505 Pine St · Bessemer, AL 35022

$105,000

3 bd · 1.0 ba · 1,194 sqft · SingleFamily public records · 30 Days on market

Built 1948 0.53 ac lot Est $92k · 14% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Rent growth +5.0/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• ARV discount +1.1/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This little home has a nice-sized lot and is on a quiet street with friendly neighbors. While the home needs a little TLC and updating, it has the original wood flooring and beautiful pine paneling throughout. Several updates were completed in 2008 (windows replaced, new metal Roof; central heat and air, and ceramic siding painted). Come check it out! It has all the makings of a great first-time home or investment property.

Key facts

• Private lot
• Metal roof
• New lvp flooring

Tags

• PRIVATE LOT
• METAL ROOF
• EASY ACCESS TO INTERSTATE
• NEW LVP FLOORING

Property features AI

Finance

• Other: Property in the Pine Crest subdivision; Approximately 0.53 acre parcel

Exterior

• Parking: Driveway parking
• Utilities: Public water; Septic system; Electric water heater; Internet service available
• Home design: Existing construction; Single-story living areas (main level contains living/dining, bedrooms, full bath)
• Construction: Siding (other); Crawl space foundation
• Exterior features: No pool, deck, patio, or garden/patio; Not on waterfront; Lot view: none

Interior

• Kitchen: Solid surface countertops; Built-in dishwasher; Refrigerator; Electric stove
• Bedrooms: Three bedrooms on the main level
• Flooring: Hardwood; Tile; Vinyl
• Bathrooms: One full bathroom with tub/shower combo (main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Handyman special; Attic present; Ceilings: see remarks
• Laundry & utility: Main-level laundry with floor drain; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $460 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $103k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.6% 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.
• 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: Mcadory Elementary School (math 14% / reading 40%, grade F, #392 of 627 statewide, top 65%, 667 students, 61% FRL); Mcadory High School (math 8% / reading 17%, grade F, #237 of 305 statewide, top 78%, 1,162 students, 72% FRL) — zoned schools average 67% FRL vs 49% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+14.8%/yr); 311 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $726 of loan paydown is wiped out by about $3k 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 $29k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $50k; list at $105k implies a 110% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 55% 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 $103,425 (1.5% below list)

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.32% ✓
• Cap rate: 11.55%
• Cash-on-cash: 18.78%
• DSCR: 1.84
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $91,938
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
534 Elm St SW	0.04mi	3/1.0	1,120 (-6%)	8mo	$125,000	$112	81
517 Alice St SW	0.42mi	2/1.0 (-1)	1,230 (+3%)	17mo	$75,000	$61	56
804 Delta St	0.69mi	3/1.0	1,309 (+10%)	5mo	$46,525	$36	48
1303 Airport Ln SW	0.74mi	3/1.0	1,300 (+9%)	10mo	$99,999	$77	42

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 15.7%
• Equity multiple: 1.67×
• Total profit: $19,556
• Equity at exit: $15,656

10-year hold

• IRR: 27.5%
• Equity multiple: 3.99×
• Total profit: $87,865
• Equity at exit: $9,078

Cash invested: $29,400 (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: 6.3×

Monthly cashflow live

• Estimated rent: $1,383 high
• Mortgage (P&I): −$551
• Tax from tax record: −$38 /mo · $454/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $460

Break-even live

Break-even rent $800

Max offer price $105,000

Occupancy floor 62%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
306 W Lake Cir SW Bessemer, AL	1.0–3.0	1.0–2.0	1004	$1,455	$1.45	1d	1	0.90mi
63 Bluebell St Bessemer, AL	4.0	2.0	1232	$1,399	$1.14	16d	1	1.08mi
10 Center St Bessemer, AL	3.0	1.0	1152	$1,000	$0.87	43d	1	1.10mi
18 Center St Bessemer, AL	3.0	1.0	1418	$1,100	$0.78	43d	1	1.13mi
410 W Lake Dr Bessemer, AL	2.0	1.0	780	$875	$1.12	10d	1	1.17mi
510 W Lake Dr Bessemer, AL	3.0	1.0	950	$1,025	$1.08	16d	1	1.22mi
512 W Lake Dr Bessemer, AL	3.0	1.0	944	$1,125	$1.19	11d	1	1.22mi
300 Norwood Ave Bessemer, AL	3.0	1.0	966	$1,000	$1.04	23d	1	1.25mi
300 Norwood Ave Bessemer, AL	3.0	1.0	966	$900	$0.93	11d	1	1.25mi
531 W Lake Dr Bessemer, AL	3.0	1.0	1014	$1,200	$1.18	2d	1	1.26mi
236 Clifton St Bessemer, AL	3.0	1.0	1450	$1,100	$0.76	43d	1	1.32mi
457 Flint Hill Rd Bessemer, AL	2.0	1.5	975	$860	$0.88	2d	3	1.47mi

Listing history 23 events

1. 2026-06-18
   days on market $105,000 Active 30 DOM
2. 2026-06-17
   days on market $105,000 Active 29 DOM
3. 2026-06-16
   days on market $105,000 Active 28 DOM
4. 2026-06-15
   days on market $105,000 Active 27 DOM
5. 2026-06-13
   pricedays on market $105,000 Active 25 DOM
6. 2026-06-10
   days on market $110,000 Active 22 DOM
7. 2026-06-09
   days on market $110,000 Active 21 DOM
8. 2026-06-08
   days on market $110,000 Active 20 DOM
9. 2026-06-07
   days on market $110,000 Active 19 DOM
10. 2026-06-03
    days on market $110,000 Active 15 DOM
11. 2026-06-02
    days on market $110,000 Active 14 DOM
12. 2026-06-01
    days on market $110,000 Active 13 DOM
13. 2026-05-31
    days on market $110,000 Active 12 DOM
14. 2026-05-19
    listed $110,000 Active
15. 2026-03-20
    price $89,500
16. 2026-01-10
    price $98,000
17. 2020-12-04
    soldstatus $50,000
18. 2020-12-02
    soldstatus $50,000 Sold 428-char remark

    Show marketing remark (428 chars)

    This little home has a nice-sized lot and is on a quiet street with friendly neighbors. While the home needs a little TLC and updating, it has the original wood flooring and beautiful pine paneling throughout. Several updates were completed in 2008 (windows replaced, new metal Roof; central heat and air, and ceramic siding painted). Come check it out! It has all the makings of a great first-time home or investment property.

19. 2020-11-05
    historical Contingent 428-char remark

    Show marketing remark (428 chars)

    This little home has a nice-sized lot and is on a quiet street with friendly neighbors. While the home needs a little TLC and updating, it has the original wood flooring and beautiful pine paneling throughout. Several updates were completed in 2008 (windows replaced, new metal Roof; central heat and air, and ceramic siding painted). Come check it out! It has all the makings of a great first-time home or investment property.

20. 2020-10-22
    status Active 428-char remark

    Show marketing remark (428 chars)

    This little home has a nice-sized lot and is on a quiet street with friendly neighbors. While the home needs a little TLC and updating, it has the original wood flooring and beautiful pine paneling throughout. Several updates were completed in 2008 (windows replaced, new metal Roof; central heat and air, and ceramic siding painted). Come check it out! It has all the makings of a great first-time home or investment property.

21. 2020-09-30
    historical Contingent 428-char remark

    Show marketing remark (428 chars)

    This little home has a nice-sized lot and is on a quiet street with friendly neighbors. While the home needs a little TLC and updating, it has the original wood flooring and beautiful pine paneling throughout. Several updates were completed in 2008 (windows replaced, new metal Roof; central heat and air, and ceramic siding painted). Come check it out! It has all the makings of a great first-time home or investment property.

22. 2020-09-25
    price $78,000 428-char remark

    Show marketing remark (428 chars)

    This little home has a nice-sized lot and is on a quiet street with friendly neighbors. While the home needs a little TLC and updating, it has the original wood flooring and beautiful pine paneling throughout. Several updates were completed in 2008 (windows replaced, new metal Roof; central heat and air, and ceramic siding painted). Come check it out! It has all the makings of a great first-time home or investment property.

23. 2020-09-12
    listed $85,000 Active 428-char remark

    Show marketing remark (428 chars)

    This little home has a nice-sized lot and is on a quiet street with friendly neighbors. While the home needs a little TLC and updating, it has the original wood flooring and beautiful pine paneling throughout. Several updates were completed in 2008 (windows replaced, new metal Roof; central heat and air, and ceramic siding painted). Come check it out! It has all the makings of a great first-time home or investment property.

ⓘ 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: $454 · $38/mo
• Projected year-2 tax: $454 · $38/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 ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 55% 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: $16,591
• − Mortgage interest: −$5,882
• − Property taxes: −$454
• − Insurance: −$525
• − Repairs & maintenance: −$1,327
• − Management: −$1,327
• − Depreciation: −$3,055
• Taxable income: $4,021
• Est. tax owed @ 24.0%: −$965
• After-tax cash flow: $4,555/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 — 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 · 527,445 people
• City population: 210,422
• 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

+29.4% since first listed

10 events — show timeline

• 2026-05-19 Listed $110,000 Greater Alabama MLS
• 2026-03-20 Price Changed $89,500 Greater Alabama MLS
• 2026-01-10 Price Changed $98,000 Greater Alabama MLS
• 2020-12-04 Sold (Public Records) $50,000 Public Records
• 2020-12-02 Sold (MLS) $50,000 Greater Alabama MLS
• 2020-11-05 Contingent — Greater Alabama MLS
• 2020-10-22 Relisted — Greater Alabama MLS
• 2020-09-30 Contingent — Greater Alabama MLS
• 2020-09-25 Price Changed $78,000 Greater Alabama MLS
• 2020-09-12 Listed $85,000 Greater Alabama MLS

Property tax history

+6.8%/yr

Latest (2025): $454 · +0.0% YoY. Source: county tax records.