2232 5th St NE · Center Point, AL 35215

$119,000

3 bd · 1.0 ba · 1,050 sqft · SingleFamily public records · 190 Days on market

Built 1957 0.49 ac lot $113/sqft · 24% below area Est $157k · 24% under

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Why this score? — see what drove the B- 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 +25.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +5.7/10.0
• 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 home is perfect for someone looking to downsize or an investor ready for their next opportunity. This 3-bedroom, 1-bathroom home offers a spacious living room, dining room, generous bedrooms, sizable kitchen, covered deck, and a large backyard. Whether you’re simplifying life or looking to expand your investment portfolio this home has the space, updates, and location to make it a win.

Key facts

• Sizable kitchen
• Covered deck
• Large backyard

Tags

• SPACIOUS LIVING ROOM
• SIZABLE KITCHEN
• COVERED DECK
• LARGE BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $119k.

Deal economics

• At list price, monthly cash flow is $292 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $105k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 7.3% in Center Point — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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); 45% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 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 190 days — a 12% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y 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 $72k; list at $119k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $104,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 190 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — 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: 1.07% ✓
• Cap rate: 9.24%
• Cash-on-cash: 10.53%
• DSCR: 1.47
• GRM: 7.8

CMA / ARV

• ARV (median comp): $156,525
• List price: $119,000
• Delta: -23.97%
• 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
509 20th Ave NE	0.34mi	3/1.5	1,008 (-4%)	7mo	$95,000	$94	69
601 23rd Ave NE	0.26mi	3/1.0	1,186 (+13%)	1mo	$79,500	$67	66
405 20th Ct NE	0.27mi	3/1.5	1,112 (+6%)	13mo	$102,615	$92	65
2245 3rd St NE	0.40mi	3/1.0	1,150 (+10%)	5mo	$88,000	$77	62
2232 7th St NE	0.18mi	3/1.0	1,199 (+14%)	15mo	$133,900	$112	55
2352 3rd Way NE	0.45mi	3/1.5	1,167 (+11%)	4mo	$103,000	$88	55
408 Woodland Ct NE	0.15mi	3/2.0	1,193 (+14%)	14mo	$108,000	$91	55
2537 3rd St NE	0.71mi	3/1.0	1,040 (-1%)	13mo	$85,000	$82	54
2261 4th Place Cir	0.10mi	3/2.0	1,200 (+14%)	18mo	$122,000	$102	53
404 Woodland Ct NE	0.16mi	3/2.0	1,200 (+14%)	16mo	$210,000	$175	52
2617 NE 6th St	0.71mi	3/2.0	1,172 (+12%)	3mo	$180,000	$154	41
2701 8th St NE	0.66mi	3/1.0	1,170 (+11%)	18mo	$100,000	$85	36

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: -0.5%
• Equity multiple: 0.98×
• Total profit: $-652
• Equity at exit: $17,743

10-year hold

• IRR: 9.2%
• Equity multiple: 1.70×
• Total profit: $23,436
• Equity at exit: $10,289

Cash invested: $33,320 (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: 7.8×

Monthly cashflow live

• Estimated rent: $1,273 high
• Mortgage (P&I): −$624
• Tax from tax record: −$40 /mo · $478/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $292

Break-even live

Break-even rent $903

Max offer price $119,000

Occupancy floor 72%

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	43d	1	0.06mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	2d	1	0.25mi
401 22nd Ave NE Center Point, AL	2.0	1.5	850	$745	$0.88	15d	1	0.33mi
2109 Whetstone Ct Center Point, AL	2.0	1.5	800	$675	$0.84	2d	1	0.33mi
509 20th Ave NE Center Point, AL	3.0	1.5	1008	$1,200	$1.19	23d	1	0.36mi
2245 3rd St NE Center Point, AL	3.0	1.0	1150	$1,100	$0.96	23d	1	0.41mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	23d	1	0.41mi
856 Parkbrook Trl Birmingham, AL	1.0–3.0	1.0–2.0	925	$1,180	$1.28	1d	10	0.44mi
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	23d	1	0.47mi
2708 7th St NE Center Point, AL	3.0	1.0	1451	$1,150	$0.79	43d	1	0.62mi
124 21st Ave NE Unit 202 Center Point, AL	2.0	1.0	830	$750	$0.90	15d	1	0.65mi
123 21st Ave NE Center Point, AL	2.0	1.0	850	$800	$0.94	43d	1	0.68mi
2537 3rd St NE Center Point, AL	3.0	2.0	1040	$1,350	$1.30	23d	1	0.69mi
2415 Ormond Dr Center Point, AL	3.0	1.5	1194	$1,295	$1.08	43d	1	0.71mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	43d	1	0.77mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	14d	1	0.80mi
2629 Wood Dr NE Center Point, AL	3.0	1.0	1203	$1,250	$1.04	43d	1	0.81mi
2318 Raintree Ct Center Point, AL	2.0	1.0	975	$1,100	$1.13	2d	2	0.89mi
109 24th Ave NW Center Point, AL	3.0	1.5	1023	$1,215	$1.19	43d	1	0.92mi
1814 Valley Run Cir Birmingham, AL	3.0	1.0	1025	$1,350	$1.32	43d	1	1.00mi
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	43d	1	1.03mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	2d	4	1.05mi
127 Fox Hill Ct Center Point, AL	3.0	2.0	1418	$1,545	$1.09	43d	1	1.09mi
1817 Lyle Dr Birmingham, AL	4.0	2.0	1361	$1,605	$1.18	23d	1	1.10mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	11d	1	1.12mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	43d	1	1.14mi
3309 Chase Ln Unit 3309 Birmingham, AL	2.0	2.0	1068	$1,000	$0.94	43d	1	1.17mi
2245 3rd St NW Center Point, AL	3.0	1.0	1156	$1,100	$0.95	23d	1	1.18mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	43d	1	1.25mi
2025 Brewster Rd Birmingham, AL	3.0	2.0	1369	$1,450	$1.06	23d	1	1.26mi
1628 1st St NE Center Point, AL	3.0	1.0	1027	$1,165	$1.13	43d	1	1.28mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	43d	1	1.29mi
1830 Christian St Birmingham, AL	3.0	2.0	1468	$1,375	$0.94	2d	1	1.32mi
1629 1st St NW Center Point, AL	3.0	1.0	900	$1,025	$1.14	23d	1	1.32mi
341 Argonne Dr NE Center Point, AL	3.0	1.0	1040	$1,300	$1.25	2d	1	1.33mi
213 Meadwood Dr NE Center Point, AL	3.0	1.0	1194	$995	$0.83	43d	1	1.34mi
3073 Panorama E Birmingham, AL	1.0–3.0	1.0–2.0	975	$1,275	$1.31	1d	20	1.34mi
1628 1st St NW Center Point, AL	3.0	1.0	1124	$1,150	$1.02	43d	1	1.34mi
2323 4th St NW Center Point, AL	3.0	1.0	1038	$1,305	$1.26	2d	1	1.35mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	43d	1	1.38mi

Listing history 15 events

1. 2026-06-03
   days on market $119,000 Active 190 DOM
2. 2026-06-02
   days on market $119,000 Active 189 DOM
3. 2026-06-01
   days on market $119,000 Active 188 DOM
4. 2026-05-31
   days on market $119,000 Active 187 DOM
5. 2025-11-25
   listed $119,000 Active 399-char remark

   Show marketing remark (399 chars)

   This home is perfect for someone looking to downsize or an investor ready for their next opportunity. This 3-bedroom, 1-bathroom home offers a spacious living room, dining room, generous bedrooms, sizable kitchen, covered deck, and a large backyard. Whether you’re simplifying life or looking to expand your investment portfolio this home has the space, updates, and location to make it a win.

6. 2018-10-31
   soldstatus $71,704
7. 2018-10-22
   soldstatus $71,500 Sold 220-char remark

   Show marketing remark (220 chars)

   This is a super nice home in a quiet neighborhood that is convenient to everything and near all major roads. The home is very clean and move in ready. If you are looking for a home with lots of character look no further.

8. 2018-08-24
   historical 220-char remark

   Show marketing remark (220 chars)

   This is a super nice home in a quiet neighborhood that is convenient to everything and near all major roads. The home is very clean and move in ready. If you are looking for a home with lots of character look no further.

9. 2018-08-09
   listed $73,500 Active 220-char remark

   Show marketing remark (220 chars)

   This is a super nice home in a quiet neighborhood that is convenient to everything and near all major roads. The home is very clean and move in ready. If you are looking for a home with lots of character look no further.

10. 2015-08-24
    soldstatus $35,500
11. 2015-07-27
    historical
12. 2015-07-03
    listed $38,000
13. 2011-06-30
    soldstatus $60,000
14. 2001-09-07
    soldstatus $71,000
15. 1995-03-27
    soldstatus $59,000

ⓘ 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: $478 · $40/mo
• Projected year-2 tax: $488 · $41/mo
• Expected delta: +$10/yr (+$1/mo · 2.0%)

ⓘ 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 ≥105°F today · 17 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: $15,280
• − Mortgage interest: −$6,666
• − Property taxes: −$478
• − Insurance: −$595
• − Repairs & maintenance: −$1,222
• − Management: −$1,222
• − Depreciation: −$3,462
• Taxable income: $1,635
• Est. tax owed @ 24.0%: −$392
• After-tax cash flow: $3,117/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

+101.7% since first listed

11 events — show timeline

• 2025-11-25 Listed $119,000 Greater Alabama MLS
• 2018-10-31 Sold (Public Records) $71,704 Public Records
• 2018-10-22 Sold (MLS) $71,500 Greater Alabama MLS
• 2018-08-24 Delisted — Greater Alabama MLS
• 2018-08-09 Listed $73,500 Greater Alabama MLS
• 2015-08-24 Sold (MLS) $35,500 Greater Alabama MLS
• 2015-07-27 Delisted — Greater Alabama MLS
• 2015-07-03 Listed $38,000 Greater Alabama MLS
• 2011-06-30 Sold (Public Records) $60,000 Public Records
• 2001-09-07 Sold (Public Records) $71,000 Public Records
• 1995-03-27 Sold (Public Records) $59,000 Public Records

Property tax history

+5.3%/yr

Latest (2025): $478 · +7.7% YoY. Source: county tax records.