1617 5th St NW · Center Point, AL 35215

$135,000

3 bd · 2.0 ba · 1,425 sqft · SingleFamily public records · 85 Days on market

Built 1960 0.29 ac lot $95/sqft · 6% below area Est $148k · 9% 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 +22.4/30.0
• ARV discount +11.6/15.0
• DSCR +7.2/10.0
• 1% rule +4.9/10.0
• 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

GREAT STARTER HOME FOR FIRST TIME HOME BUYER LOOKING FOR A GOOD DEAL! GREAT INVESTMENT PROPERTY PROPERTY TO BE SOLD "AS IS" ALL REASONABLE OFFERS WILL BE CONSIDERED

Key facts

• 0.29 acre lot
• Garage
• Built 1960

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $224 ($3k/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 $133k (1.4% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 85 days — a 6% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $75k; list at $135k implies a 80% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $126,900 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 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 1960 — 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: 0.99% ✗
• Cap rate: 8.29%
• Cash-on-cash: 7.12%
• DSCR: 1.32
• GRM: 8.4

CMA / ARV

• ARV (median comp): $148,381
• List price: $135,000
• Delta: -9.02%
• 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
1605 NW 5th Way	0.16mi	4/2.0 (+1)	1,450 (+2%)	5mo	$175,000	$121	80
512 15th Ave NW	0.32mi	3/1.5	1,447 (+2%)	2mo	$140,000	$97	79
348 17th Ave NW	0.30mi	4/2.0 (+1)	1,456 (+2%)	4mo	$175,000	$120	74
1409 4th Pl NW	0.43mi	3/2.0	1,363 (-4%)	2mo	$192,000	$141	71
512 16th Ter NW	0.15mi	3/2.0	1,225 (-14%)	1mo	$183,000	$149	69
628 16th Ct NW	0.39mi	3/2.0	1,323 (-7%)	5mo	$165,000	$125	66
1401 4th Way NW	0.46mi	4/2.5 (+1)	1,380 (-3%)	4mo	$147,000	$107	64
1332 4th Way NW	0.51mi	3/2.5	1,538 (+8%)	5mo	$109,900	$71	56
1360 5th Pl NW	0.45mi	3/1.0	1,220 (-14%)	1mo	$92,500	$76	50
432 13th Ave NW	0.64mi	4/1.0 (+1)	1,346 (-6%)	4mo	$35,100	$26	48
316 20th Ave NW	0.68mi	3/1.0	1,540 (+8%)	3mo	$164,900	$107	48
417 Burgundy Rd	0.73mi	3/1.5	1,588 (+11%)	1mo	$153,000	$96	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: -5.4%
• Equity multiple: 0.80×
• Total profit: $-7,578
• Equity at exit: $20,129

10-year hold

• IRR: 4.3%
• Equity multiple: 1.31×
• Total profit: $11,838
• Equity at exit: $11,672

Cash invested: $37,800 (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 35215

• Home prices YoY: -34.4%
• Rents YoY: 3.0%
• Active inventory: 334
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,331 high
• Mortgage (P&I): −$708
• Tax from tax record: −$63 /mo · $759/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $224

Break-even live

Break-even rent $1,047

Max offer price $135,000

Occupancy floor 78%

Sensitivity live

Price	-10% $301	-5% $263	+0% $224	+5% $186	+10% $148
Rent	-10% $119	-5% $172	+0% $224	+5% $277	+10% $330
Rate	-1.0pp $292	-0.5pp $259	base $224	+0.5pp $189	+1.0pp $154

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
434 15th Ter NW Center Point, AL	3.0	2.0	1053	$1,200	$1.14	44d	1	0.14mi
428 15th Ter NW Center Point, AL	3.0	2.0	1528	$1,795	$1.17	3d	1	0.16mi
1612 Glenwood St NW Center Point, AL	4.0	3.0	1344	$1,480	$1.10	24d	1	0.16mi
1617 3rd Pl NW Center Point, AL	3.0	2.0	1404	$1,150	$0.82	24d	1	0.23mi
1700 4th Pl NW Center Point, AL	3.0	1.0	914	$1,075	$1.18	24d	1	0.24mi
1712 4th Pl NW Center Point, AL	3.0	1.0	1182	$1,150	$0.97	24d	1	0.25mi
500 15th Ave NW Center Point, AL	3.0	1.0	1079	$1,050	$0.97	3d	1	0.29mi
1732 6th St NW Center Point, AL	3.0	1.5	1300	$1,250	$0.96	3d	1	0.37mi
1736 6th St NW Center Point, AL	4.0	2.0	1830	$1,550	$0.85	44d	1	0.38mi
405 18th Ave NW Center Point, AL	3.0	2.0	1162	$1,299	$1.12	44d	1	0.39mi
621 15th Ave NW Birmingham, AL	4.0	2.0	1070	$1,200	$1.12	16d	1	0.44mi
1356 5th Pl NW Center Point, AL	3.0	1.0	1064	$1,105	$1.04	44d	1	0.45mi
1333 5th Pl NW Center Point, AL	3.0	2.0	1056	$1,275	$1.21	44d	1	0.51mi
1628 1st St NW Center Point, AL	3.0	1.0	1124	$1,150	$1.02	44d	1	0.54mi
1328 5th Pl NW Center Point, AL	3.0	1.0	1250	$1,050	$0.84	16d	1	0.54mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	44d	1	0.54mi
324 13th Ter NW Center Point, AL	3.0	1.5	1418	$1,295	$0.91	24d	1	0.54mi
1629 1st St NW Center Point, AL	3.0	1.0	900	$1,025	$1.14	24d	1	0.57mi
1305 5th Pl NW Center Point, AL	3.0	2.0	1092	$1,200	$1.10	44d	1	0.60mi
405 13th Ct NW Center Point, AL	4.0	1.5	1248	$1,415	$1.13	22d	1	0.61mi
1827 Carson Rd Unit 7 Birmingham, AL	3.0	2.5	1332	$950	$0.71	24d	1	0.61mi
1827 Carson Rd Unit 1 Birmingham, AL	3.0	2.5	1332	$1,125	$0.84	44d	1	0.61mi
400 13th Ave NW Birmingham, AL	2.0	1.0	1100	$890	$0.81	44d	1	0.61mi
1301 5th Pl NW Center Point, AL	3.0	1.0	1170	$1,100	$0.94	4d	1	0.62mi
1232 Oakwood St Birmingham, AL	3.0	1.5	1301	$1,223	$0.94	24d	1	0.68mi
1237 Linwood St Birmingham, AL	3.0	1.5	1066	$995	$0.93	44d	1	0.68mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	44d	1	0.70mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	12d	1	0.70mi
457 Tupelo Way Center Point, AL	3.0	1.0	1658	$995	$0.60	22d	1	0.70mi
108 13th Ave NW Center Point, AL	4.0	2.0	1444	$1,265	$0.88	24d	1	0.71mi
1225 Birchwood St Birmingham, AL	3.0	2.0	1092	$1,175	$1.08	4d	1	0.71mi
1628 1st St NE Center Point, AL	3.0	1.0	1027	$1,165	$1.13	44d	1	0.72mi
1541 Charter East Cir NE Birmingham, AL	1.0–2.0	1.0–1.5	807	$1,095	$1.36	2d	8	0.73mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	44d	1	0.76mi
617 Carson Crest Cir Birmingham, AL	4.0	2.0	1528	$1,723	$1.13	16d	1	0.77mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	3d	4	0.78mi
769 15th Ct NW Birmingham, AL	3.0	1.5	1130	$1,310	$1.16	12d	1	0.78mi
1153 Linwood St Birmingham, AL	3.0	2.0	1250	$1,295	$1.04	3d	1	0.82mi
1259 Huffman Rd Center Point, AL	3.0	2.0	1662	$1,556	$0.94	44d	1	0.91mi
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	44d	1	0.92mi

Listing history 18 events

1. 2026-06-18
   days on market $135,000 Active 85 DOM
2. 2026-06-17
   days on market $135,000 Active 84 DOM
3. 2026-06-16
   days on market $135,000 Active 83 DOM
4. 2026-06-15
   days on market $135,000 Active 82 DOM
5. 2026-06-13
   days on market $135,000 Active 80 DOM
6. 2026-06-10
   days on market $135,000 Active 77 DOM
7. 2026-06-09
   days on market $135,000 Active 76 DOM
8. 2026-06-08
   days on market $135,000 Active 75 DOM
9. 2026-06-07
   days on market $135,000 Active 74 DOM
10. 2026-06-03
    days on market $135,000 Active 70 DOM
11. 2026-06-02
    days on market $135,000 Active 69 DOM
12. 2026-06-01
    days on market $135,000 Active 68 DOM
13. 2026-05-31
    days on market $135,000 Active 67 DOM
14. 2026-03-25
    listed $135,000 Active 180-char remark

    Show marketing remark (180 chars)

    GREAT STARTER HOME FOR FIRST TIME HOME BUYER LOOKING FOR A GOOD DEAL! GREAT INVESTMENT PROPERTY PROPERTY TO BE SOLD "AS IS" ALL REASONABLE OFFERS WILL BE CONSIDERED

15. 2026-03-21
    historical $135,000 180-char remark

    Show marketing remark (180 chars)

    GREAT STARTER HOME FOR FIRST TIME HOME BUYER LOOKING FOR A GOOD DEAL! GREAT INVESTMENT PROPERTY PROPERTY TO BE SOLD "AS IS" ALL REASONABLE OFFERS WILL BE CONSIDERED

16. 2000-10-13
    soldstatus $75,000
17. 1990-10-01
    soldstatus $51,000
18. 1990-04-01
    soldstatus $51,000

ⓘ 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: $759 · $63/mo
• Projected year-2 tax: $759 · $63/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: $15,977
• − Mortgage interest: −$7,562
• − Property taxes: −$759
• − Insurance: −$675
• − Repairs & maintenance: −$1,278
• − Management: −$1,278
• − Depreciation: −$3,927
• Taxable income: $497
• Est. tax owed @ 24.0%: −$119
• After-tax cash flow: $2,573/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

+164.7% since first listed

5 events — show timeline

• 2026-03-25 Listed $135,000 Greater Alabama MLS
• 2026-03-21 Coming Soon $135,000 Greater Alabama MLS
• 2000-10-13 Sold (Public Records) $75,000 Public Records
• 1990-10-01 Sold (Public Records) $51,000 Public Records
• 1990-04-01 Sold (Public Records) $51,000 Public Records

Property tax history

+5.8%/yr

Latest (2025): $759 · +7.5% YoY. Source: county tax records.