501 27th Ave NW · Center Point, AL 35215

$134,900

3 bd · 1.5 ba · 1,326 sqft · SingleFamily public records · 69 Days on market

Built 1959 0.37 ac lot $102/sqft · 18% below area Est $165k · 18% under

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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 +19.2/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +4.8/10.0
• 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

This classic full-brick, raised ranch is situated on a spacious 0.37-acre lot in the established Hilldale community of Center Point. The residence features three bedrooms and two bathrooms, offering a traditional layout. The exterior is highlighted by an attached front-facing garage along with a convenient paved front drive, providing multiple options for vehicle storage. Out back is a covered patio. The interior design includes an open-concept kitchen and dining area that serves as a central gathering space. Flooring finishes consist of durable vinyl throughout the kitchen and dining zones, with carpeted surfaces in the living areas and bedrooms. The home includes a full, unfinished basement that matches the main level footprint, providing extensive storage or utility space. Located near local educational facilities and neighborhood parks, this property is also positioned for easy access to the various retail and dining amenities situated along the Center Point Parkway corridor.

Key facts

• 0.37 acre lot
• Garage
• Built 1959

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $145 ($2k/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 $132k (1.9% below list).
• Recommended offer: $127k (6.0% below list) — sets the bar for market timing.

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, schools F, amenities 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 (+3.0%/yr); 334 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 30% of the median local income ($53k/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 $933 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 69 days — a 6% lower offer ($127k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1959 — 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 $126,806 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — 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. 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: 0.98% ✗
• Cap rate: 7.59%
• Cash-on-cash: 4.62%
• DSCR: 1.21
• GRM: 8.5

CMA / ARV

• ARV (median comp): $164,630
• List price: $134,900
• Delta: -18.06%
• 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
508 26th Ave NW	0.05mi	3/2.0	1,383 (+4%)	2mo	$197,600	$143	87
517 Sunhill Rd NW	0.17mi	3/1.0	1,340 (+1%)	7mo	$120,000	$90	83
440 27th Ave NW	0.06mi	3/2.0	1,280 (-4%)	10mo	$172,000	$134	81
227 27th Court Cir NW	0.29mi	3/2.0	1,338 (+1%)	8mo	$60,000	$45	76
2332 3rd St NW	0.62mi	3/1.0	1,336 (+1%)	3mo	$110,000	$82	65
2620 2nd Way NW	0.37mi	4/2.0 (+1)	1,451 (+9%)	1mo	$220,000	$152	59
316 25th Ave NW	0.44mi	3/1.5	1,200 (-10%)	6mo	$130,000	$108	59
2505 2nd St NW	0.61mi	3/1.0	1,386 (+4%)	7mo	$134,500	$97	56
217 23rd Ter NW	0.67mi	3/1.5	1,232 (-7%)	4mo	$86,000	$70	54
208 Glenvalley Ln NW	0.59mi	4/2.0 (+1)	1,306 (-2%)	12mo	$162,000	$124	53
2532 2nd Pl NW	0.45mi	3/1.0	1,132 (-15%)	0mo	$120,000	$106	52
317 Sunhill Rd NW	0.44mi	2/2.0 (-1)	1,144 (-14%)	7mo	$85,000	$74	44

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: -9.1%
• Equity multiple: 0.67×
• Total profit: $-12,550
• Equity at exit: $20,114

10-year hold

• IRR: 0.5%
• Equity multiple: 1.03×
• Total profit: $1,210
• Equity at exit: $11,664

Cash invested: $37,772 (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: 334
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,323 high
• Mortgage (P&I): −$707
• Tax from tax record: −$136 /mo · $1,634/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $145

Break-even live

Break-even rent $1,139

Max offer price $134,900

Occupancy floor 84%

Sensitivity live

Price	-10% $222	-5% $184	+0% $145	+5% $107	+10% $69
Rent	-10% $41	-5% $93	+0% $145	+5% $198	+10% $250
Rate	-1.0pp $213	-0.5pp $180	base $145	+0.5pp $110	+1.0pp $75

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2613 5th St NW Center Point, AL	3.0	1.0	1170	$1,150	$0.98	11d	1	0.07mi
532 26th Ave NW Center Point, AL	4.0	1.0	1644	$1,250	$0.76	44d	1	0.18mi
408 Sunhill Rd NW Center Point, AL	3.0	1.5	1290	$1,355	$1.05	44d	1	0.33mi
2416 4th St NW Center Point, AL	4.0	2.0	1400	$1,500	$1.07	24d	1	0.38mi
2412 4th St NW Center Point, AL	3.0	1.0	1224	$1,150	$0.94	16d	1	0.40mi
232 Glenvalley Ln NW Birmingham, AL	4.0	2.0	954	$1,610	$1.69	3d	1	0.56mi
2323 4th St NW Center Point, AL	3.0	1.0	1038	$1,305	$1.26	3d	1	0.64mi
2320 5th St NW Center Point, AL	3.0	1.0	1098	$1,150	$1.05	44d	1	0.65mi
202 Westchester Dr Birmingham, AL	4.0	2.0	1374	$1,300	$0.95	24d	1	0.71mi
127 Fox Hill Ct Center Point, AL	3.0	2.0	1418	$1,545	$1.09	44d	1	0.72mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	44d	1	0.80mi
2245 3rd St NW Center Point, AL	3.0	1.0	1156	$1,100	$0.95	24d	1	0.82mi
109 24th Ave NW Center Point, AL	3.0	1.5	1023	$1,215	$1.19	44d	1	0.83mi
2318 Raintree Ct Center Point, AL	2.0	1.0	975	$1,100	$1.13	3d	2	0.95mi
2629 Wood Dr NE Center Point, AL	3.0	1.0	1203	$1,250	$1.04	44d	1	1.09mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	44d	1	1.13mi
3073 Panorama E Birmingham, AL	1.0–3.0	1.0–2.0	975	$1,275	$1.31	2d	20	1.14mi
3309 Chase Ln Unit 3309 Birmingham, AL	2.0	2.0	1068	$1,000	$0.94	44d	1	1.14mi
457 Tupelo Way Center Point, AL	3.0	1.0	1658	$995	$0.60	21d	1	1.16mi
2537 3rd St NE Center Point, AL	3.0	2.0	1040	$1,350	$1.30	24d	1	1.21mi
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	24d	1	1.26mi
5992 Princess Blvd Birmingham, AL	3.0	2.0	1454	$1,661	$1.14	44d	1	1.33mi
2245 3rd St NE Center Point, AL	3.0	1.0	1150	$1,100	$0.96	24d	1	1.38mi
1827 Carson Rd Unit 1 Birmingham, AL	3.0	2.5	1332	$1,125	$0.84	44d	1	1.39mi
1827 Carson Rd Unit 7 Birmingham, AL	3.0	2.5	1332	$950	$0.71	24d	1	1.39mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	24d	1	1.44mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	44d	1	1.44mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	3d	4	1.45mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	3d	1	1.48mi

Listing history 18 events

1. 2026-06-18
   days on market $134,900 Active 69 DOM
2. 2026-06-17
   days on market $134,900 Active 68 DOM
3. 2026-06-16
   days on market $134,900 Active 67 DOM
4. 2026-06-15
   days on market $134,900 Active 66 DOM
5. 2026-06-13
   days on market $134,900 Active 64 DOM
6. 2026-06-10
   days on market $134,900 Active 61 DOM
7. 2026-06-09
   days on market $134,900 Active 60 DOM
8. 2026-06-08
   days on market $134,900 Active 59 DOM
9. 2026-06-07
   days on market $134,900 Active 58 DOM
10. 2026-06-03
    days on market $134,900 Active 54 DOM
11. 2026-06-02
    days on market $134,900 Active 53 DOM
12. 2026-06-01
    days on market $134,900 Active 52 DOM
13. 2026-05-31
    days on market $134,900 Active 51 DOM
14. 2026-04-10
    listed $134,900 Active 994-char remark

    Show marketing remark (994 chars)

    This classic full-brick, raised ranch is situated on a spacious 0.37-acre lot in the established Hilldale community of Center Point. The residence features three bedrooms and two bathrooms, offering a traditional layout. The exterior is highlighted by an attached front-facing garage along with a convenient paved front drive, providing multiple options for vehicle storage. Out back is a covered patio. The interior design includes an open-concept kitchen and dining area that serves as a central gathering space. Flooring finishes consist of durable vinyl throughout the kitchen and dining zones, with carpeted surfaces in the living areas and bedrooms. The home includes a full, unfinished basement that matches the main level footprint, providing extensive storage or utility space. Located near local educational facilities and neighborhood parks, this property is also positioned for easy access to the various retail and dining amenities situated along the Center Point Parkway corridor.

15. 2024-03-11
    soldstatus $7,216,000
16. 2016-02-01
    soldstatus $26,016,500
17. 2015-01-29
    soldstatus $59,000
18. 2001-07-17
    soldstatus $47,000

ⓘ 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: $1,634 · $136/mo
• Projected year-2 tax: $1,634 · $136/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 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 6 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,876
• − Mortgage interest: −$7,556
• − Property taxes: −$1,634
• − Insurance: −$674
• − Repairs & maintenance: −$1,270
• − Management: −$1,270
• − Depreciation: −$3,924
• Taxable loss: −$454
• Est. tax savings @ 24.0%: +$109
• After-tax cash flow: $1,853/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: 43,903
• 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

+187.0% since first listed

5 events — show timeline

• 2026-04-10 Listed $134,900 Greater Alabama MLS
• 2024-03-11 Sold (Public Records) $7,216,000 Public Records
• 2016-02-01 Sold (Public Records) $26,016,500 Public Records
• 2015-01-29 Sold (Public Records) $59,000 Public Records
• 2001-07-17 Sold (Public Records) $47,000 Public Records

Property tax history

+7.6%/yr

Latest (2025): $1,634 · +15.0% YoY. Source: county tax records.