fenced backyard — perfect for resale or long-term hold.
Property features a metal roof, updated master bath, newer vinyl flooring, and two living spaces (formal + den).
Kitchen and interior need light cosmetic updating (paint, deep clean, appliance package, trim repair).
✅ 7% fixed-rate assumable loan (Sub-To structure possible)
✅ No HOA, or rental restrictions
✅ Low local property taxes (homestead exemption applied)
✅ Great comps within 0.5 miles – similar homes selling $190K–$229K
✅ Large detached storage building and back deck area
🧾 Numbers at a Glance
ARV $215,000
Rehab Estimate (Light Wholetail) $10,000
Projected Wholetail-Retail Exit Profit $12k+ in 30-45 days
Holding Costs ~$1,400 monthly PITI
Subto Mortgage: 7% fixed rate $1,395.95 PITI ($139,058 Balance)
HUD Partial Claims: $27K Deferred interest free due upon mortgage payoff
Cash at Close: $6K to seller + TC + CC + Assignment - ($20,000 Total Cash at Close)
LTR: $1,650/month (Zillow/RentCast)
STR: Market score 93/100 $2,173/month (AirDNA)
Co-living: $2,428/month (PadSplit)
Perfect for investors, agents, or handy homeowners looking for a quick equity play or to hold as a long-term rental with strong cash flow upside.
Estimated Spread
- ARV $215,000
- Price $178,000
- Spread $37,000
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