3241 Allison Bonnett Memorial Dr · Bessemer, AL 35023

$69,900

3 bd · 1.0 ba · 1,017 sqft · SingleFamily public records · 264 Days on market

Built 1948 Fair condition 6,098 sqft lot $69/sqft · 51% below area ↓ 13% 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
• Livability +3.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.2/5.0
• Schools +1.4/10.0

Listing remarks MLS

Discover the potential of this property located along Allison Bonnett Memorial Drive in the heart of Hueytown. This home has great bones and sits on an excellent lot. Whether you're a buyer ready to create your dream space or an investor seeking your next profitable project, this property delivers exceptional opportunity. Don’t miss your chance to capitalize on this prime Hueytown location. This listing includes two parcels being sold together. Call for your appointment today!!!

Key facts

• Two parcels
• Excellent lot
• 6,098 sq ft lot

Tags

• EXCELLENT LOT
• TWO PARCELS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $504 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.0% vs local median 5.7% 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.
• 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 Intermediate School (math 11% / reading 35%, grade F, #431 of 627 statewide, top 69%, 481 students, 63% FRL); Hueytown Middle School (math 0% / reading 30%, grade F, #206 of 257 statewide, top 80%, 789 students, 62% FRL); Hueytown High School (math 7% / reading 20%, grade F, #235 of 305 statewide, top 77%, 1,210 students, 79% FRL) — zoned schools average 68% FRL vs 49% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.6%/yr); 295 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 60d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 83% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• In year one you build about $64 of equity ($483 loan paydown + $-419 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 $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 264 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1948 — 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 $61,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 264 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.71% ✓
• Cap rate: 14.95%
• Cash-on-cash: 30.93%
• DSCR: 2.38
• GRM: 4.9

CMA / ARV

• ARV (median comp): $142,539
• List price: $69,900
• Delta: -50.96%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
108 Jones Ave	0.29mi	2/1.0 (-1)	960 (-6%)	2mo	$110,000	$115	70
116 Louis Ave	0.10mi	2/1.0 (-1)	919 (-10%)	6mo	$127,000	$138	69
116 Midway Dr	0.29mi	2/1.0 (-1)	1,040 (+2%)	10mo	$155,000	$149	69
89 Midway Dr	0.40mi	3/2.0	1,020 (+0%)	10mo	$179,864	$176	69
114 Pinewood Ave	0.46mi	2/1.0 (-1)	980 (-4%)	7mo	$132,500	$135	62
111 Florence St	0.39mi	2/1.0 (-1)	1,104 (+9%)	3mo	$78,000	$71	60
1440 Hueytown Rd	0.25mi	3/1.5	1,146 (+13%)	9mo	$159,000	$139	58
111 Westbrook Rd	0.74mi	2/1.0 (-1)	1,007 (-1%)	3mo	$60,000	$60	56
315 Hill Ave	0.59mi	3/1.0	958 (-6%)	12mo	$117,000	$122	53
109 Johnson Dr	0.73mi	2/1.0 (-1)	1,036 (+2%)	18mo	$45,000	$43	42
178 Johnson Dr	0.66mi	3/2.0	1,116 (+10%)	14mo	$161,000	$144	38
104 Vail Ave	0.69mi	2/2.0 (-1)	1,110 (+9%)	16mo	$133,000	$120	30

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: 29.1%
• Equity multiple: 2.35×
• Total profit: $26,466
• Equity at exit: $18,225

10-year hold

• IRR: 32.6%
• Equity multiple: 4.31×
• Total profit: $64,784
• Equity at exit: $20,315

Cash invested: $19,572 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 13 active · 6 under contract
• Months of supply: 7.1 mo (14%/mo absorbed)
• Median asking: $124,900 ($120/sqft)
• Median days on market: 83 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +16.5% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 35023

• Home prices YoY: -0.1%
• Rents YoY: 1.6%
• Active inventory: 295
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,195 high
• Mortgage (P&I): −$367
• Tax from tax record: −$44 /mo · $528/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $504

Break-even live

Break-even rent $557

Max offer price $69,900

Occupancy floor 53%

Sensitivity live

Price	-10% $544	-5% $524	+0% $504	+5% $485	+10% $465
Rent	-10% $410	-5% $457	+0% $504	+5% $552	+10% $599
Rate	-1.0pp $540	-0.5pp $522	base $504	+0.5pp $486	+1.0pp $468

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: $17,475
• Closing costs: $2,097
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
105 Louis Ave Bessemer, AL	2.0	1.0	1073	$1,100	$1.03	92d	1	0.08mi
3269 Allison Bonnett Memorial Dr Bessemer, AL	3.0	2.0	1306	$1,435	$1.10	63d	1	0.17mi
1444 Hueytown Rd Unit B Hueytown, AL	2.0	1.0	725	$900	$1.24	39d	1	0.24mi
650 S Parkell Ave Unit 686 Bessemer, AL	2.0	1.0	936	$875	$0.93	31d	1	0.30mi
107 Wheeler Dr Bessemer, AL	2.0	1.0	950	$950	$1.00	92d	1	0.37mi
119 Wheeler Dr Bessemer, AL	3.0	2.0	1215	$1,300	$1.07	60d	1	0.39mi
102 Wheeler Dr Bessemer, AL	3.0	1.5	1200	$1,175	$0.98	92d	1	0.42mi
425 Oakwood Ave Bessemer, AL	2.0–3.0	2.0	1082	$975	$0.90	25d	2	0.46mi
1409 Hueytown Rd Apt 63 Bessemer, AL	2.0	1.0	876	$995	$1.14	92d	1	0.46mi
622 S Parkell Ave Bessemer, AL	3.0	1.0	963	$1,200	$1.25	92d	1	0.47mi
109 Oak Ave Bessemer, AL	3.0	1.0	1120	$1,200	$1.07	52d	1	0.59mi
2020 High School Rd Apt H Bessemer, AL	2.0	1.0	733	$600	$0.82	17d	1	0.60mi
2020 High School Rd Unit C Bessemer, AL	2.0	1.0	733	$750	$1.02	63d	1	0.60mi
315 Pope Dr Bessemer, AL	3.0	2.0	1292	$1,200	$0.93	39d	1	0.65mi
116 Vail Ave Bessemer, AL	2.0	1.0	1008	$925	$0.92	17d	1	0.69mi
123 Westbrook Rd Bessemer, AL	3.0	2.0	1427	$1,275	$0.89	93d	1	0.74mi
309 Sunrise Blvd Bessemer, AL	2.0	1.0	1105	$1,160	$1.05	60d	1	1.34mi
406 Forest Rd Bessemer, AL	3.0	2.0	1200	$1,125	$0.94	31d	1	1.44mi

Listing history 50 events

1. 2026-08-08
   days on market $69,900 Active 264 DOM
2. 2026-08-07
   days on market $69,900 Active 263 DOM
3. 2026-08-06
   days on market $69,900 Active 262 DOM
4. 2026-08-05
   days on market $69,900 Active 261 DOM
5. 2026-08-04
   days on market $69,900 Active 260 DOM
6. 2026-08-03
   days on market $69,900 Active 259 DOM
7. 2026-07-31
   days on market $69,900 Active 256 DOM
8. 2026-07-30
   days on market $69,900 Active 254 DOM
9. 2026-07-28
   days on market $69,900 Active 253 DOM
10. 2026-07-26
    days on market $69,900 Active 251 DOM
11. 2026-07-24
    days on market $69,900 Active 249 DOM
12. 2026-07-23
    days on market $69,900 Active 248 DOM
13. 2026-07-22
    days on market $69,900 Active 247 DOM
14. 2026-07-21
    days on market $69,900 Active 246 DOM
15. 2026-07-20
    days on market $69,900 Active 245 DOM
16. 2026-07-19
    days on market $69,900 Active 243 DOM
17. 2026-07-18
    days on market $69,900 Active 242 DOM
18. 2026-07-16
    days on market $69,900 Active 241 DOM
19. 2026-07-15
    days on market $69,900 Active 240 DOM
20. 2026-07-14
    days on market $69,900 Active 239 DOM
21. 2026-07-13
    days on market $69,900 Active 238 DOM
22. 2026-07-13
    days on market $69,900 Active 237 DOM
23. 2026-07-11
    days on market $69,900 Active 236 DOM
24. 2026-07-10
    days on market $69,900 Active 235 DOM
25. 2026-07-09
    days on market $69,900 Active 234 DOM
26. 2026-07-07
    days on market $69,900 Active 232 DOM
27. 2026-07-06
    days on market $69,900 Active 231 DOM
28. 2026-07-05
    days on market $69,900 Active 230 DOM
29. 2026-07-03
    days on market $69,900 Active 228 DOM
30. 2026-07-02
    days on market $69,900 Active 227 DOM
31. 2026-07-01
    days on market $69,900 Active 226 DOM
32. 2026-06-30
    days on market $69,900 Active 225 DOM
33. 2026-06-29
    days on market $69,900 Active 224 DOM
34. 2026-06-28
    days on market $69,900 Active 223 DOM
35. 2026-06-27
    days on market $69,900 Active 222 DOM
36. 2026-06-27
    days on market $69,900 Active 221 DOM
37. 2026-06-25
    days on market $69,900 Active 219 DOM
38. 2026-06-22
    days on market $69,900 Active 217 DOM
39. 2026-06-22
    days on market $69,900 Active 216 DOM
40. 2026-06-18
    days on market $69,900 Active 213 DOM
41. 2026-06-17
    days on market $69,900 Active 212 DOM
42. 2026-06-16
    days on market $69,900 Active 211 DOM
43. 2026-06-15
    days on market $69,900 Active 210 DOM
44. 2026-06-13
    days on market $69,900 Active 208 DOM
45. 2026-06-10
    days on market $69,900 Active 205 DOM
46. 2026-06-09
    days on market $69,900 Active 204 DOM
47. 2026-06-08
    days on market $69,900 Active 203 DOM
48. 2026-06-07
    days on market $69,900 Active 202 DOM
49. 2026-06-03
    days on market $69,900 Active 198 DOM
50. 2026-06-02
    days on market $69,900 Active 197 DOM

ⓘ 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: $528 · $44/mo
• Projected year-2 tax: $528 · $44/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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥108°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 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,341
• − Mortgage interest: −$3,915
• − Property taxes: −$528
• − Insurance: −$350
• − Repairs & maintenance: −$1,147
• − Management: −$1,147
• − Depreciation: −$2,033
• Taxable income: $5,220
• Est. tax owed @ 24.0%: −$1,253
• After-tax cash flow: $4,800/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.

Condition & rehab AI · 7 photos

Fair 45/100 Moderate rehab Est. rehab $25,425–$45,765 screening

This property requires moderate renovations, including painting the exterior, landscaping, and replacing the carpet. These updates will significantly improve its curb appeal and property value.

Components & finishes AI

Roof asphalt shingle · good

Deferred maintenance Est. $40,500–$122,000 screening

• Minor Roof (roof) — No visible signs of damage or wear
• Major Windows (windows) — Visible discoloration and potential rot
• Major Electrical (electrical) — No visible signs of damage or wear
• Major Exterior (exterior) — Visible discoloration and potential rot
• Major Plumbing (plumbing) — No visible signs of damage or wear

Repairs flagged

• Major Painting exterior siding — Peeling paint
• Major Landscaping — Overgrown landscaping
• Major Flooring — Worn carpet

Value-add opportunities

• Both Painting exterior siding — Enhances curb appeal and property value ↑
• Both Landscaping — Improves curb appeal and property value ↑
• Both Flooring — Enhances interior aesthetics and property value ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 14/100

Zoned Schools

Elementary Hueytown Primary School Middle Hueytown Middle School F AL #206/257 Nat'l #12,632/14,009 High Hueytown High School F AL #235/305 Nat'l #15,655/17,239

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

D Composite livability gradescore 59/100

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

• County: Jefferson County · 669,185 people
• City population: 48,018
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 25,533
• Household income: $69,863
• Rent vs Own: 15.1% rent · 84.9% own
• Severe rent burden: 14% of renters

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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%

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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%

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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

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Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

-12.5% since first listed

3 events — show timeline

• 2026-03-20 Price Changed $69,900 Greater Alabama MLS
• 2026-02-02 Price Changed $75,900 Greater Alabama MLS
• 2025-11-17 Listed $79,900 Greater Alabama MLS