3232 Virginia Dr · Hueytown, AL 35023

$240,000

4 bd · 2.0 ba · 1,520 sqft · SingleFamily public records · 6 Days on market

Built 1975 0.50 ac lot $158/sqft · at area comps Est $248k · at est.

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Why this score? — see what drove the D 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 +13.7/30.0
• ARV discount +9.0/15.0
• Appreciation +4.7/10.0
• DSCR +4.1/10.0
• Rent growth +2.9/5.0
• Livability +2.9/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

Welcome Home!! 4 bedrooms 2 full baths! Office/Study could be a 5th bedroom if needed. Living Room, eat in kit along with dining room. Enjoy large, fenced back yard while sitting on your new built deck. Lots of storage with linen and coat closets. New 3.5-ton HVAC, cleaned, sanitized encapsulated air ducts!! RV parking with electricity. Roof 2023, hot water tank 2016, hardwood floors 2019, and HVAC 2025.

Key facts

• Cleaned air ducts
• Roof 2023
• Fenced back yard

Tags

• FENCED BACK YARD
• BUILT DECK
• RV PARKING WITH ELECTRICITY
• NEW HVAC
• CLEANED AIR DUCTS
• ROOF 2023

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $17 ($203/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $186k (22.7% below list).
• Recommended offer: $186k (22.7% below list) — sets the bar for 1% rule.

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; 2 comparable units currently listed for rent nearby; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 32% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $219 of equity ($2k loan paydown + $-1k 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.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 12y 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 $130k; list at $240k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 48% 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 $185,612 (22.7% below list)

Questions for the listing agent

1. Built in 1975 — 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 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?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.77% ✗
• Cap rate: 6.38%
• Cash-on-cash: 0.30%
• DSCR: 1.01
• GRM: 10.8

CMA / ARV

• ARV (median comp): $248,056
• List price: $240,000
• Delta: -1.27%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6332 Donaldson Dr	0.44mi	4/2.0	1,524 (+0%)	15mo	$120,000	$79	66
3240 Larabee Ln	0.18mi	3/2.0 (-1)	1,657 (+9%)	11mo	$202,000	$122	62
3210 Churchview Way	0.15mi	3/2.0 (-1)	1,444 (-5%)	23mo	$245,000	$170	61
3261 Crossover Rd	0.23mi	3/2.0 (-1)	1,366 (-10%)	12mo	$239,000	$175	58
2020 Virginia Ln	0.18mi	3/2.0 (-1)	1,430 (-6%)	23mo	$224,000	$157	57
135 Cape Rd	0.55mi	3/2.0 (-1)	1,664 (+10%)	4mo	$220,000	$132	50
2967 Lone Oak Rd	0.65mi	3/2.0 (-1)	1,674 (+10%)	8mo	$301,500	$180	41
198 Space Rd	0.42mi	3/4.0 (-1)	1,745 (+15%)	5mo	$198,900	$114	38

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: -5.1%
• Equity multiple: 0.77×
• Total profit: $-15,310
• Equity at exit: $62,574

10-year hold

• IRR: 0.2%
• Equity multiple: 1.02×
• Total profit: $1,491
• Equity at exit: $69,752

Cash invested: $67,200 (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: 10.8×

Monthly cashflow live

• Estimated rent: $1,856 medium
• Mortgage (P&I): −$1,259
• Tax from tax record: −$91 /mo · $1,090/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $17

Break-even live

Break-even rent $1,835

Max offer price $240,000

Occupancy floor 94%

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3010 Lone Oak Rd Bessemer, AL	3.0	3.0	1725	$1,905	$1.10	2d	1	0.37mi
2085 Edenwood Cir Bessemer, AL	3.0	2.0	1767	$1,630	$0.92	2d	1	0.38mi

Listing history 19 events

1. 2026-06-18
   days on market $240,000 Active 6 DOM
2. 2026-06-17
   days on market $240,000 Active 5 DOM
3. 2026-06-16
   days on market $240,000 Active 4 DOM
4. 2026-06-15
   days on market $240,000 Active 3 DOM
5. 2026-06-13
   pricedays on marketlisting id $240,000 Active 1 DOM
6. 2026-06-07
   days on market $244,900 Active 278 DOM
7. 2026-06-03
   days on market $244,900 Active 274 DOM
8. 2026-06-02
   days on market $244,900 Active 273 DOM
9. 2026-06-01
   days on market $244,900 Active 272 DOM
10. 2026-05-31
    days on market $244,900 Active 271 DOM
11. 2026-02-19
    price $244,900 411-char remark

    Show marketing remark (411 chars)

    Welcome Home!! 4 bedrooms 2 full baths! Office/Study could be a 5th bedroom if needed. Living Room, eat in kit along with dining room. Enjoy large, fenced back yard while sitting on your new built deck. Lots of storage with linen and coat closets. New 3.5-ton HVAC, cleaned, sanitized encapsulated air ducts!! RV parking with electricity. Roof 2023, hot water tank 2016, hardwood floors 2019, and HVAC 2025.

12. 2025-09-02
    listed $249,900 Active 411-char remark

    Show marketing remark (411 chars)

    Welcome Home!! 4 bedrooms 2 full baths! Office/Study could be a 5th bedroom if needed. Living Room, eat in kit along with dining room. Enjoy large, fenced back yard while sitting on your new built deck. Lots of storage with linen and coat closets. New 3.5-ton HVAC, cleaned, sanitized encapsulated air ducts!! RV parking with electricity. Roof 2023, hot water tank 2016, hardwood floors 2019, and HVAC 2025.

13. 2025-08-30
    historical $249,900 411-char remark

    Show marketing remark (411 chars)

    Welcome Home!! 4 bedrooms 2 full baths! Office/Study could be a 5th bedroom if needed. Living Room, eat in kit along with dining room. Enjoy large, fenced back yard while sitting on your new built deck. Lots of storage with linen and coat closets. New 3.5-ton HVAC, cleaned, sanitized encapsulated air ducts!! RV parking with electricity. Roof 2023, hot water tank 2016, hardwood floors 2019, and HVAC 2025.

14. 2015-05-29
    soldstatus $130,046
15. 2015-05-28
    soldstatus $129,900 546-char remark

    Show marketing remark (546 chars)

    New Price and whole interior is being repainted a neutral color. Nice Large 4 or 5 bedroom home on large flat lot. Owners have made a ton of updates to this home. Recent updates include new windows, roof, vinyl siding, exterior paint, HVAC, screened porch and grilling deck, kitchen with Corian counters, new cabinets and appliances; new tile in baths. There are many one-owner homes in this area. Pride of ownership shows! Lovely porch overlooking peaceful backyard. Nice carport and one car garage. Maintenance free exterior. Call to see today!

16. 2015-04-25
    historical 546-char remark

    Show marketing remark (546 chars)

    New Price and whole interior is being repainted a neutral color. Nice Large 4 or 5 bedroom home on large flat lot. Owners have made a ton of updates to this home. Recent updates include new windows, roof, vinyl siding, exterior paint, HVAC, screened porch and grilling deck, kitchen with Corian counters, new cabinets and appliances; new tile in baths. There are many one-owner homes in this area. Pride of ownership shows! Lovely porch overlooking peaceful backyard. Nice carport and one car garage. Maintenance free exterior. Call to see today!

17. 2014-08-07
    listed $129,900 546-char remark

    Show marketing remark (546 chars)

    New Price and whole interior is being repainted a neutral color. Nice Large 4 or 5 bedroom home on large flat lot. Owners have made a ton of updates to this home. Recent updates include new windows, roof, vinyl siding, exterior paint, HVAC, screened porch and grilling deck, kitchen with Corian counters, new cabinets and appliances; new tile in baths. There are many one-owner homes in this area. Pride of ownership shows! Lovely porch overlooking peaceful backyard. Nice carport and one car garage. Maintenance free exterior. Call to see today!

18. 1993-08-31
    soldstatus $44,050
19. 1979-01-01
    soldstatus $44,050

ⓘ 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: $1,090 · $91/mo
• Projected year-2 tax: $1,090 · $91/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 ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 48% 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: $22,273
• − Mortgage interest: −$13,444
• − Property taxes: −$1,090
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,782
• − Management: −$1,782
• − Depreciation: −$6,982
• Taxable loss: −$4,006
• Est. tax savings @ 24.0%: +$961
• After-tax cash flow: $1,164/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

+456.0% since first listed

9 events — show timeline

• 2026-02-19 Price Changed $244,900 Greater Alabama MLS
• 2025-09-02 Listed $249,900 Greater Alabama MLS
• 2025-08-30 Coming Soon $249,900 Greater Alabama MLS
• 2015-05-29 Sold (Public Records) $130,046 Public Records
• 2015-05-28 Sold (MLS) $129,900 Greater Alabama MLS
• 2015-04-25 Delisted — Greater Alabama MLS
• 2014-08-07 Listed $129,900 Greater Alabama MLS
• 1993-08-31 Sold (Public Records) $44,050 Public Records
• 1979-01-01 Sold (Public Records) $44,050 Public Records

Property tax history

+3.3%/yr

Latest (2025): $1,090 · -4.4% YoY. Source: county tax records.