2114 Nixon Dr SE · Bessemer, AL 35022

$154,000

2 bd · 1.0 ba · 988 sqft · SingleFamily public records · 95 Days on market

Built 1962 1.00 ac lot $156/sqft · 10% below area Est $171k · 10% 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 +20.9/30.0
• ARV discount +12.1/15.0
• DSCR +6.7/10.0
• Rent growth +5.0/5.0
• 1% rule +4.9/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice Bungalow for first time home buyers or those downsizing in life! On a quiet dead end street, the character and uniqueness of this home is nothing but warm and welcoming! Get away from the hustle and bustle of a big city. This home sits on a peaceful lot that lets you really spread out and get comfortable. There is fresh paint and new LVT flooring in the Laundry, Kitchen and Dining rooms. All the Hardwoods in the home have been newly refinished. There are a lot of new/ newer lighting fixtures and recessed lighting. This home has a nice big yard with plenty of room to run and play. Enjoy breezy evenings on the porch. Take a look! Make it YOUR Home Sweet Home!

Key facts

• 1 acre lot
• Built 1962
• Listed 95 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $154k.

Deal economics

• At list price, monthly cash flow is $215 ($3k/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 $152k (1.4% below list).
• Recommended offer: $140k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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: schools D-, crime F, amenities 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.
• Market conditions: Rents rising fast (+14.8%/yr); 311 active listings in the ZIP; solid renter incomes; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 $43k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 95 days — a 9% lower offer ($140k) is reasonable based on typical stale-listing flexibility.

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 $140,140 (9.0% below list)

Questions for the listing agent

1. It's been on market 95 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 0.99% ✗
• Cap rate: 7.96%
• Cash-on-cash: 5.97%
• DSCR: 1.27
• GRM: 8.5

CMA / ARV

• ARV (median comp): $171,493
• List price: $154,000
• Delta: -10.20%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -1.9%
• Equity multiple: 0.92×
• Total profit: $-3,292
• Equity at exit: $22,962

10-year hold

• IRR: 12.3%
• Equity multiple: 2.19×
• Total profit: $51,152
• Equity at exit: $13,315

Cash invested: $43,120 (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: 8.5×

Monthly cashflow live

• Estimated rent: $1,519 medium
• Mortgage (P&I): −$808
• Tax from tax record: −$113 /mo · $1,362/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $215

Break-even live

Break-even rent $1,247

Max offer price $154,000

Occupancy floor 81%

Sensitivity live

Price	-10% $302	-5% $258	+0% $215	+5% $171	+10% $127
Rent	-10% $95	-5% $155	+0% $215	+5% $275	+10% $334
Rate	-1.0pp $292	-0.5pp $254	base $215	+0.5pp $175	+1.0pp $134

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: $38,500
• Closing costs: $4,620
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $154,000 Active 95 DOM
2. 2026-06-17
   days on market $154,000 Active 94 DOM
3. 2026-06-16
   days on market $154,000 Active 93 DOM
4. 2026-06-15
   days on market $154,000 Active 92 DOM
5. 2026-06-13
   days on market $154,000 Active 90 DOM
6. 2026-06-10
   days on market $154,000 Active 87 DOM
7. 2026-06-09
   days on market $154,000 Active 86 DOM
8. 2026-06-08
   days on market $154,000 Active 85 DOM
9. 2026-06-07
   days on market $154,000 Active 84 DOM
10. 2026-06-05
    days on market $154,000 Active 81 DOM
11. 2026-06-03
    days on market $154,000 Active 80 DOM
12. 2026-06-02
    days on market $154,000 Active 79 DOM
13. 2026-06-01
    days on market $154,000 Active 78 DOM
14. 2026-05-31
    days on market $154,000 Active 77 DOM
15. 2026-03-15
    listed $154,000 Active 671-char remark

    Show marketing remark (671 chars)

    Nice Bungalow for first time home buyers or those downsizing in life! On a quiet dead end street, the character and uniqueness of this home is nothing but warm and welcoming! Get away from the hustle and bustle of a big city. This home sits on a peaceful lot that lets you really spread out and get comfortable. There is fresh paint and new LVT flooring in the Laundry, Kitchen and Dining rooms. All the Hardwoods in the home have been newly refinished. There are a lot of new/ newer lighting fixtures and recessed lighting. This home has a nice big yard with plenty of room to run and play. Enjoy breezy evenings on the porch. Take a look! Make it YOUR Home Sweet Home!

16. 2026-03-09
    historical $154,000 671-char remark

    Show marketing remark (671 chars)

    Nice Bungalow for first time home buyers or those downsizing in life! On a quiet dead end street, the character and uniqueness of this home is nothing but warm and welcoming! Get away from the hustle and bustle of a big city. This home sits on a peaceful lot that lets you really spread out and get comfortable. There is fresh paint and new LVT flooring in the Laundry, Kitchen and Dining rooms. All the Hardwoods in the home have been newly refinished. There are a lot of new/ newer lighting fixtures and recessed lighting. This home has a nice big yard with plenty of room to run and play. Enjoy breezy evenings on the porch. Take a look! Make it YOUR Home Sweet Home!

ⓘ 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: $1,362 · $113/mo
• Projected year-2 tax: $1,362 · $113/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 ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 46% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,224
• − Mortgage interest: −$8,626
• − Property taxes: −$1,362
• − Insurance: −$770
• − Repairs & maintenance: −$1,458
• − Management: −$1,458
• − Depreciation: −$4,480
• Taxable income: $70
• Est. tax owed @ 24.0%: −$17
• After-tax cash flow: $2,557/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

+0.0% since first listed

2 events — show timeline

• 2026-03-15 Listed $154,000 Greater Alabama MLS
• 2026-03-09 Coming Soon $154,000 Greater Alabama MLS

Property tax history

+3.0%/yr

Latest (2025): $1,362 · +6.9% YoY. Source: county tax records.