3241 Allison Bonnett Memorial Dr · Hueytown, AL 35023

$69,900

3 bd · 1.0 ba · 1,017 sqft · SingleFamily public records · 213 Days on market

Built 1948 6,098 sqft lot $69/sqft · 49% below area Est $138k · 49% under ↓ 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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 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.

Deal economics

• At list price, monthly cash flow is $516 ($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 15.2% 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, schools F, crime 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.
• 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 19d 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 $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 213 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 213 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — 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 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?
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: 1.73% ✓
• Cap rate: 15.15%
• Cash-on-cash: 31.65%
• DSCR: 2.41
• GRM: 4.8

CMA / ARV

• ARV (median comp): $138,230
• List price: $69,900
• Delta: -49.43%
• 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%)	1mo	$110,000	$115	72
116 Midway Dr	0.29mi	2/1.0 (-1)	1,040 (+2%)	9mo	$155,000	$149	70
116 Louis Ave	0.10mi	2/1.0 (-1)	919 (-10%)	5mo	$127,000	$138	70
89 Midway Dr	0.40mi	3/2.0	1,020 (+0%)	8mo	$179,864	$176	70
114 Pinewood Ave	0.45mi	2/1.0 (-1)	980 (-4%)	6mo	$132,500	$135	63
111 Florence St	0.39mi	2/1.0 (-1)	1,104 (+9%)	1mo	$78,000	$71	61
1440 Hueytown Rd	0.25mi	3/1.5	1,146 (+13%)	7mo	$159,000	$139	59
111 Westbrook Rd	0.74mi	2/1.0 (-1)	1,007 (-1%)	1mo	$60,000	$60	58
315 Hill Ave	0.59mi	3/1.0	958 (-6%)	10mo	$117,000	$122	54
109 Johnson Dr	0.73mi	2/1.0 (-1)	1,036 (+2%)	17mo	$45,000	$43	44
178 Johnson Dr	0.66mi	3/2.0	1,116 (+10%)	12mo	$161,000	$144	39
104 Vail Ave	0.69mi	2/2.0 (-1)	1,110 (+9%)	15mo	$133,000	$120	31

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: 29.8%
• Equity multiple: 2.39×
• Total profit: $27,194
• Equity at exit: $18,225

10-year hold

• IRR: 33.4%
• Equity multiple: 4.39×
• Total profit: $66,302
• 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 →

ZIP-level market 35023

• Home prices YoY: -0.1%
• Rents YoY: 1.6%
• Active inventory: 250
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,210 high
• Mortgage (P&I): −$367
• Tax from tax record: −$44 /mo · $528/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $516

Break-even live

Break-even rent $557

Max offer price $69,900

Occupancy floor 52%

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
• 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	43d	1	0.08mi
3269 Allison Bonnett Memorial Dr Bessemer, AL	3.0	2.0	1306	$1,435	$1.10	14d	1	0.17mi
1444 Hueytown Rd Unit B Hueytown, AL	2.0	1.0	725	$945	$1.30	23d	1	0.24mi
107 Wheeler Dr Bessemer, AL	2.0	1.0	950	$950	$1.00	43d	1	0.37mi
119 Wheeler Dr Bessemer, AL	3.0	2.0	1215	$1,300	$1.07	11d	1	0.39mi
102 Wheeler Dr Bessemer, AL	3.0	1.5	1200	$1,175	$0.98	43d	1	0.42mi
425 Oakwood Ave Bessemer, AL	2.0–3.0	2.0	1082	$800	$0.74	1d	2	0.46mi
1409 Hueytown Rd Unit 76 Bessemer, AL	2.0	1.0	876	$995	$1.14	2d	1	0.46mi
1409 Hueytown Rd Apt 63 Bessemer, AL	2.0	1.0	876	$995	$1.14	43d	1	0.46mi
622 S Parkell Ave Bessemer, AL	3.0	1.0	963	$1,200	$1.25	43d	1	0.47mi
109 Oak Ave Bessemer, AL	3.0	1.0	1120	$1,200	$1.07	2d	1	0.59mi
2020 High School Rd Unit C Bessemer, AL	2.0	1.0	733	$750	$1.02	14d	1	0.60mi
315 Pope Dr Bessemer, AL	3.0	2.0	1292	$1,225	$0.95	19d	1	0.65mi
116 Vail Ave Bessemer, AL	2.0	1.0	1008	$975	$0.97	19d	1	0.69mi
123 Westbrook Rd Bessemer, AL	3.0	2.0	1427	$1,275	$0.89	44d	1	0.74mi
110 Ray Ave Apt 7 Hueytown, AL	2.0	2.0	900	$875	$0.97	2d	1	0.84mi
309 Sunrise Blvd Bessemer, AL	2.0	1.0	1105	$1,160	$1.05	11d	1	1.34mi
406 Forest Rd Bessemer, AL	3.0	2.0	1200	$1,175	$0.98	14d	1	1.44mi

Listing history 16 events

1. 2026-06-18
   days on market $69,900 Active 213 DOM
2. 2026-06-17
   days on market $69,900 Active 212 DOM
3. 2026-06-16
   days on market $69,900 Active 211 DOM
4. 2026-06-15
   days on market $69,900 Active 210 DOM
5. 2026-06-13
   days on market $69,900 Active 208 DOM
6. 2026-06-10
   days on market $69,900 Active 205 DOM
7. 2026-06-09
   days on market $69,900 Active 204 DOM
8. 2026-06-08
   days on market $69,900 Active 203 DOM
9. 2026-06-07
   days on market $69,900 Active 202 DOM
10. 2026-06-03
    days on market $69,900 Active 198 DOM
11. 2026-06-02
    days on market $69,900 Active 197 DOM
12. 2026-06-01
    days on market $69,900 Active 196 DOM
13. 2026-05-31
    days on market $69,900 Active 195 DOM
14. 2026-03-20
    price $69,900 489-char remark

    Show marketing remark (489 chars)

    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!!!

15. 2026-02-02
    price $75,900 489-char remark

    Show marketing remark (489 chars)

    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!!!

16. 2025-11-17
    listed $79,900 Active 489-char remark

    Show marketing remark (489 chars)

    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!!!

ⓘ 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: $14,520
• − Mortgage interest: −$3,915
• − Property taxes: −$528
• − Insurance: −$350
• − Repairs & maintenance: −$1,162
• − Management: −$1,162
• − Depreciation: −$2,033
• Taxable income: $5,370
• Est. tax owed @ 24.0%: −$1,289
• After-tax cash flow: $4,905/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

• 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

-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