2636 3rd St NW · Center Point, AL 35215

$85,000

3 bd · 2.0 ba · 1,752 sqft · SingleFamily public records · 26 Days on market

Built 1972

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

This home offers great potential for the right buyer! Featuring a functional floor place with 3 bedrooms, 2 full baths, and a spacious living area, this property is ready for someone to bring it back to life. Sold AS IS, it needs some updates and repairs but has solid bones and a great layout. Perfect for investors or buyers looking for a project. Don't miss this opportunity to add your personal touch and make it shine again.

Key facts

• Built 1972
• Listed 26 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $591 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $84k (1.5% below list) — sets the bar for market timing.
• Cap rate 14.6% 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: Erwin Middle School (math 2% / reading 17%, grade F, #233 of 257 statewide, top 91%, 617 students, 94% FRL) — zoned schools average 94% FRL vs 49% district-wide (45 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.0%/yr); 333 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% 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 32% 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 $588 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 $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

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 $83,725 (1.5% below list)

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.68% ✓
• Cap rate: 14.63%
• Cash-on-cash: 29.79%
• DSCR: 2.33
• GRM: 5.0

CMA / ARV

• ARV (on-the-fly): $185,712
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2809 2nd Pl NW	0.28mi	3/2.0	1,839 (+5%)	15mo	$215,000	$117	66
625 Sunhill Rd NW	0.65mi	3/2.0	1,738 (-1%)	3mo	$230,000	$132	66
434 Westchester Dr	0.50mi	4/2.0 (+1)	1,740 (-1%)	9mo	$174,000	$100	63
113 Fox Hill Dr	0.42mi	3/2.0	1,892 (+8%)	9mo	$200,000	$106	60
100 26th Ave NW	0.53mi	4/2.0 (+1)	1,706 (-3%)	8mo	$145,000	$85	59
2240 3rd St NW	0.71mi	3/2.0	1,747 (-0%)	13mo	$174,000	$100	56
2926 2nd Pl NW	0.54mi	4/2.5 (+1)	1,818 (+4%)	9mo	$225,000	$124	54
2813 4th Pl NW	0.32mi	4/2.5 (+1)	1,530 (-13%)	4mo	$220,000	$144	54
466 Westchester Dr	0.63mi	3/2.5	1,800 (+3%)	14mo	$186,000	$103	52
530 24th Ave NW	0.53mi	4/2.5 (+1)	1,872 (+7%)	6mo	$142,000	$76	52
340 Houston Rd	0.72mi	3/2.0	1,604 (-8%)	11mo	$120,000	$75	43
2313 4th St NW	0.59mi	4/2.0 (+1)	1,591 (-9%)	12mo	$218,000	$137	42

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: 24.4%
• Equity multiple: 2.00×
• Total profit: $23,906
• Equity at exit: $12,674

10-year hold

• IRR: 32.2%
• Equity multiple: 3.92×
• Total profit: $69,472
• Equity at exit: $7,349

Cash invested: $23,800 (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: 333
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,429 high
• Mortgage (P&I): −$446
• Tax from tax record: −$57 /mo · $683/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $591

Break-even live

Break-even rent $681

Max offer price $85,000

Occupancy floor 54%

Sensitivity live

Price	-10% $639	-5% $615	+0% $591	+5% $567	+10% $543
Rent	-10% $478	-5% $534	+0% $591	+5% $647	+10% $704
Rate	-1.0pp $634	-0.5pp $612	base $591	+0.5pp $569	+1.0pp $546

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
408 Sunhill Rd NW Center Point, AL	3.0	1.5	1290	$1,355	$1.05	45d	1	0.16mi
2416 4th St NW Center Point, AL	4.0	2.0	1400	$1,500	$1.07	24d	1	0.33mi
532 26th Ave NW Center Point, AL	4.0	1.0	1644	$1,250	$0.76	45d	1	0.41mi
127 Fox Hill Ct Center Point, AL	3.0	2.0	1418	$1,545	$1.09	45d	1	0.43mi
202 Westchester Dr Birmingham, AL	4.0	2.0	1374	$1,300	$0.95	24d	1	0.58mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	45d	1	0.67mi
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	24d	1	0.97mi
3814 Mars Ave Center Point, AL	4.0	2.0	2063	$1,890	$0.92	45d	1	1.00mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	45d	1	1.04mi
457 Tupelo Way Center Point, AL	3.0	1.0	1658	$995	$0.60	22d	1	1.10mi
2655 6th St NE Center Point, AL	3.0	2.0	1600	$1,390	$0.87	4d	1	1.24mi
605 Country View Dr Birmingham, AL	3.0	2.0	1698	$1,560	$0.92	45d	1	1.27mi
5992 Princess Blvd Birmingham, AL	3.0	2.0	1454	$1,661	$1.14	45d	1	1.28mi
607 Country View Dr Birmingham, AL	4.0	2.0	1568	$1,550	$0.99	24d	1	1.29mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	45d	1	1.29mi
2708 7th St NE Center Point, AL	3.0	1.0	1451	$1,150	$0.79	45d	1	1.30mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	12d	1	1.35mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	45d	1	1.39mi
1827 Carson Rd Unit 1 Birmingham, AL	3.0	2.5	1332	$1,125	$0.84	45d	1	1.40mi
1827 Carson Rd Unit 7 Birmingham, AL	3.0	2.5	1332	$950	$0.71	24d	1	1.40mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	45d	1	1.40mi
212 Saint John Dr NW Birmingham, AL	2.0	2.0	1445	$1,423	$0.98	15d	1	1.44mi
345 Saint John Rd NW Birmingham, AL	3.0	2.0	2142	$1,731	$0.81	4d	1	1.44mi
340 40th Ave NE Center Point, AL	3.0	2.0	2007	$1,650	$0.82	17d	1	1.46mi

Listing history 4 events

1. 2025-12-18
   status Pending
2. 2025-11-27
   status Active
3. 2025-11-10
   status Pending
4. 2025-11-05
   listed $85,000 Active

ⓘ 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: $683 · $57/mo
• Projected year-2 tax: $683 · $57/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 6 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,148
• − Mortgage interest: −$4,761
• − Property taxes: −$683
• − Insurance: −$425
• − Repairs & maintenance: −$1,372
• − Management: −$1,372
• − Depreciation: −$2,473
• Taxable income: $6,062
• Est. tax owed @ 24.0%: −$1,455
• After-tax cash flow: $5,635/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

4 events — show timeline

• 2025-12-18 Pending — VMLS
• 2025-11-27 Relisted — VMLS
• 2025-11-10 Pending — VMLS
• 2025-11-05 Listed $85,000 VMLS

Property tax history

+5.3%/yr

Latest (2025): $683 · +0.0% YoY. Source: county tax records.