546 Charleston Dr · Bessemer, AL 35020

$60,000

3 bd · 1.0 ba · 1,108 sqft · SingleFamily public records · 46 Days on market

Built 1948 10,454 sqft lot $54/sqft · 12% below area Est $68k · 12% under ↓ 14% 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 +12.7/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Rent growth +1.7/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Adorable 2-bedroom 1 bath fixer upper with loads of potential. Investors welcome. Would make a great investment property. New windows. Renovated kitchen. Mold remediation needed for the rear of the home. Some original hardwoods. Spacious den. Stove to remain. Gas fireplace present but does not work. No central heat and air. Window units and space heaters present. Please contact your favorite agent for viewing options. Owner occupied, please do not disturb. Property is being sold "As Is".

Key facts

• Original hardwoods
• Gas fireplace
• Renovated kitchen

Tags

• NEW WINDOWS
• RENOVATED KITCHEN
• ORIGINAL HARDWOODS
• SPACIOUS DEN
• GAS FIREPLACE

Property features AI

Finance

• Other: Property sits on approximately 0.24 acres; Subdivision: Broadmoor Estates

Exterior

• Parking: Driveway parking; One carport space
• Utilities: Public water; Connected sewer; Gas water heater; Internet service availability unknown
• Home design: Existing (previously built) property; Siding: Vinyl; Crawl space foundation
• Construction: Vinyl siding construction
• Exterior features: No pool, patio, deck, or garden/patio listed; Not waterfront; Lot view: none

Interior

• Kitchen: Laminate countertops; Refrigerator; Gas stove
• Bedrooms: Bedrooms located on main level
• Flooring: Hardwood; Hardwood under carpet; Vinyl
• Bathrooms: One full bathroom with tub/shower combo; Linen closet
• Heating & cooling: Space heaters for heat; Window air conditioning units
• Interior features: Hardwood and vinyl flooring with hardwood under carpet; Ceilings: Other (see remarks); Gas fireplace with gas logs in the living room; Attic with pull-down access; No additional interior features listed
• Laundry & utility: Main-level laundry area; Washer hookup; Electric dryer hookup; Gas 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 $488 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $58k (3.0% below list) — sets the bar for market timing.
• Cap rate 16.0% 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: crime F, amenities F, employment 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.
• Zoned schools: Abrams Elementary School (math 2% / reading 17%, grade F, #568 of 627 statewide, top 94%, 254 students, 78% FRL); Bessemer City Middle School (math 3% / reading 23%, grade F, #215 of 257 statewide, top 84%, 674 students, 88% FRL); Bessemer City High School (math 2% / reading 8%, grade F, #276 of 305 statewide, top 95%, 850 students, 61% FRL).
• Market conditions: Rents falling (-3.1%/yr); 116 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 70% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 39% of the median local income ($35k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $415 of loan paydown is wiped out by about $2k 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 + 0.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($58k) 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 $58,200 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.90% ✓
• Cap rate: 16.05%
• Cash-on-cash: 34.84%
• DSCR: 2.55
• GRM: 4.4

CMA / ARV

• ARV (median comp): $67,923
• List price: $60,000
• Delta: -11.66%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
520 Brewer Dr	0.22mi	3/1.0	1,040 (-6%)	2mo	$95,000	$91	78
333 Lexington Ave	0.06mi	3/2.0	1,095 (-1%)	20mo	$130,000	$119	75
5928 Warner St	0.43mi	3/1.0	999 (-10%)	2mo	$37,500	$38	62
6012 Alice Ave	0.35mi	3/1.0	1,020 (-8%)	17mo	$50,000	$49	57
6001 Ivy St	0.39mi	3/1.0	966 (-13%)	8mo	$75,000	$78	54
5817 Ellington St	0.54mi	3/1.0	1,018 (-8%)	12mo	$15,000	$15	51
440 Oakmont St	0.63mi	3/1.0	960 (-13%)	3mo	$53,000	$55	46
1254 Lewis St	0.69mi	3/1.0	1,200 (+8%)	11mo	$48,000	$40	45
442 Oakmont St	0.63mi	3/2.0	1,250 (+13%)	14mo	$106,000	$85	34

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

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 26.9%
• Equity multiple: 2.07×
• Total profit: $18,011
• Equity at exit: $8,946

10-year hold

• IRR: 32.6%
• Equity multiple: 3.55×
• Total profit: $42,817
• Equity at exit: $5,188

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 35020

• Home prices YoY: -24.2%
• Rents YoY: -3.1%
• Active inventory: 116
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,142 high
• Mortgage (P&I): −$315
• Tax est. 1.5%: −$75 /mo · $900/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $488

Break-even live

Break-even rent $525

Max offer price $60,000

Occupancy floor 52%

Sensitivity live

Price	-10% $529	-5% $508	+0% $488	+5% $467	+10% $446
Rent	-10% $397	-5% $443	+0% $488	+5% $533	+10% $578
Rate	-1.0pp $518	-0.5pp $503	base $488	+0.5pp $472	+1.0pp $456

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 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
546 Selma Rd Bessemer, AL	3.0	1.0	888	$900	$1.01	45d	1	0.16mi
520 Brewer Dr Bessemer, AL	3.0	1.0	1040	$1,100	$1.06	5d	1	0.23mi
6001 Ivy St Birmingham, AL	3.0	1.0	906	$950	$1.05	45d	1	0.39mi
6025 Ivy St Birmingham, AL	4.0	2.0	1232	$1,300	$1.06	45d	1	0.40mi
6029 Ivy St Birmingham, AL	4.0	2.0	1234	$1,200	$0.97	45d	1	0.40mi
5107 5th St N Bessemer, AL	2.0	1.0	775	$950	$1.23	45d	1	0.47mi
5912 Owen St Bessemer, AL	3.0	1.5	1192	$1,300	$1.09	45d	1	0.50mi
1254 Lewis St Brighton, AL	3.0	1.0	1200	$850	$0.71	45d	1	0.69mi
4506 Letson St Brighton, AL	3.0	2.0	1032	$1,200	$1.16	25d	1	0.87mi
5906 5th St S Bessemer, AL	2.0	1.0	916	$900	$0.98	25d	1	0.93mi
5704 14th St S Bessemer, AL	2.0	2.0	1024	$850	$0.83	17d	1	0.94mi
3225 4th Ave N Bessemer, AL	3.0	2.0	1486	$1,300	$0.87	25d	1	0.99mi
5709 13th St S Bessemer, AL	3.0	1.0	1120	$1,200	$1.07	45d	1	1.01mi
80 Wilkes Cir Birmingham, AL	4.0	2.0	1078	$1,200	$1.11	16d	1	1.06mi
63 Wilkes Cir Unit 1 Birmingham, AL	4.0	1.0	1164	$1,250	$1.07	45d	1	1.07mi
63 Wilkes Cir Birmingham, AL	4.0	1.0	1164	$1,200	$1.03	45d	1	1.07mi
832 Alden Ave Birmingham, AL	4.0	2.0	1231	$1,150	$0.93	25d	1	1.08mi
36 Wilkes Cir Birmingham, AL	2.0	1.0	762	$875	$1.15	45d	1	1.09mi
3230 Arlington Ave Bessemer, AL	2.0	2.0	1236	$795	$0.64	45d	1	1.13mi
3019 7th Ave N Bessemer, AL	3.0	1.0	1080	$1,050	$0.97	45d	1	1.16mi
5703 Avenue O Unit O Bessemer, AL	2.0	1.0	936	$800	$0.85	45d	1	1.17mi
806 12th Ave Birmingham, AL	3.0	1.0	1262	$1,075	$0.85	45d	1	1.35mi
603 11th Ave Birmingham, AL	3.0	1.0	1289	$1,100	$0.85	45d	1	1.35mi
1109 12th Ave Birmingham, AL	4.0	2.0	1217	$1,475	$1.21	5d	1	1.39mi
605 10th Ave Birmingham, AL	3.0	1.0	1060	$850	$0.80	45d	1	1.41mi
3216 Avenue B Unit B Bessemer, AL	3.0	2.0	1220	$1,100	$0.90	45d	1	1.43mi
5624 Cairo Ave Birmingham, AL	4.0	2.0	1386	$1,200	$0.87	45d	1	1.46mi

Listing history 16 events

1. 2026-06-21
   days on market $60,000 Active 46 DOM
2. 2026-06-18
   days on market $60,000 Active 43 DOM
3. 2026-06-17
   days on market $60,000 Active 42 DOM
4. 2026-06-16
   days on market $60,000 Active 41 DOM
5. 2026-06-15
   days on market $60,000 Active 40 DOM
6. 2026-06-13
   pricedays on market $60,000 Active 38 DOM
7. 2026-06-10
   days on market $70,000 Active 35 DOM
8. 2026-06-09
   days on market $70,000 Active 34 DOM
9. 2026-06-08
   days on market $70,000 Active 33 DOM
10. 2026-06-07
    days on market $70,000 Active 32 DOM
11. 2026-06-05
    days on market $70,000 Active 29 DOM
12. 2026-06-03
    days on market $70,000 Active 28 DOM
13. 2026-06-02
    days on market $70,000 Active 27 DOM
14. 2026-06-01
    days on market $70,000 Active 26 DOM
15. 2026-05-31
    days on market $70,000 Active 25 DOM
16. 2026-05-06
    listed $70,000 Active 502-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 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 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,707
• − Mortgage interest: −$3,361
• − Property taxes: −$900
• − Insurance: −$300
• − Repairs & maintenance: −$1,097
• − Management: −$1,097
• − Depreciation: −$1,745
• Taxable income: $5,207
• Est. tax owed @ 24.0%: −$1,250
• After-tax cash flow: $4,603/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): 24,892
• Household income: $35,362
• Rent vs Own: 40.6% rent · 59.4% own
• Severe rent burden: 1001.0

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: Predominantly Black (74%)
• Race & ethnicity: Black 74% Hispanic / Latino 13% White 11% Two or more races 6%
• Hispanic origin (detail): Mexican 10%
• Foreign-born: 5% · Canada
• Languages at home: 89% English-only · Spanish 11%

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: ▼ -57.54%
• Current HPI: 179.7702
• Rent YoY: ▼ -3.12%
• 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

-14.3% since first listed

2 events — show timeline

• 2026-06-12 Price Changed $60,000 Greater Alabama MLS
• 2026-05-06 Listed $70,000 Greater Alabama MLS