2645 6th St NE · Center Point, AL 35215

$132,500

3 bd · 2.0 ba · 1,540 sqft · SingleFamily public records · 29 Days on market

Built 1970 0.35 ac lot Est $180k · 26% 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 +25.2/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• 1% rule +6.0/10.0
• 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

Move-in ready home! Split Level, Beautiful lot and large, 3 large bedrooms and 2 full baths, Large Den, Large Kitchen that looks over deck and Flat backyard. This is a great location

Key facts

• Large den
• Flat backyard
• Great location

Tags

• SPLIT LEVEL
• LARGE DEN
• LARGE KITCHEN
• FLAT BACKYARD
• GREAT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $132k.

Deal economics

• At list price, monthly cash flow is $242 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $132k).
• Recommended offer: $131k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.0% 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, 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: Erwin Intermediate School (math 3% / reading 14%, grade F, #596 of 627 statewide, top 95%, 502 students, 92% FRL); Center Point High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 774 students, 91% FRL) — zoned schools average 91% FRL vs 49% district-wide (43 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 6% at this address vs 20% district-wide (-15 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); 334 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 33% 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 $916 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 29 days — a 2% lower offer ($131k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo.
• Climate carrying-cost: severe flood risk; 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 $130,512 (1.5% below list)

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.10% ✓
• Cap rate: 8.99%
• Cash-on-cash: 9.62%
• DSCR: 1.43
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $180,180
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2532 5th St NE	0.26mi	3/2.0	1,560 (+1%)	3mo	$190,000	$122	83
2649 6th St	0.01mi	3/2.5	1,666 (+8%)	6mo	$195,000	$117	79
4558 Cantebury Ln	0.32mi	3/2.0	1,470 (-4%)	4mo	$244,900	$167	74
317 26th Ave NE	0.30mi	3/1.5	1,500 (-3%)	7mo	$158,500	$106	74
3105 3rd St NE	0.40mi	3/2.0	1,593 (+3%)	5mo	$169,500	$106	72
717 Country View Ter	0.33mi	3/2.0	1,644 (+7%)	5mo	$199,500	$121	69
700 Gable Dr	0.59mi	3/2.0	1,596 (+4%)	2mo	$245,000	$154	65
2903 Creek Ln NE	0.42mi	4/2.0 (+1)	1,420 (-8%)	4mo	$155,000	$109	59
3009 Wood Cir	0.28mi	3/2.5	1,734 (+13%)	7mo	$195,000	$112	58
613 25th Ave NE	0.45mi	3/2.0	1,400 (-9%)	8mo	$93,000	$66	58
2529 5th St	0.28mi	4/2.0 (+1)	1,766 (+15%)	4mo	$215,000	$122	54
2316 3rd Way NE	0.73mi	3/2.0	1,665 (+8%)	5mo	$182,000	$109	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: -4.3%
• Equity multiple: 0.84×
• Total profit: $-5,983
• Equity at exit: $19,756

10-year hold

• IRR: 5.4%
• Equity multiple: 1.40×
• Total profit: $14,940
• Equity at exit: $11,456

Cash invested: $37,100 (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: 7.6×

Monthly cashflow live

• Estimated rent: $1,452 high
• Mortgage (P&I): −$695
• Tax from tax record: −$99 /mo · $1,192/yr
• Insurance: −$55
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $242

Break-even live

Break-even rent $1,146

Max offer price $132,500

Occupancy floor 78%

Sensitivity live

Price	-10% $317	-5% $280	+0% $242	+5% $205	+10% $167
Rent	-10% $127	-5% $185	+0% $242	+5% $299	+10% $357
Rate	-1.0pp $309	-0.5pp $276	base $242	+0.5pp $208	+1.0pp $173

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: $33,125
• Closing costs: $3,975
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2655 6th St NE Center Point, AL	3.0	2.0	1600	$1,390	$0.87	4d	1	0.08mi
605 Country View Dr Birmingham, AL	3.0	2.0	1698	$1,560	$0.92	44d	1	0.09mi
607 Country View Dr Birmingham, AL	4.0	2.0	1568	$1,550	$0.99	24d	1	0.10mi
2708 7th St NE Center Point, AL	3.0	1.0	1451	$1,150	$0.79	44d	1	0.16mi
2629 Wood Dr NE Center Point, AL	3.0	1.0	1203	$1,250	$1.04	44d	1	0.43mi
3309 Chase Ln Unit 3309 Birmingham, AL	2.0	2.0	1068	$1,000	$0.94	44d	1	0.52mi
3073 Panorama E Birmingham, AL	1.0–3.0	1.0–2.0	975	$1,275	$1.31	2d	20	0.67mi
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	24d	1	0.69mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	4d	1	0.71mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	44d	1	0.77mi
127 Fox Hill Ct Center Point, AL	3.0	2.0	1418	$1,545	$1.09	44d	1	0.79mi
2415 Ormond Dr Center Point, AL	3.0	1.5	1194	$1,295	$1.08	44d	1	0.82mi
1104 Oak Creek Trl NE Birmingham, AL	3.0	2.0	1233	$1,543	$1.25	3d	1	0.82mi
4464 Winchester Hills Way Birmingham, AL	3.0	2.0	1178	$1,750	$1.49	44d	1	0.82mi
4464 Winchester Hills Ln Pinson, AL	3.0	2.0	1500	$1,750	$1.17	12d	1	0.83mi
2232 6th St NE Center Point, AL	3.0	1.0	1550	$1,150	$0.74	44d	1	0.83mi
2245 3rd St NE Center Point, AL	3.0	1.0	1150	$1,100	$0.96	24d	1	0.84mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	24d	1	0.92mi
5010 Darlene Dr Pinson, AL	3.0	2.0	1914	$1,550	$0.81	24d	1	0.98mi
340 40th Ave NE Center Point, AL	3.0	2.0	2007	$1,650	$0.82	17d	1	1.00mi
413 20th Ct NE Center Point, AL	3.0	1.5	1540	$1,375	$0.89	44d	1	1.04mi
600 20th Ct NE Center Point, AL	3.0	2.0	1878	$1,650	$0.88	24d	1	1.06mi
202 Westchester Dr Birmingham, AL	4.0	2.0	1374	$1,300	$0.95	24d	1	1.07mi
5240 Jean Dr Pinson, AL	4.0	2.0	1714	$1,695	$0.99	44d	1	1.10mi
856 Parkbrook Trl Birmingham, AL	1.0–3.0	1.0–2.0	925	$1,180	$1.28	3d	10	1.11mi
149 Martin Dr Birmingham, AL	3.0	2.0	1164	$1,485	$1.28	24d	1	1.16mi
5140 Hickory Dr NE Pinson, AL	3.0	1.5	1518	$1,465	$0.97	22d	1	1.16mi
408 Sunhill Rd NW Center Point, AL	3.0	1.5	1290	$1,355	$1.05	44d	1	1.28mi
3005 Sweeney Hollow Pl Birmingham, AL	3.0	2.0	2014	$1,325	$0.66	15d	1	1.32mi
3814 Mars Ave Center Point, AL	4.0	2.0	2063	$1,890	$0.92	44d	1	1.34mi
2245 3rd St NW Center Point, AL	3.0	1.0	1156	$1,100	$0.95	24d	1	1.34mi
3104 Cobblestone Dr Birmingham, AL	3.0	1.5	1533	$1,516	$0.99	4d	1	1.35mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	44d	1	1.40mi
2416 4th St NW Center Point, AL	4.0	2.0	1400	$1,500	$1.07	24d	1	1.41mi
2412 4th St NW Center Point, AL	3.0	1.0	1224	$1,150	$0.94	17d	1	1.42mi
5992 Princess Blvd Birmingham, AL	3.0	2.0	1454	$1,661	$1.14	44d	1	1.42mi
4246 Centerwood Dr Birmingham, AL	3.0	2.0	1336	$1,450	$1.09	17d	1	1.43mi
2613 5th St NW Center Point, AL	3.0	1.0	1170	$1,150	$0.98	12d	1	1.45mi
212 Saint John Dr NW Birmingham, AL	2.0	2.0	1445	$1,423	$0.98	15d	1	1.45mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	44d	1	1.47mi

Listing history 7 events

1. 2026-03-17
   soldstatus $120,000
2. 2026-02-17
   status Pending
3. 2026-01-19
   listed $132,500 Active
4. 2007-05-24
   soldstatus $92,800
5. 2004-03-10
   soldstatus $75,093
6. 1996-12-09
   soldstatus $74,000
7. 1989-02-17
   soldstatus $51,900

ⓘ 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: $1,192 · $99/mo
• Projected year-2 tax: $1,192 · $99/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 9/10 Extreme FEMA zone X (unshaded) · 99% 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 6 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,422
• − Mortgage interest: −$7,422
• − Property taxes: −$1,192
• − Insurance: −$1,329
• − Repairs & maintenance: −$1,394
• − Management: −$1,394
• − Depreciation: −$3,855
• Taxable income: $837
• Est. tax owed @ 24.0%: −$201
• After-tax cash flow: $2,703/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

+131.2% since first listed

7 events — show timeline

• 2026-03-17 Sold (Public Records) $120,000 Public Records
• 2026-02-17 Pending — Greater Alabama MLS
• 2026-01-19 Listed $132,500 Greater Alabama MLS
• 2007-05-24 Sold (Public Records) $92,800 Public Records
• 2004-03-10 Sold (Public Records) $75,093 Public Records
• 1996-12-09 Sold (Public Records) $74,000 Public Records
• 1989-02-17 Sold (Public Records) $51,900 Public Records

Property tax history

+2.2%/yr

Latest (2025): $1,192 · +0.0% YoY. Source: county tax records.