505 17th Ter NW · Center Point, AL 35215

$108,000

3 bd · 1.0 ba · 884 sqft · SingleFamily public records · 79 Days on market

Built 1959 0.36 ac lot $122/sqft · 7% above area Est $101k · 7% over

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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 +24.4/30.0
• DSCR +7.9/10.0
• 1% rule +5.5/10.0
• ARV discount +4.4/15.0
• 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 MLS

Attn INVESTORS! Add to your portfolio. Tenant occupied home. Section 8 current monthly rental rate is $1195

Key facts

• 0.36 acre lot
• Built 1959
• Listed 79 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $108k.

Deal economics

• At list price, monthly cash flow is $220 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $108k).
• Recommended offer: $102k (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; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 47% 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 $747 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.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $85k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $101,520 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 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: 1.05% ✓
• Cap rate: 8.74%
• Cash-on-cash: 8.74%
• DSCR: 1.39
• GRM: 8.0

CMA / ARV

• ARV (median comp): $101,040
• List price: $108,000
• Delta: 6.89%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
501 18th Ave NW	0.06mi	3/1.0	872 (-1%)	9mo	$120,000	$138	88
337 Tupelo Rd	0.35mi	3/1.0	887 (+0%)	15mo	$65,000	$73	71
1656 4th Way NW	0.13mi	3/1.0	956 (+8%)	22mo	$80,000	$84	62
1817 5th Way NW	0.18mi	3/1.0	1,000 (+13%)	9mo	$94,500	$95	62
417 NW 18th Ct	0.22mi	2/1.0 (-1)	972 (+10%)	8mo	$100,000	$103	61
1925 2nd Pl NW	0.50mi	2/1.0 (-1)	912 (+3%)	11mo	$35,000	$38	57
1524 NW 2nd Pl	0.61mi	3/1.0	986 (+12%)	13mo	$150,000	$152	42
1361 5th Pl NW	0.69mi	3/1.0	989 (+12%)	12mo	$110,000	$111	37

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: -3.0%
• Equity multiple: 0.89×
• Total profit: $-3,450
• Equity at exit: $16,103

10-year hold

• IRR: 6.7%
• Equity multiple: 1.50×
• Total profit: $15,140
• Equity at exit: $9,338

Cash invested: $30,240 (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: 8.0×

Monthly cashflow live

• Estimated rent: $1,132 high
• Mortgage (P&I): −$566
• Tax from tax record: −$62 /mo · $747/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $220

Break-even live

Break-even rent $853

Max offer price $108,000

Occupancy floor 76%

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: $27,000
• Closing costs: $3,240
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1700 4th Pl NW Center Point, AL	3.0	1.0	914	$1,075	$1.18	23d	1	0.14mi
1801 Carson Rd Unit 2 Birmingham, AL	2.0	1.0	800	$600	$0.75	10d	1	0.35mi
1821 Carson Rd Unit 3 Birmingham, AL	2.0	1.5	800	$580	$0.72	21d	1	0.37mi
1821 Carson Rd Unit 2 Birmingham, AL	2.0	1.5	800	$765	$0.96	43d	1	0.37mi
434 15th Ter NW Center Point, AL	3.0	2.0	1053	$1,200	$1.14	43d	1	0.42mi
500 15th Ave NW Center Point, AL	3.0	1.0	1079	$1,050	$0.97	3d	1	0.54mi
1628 1st St NW Center Point, AL	3.0	1.0	1124	$1,150	$1.02	43d	1	0.60mi
1629 1st St NW Center Point, AL	3.0	1.0	900	$1,025	$1.14	23d	1	0.63mi
621 15th Ave NW Birmingham, AL	4.0	2.0	1070	$1,200	$1.12	16d	1	0.64mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	3d	4	0.66mi
1356 5th Pl NW Center Point, AL	3.0	1.0	1064	$1,105	$1.04	43d	1	0.71mi
1333 5th Pl NW Center Point, AL	3.0	2.0	1056	$1,275	$1.21	43d	1	0.78mi
1628 1st St NE Center Point, AL	3.0	1.0	1027	$1,165	$1.13	43d	1	0.80mi
1305 5th Pl NW Center Point, AL	3.0	2.0	1092	$1,200	$1.10	43d	1	0.87mi
400 13th Ave NW Birmingham, AL	2.0	1.0	1100	$890	$0.81	43d	1	0.89mi
1541 Charter East Cir NE Birmingham, AL	1.0–2.0	1.0–1.5	807	$1,095	$1.36	2d	8	0.90mi
2320 5th St NW Center Point, AL	3.0	1.0	1098	$1,150	$1.05	43d	1	0.94mi
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	43d	1	0.94mi
1237 Linwood St Birmingham, AL	3.0	1.5	1066	$995	$0.93	43d	1	0.96mi
1225 Birchwood St Birmingham, AL	3.0	2.0	1092	$1,175	$1.08	3d	1	0.99mi
2323 4th St NW Center Point, AL	3.0	1.0	1038	$1,305	$1.26	3d	1	0.99mi
123 21st Ave NE Center Point, AL	2.0	1.0	850	$800	$0.94	43d	1	1.03mi
124 21st Ave NE Unit 202 Center Point, AL	2.0	1.0	830	$750	$0.90	16d	1	1.06mi
2318 Raintree Ct Center Point, AL	2.0	1.0	975	$1,100	$1.13	2d	2	1.09mi
1208 Americana Dr Birmingham, AL	3.0	2.0	1104	$1,631	$1.48	11d	1	1.25mi
120 Shawnee Ln NW Birmingham, AL	3.0	1.0	1120	$1,075	$0.96	43d	1	1.26mi
109 24th Ave NW Center Point, AL	3.0	1.5	1023	$1,215	$1.19	43d	1	1.28mi
341 Argonne Dr NE Center Point, AL	3.0	1.0	1040	$1,300	$1.25	3d	1	1.31mi
401 22nd Ave NE Center Point, AL	2.0	1.5	850	$745	$0.88	16d	1	1.40mi
2109 Whetstone Ct Center Point, AL	2.0	1.5	800	$675	$0.84	3d	1	1.40mi

Listing history 20 events

1. 2026-06-18
   days on market $108,000 Active 79 DOM
2. 2026-06-17
   days on market $108,000 Active 78 DOM
3. 2026-06-16
   days on market $108,000 Active 77 DOM
4. 2026-06-15
   days on market $108,000 Active 76 DOM
5. 2026-06-13
   days on market $108,000 Active 74 DOM
6. 2026-06-10
   days on market $108,000 Active 71 DOM
7. 2026-06-09
   days on market $108,000 Active 70 DOM
8. 2026-06-08
   days on market $108,000 Active 69 DOM
9. 2026-06-07
   days on market $108,000 Active 68 DOM
10. 2026-06-03
    days on market $108,000 Active 64 DOM
11. 2026-06-02
    days on market $108,000 Active 63 DOM
12. 2026-06-01
    days on market $108,000 Active 62 DOM
13. 2026-05-31
    days on market $108,000 Active 61 DOM
14. 2026-05-18
    price $108,000 107-char remark

    Show marketing remark (107 chars)

    Attn INVESTORS! Add to your portfolio. Tenant occupied home. Section 8 current monthly rental rate is $1195

15. 2026-03-31
    listed $115,000 Active 107-char remark

    Show marketing remark (107 chars)

    Attn INVESTORS! Add to your portfolio. Tenant occupied home. Section 8 current monthly rental rate is $1195

16. 2020-02-05
    soldstatus $85,000
17. 2001-06-12
    soldstatus $63,000
18. 2001-06-12
    soldstatus $58,130
19. 1995-05-01
    soldstatus $46,350
20. 1980-03-26
    soldstatus $36,838

ⓘ 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: $747 · $62/mo
• Projected year-2 tax: $747 · $62/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 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,579
• − Mortgage interest: −$6,050
• − Property taxes: −$747
• − Insurance: −$540
• − Repairs & maintenance: −$1,086
• − Management: −$1,086
• − Depreciation: −$3,142
• Taxable income: $928
• Est. tax owed @ 24.0%: −$223
• After-tax cash flow: $2,421/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

+193.2% since first listed

7 events — show timeline

• 2026-05-18 Price Changed $108,000 Greater Alabama MLS
• 2026-03-31 Listed $115,000 Greater Alabama MLS
• 2020-02-05 Sold (Public Records) $85,000 Public Records
• 2001-06-12 Sold (Public Records) $58,130 Public Records
• 2001-06-12 Sold (Public Records) $63,000 Public Records
• 1995-05-01 Sold (Public Records) $46,350 Public Records
• 1980-03-26 Sold (Public Records) $36,838 Public Records

Property tax history

-0.0%/yr

Latest (2025): $747 · +6.9% YoY. Source: county tax records.