3904 Parkwood Rd · Bessemer, AL 35022

$219,750

3 bd · 1.5 ba · 1,753 sqft · SingleFamily public records · 20 Days on market

Built 1963 1.00 ac lot Est $330k · 33% under

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Why this score? — see what drove the C+ 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 +21.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +5.7/10.0
• Rent growth +5.0/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks

AS-IS SALE ONLY. .. MOTIVATED SELLER WELCOMES ALL OFFERS. .. 2BR/2BA brick home on ONE-ACRE LOT. .. Just off Morgan Road next to I-459.. .1753 square feet of living space and just two bedrooms means big rooms throughout the home. .. Basement has garage with loads of leftover space. There's also a DETACHED "WINNEBAGO" GARAGE approximately 38 FT long. .. Home was built in 1963. Back then "old school" craftsmanship ruled the day and this home is proof of that. It bleeds "PRIDE OF CRAFTSMANSHIP". .. New owner likely will install new appliances, counters, light & plumbing fixtures, remove old wallpaper, paint home's interior, replace carpet and update both bat

Key facts

• Hardwood flooring
• Built-in pantry
• Storm windows

Tags

• ATTACHED SINGLE CARPORT
• DETACHED WINNEBAGO GARAGE
• HARDWOOD FLOORING
• CUSTOM KITCHEN CABINETRY
• BUILT-IN PANTRY
• STORM WINDOWS

Property features AI

Finance

• Financial info: Property has down payment assistance available

Exterior

• Parking: Attached garage (side entry); Detached garage; Basement parking; RV parking available; 1 total garage space (1 in basement)
• Utilities: Public water; Septic system; Gas water heater; Internet service available
• Home design: Single-family existing home; Four-sided brick exterior; Basement foundation; Full, unfinished concrete block basement
• Construction: 4-side brick construction; Basement foundation
• Exterior features: Open deck; Storage building; Some trees on the lot; No pool, no patio, no garden/patio; Not waterfront

Interior

• Kitchen: Laminate countertops; Dishwasher (built-in); Electric oven; Electric stove; Refrigerator
• Bedrooms: Master bedroom (main level); Additional bedroom(s) (main level)
• Flooring: Carpet; Hardwood (under carpet in areas); Tile flooring
• Bathrooms: 2 full bathrooms; Master bath and a full bath with separate shower and tub/shower combo
• Heating & cooling: Central heating; Central air conditioning
• Interior features: 9'+ ceilings with cathedral/vaulted areas and crown molding; Smooth ceilings; Recessed lighting; Gas fireplace with stone surround and gas logs located in the den
• Laundry & utility: Laundry room on the main level; Washer hookup and electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $333 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).
• Recommended offer: $216k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 5.9% in Bessemer — 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 59/100 on livability (#331 in AL) — a working-class tenant base; expect higher turnover. Strengths: commute A+, cost of living A+, housing A; Watch: crime F, amenities F, employment F.
• Bessemer City (suburban): math 3% / reading 19% proficiency, ranked #120 of 129 in AL (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 87% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Greenwood Elementary School (math 2% / reading 27%, grade F, #508 of 627 statewide, top 84%, 286 students, 77% FRL).
• Market conditions: Rents rising fast (+14.8%/yr); 311 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 34% of the median local income ($82k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $62k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($216k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 44% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $216,453 (1.5% below list)

Questions for the listing agent

1. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.07% ✓
• Cap rate: 8.11%
• Cash-on-cash: 6.49%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $329,564
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3904 Parkwood Rd	0.00mi	2/2.0 (-1)	1,753 (0%)	1mo	$220,750	$126	92
2440 Southwood Trce	0.09mi	3/2.5	1,984 (+13%)	12mo	$434,900	$219	60
2512 Edwards Dr SE	0.50mi	3/2.0	1,959 (+12%)	20mo	$235,000	$120	38
2052 Russet Woods Trl	0.75mi	3/2.0	1,595 (-9%)	14mo	$319,900	$201	36
609 Crest View Cir	0.60mi	3/2.5	1,991 (+14%)	12mo	$375,000	$188	35
1789 Russet Woods Ln	0.61mi	4/2.5 (+1)	1,923 (+10%)	14mo	$369,900	$192	35
5109 Valeridge Cir	0.64mi	3/2.5	2,000 (+14%)	13mo	$376,900	$188	32
1143 Lake Dr SE	0.70mi	3/1.0	2,008 (+14%)	21mo	$270,000	$134	24

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -0.8%
• Equity multiple: 0.97×
• Total profit: $-1,987
• Equity at exit: $32,765

10-year hold

• IRR: 13.5%
• Equity multiple: 2.33×
• Total profit: $82,086
• Equity at exit: $19,000

Cash invested: $61,530 (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 35022

• Home prices YoY: -20.2%
• Rents YoY: 14.8%
• Active inventory: 311
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,344 high
• Mortgage (P&I): −$1,152
• Tax est. 1.5%: −$275 /mo · $3,296/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$492
• Net cashflow: $333

Break-even live

Break-even rent $1,922

Max offer price $219,750

Occupancy floor 81%

Sensitivity live

Price	-10% $485	-5% $409	+0% $333	+5% $257	+10% $181
Rent	-10% $148	-5% $240	+0% $333	+5% $425	+10% $518
Rate	-1.0pp $444	-0.5pp $389	base $333	+0.5pp $276	+1.0pp $218

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: $54,938
• Closing costs: $6,592
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5017 Knoll View Cir Hoover, AL	4.0	2.5	2114	$2,500	$1.18	44d	1	0.59mi
5707 Park Side Rd Hoover, AL	3.0	2.0	1607	$2,050	$1.28	2d	1	0.97mi
5689 Park Side Rd Hoover, AL	3.0	2.0	1508	$2,300	$1.53	2d	1	1.00mi
5593 Park Side Cir Hoover, AL	4.0	3.0	2505	$2,850	$1.14	16d	1	1.08mi
5561 Park Side Rd Hoover, AL	4.0	2.5	2493	$2,650	$1.06	2d	1	1.24mi
5540 Park Side Rd Hoover, AL	3.0	2.0	1430	$1,853	$1.30	16d	1	1.28mi
118 Fox Hollies Blvd Bessemer, AL	3.0	2.0	1576	$1,565	$0.99	21d	1	1.33mi
5456 Park Side Cir Hoover, AL	4.0	3.0	2017	$2,499	$1.24	11d	1	1.40mi

Listing history 3 events

1. 2026-05-01
   status Pending
2. 2026-04-14
   historical Contingent
3. 2026-04-11
   listed $219,750 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 44% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,124
• − Mortgage interest: −$12,309
• − Property taxes: −$3,296
• − Insurance: −$1,099
• − Repairs & maintenance: −$2,250
• − Management: −$2,250
• − Depreciation: −$6,393
• Taxable income: $527
• Est. tax owed @ 24.0%: −$127
• After-tax cash flow: $3,868/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: Bessemer City
• NCES district ID: 0100330
• Math proficiency: 3% ▼ -18.00%
• Reading proficiency: 19% ▼ -3.00%
• Median HH income: $29,721
• Composite: 8.45/100
• National rank: #9905
• State rank: #120 of 129 in AL

Livability — Bessemer

• Score: 59/100
• State rank: #331
• US rank: #20078

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bessemer, AL
• County: Jefferson County · 527,445 people
• City population: 48,018
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 23,126
• Household income: $81,846
• Rent vs Own: 22.7% rent · 77.3% own
• Severe rent burden: 554.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 669,185 people
• By 2030: 669,694 · +0.1%
• By 2040: 661,388 · -1.2%
• By 2050: 643,086 · -3.9%
• By 2075: 577,267 · -13.7%
• By 2100: 474,758 · -29.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 53% White 41% Hispanic / Latino 3% Two or more races 2% Asian 1%
• Common ancestry: Italian 1% Slovak 1% Iranian 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 96% English-only · Spanish 3% Chinese 1%

Political lean MEDSL · Jefferson

• 2024 margin: D (+10.4) · D 54.6% · R 44.2% · Other 1.2%
• 2008→2024 swing: +5.4pp toward D · 2008: 5.1pp · 2024: 10.4pp
• All cycles: 2024: D+10.4 2020: D+13.2 2016: D+7.2 2012: D+6.0 2008: D+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -55.40%
• Current HPI: 219.3839
• Rent YoY: ▲ 14.80%
• Metro: Birmingham-Hoover, 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

3 events — show timeline

• 2026-05-01 Pending — Greater Alabama MLS
• 2026-04-14 Contingent — Greater Alabama MLS
• 2026-04-11 Listed $219,750 Greater Alabama MLS