2348 3rd Pl NW · Center Point, AL 35215

$150,000

3 bd · 1.0 ba · 1,204 sqft · SingleFamily public records · 97 Days on market

Built 1958 0.57 ac lot $125/sqft · 16% above area Est $151k · 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 +15.5/30.0
• ARV discount +7.8/15.0
• DSCR +4.8/10.0
• 1% rule +3.6/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully remodeled 4-bedroom, 1-bath home located in Center Point with modern updates throughout and move-in ready convenience. The home features an updated kitchen, fresh finishes, and a functional layout with plenty of natural light. Conveniently located near shopping, dining, and major roadways with easy access to Birmingham.

Key facts

• Natural light
• Updated kitchen
• Remodeled home

Tags

• REMODELED HOME
• UPDATED KITCHEN
• NATURAL LIGHT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $60 ($718/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 $129k (13.9% below list).
• Recommended offer: $129k (13.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#193 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, commute A, housing A; Watch: crime D, 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: Center Point Elementary School (618 students, 82% FRL); Erwin Middle School (math 2% / reading 17%, grade F, #233 of 257 statewide, top 91%, 617 students, 94% FRL); Center Point High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 774 students, 91% FRL) — zoned schools average 89% FRL vs 49% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 6% at this address vs 20% district-wide (-14 pts) — the specific schools serving this property underperform the Jefferson County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+3.0%/yr); 336 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 97 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $56k; list at $150k implies a 168% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — 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 $129,170 (13.9% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — 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 D 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. 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?
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: 0.86% ✗
• Cap rate: 6.77%
• Cash-on-cash: 1.71%
• DSCR: 1.08
• GRM: 9.7

CMA / ARV

• ARV (median comp): $151,115
• List price: $150,000
• Delta: -0.74%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
316 25th Ave NW	0.22mi	3/1.5	1,200 (-0%)	6mo	$130,000	$108	82
217 23rd Ter NW	0.19mi	3/1.5	1,232 (+2%)	4mo	$86,000	$70	82
2332 3rd St NW	0.10mi	3/1.0	1,336 (+11%)	3mo	$110,000	$82	74
2532 2nd Pl NW	0.36mi	3/1.0	1,132 (-6%)	0mo	$120,000	$106	73
317 Sunhill Rd NW	0.13mi	2/2.0 (-1)	1,144 (-5%)	7mo	$85,000	$74	71
2320 5th St NW	0.24mi	3/1.0	1,098 (-9%)	7mo	$90,000	$82	68
517 Sunhill Rd NW	0.38mi	3/1.0	1,340 (+11%)	7mo	$120,000	$90	58
101 23rd Ter NW	0.42mi	3/1.0	1,049 (-13%)	5mo	$114,000	$109	55
424 Tupelo Way	0.64mi	3/1.0	1,272 (+6%)	7mo	$90,000	$71	55
5 21st Ct NW	0.74mi	2/1.0 (-1)	1,245 (+3%)	6mo	$52,000	$42	50
227 27th Court Cir NW	0.48mi	3/2.0	1,338 (+11%)	8mo	$60,000	$45	48
508 26th Ave NW	0.47mi	3/2.0	1,383 (+15%)	2mo	$197,600	$143	48

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 · 3.04% rent growth · sell at horizon

5-year hold

• IRR: -13.6%
• Equity multiple: 0.51×
• Total profit: $-20,470
• Equity at exit: $22,365

10-year hold

• IRR: -4.6%
• Equity multiple: 0.69×
• Total profit: $-12,815
• Equity at exit: $12,969

Cash invested: $42,000 (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 35215

• Home prices YoY: -34.4%
• Rents YoY: 3.0%
• Active inventory: 336
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,292 high
• Mortgage (P&I): −$787
• Tax from tax record: −$111 /mo · $1,338/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $60

Break-even live

Break-even rent $1,216

Max offer price $150,000

Occupancy floor 90%

Sensitivity live

Price	-10% $145	-5% $102	+0% $60	+5% $17	+10% $-25
Rent	-10% $-42	-5% $9	+0% $60	+5% $111	+10% $162
Rate	-1.0pp $135	-0.5pp $98	base $60	+0.5pp $21	+1.0pp $-19

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2323 4th St NW Center Point, AL	3.0	1.0	1038	$1,305	$1.26	5d	1	0.14mi
2412 4th St NW Center Point, AL	3.0	1.0	1224	$1,150	$0.94	18d	1	0.19mi
2416 4th St NW Center Point, AL	4.0	2.0	1400	$1,500	$1.07	25d	1	0.20mi
2320 5th St NW Center Point, AL	3.0	1.0	1098	$1,150	$1.05	45d	1	0.25mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	45d	1	0.26mi
2245 3rd St NW Center Point, AL	3.0	1.0	1156	$1,100	$0.95	25d	1	0.26mi
408 Sunhill Rd NW Center Point, AL	3.0	1.5	1290	$1,355	$1.05	45d	1	0.27mi
109 24th Ave NW Center Point, AL	3.0	1.5	1023	$1,215	$1.19	45d	1	0.40mi
2318 Raintree Ct Center Point, AL	2.0	1.0	975	$1,100	$1.13	4d	2	0.43mi
2613 5th St NW Center Point, AL	3.0	1.0	1170	$1,150	$0.98	13d	1	0.50mi
127 Fox Hill Ct Center Point, AL	3.0	2.0	1418	$1,545	$1.09	45d	1	0.60mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	45d	1	0.63mi
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	25d	1	0.84mi
232 Glenvalley Ln NW Birmingham, AL	4.0	2.0	954	$1,610	$1.69	5d	1	0.86mi
2629 Wood Dr NE Center Point, AL	3.0	1.0	1203	$1,250	$1.04	45d	1	0.88mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	5d	4	0.89mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	45d	1	0.89mi
2245 3rd St NE Center Point, AL	3.0	1.0	1150	$1,100	$0.96	25d	1	0.90mi
124 21st Ave NE Unit 202 Center Point, AL	2.0	1.0	830	$750	$0.90	18d	1	0.91mi
123 21st Ave NE Center Point, AL	2.0	1.0	850	$800	$0.94	45d	1	0.94mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	25d	1	0.94mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	13d	1	0.96mi
2537 3rd St NE Center Point, AL	3.0	2.0	1040	$1,350	$1.30	25d	1	0.96mi
202 Westchester Dr Birmingham, AL	4.0	2.0	1374	$1,300	$0.95	25d	1	0.97mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	45d	1	0.98mi
1827 Carson Rd Unit 1 Birmingham, AL	3.0	2.5	1332	$1,125	$0.84	45d	1	1.03mi
1827 Carson Rd Unit 7 Birmingham, AL	3.0	2.5	1332	$950	$0.71	25d	1	1.03mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	5d	1	1.04mi
1821 Carson Rd Unit 3 Birmingham, AL	2.0	1.5	800	$580	$0.72	23d	1	1.05mi
1821 Carson Rd Unit 2 Birmingham, AL	2.0	1.5	800	$765	$0.96	45d	1	1.05mi
405 18th Ave NW Center Point, AL	3.0	2.0	1162	$1,299	$1.12	45d	1	1.06mi
1801 Carson Rd Unit 2 Birmingham, AL	2.0	1.0	800	$600	$0.75	12d	1	1.10mi
3309 Chase Ln Unit 3309 Birmingham, AL	2.0	2.0	1068	$1,000	$0.94	45d	1	1.14mi
401 22nd Ave NE Center Point, AL	2.0	1.5	850	$745	$0.88	18d	1	1.14mi
1712 4th Pl NW Center Point, AL	3.0	1.0	1182	$1,150	$0.97	25d	1	1.14mi
1700 4th Pl NW Center Point, AL	3.0	1.0	914	$1,075	$1.18	25d	1	1.16mi
1732 6th St NW Center Point, AL	3.0	1.5	1300	$1,250	$0.96	5d	1	1.17mi
2109 Whetstone Ct Center Point, AL	2.0	1.5	800	$675	$0.84	5d	1	1.17mi
3073 Panorama E Birmingham, AL	1.0–3.0	1.0–2.0	975	$1,275	$1.31	3d	20	1.21mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	45d	1	1.25mi

Listing history 22 events

1. 2026-06-22
   days on market $150,000 Active 97 DOM
2. 2026-06-18
   days on market $150,000 Active 94 DOM
3. 2026-06-17
   days on market $150,000 Active 93 DOM
4. 2026-06-16
   days on market $150,000 Active 92 DOM
5. 2026-06-15
   days on market $150,000 Active 91 DOM
6. 2026-06-13
   days on market $150,000 Active 89 DOM
7. 2026-06-10
   days on market $150,000 Active 86 DOM
8. 2026-06-09
   days on market $150,000 Active 85 DOM
9. 2026-06-08
   days on market $150,000 Active 84 DOM
10. 2026-06-07
    days on market $150,000 Active 83 DOM
11. 2026-06-03
    days on market $150,000 Active 79 DOM
12. 2026-06-02
    days on market $150,000 Active 78 DOM
13. 2026-06-01
    days on market $150,000 Active 77 DOM
14. 2026-05-31
    days on market $150,000 Active 76 DOM
15. 2026-05-01
    price $150,000 327-char remark

    Show marketing remark (327 chars)

    Fully remodeled 4-bedroom, 1-bath home located in Center Point with modern updates throughout and move-in ready convenience. The home features an updated kitchen, fresh finishes, and a functional layout with plenty of natural light. Conveniently located near shopping, dining, and major roadways with easy access to Birmingham.

16. 2026-04-22
    price $155,000 327-char remark

    Show marketing remark (327 chars)

    Fully remodeled 4-bedroom, 1-bath home located in Center Point with modern updates throughout and move-in ready convenience. The home features an updated kitchen, fresh finishes, and a functional layout with plenty of natural light. Conveniently located near shopping, dining, and major roadways with easy access to Birmingham.

17. 2026-03-16
    listed $160,000 Active 327-char remark

    Show marketing remark (327 chars)

    Fully remodeled 4-bedroom, 1-bath home located in Center Point with modern updates throughout and move-in ready convenience. The home features an updated kitchen, fresh finishes, and a functional layout with plenty of natural light. Conveniently located near shopping, dining, and major roadways with easy access to Birmingham.

18. 2024-02-29
    soldstatus $56,000 Sold 629-char remark

    Show marketing remark (629 chars)

    Located in the heart of Center Point, Alabama! This 3 BR 1 Bath single-family, brick home, offers a perfect investment opportunity. Located on a large corner lot. This home is in need of significant repairs and upgrades. There has been a house fire in the back of the home. The structure has fire damage to the ceiling and attic area. There is no Kitchen in the home. The power meter has been pulled so there are no utilities to the home. Bank Owned Foreclosure. Right of Redemption applies. Property is being sold "As Is". Seller requires proof of funds and Buyer must agree to and sign Seller addendums / disclosures.

19. 2024-01-19
    status Pending 629-char remark

    Show marketing remark (629 chars)

    Located in the heart of Center Point, Alabama! This 3 BR 1 Bath single-family, brick home, offers a perfect investment opportunity. Located on a large corner lot. This home is in need of significant repairs and upgrades. There has been a house fire in the back of the home. The structure has fire damage to the ceiling and attic area. There is no Kitchen in the home. The power meter has been pulled so there are no utilities to the home. Bank Owned Foreclosure. Right of Redemption applies. Property is being sold "As Is". Seller requires proof of funds and Buyer must agree to and sign Seller addendums / disclosures.

20. 2024-01-08
    listed $45,000 Active 629-char remark

    Show marketing remark (629 chars)

    Located in the heart of Center Point, Alabama! This 3 BR 1 Bath single-family, brick home, offers a perfect investment opportunity. Located on a large corner lot. This home is in need of significant repairs and upgrades. There has been a house fire in the back of the home. The structure has fire damage to the ceiling and attic area. There is no Kitchen in the home. The power meter has been pulled so there are no utilities to the home. Bank Owned Foreclosure. Right of Redemption applies. Property is being sold "As Is". Seller requires proof of funds and Buyer must agree to and sign Seller addendums / disclosures.

21. 2006-07-06
    soldstatus $86,900
22. 1999-06-14
    soldstatus $69,900

ⓘ 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: $1,338 · $111/mo
• Projected year-2 tax: $1,338 · $111/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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,500
• − Mortgage interest: −$8,402
• − Property taxes: −$1,338
• − Insurance: −$750
• − Repairs & maintenance: −$1,240
• − Management: −$1,240
• − Depreciation: −$4,364
• Taxable loss: −$1,833
• Est. tax savings @ 24.0%: +$440
• After-tax cash flow: $1,158/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 — Center Point

• Score: 63/100
• State rank: #193
• US rank: #15671

Category grades

Amenities F Commute A Cost of living A+ Crime D Employment F Housing A Health & safety F User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Center Point, AL
• County: Jefferson County · 527,445 people
• City population: 210,422
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 43,903
• Household income: $52,793
• Rent vs Own: 43.4% rent · 56.6% own
• Severe rent burden: 1729.0

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 (75%)
• Race & ethnicity: Black 75% White 15% Hispanic / Latino 7% Two or more races 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 1% Italian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 92% 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: ▼ -112.97%
• Current HPI: 215.0607
• Rent YoY: ▲ 3.04%
• 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

+114.6% since first listed

8 events — show timeline

• 2026-05-01 Price Changed $150,000 Greater Alabama MLS
• 2026-04-22 Price Changed $155,000 Greater Alabama MLS
• 2026-03-16 Listed $160,000 Greater Alabama MLS
• 2024-02-29 Sold (MLS) $56,000 Greater Alabama MLS
• 2024-01-19 Pending — Greater Alabama MLS
• 2024-01-08 Listed $45,000 Greater Alabama MLS
• 2006-07-06 Sold (Public Records) $86,900 Public Records
• 1999-06-14 Sold (Public Records) $69,900 Public Records

Property tax history

+13.5%/yr

Latest (2025): $1,338 · +157.8% YoY. Source: county tax records.