2017 29th Ave · Hueytown, AL 35023

$60,000

3 bd · 1.0 ba · 1,218 sqft · SingleFamily public records · 3 Days on market

Built 1954 9,583 sqft lot ↓ 24% since listing

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +4.7/10.0
• Rent growth +2.9/5.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks

This 3-bedroom, 1-bath home built circa 1953 offers classic character and a spacious layout ready for your vision. Situated on a level lot with a front driveway and detached garage, it provides ample outdoor space and functional appeal. Inside, you’ll find original hardwood floors, a living area with fireplace, and generously sized windows that bring in natural light. The kitchen features ample cabinetry and workspace, offering a great footprint for customization. With solid bones, a traditional floor plan, and convenient access to major roadways and nearby amenities, this home presents a strong opportunity for buyers seeking value and potential in an established residential setting.

Key facts

• Ample cabinetry
• Nearby amenities
• 9,583 sq ft lot

Tags

• ORIGINAL HARDWOOD FLOORS
• LIVING AREA WITH FIREPLACE
• AMPLE CABINETRY
• NEARBY AMENITIES

Property features AI

Finance

• Other: Subdivision: Bessemer North Highlands

Exterior

• Parking: Detached garage with side entry; Driveway parking; Total 1 garage space (main level)
• Utilities: Public water; Connected sewer; Electric water heater; Internet availability unknown
• Home design: Vinyl siding exterior; Existing structure; Crawl space foundation; Single-story layout (rooms listed at main level)
• Construction: Vinyl siding construction
• Exterior features: No pool, patio, deck, or garden/patio; Not waterfront; Lot not in a flood plain; Approximately 0.22 acre lot

Interior

• Kitchen: Laminate countertops; Dishwasher (built-in), Refrigerator, Gas stove
• Bedrooms: Three bedrooms on the main level
• Flooring: Hardwood and laminate floors
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: No heat; No air conditioning; Ceiling fans
• Interior features: Handyman special; Smooth ceilings; Brick gas fireplace in the living room (1 fireplace)
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $584 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Cap rate 18.0% vs local median 5.9% in Hueytown — 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 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; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 $55 of equity ($415 loan paydown + $-360 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.
• At projected returns (-0.6% appreciation + 1.6% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $60,000

Questions for the listing agent

1. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
7. 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.
8. 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: 2.22% ✓
• Cap rate: 17.97%
• Cash-on-cash: 41.70%
• DSCR: 2.86
• GRM: 3.8

CMA / ARV

• ARV (on-the-fly): $146,160
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1802 Devon Rd	0.27mi	3/1.0	1,168 (-4%)	1mo	$94,000	$80	79
3368 Crescent Dr	0.23mi	2/2.0 (-1)	1,242 (+2%)	1mo	$177,000	$143	76
2032 Shady Ln	0.23mi	2/1.0 (-1)	1,262 (+4%)	4mo	$112,000	$89	75
2905 Circle Dr	0.17mi	2/2.0 (-1)	1,157 (-5%)	1mo	$134,800	$117	73
2123 28th Ave	0.20mi	3/2.0	1,345 (+10%)	1mo	$199,000	$148	68
120 Avalon Ave	0.45mi	3/1.0	1,140 (-6%)	2mo	$56,000	$49	67
3217 Circle Dr	0.23mi	3/2.0	1,371 (+13%)	2mo	$100,000	$73	63
2117 Mississippi Ave	0.50mi	3/1.0	1,152 (-5%)	9mo	$137,900	$120	60
3219 Circle Dr	0.24mi	2/1.0 (-1)	1,064 (-13%)	4mo	$135,000	$127	59
2512 Circle Dr	0.37mi	3/1.0	1,360 (+12%)	5mo	$65,000	$48	59
2911 Dwaine Ave	0.61mi	3/2.0	1,331 (+9%)	4mo	$215,000	$162	49
2716 Emerald Ave	0.56mi	3/2.0	1,400 (+15%)	7mo	$195,000	$139	39

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: 40.5%
• Equity multiple: 2.90×
• Total profit: $31,962
• Equity at exit: $15,644

10-year hold

• IRR: 43.4%
• Equity multiple: 5.44×
• Total profit: $74,581
• Equity at exit: $17,438

Cash invested: $16,800 (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: 3.8×

Monthly cashflow live

• Estimated rent: $1,332 high
• Mortgage (P&I): −$315
• Tax from tax record: −$129 /mo · $1,548/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $584

Break-even live

Break-even rent $593

Max offer price $60,000

Occupancy floor 51%

Sensitivity live

Price	-10% $618	-5% $601	+0% $584	+5% $567	+10% $550
Rent	-10% $479	-5% $531	+0% $584	+5% $636	+10% $689
Rate	-1.0pp $614	-0.5pp $599	base $584	+0.5pp $568	+1.0pp $552

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2109 29th Ave N Bessemer, AL	4.0	2.0	1217	$1,323	$1.09	3d	1	0.14mi
116 Avalon Ave Bessemer, AL	4.0	1.0	1207	$1,200	$0.99	44d	1	0.46mi
2423 Circle Dr Bessemer, AL	2.0	1.0	732	$1,050	$1.43	44d	1	0.48mi
2822 Brooklane Dr Bessemer, AL	2.0	1.0	975	$1,000	$1.03	44d	1	0.53mi
2832 Clyburne St Bessemer, AL	3.0	2.0	1295	$1,650	$1.27	2d	1	0.57mi
1623 26th Ave N Bessemer, AL	2.0	1.0	1004	$1,095	$1.09	12d	1	0.58mi
2234 19th St N Bessemer, AL	2.0	1.0	1106	$975	$0.88	44d	1	0.71mi
216 Meadowood Ave Bessemer, AL	3.0	1.0	1430	$1,250	$0.87	3d	1	0.77mi
119 Lakeland Ave Bessemer, AL	3.0	1.0	1042	$1,125	$1.08	24d	1	0.89mi
208 Kentwood Ave Bessemer, AL	3.0	1.0	1177	$1,075	$0.91	44d	1	0.94mi
309 Sunrise Blvd Bessemer, AL	2.0	1.0	1105	$1,160	$1.05	12d	1	0.98mi
1036 Rose Hill Cir Bessemer, AL	3.0	2.0	1277	$1,300	$1.02	22d	1	1.02mi
1929 15th St N Bessemer, AL	3.0	2.0	1140	$1,250	$1.10	20d	1	1.13mi
1314 22nd Ave N Bessemer, AL	3.0	1.0	1038	$1,000	$0.96	44d	1	1.21mi
428 Willow Ln Bessemer, AL	4.0	2.0	1375	$1,620	$1.18	15d	1	1.25mi
1013 25th Ave N Bessemer, AL	3.0	2.0	1144	$1,546	$1.35	17d	1	1.27mi
2129 13th St N Bessemer, AL	4.0	1.0	1378	$1,445	$1.05	15d	1	1.30mi
2028 13th St N Bessemer, AL	3.0	2.0	1372	$1,073	$0.78	24d	1	1.35mi
905 26th Ave N Bessemer, AL	4.0	2.0	1218	$1,200	$0.99	2d	1	1.39mi
3447 Jeanne Ln Bessemer, AL	3.0	2.0	1460	$1,850	$1.27	2d	1	1.41mi

Listing history 4 events

1. 2026-05-11
   status Pending
2. 2026-05-06
   listed $60,000 Active
3. 2004-09-09
   soldstatus $85,000
4. 1999-02-25
   soldstatus $78,900

ⓘ 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: $1,548 · $129/mo
• Projected year-2 tax: $1,548 · $129/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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $15,988
• − Mortgage interest: −$3,361
• − Property taxes: −$1,548
• − Insurance: −$300
• − Repairs & maintenance: −$1,279
• − Management: −$1,279
• − Depreciation: −$1,745
• Taxable income: $6,475
• Est. tax owed @ 24.0%: −$1,554
• After-tax cash flow: $5,452/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

-24.0% since first listed

4 events — show timeline

• 2026-05-11 Pending — Greater Alabama MLS
• 2026-05-06 Listed $60,000 Greater Alabama MLS
• 2004-09-09 Sold (Public Records) $85,000 Public Records
• 1999-02-25 Sold (Public Records) $78,900 Public Records

Property tax history

+2.8%/yr

Latest (2025): $1,548 · -0.2% YoY. Source: county tax records.