2512 NE 3rd St NE · Center Point, AL 35215

$115,000

4 bd · 2.0 ba · 2,342 sqft · SingleFamily public records · 44 Days on market

Built 1958 0.45 ac lot $49/sqft · 50% below area Est $187k · 39% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• 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

Fantastic, flat, big lot! Private, stocked lake with bass and crappie. HOA is $50 per year to maintain the fish in the lake. Electric trolling motors only. Full brick with vinyl trim. +/- 2342 sq ft per tax records. Man cave with new tile floors. All hardwoods on main level except kitchen and baths. Stainless appliances. Formal dining room. Covered back patio. Large living room with a decorative fireplace (that is for looks only and does not work). Wireless security system. 1 car, basement garage. Seller will add door back to 3rd bedroom if buyer requests. Seller is tax exempt. Subdivision has only one entrance. Therefore, the neighborhood traffic should be lower. Per Seller property goes 10'-15' into the woods. Dusk to Dawn security light in back yard ~ $18/Mth. Per seller: Remodeled basement den (tile and paint) ~ June 2019, Back deck ~ 2017, ~$10,000 HVAC ~ 2014, and gas water heater ~ 2017.

Key facts

• Functional kitchen
• Bright living area
• Natural light

Tags

• FUNCTIONAL KITCHEN
• AMPLE CABINET SPACE
• BRIGHT LIVING AREA
• NATURAL LIGHT

Property features AI

Finance

• Other: Lot size approximately 0.45 acre; Not in a flood plain
• HOA & community: Located in Lakeview Estates

Exterior

• Parking: Attached garage with side entry; Basement-level parking (1 garage space)
• Utilities: Public water; Septic sewer; Internet service availability unknown
• Home design: 4-side brick construction; Basement foundation; Existing (previously built) property
• Construction: 4-side brick construction; Basement construction includes concrete block; Full finished basement
• Exterior features: Open deck; City view

Interior

• Kitchen: Built-in microwave; Gas stove; Laminate countertops
• Bedrooms: Master bedroom on main level; Multiple additional bedrooms on main level (total bedrooms listed in rooms)
• Flooring: Concrete floors; Hardwood floors; Tile flooring
• Bathrooms: Two full bathrooms; Split bedroom floorplan
• Heating & cooling: Central heating; Central cooling
• Interior features: Ceilings: Other (see remarks); One gas fireplace with gas logs in the living room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $477 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.8% 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: Center Point Elementary School (618 students, 82% FRL); Center Point High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 774 students, 91% FRL) — zoned schools average 86% FRL vs 49% district-wide (38 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 2% at this address vs 20% district-wide (-18 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); 333 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $795 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 $32k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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 $111,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.39% ✓
• Cap rate: 11.84%
• Cash-on-cash: 19.83%
• DSCR: 1.88
• GRM: 6.0

CMA / ARV

• ARV (median comp): $187,146
• List price: $115,000
• Delta: -38.55%
• 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
104 26th Ave NE	0.16mi	5/2.0 (+1)	2,208 (-6%)	4mo	$110,000	$50	75
2315 4th Pl NE	0.41mi	4/2.0	2,339 (-0%)	11mo	$219,900	$94	72
2344 2nd St NE	0.35mi	4/2.5	2,400 (+2%)	13mo	$183,000	$76	66
3107 3rd Way NE	0.62mi	4/3.0	2,289 (-2%)	2mo	$195,000	$85	61
3042 Wood Cir	0.41mi	3/2.5 (-1)	2,210 (-6%)	12mo	$239,000	$108	54
2621 NE 3rd St	0.19mi	4/3.0	2,625 (+12%)	18mo	$254,900	$97	52
2216 2nd Pl NE	0.64mi	3/2.0 (-1)	2,258 (-4%)	9mo	$190,000	$84	52
2721 5th St NE	0.52mi	3/2.0 (-1)	2,301 (-2%)	20mo	$146,980	$64	51
2639 1st Pl NW	0.56mi	4/2.0	2,183 (-7%)	14mo	$200,000	$92	51
749 Gable Dr	0.75mi	5/3.0 (+1)	2,390 (+2%)	8mo	$250,000	$105	46
2822 Micmac Dr	0.61mi	4/1.0	2,119 (-10%)	17mo	$110,000	$52	38
305 34th Ave NE	0.75mi	3/3.0 (-1)	2,401 (+2%)	21mo	$278,000	$116	35

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: 9.3%
• Equity multiple: 1.37×
• Total profit: $11,799
• Equity at exit: $17,147

10-year hold

• IRR: 18.5%
• Equity multiple: 2.54×
• Total profit: $49,699
• Equity at exit: $9,943

Cash invested: $32,200 (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: 6.0×

Monthly cashflow live

• Estimated rent: $1,600 high
• Mortgage (P&I): −$603
• Tax from tax record: −$81 /mo · $967/yr
• Insurance: −$48
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $477

Break-even live

Break-even rent $996

Max offer price $115,000

Occupancy floor 65%

Sensitivity live

Price	-10% $542	-5% $509	+0% $477	+5% $444	+10% $411
Rent	-10% $350	-5% $413	+0% $477	+5% $540	+10% $603
Rate	-1.0pp $534	-0.5pp $506	base $477	+0.5pp $447	+1.0pp $416

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 10 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	0.47mi
605 Country View Dr Birmingham, AL	3.0	2.0	1698	$1,560	$0.92	45d	1	0.49mi
600 20th Ct NE Center Point, AL	3.0	2.0	1878	$1,650	$0.88	24d	1	0.95mi
428 26th Ave NW Center Point, AL	4.0	3.0	2796	$1,575	$0.56	45d	1	1.12mi
340 40th Ave NE Center Point, AL	3.0	2.0	2007	$1,650	$0.82	17d	1	1.26mi
5010 Darlene Dr Pinson, AL	3.0	2.0	1914	$1,550	$0.81	24d	1	1.31mi
532 26th Ave NW Center Point, AL	4.0	1.0	1644	$1,250	$0.76	45d	1	1.33mi
3814 Mars Ave Center Point, AL	4.0	2.0	2063	$1,890	$0.92	45d	1	1.37mi
457 Tupelo Way Center Point, AL	3.0	1.0	1658	$995	$0.60	22d	1	1.40mi
5240 Jean Dr Pinson, AL	4.0	2.0	1714	$1,695	$0.99	45d	1	1.41mi

Listing history 19 events

1. 2026-06-18
   days on market $115,000 Active 44 DOM
2. 2026-06-17
   days on market $115,000 Active 43 DOM
3. 2026-06-16
   days on market $115,000 Active 42 DOM
4. 2026-06-15
   days on market $115,000 Active 41 DOM
5. 2026-06-13
   days on market $115,000 Active 39 DOM
6. 2026-06-10
   days on market $115,000 Active 36 DOM
7. 2026-06-09
   days on market $115,000 Active 35 DOM
8. 2026-06-08
   days on market $115,000 Active 34 DOM
9. 2026-06-07
   days on market $115,000 Active 33 DOM
10. 2026-06-03
    days on market $115,000 Active 29 DOM
11. 2026-06-02
    days on market $115,000 Active 28 DOM
12. 2026-06-01
    days on market $115,000 Active 27 DOM
13. 2026-05-31
    days on market $115,000 Active 26 DOM
14. 2026-05-02
    listed $115,000 Active 229-char remark
15. 2019-08-02
    soldstatus $124,900 Sold 909-char remark

    Show marketing remark (909 chars)

    Fantastic, flat, big lot! Private, stocked lake with bass and crappie. HOA is $50 per year to maintain the fish in the lake. Electric trolling motors only. Full brick with vinyl trim. +/- 2342 sq ft per tax records. Man cave with new tile floors. All hardwoods on main level except kitchen and baths. Stainless appliances. Formal dining room. Covered back patio. Large living room with a decorative fireplace (that is for looks only and does not work). Wireless security system. 1 car, basement garage. Seller will add door back to 3rd bedroom if buyer requests. Seller is tax exempt. Subdivision has only one entrance. Therefore, the neighborhood traffic should be lower. Per Seller property goes 10'-15' into the woods. Dusk to Dawn security light in back yard ~ $18/Mth. Per seller: Remodeled basement den (tile and paint) ~ June 2019, Back deck ~ 2017, ~$10,000 HVAC ~ 2014, and gas water heater ~ 2017.

16. 2019-06-29
    historical 909-char remark

    Show marketing remark (909 chars)

    Fantastic, flat, big lot! Private, stocked lake with bass and crappie. HOA is $50 per year to maintain the fish in the lake. Electric trolling motors only. Full brick with vinyl trim. +/- 2342 sq ft per tax records. Man cave with new tile floors. All hardwoods on main level except kitchen and baths. Stainless appliances. Formal dining room. Covered back patio. Large living room with a decorative fireplace (that is for looks only and does not work). Wireless security system. 1 car, basement garage. Seller will add door back to 3rd bedroom if buyer requests. Seller is tax exempt. Subdivision has only one entrance. Therefore, the neighborhood traffic should be lower. Per Seller property goes 10'-15' into the woods. Dusk to Dawn security light in back yard ~ $18/Mth. Per seller: Remodeled basement den (tile and paint) ~ June 2019, Back deck ~ 2017, ~$10,000 HVAC ~ 2014, and gas water heater ~ 2017.

17. 2019-06-20
    listed $124,900 Active 909-char remark

    Show marketing remark (909 chars)

    Fantastic, flat, big lot! Private, stocked lake with bass and crappie. HOA is $50 per year to maintain the fish in the lake. Electric trolling motors only. Full brick with vinyl trim. +/- 2342 sq ft per tax records. Man cave with new tile floors. All hardwoods on main level except kitchen and baths. Stainless appliances. Formal dining room. Covered back patio. Large living room with a decorative fireplace (that is for looks only and does not work). Wireless security system. 1 car, basement garage. Seller will add door back to 3rd bedroom if buyer requests. Seller is tax exempt. Subdivision has only one entrance. Therefore, the neighborhood traffic should be lower. Per Seller property goes 10'-15' into the woods. Dusk to Dawn security light in back yard ~ $18/Mth. Per seller: Remodeled basement den (tile and paint) ~ June 2019, Back deck ~ 2017, ~$10,000 HVAC ~ 2014, and gas water heater ~ 2017.

18. 2007-05-02
    soldstatus $85,000
19. 1999-09-20
    soldstatus $89,500

ⓘ 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: $967 · $81/mo
• Projected year-2 tax: $967 · $81/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: $19,195
• − Mortgage interest: −$6,442
• − Property taxes: −$967
• − Insurance: −$1,242
• − Repairs & maintenance: −$1,536
• − Management: −$1,536
• − Depreciation: −$3,345
• Taxable income: $4,128
• Est. tax owed @ 24.0%: −$991
• After-tax cash flow: $4,728/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

+28.5% since first listed

6 events — show timeline

• 2026-05-02 Listed $115,000 Greater Alabama MLS
• 2019-08-02 Sold (MLS) $124,900 Greater Alabama MLS
• 2019-06-29 Delisted — Greater Alabama MLS
• 2019-06-20 Listed $124,900 Greater Alabama MLS
• 2007-05-02 Sold (Public Records) $85,000 Public Records
• 1999-09-20 Sold (Public Records) $89,500 Public Records

Property tax history

+7.9%/yr

Latest (2025): $967 · +0.0% YoY. Source: county tax records.