1937 Springlake Ct · Center Point, AL 35215

$94,900

2 bd · 1.5 ba · 1,188 sqft · Townhouse public records · 53 Days on market

Built 1984 1,742 sqft lot $80/sqft · at area comps Est $93k · at est.

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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 +28.8/30.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• ARV discount +6.5/15.0
• 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

Affordable and full of potential, this two-bedroom, one-and-a-half-bath townhome is a great investment opportunity or ideal starter home. The main level offers a functional layout with a cozy living area, efficient kitchen, and full laundry room. Upstairs features two comfortable bedrooms and a full bath. Enjoy a nice-sized backyard with space to relax or entertain. Conveniently located with easy access to nearby amenities, this home combines value and versatility. Don’t miss this great investment opportunity!

Key facts

• Nice-sized backyard
• Cozy living area
• Efficient kitchen

Tags

• FUNCTIONAL LAYOUT
• COZY LIVING AREA
• EFFICIENT KITCHEN
• FULL LAUNDRY ROOM
• NICE-SIZED BACKYARD

Property features AI

Finance

• Financial info: Down payment assistance available

Exterior

• Parking: Unassigned parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service available
• Home design: Existing single-family property; Slab foundation; Siding (Hardiplank) and stone exterior
• Construction: Siding-Hardiplank and stone construction
• Exterior features: Front porch

Interior

• Kitchen: Laminate countertops; Dishwasher (built-in); Electric oven; Refrigerator; Some stainless appliances; Gas stove
• Bedrooms: Two bedrooms (both on upper level)
• Flooring: Carpet; Hardwood
• Bathrooms: One full bath (upper level); One half bath (main level); Shared bath with tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: One gas fireplace with stone surround in the living room; Ceilings noted as 'Other' (see remarks); No additional interior built-in features listed
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup; Floor drain in laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath townhouse listed at $95k.

Deal economics

• At list price, monthly cash flow is $320 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 7.3% in Center Point — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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: Chalkville Elementary School (math 6% / reading 16%, grade F, #560 of 627 statewide, top 90%, 854 students, 79% FRL); Claychalkville High School (math 6% / reading 9%, grade F, #261 of 305 statewide, top 87%, 1,361 students, 56% FRL) — zoned schools average 67% FRL vs 49% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.0%/yr); 334 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $656 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $53k; list at $95k implies a 79% 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 $92,053 (3.0% below list)

Questions for the listing agent

1. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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 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?
5. 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.
6. 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.
7. 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: 1.26% ✓
• Cap rate: 10.34%
• Cash-on-cash: 14.45%
• DSCR: 1.64
• GRM: 6.6

CMA / ARV

• ARV (median comp): $92,933
• List price: $94,900
• Delta: 2.12%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1935 Springlake Ct	0.00mi	2/1.5	1,152 (-3%)	3mo	$106,000	$92	93
794 Mary Vann Ln	0.08mi	2/1.5	1,166 (-2%)	18mo	$78,000	$67	78
1904 Springlake Ct	0.06mi	3/1.5 (+1)	1,152 (-3%)	19mo	$71,000	$62	71
1842 Oakleaf Ln	0.25mi	2/1.5	1,258 (+6%)	18mo	$145,900	$116	64
1813 Stonehenge Dr	0.34mi	2/1.5	1,146 (-4%)	19mo	$125,000	$109	63
1838 Stonehenge Dr	0.29mi	2/1.5	1,258 (+6%)	22mo	$135,000	$107	59
1959 Spring Lake Ct	0.04mi	3/2.0 (+1)	1,080 (-9%)	22mo	$95,000	$88	58

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: 4.9%
• Equity multiple: 1.19×
• Total profit: $5,054
• Equity at exit: $14,150

10-year hold

• IRR: 14.4%
• Equity multiple: 2.16×
• Total profit: $30,849
• Equity at exit: $8,205

Cash invested: $26,572 (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: 6.6×

Monthly cashflow live

• Estimated rent: $1,199 high
• Mortgage (P&I): −$498
• Tax from tax record: −$90 /mo · $1,084/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $320

Break-even live

Break-even rent $794

Max offer price $94,900

Occupancy floor 68%

Sensitivity live

Price	-10% $374	-5% $347	+0% $320	+5% $293	+10% $266
Rent	-10% $225	-5% $273	+0% $320	+5% $367	+10% $415
Rate	-1.0pp $368	-0.5pp $344	base $320	+0.5pp $295	+1.0pp $270

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	44d	1	0.01mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	15d	1	0.25mi
856 Parkbrook Trl Birmingham, AL	1.0–3.0	1.0–2.0	925	$978	$1.06	3d	10	0.36mi
509 20th Ave NE Center Point, AL	3.0	1.5	1008	$1,200	$1.19	24d	1	0.47mi
1814 Valley Run Cir Birmingham, AL	3.0	1.0	1025	$1,350	$1.32	44d	1	0.50mi
1830 Christian St Birmingham, AL	3.0	2.0	1468	$1,375	$0.94	4d	1	0.61mi
2109 Whetstone Ct Center Point, AL	2.0	1.5	800	$675	$0.84	4d	1	0.78mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	44d	1	0.80mi
401 22nd Ave NE Center Point, AL	2.0	1.5	850	$745	$0.88	17d	1	0.80mi
2025 Brewster Rd Birmingham, AL	3.0	2.0	1369	$1,450	$1.06	24d	1	0.88mi
2415 Ormond Dr Center Point, AL	3.0	1.5	1194	$1,295	$1.08	44d	1	0.96mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	4d	1	0.99mi
341 Argonne Dr NE Center Point, AL	3.0	1.0	1040	$1,300	$1.25	4d	1	1.00mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	24d	1	1.01mi
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	44d	1	1.05mi
2245 3rd St NE Center Point, AL	3.0	1.0	1150	$1,100	$0.96	24d	1	1.07mi
123 21st Ave NE Center Point, AL	2.0	1.0	850	$800	$0.94	44d	1	1.08mi
124 21st Ave NE Unit 202 Center Point, AL	2.0	1.0	830	$750	$0.90	17d	1	1.08mi
1729 Tall Oak Cir Birmingham, AL	3.0	2.0	1403	$1,630	$1.16	2d	1	1.08mi
213 Meadwood Dr NE Center Point, AL	3.0	1.0	1194	$995	$0.83	44d	1	1.09mi
1753 Tall Oak Cir Birmingham, AL	3.0	2.0	1380	$1,225	$0.89	4d	1	1.12mi
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	24d	1	1.21mi
1360 Orlando Cir NE Birmingham, AL	3.0	2.0	1489	$1,455	$0.98	24d	1	1.22mi
241 Lake Drive Cir NE Birmingham, AL	2.0	1.0	1358	$1,025	$0.75	3d	1	1.23mi
239 Lake Drive Cir NE Birmingham, AL	3.0	1.0	1159	$1,125	$0.97	4d	1	1.25mi
1628 1st St NE Center Point, AL	3.0	1.0	1027	$1,165	$1.13	44d	1	1.27mi
1340 Orlando Cir NE Birmingham, AL	3.0	2.0	1329	$1,166	$0.88	24d	1	1.27mi
1440 Hickory Ln Birmingham, AL	3.0	2.0	1448	$1,625	$1.12	2d	1	1.28mi
1421 Brewster Cir Birmingham, AL	3.0	2.0	1439	$1,525	$1.06	2d	1	1.30mi
2708 7th St NE Center Point, AL	3.0	1.0	1451	$1,150	$0.79	44d	1	1.31mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	4d	4	1.37mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	12d	1	1.39mi
1541 Charter East Cir NE Birmingham, AL	1.0–2.0	1.0–1.5	807	$1,095	$1.36	3d	8	1.40mi
1629 1st St NW Center Point, AL	3.0	1.0	900	$1,025	$1.14	24d	1	1.40mi
1628 1st St NW Center Point, AL	3.0	1.0	1124	$1,150	$1.02	44d	1	1.43mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	44d	1	1.45mi
224 13th Ave NE Birmingham, AL	3.0	1.5	1213	$1,273	$1.05	22d	1	1.45mi
2537 3rd St NE Center Point, AL	3.0	2.0	1040	$1,350	$1.30	24d	1	1.46mi

Listing history 18 events

1. 2026-06-18
   days on market $94,900 Active 53 DOM
2. 2026-06-17
   days on market $94,900 Active 52 DOM
3. 2026-06-16
   days on market $94,900 Active 51 DOM
4. 2026-06-15
   days on market $94,900 Active 50 DOM
5. 2026-06-13
   days on market $94,900 Active 48 DOM
6. 2026-06-10
   days on market $94,900 Active 45 DOM
7. 2026-06-09
   days on market $94,900 Active 44 DOM
8. 2026-06-08
   days on market $94,900 Active 43 DOM
9. 2026-06-07
   days on market $94,900 Active 42 DOM
10. 2026-06-03
    days on market $94,900 Active 38 DOM
11. 2026-06-02
    days on market $94,900 Active 37 DOM
12. 2026-06-01
    days on market $94,900 Active 36 DOM
13. 2026-05-31
    days on market $94,900 Active 35 DOM
14. 2026-04-26
    listed $94,900 Active 521-char remark
15. 2025-11-08
    price $94,999
16. 2004-09-23
    soldstatus $53,000
17. 2004-09-23
    soldstatus $53,000
18. 1984-10-12
    soldstatus $46,900

ⓘ 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: $1,084 · $90/mo
• Projected year-2 tax: $1,084 · $90/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 ≥105°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: $14,394
• − Mortgage interest: −$5,316
• − Property taxes: −$1,084
• − Insurance: −$474
• − Repairs & maintenance: −$1,152
• − Management: −$1,152
• − Depreciation: −$2,761
• Taxable income: $2,455
• Est. tax owed @ 24.0%: −$589
• After-tax cash flow: $3,251/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

• 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

+102.3% since first listed

5 events — show timeline

• 2026-04-26 Listed $94,900 Greater Alabama MLS
• 2025-11-08 Price Changed $94,999 Greater Alabama MLS
• 2004-09-23 Sold (Public Records) $53,000 Public Records
• 2004-09-23 Sold (Public Records) $53,000 Public Records
• 1984-10-12 Sold (Public Records) $46,900 Public Records

Property tax history

+5.1%/yr

Latest (2025): $1,084 · +6.9% YoY. Source: county tax records.