1408 29th Ave N · Hueytown, AL 35023

$175,000

3 bd · 2.0 ba · 1,450 sqft · SingleFamily public records · 28 Days on market

Built 1961 0.29 ac lot Est $246k · 29% under

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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).

• ARV discount +15.0/15.0
• Cash flow +11.9/30.0
• Appreciation +4.7/10.0
• DSCR +3.5/10.0
• 1% rule +3.1/10.0
• Rent growth +2.9/5.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

Check out this 4-sided brick home with tons of natural light and plenty of storage. This three bedroom two bath home has a large master walk-in closet. Newly refinished hardwood flooring in the living, dining, hallway and bedrooms. The large sunroom overlooks a level partial fenced back yard and the basement garage has space for a workshop and storage. Plenty of extra off road parking!! Schedule your private showing today!!!

Key facts

• Hardwood flooring
• Large sunroom
• Basement garage

Tags

• 4 SIDED BRICK
• HARDWOOD FLOORING
• FUNCTIONAL LAYOUT
• LARGE SUNROOM
• PARTIALLY FENCED YARD
• BASEMENT GARAGE

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: Attached garage with side entry; Total garage spaces: 1; Driveway parking and off-street parking; parking on main level
• Utilities: Public water; Connected sewer; Electric water heater; Internet service available
• Home design: 4-sided brick construction; Basement foundation; Partial daylight basement with both finished and unfinished areas; Tri-level: no / Split-level: no / Split foyer: no; Existing (previously built) home
• Construction: 4-sided brick exterior; Basement foundation
• Exterior features: Fenced yard; Some trees; Street lights on the block

Interior

• Kitchen: Laminate countertops; Electric cooktop; Electric oven; Built-in dishwasher; Refrigerator; Some stainless appliances
• Bedrooms: Master bedroom (main level); Two additional bedrooms (main level); Walk-in closets; Linen closet
• Flooring: Hardwood; Hardwood laminate; Tile flooring
• Bathrooms: Two full bathrooms; Separate shower and tub/shower combo; Separate vanities
• Heating & cooling: Gas heating; Central air conditioning; Ceiling fans
• Interior features: Smooth ceilings; Textured walls; One wood-burning fireplace with tile surround in the living room; Pantry
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $-46 ($-550/yr) — negative.
• To cash-flow at today's rent, offer at most $167k (4.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $141k (19.2% below list).
• Recommended offer: $141k (19.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 57/100 on livability (#378 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D, crime F, amenities F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Hueytown Primary School (653 students, 64% FRL); Hueytown High School (math 7% / reading 20%, grade F, #235 of 305 statewide, top 77%, 1,210 students, 79% FRL) — zoned schools average 72% FRL vs 49% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.6%/yr); 250 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• In year one you build about $160 of equity ($1k loan paydown + $-1k appreciation (-0.6% local appreciation)).
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y 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 $110k; list at $175k implies a 59% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 46% 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 $141,387 (19.2% 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. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 5.98%
• Cash-on-cash: -1.12%
• DSCR: 0.95
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $246,500
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1605 27th Ave N	0.29mi	4/2.0 (+1)	1,532 (+6%)	1mo	$175,000	$114	72
3867 Heritage Crest Dr	0.68mi	4/2.0 (+1)	1,444 (-0%)	1mo	$244,900	$170	62
1220 26th Ave N	0.15mi	4/2.0 (+1)	1,665 (+15%)	2mo	$195,000	$117	62
1313 22nd Ave N	0.67mi	3/2.0	1,500 (+3%)	5mo	$145,000	$97	58
3870 Heritage Crest Dr	0.65mi	4/2.0 (+1)	1,497 (+3%)	2mo	$262,400	$175	57
1103 26th Ave N	0.33mi	3/1.5	1,232 (-15%)	1mo	$175,900	$143	57
3875 Heritage Crest Dr	0.68mi	4/2.0 (+1)	1,497 (+3%)	1mo	$266,750	$178	57
1733 Faircrest Dr	0.73mi	3/2.0	1,528 (+5%)	4mo	$110,000	$72	54
105 Greenridge Ter	0.70mi	4/2.0 (+1)	1,368 (-6%)	2mo	$74,300	$54	51
3855 Heritage Crest Dr	0.68mi	3/2.0	1,281 (-12%)	1mo	$239,400	$187	48
3874 Heritage Crest Dr	0.65mi	3/2.0	1,272 (-12%)	3mo	$244,900	$193	47
3871 Heritage Crest Dr	0.68mi	3/2.0	1,272 (-12%)	1mo	$244,900	$193	47

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

Projected returns pro-forma

-0.6% appreciation · 1.6% rent growth · sell at horizon

5-year hold

• IRR: -6.8%
• Equity multiple: 0.70×
• Total profit: $-14,888
• Equity at exit: $45,627

10-year hold

• IRR: -1.5%
• Equity multiple: 0.86×
• Total profit: $-6,995
• Equity at exit: $50,861

Cash invested: $49,000 (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 35023

• Home prices YoY: -0.1%
• Rents YoY: 1.6%
• Active inventory: 250
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,414 high
• Mortgage (P&I): −$918
• Tax from tax record: −$172 /mo · $2,066/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $-46

Break-even live

Break-even rent $1,472

Max offer price $166,898

Occupancy floor 98%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1036 Rose Hill Cir Bessemer, AL	3.0	2.0	1277	$1,300	$1.02	21d	1	0.22mi
1623 26th Ave N Bessemer, AL	2.0	1.0	1004	$1,095	$1.09	11d	1	0.34mi
1032 26th Ave N Bessemer, AL	3.0	1.0	1724	$1,175	$0.68	2d	1	0.41mi
1013 25th Ave N Bessemer, AL	3.0	2.0	1144	$1,546	$1.35	15d	1	0.49mi
428 Willow Ln Bessemer, AL	4.0	2.0	1375	$1,620	$1.18	14d	1	0.55mi
905 26th Ave N Bessemer, AL	4.0	2.0	1218	$1,200	$0.99	1d	1	0.59mi
3447 Jeanne Ln Bessemer, AL	3.0	2.0	1460	$1,850	$1.27	1d	1	0.62mi
1314 22nd Ave N Bessemer, AL	3.0	1.0	1038	$1,000	$0.96	43d	1	0.68mi
2234 19th St N Bessemer, AL	2.0	1.0	1106	$975	$0.88	43d	1	0.74mi
2129 13th St N Bessemer, AL	4.0	1.0	1378	$1,445	$1.05	14d	1	0.79mi
1929 15th St N Bessemer, AL	3.0	2.0	1140	$1,250	$1.10	19d	1	0.87mi
2028 13th St N Bessemer, AL	3.0	2.0	1372	$1,073	$0.78	23d	1	0.87mi
3201 Circle Dr Bessemer, AL	3.0	2.0	1531	$1,750	$1.14	1d	1	0.90mi
2109 29th Ave N Bessemer, AL	4.0	2.0	1217	$1,323	$1.09	2d	1	0.93mi
116 Avalon Ave Bessemer, AL	4.0	1.0	1207	$1,200	$0.99	43d	1	1.01mi
2822 Brooklane Dr Bessemer, AL	2.0	1.0	975	$1,000	$1.03	43d	1	1.32mi
2832 Clyburne St Bessemer, AL	3.0	2.0	1295	$1,650	$1.27	1d	1	1.36mi
531 Tinker St Bessemer, AL	3.0	2.0	1766	$2,450	$1.39	10d	1	1.39mi

Listing history 23 events

1. 2026-06-18
   days on market $175,000 Active 28 DOM
2. 2026-06-17
   days on market $175,000 Active 27 DOM
3. 2026-06-16
   days on market $175,000 Active 26 DOM
4. 2026-06-15
   days on market $175,000 Active 25 DOM
5. 2026-06-13
   days on market $175,000 Active 23 DOM
6. 2026-06-10
   days on market $175,000 Active 20 DOM
7. 2026-06-09
   days on market $175,000 Active 19 DOM
8. 2026-06-08
   days on market $175,000 Active 18 DOM
9. 2026-06-07
   days on market $175,000 Active 17 DOM
10. 2026-06-03
    days on market $175,000 Active 13 DOM
11. 2026-06-02
    days on market $175,000 Active 12 DOM
12. 2026-06-01
    days on market $175,000 Active 11 DOM
13. 2026-05-31
    days on market $175,000 Active 10 DOM
14. 2026-05-21
    listed $175,000 Active
15. 2026-03-08
    historical $1,386
16. 2026-03-06
    price $1,386
17. 2026-03-05
    listed $1,359
18. 2020-05-08
    soldstatus $110,000
19. 2020-04-30
    soldstatus $110,000 Sold 428-char remark

    Show marketing remark (428 chars)

    Check out this 4-sided brick home with tons of natural light and plenty of storage. This three bedroom two bath home has a large master walk-in closet. Newly refinished hardwood flooring in the living, dining, hallway and bedrooms. The large sunroom overlooks a level partial fenced back yard and the basement garage has space for a workshop and storage. Plenty of extra off road parking!! Schedule your private showing today!!!

20. 2020-04-02
    historical Contingent 428-char remark

    Show marketing remark (428 chars)

    Check out this 4-sided brick home with tons of natural light and plenty of storage. This three bedroom two bath home has a large master walk-in closet. Newly refinished hardwood flooring in the living, dining, hallway and bedrooms. The large sunroom overlooks a level partial fenced back yard and the basement garage has space for a workshop and storage. Plenty of extra off road parking!! Schedule your private showing today!!!

21. 2020-04-01
    listed $119,900 Active 428-char remark

    Show marketing remark (428 chars)

    Check out this 4-sided brick home with tons of natural light and plenty of storage. This three bedroom two bath home has a large master walk-in closet. Newly refinished hardwood flooring in the living, dining, hallway and bedrooms. The large sunroom overlooks a level partial fenced back yard and the basement garage has space for a workshop and storage. Plenty of extra off road parking!! Schedule your private showing today!!!

22. 1996-01-08
    soldstatus $82,900
23. 1995-12-29
    soldstatus $82,900

ⓘ 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: $2,066 · $172/mo
• Projected year-2 tax: $2,066 · $172/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 6/10 Major 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 46% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,966
• − Mortgage interest: −$9,803
• − Property taxes: −$2,066
• − Insurance: −$875
• − Repairs & maintenance: −$1,357
• − Management: −$1,357
• − Depreciation: −$5,091
• Taxable loss: −$3,583
• Est. tax savings @ 24.0%: +$860
• After-tax cash flow: $310/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Hueytown

• Score: 57/100
• State rank: #378
• US rank: #21611

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hueytown, AL
• County: Jefferson County · 527,445 people
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 25,533
• Household income: $69,863
• Rent vs Own: 15.1% rent · 84.9% own
• Severe rent burden: 247.0

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: White 58% Black 30% Hispanic / Latino 7% Two or more races 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 1% Lithuanian 1% Serbian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 7%

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: ▼ -0.60%
• Current HPI: 389.38
• Rent YoY: ▲ 1.60%
• 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

+111.1% since first listed

10 events — show timeline

• 2026-05-21 Listed $175,000 Greater Alabama MLS
• 2026-03-08 Rental Removed $1,386 RENTLY
• 2026-03-06 Price Changed $1,386 RENTLY
• 2026-03-05 Listed for Rent $1,359 RENTLY
• 2020-05-08 Sold (Public Records) $110,000 Public Records
• 2020-04-30 Sold (MLS) $110,000 Greater Alabama MLS
• 2020-04-02 Contingent — Greater Alabama MLS
• 2020-04-01 Listed $119,900 Greater Alabama MLS
• 1996-01-08 Sold (Public Records) $82,900 Public Records
• 1995-12-29 Sold (Public Records) $82,900 Public Records

Property tax history

+9.8%/yr

Latest (2025): $2,066 · -16.9% YoY. Source: county tax records.