1812 1st St NE · Center Point, AL 35215

$100,000

3 bd · 2.0 ba · 1,380 sqft · SingleFamily · 30 Days on market

Built 1951 Fair condition 7,840 sqft lot Est $166k · 40% 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 +29.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.2/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Great opportunity to own a mixed-use property in Center Point! Located at 1812 1st St NE, this property is zoned C1 (Neighborhood Commercial), allowing for a variety of potential uses including retail, office space, service businesses, and other neighborhood commercial opportunities. The location offers easy access to main roads and nearby residential communities, making it an excellent spot for a small business or investment opportunity. Whether you’re looking to start a business, expand your portfolio, or secure a property with flexible zoning, this location offers plenty of potential.

Key facts

• Flexible zoning
• Zoned c1
• Mixed-use property

Tags

• MIXED-USE PROPERTY
• ZONED C1
• FLEXIBLE ZONING

Property features AI

Finance

• Other: Parcel ID 12-00-18-3-008-017.000; Lot size about 0.18 acres; Subdivision: TYLER ROAD ESTATES

Exterior

• Parking: Driveway parking; Off-street parking
• Utilities: Public water; Connected sewer; Gas water heater; Internet service available
• Home design: Existing home; Basement foundation
• Construction: Brick over foundation; Vinyl siding; Wood siding
• Exterior features: No pool, patio, deck, or garden/patio; Not waterfront; Lot not in flood plain

Interior

• Kitchen: Solid surface countertops
• Bedrooms: Multiple bedrooms on main level
• Flooring: Carpet; Hardwood; Vinyl
• Bathrooms: Two full bathrooms; Shared bath with tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Smooth ceilings; Partial finished basement with both finished and unfinished areas; Pull-down attic; Has laundry
• Laundry & utility: Washer hookup; Gas dryer hookup; Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $100k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $341 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $98k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.4% 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); 334 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $691 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 $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $98,500 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.31% ✓
• Cap rate: 10.39%
• Cash-on-cash: 14.63%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $165,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2236 2nd Pl NE	0.65mi	3/2.0	1,392 (+1%)	3mo	$195,000	$140	66
1736 Reed Rd NE	0.58mi	3/2.0	1,469 (+6%)	1mo	$190,000	$129	61
217 22nd Ave NE	0.49mi	4/2.0 (+1)	1,327 (-4%)	7mo	$138,000	$104	60
1705 Lake Park Cir	0.69mi	2/2.0 (-1)	1,339 (-3%)	1mo	$125,000	$93	57
408 Tupelo Rd	0.62mi	3/2.0	1,470 (+6%)	5mo	$140,000	$95	56
550 Samantha Cir	0.75mi	3/2.0	1,455 (+5%)	1mo	$215,000	$148	55
348 17th Ave NW	0.63mi	4/2.0 (+1)	1,456 (+6%)	4mo	$175,000	$120	53
504 Lakeside Cir	0.45mi	2/2.0 (-1)	1,555 (+13%)	2mo	$210,000	$135	51
5 21st Ct NW	0.40mi	2/1.0 (-1)	1,245 (-10%)	6mo	$52,000	$42	51
550 Lakeside Cir	0.45mi	2/2.0 (-1)	1,526 (+11%)	7mo	$209,900	$138	50
316 20th Ave NW	0.58mi	3/1.0	1,540 (+12%)	3mo	$164,900	$107	47
1712 4th Pl NW	0.71mi	3/1.0	1,182 (-14%)	3mo	$90,000	$76	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: 5.2%
• Equity multiple: 1.20×
• Total profit: $5,616
• Equity at exit: $14,910

10-year hold

• IRR: 14.7%
• Equity multiple: 2.19×
• Total profit: $33,191
• Equity at exit: $8,646

Cash invested: $28,000 (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: 6.4×

Monthly cashflow live

• Estimated rent: $1,307 high
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,500/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $341

Break-even live

Break-even rent $875

Max offer price $100,000

Occupancy floor 69%

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	43d	1	0.23mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	11d	1	0.25mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	2d	4	0.26mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	43d	1	0.32mi
1629 1st St NW Center Point, AL	3.0	1.0	900	$1,025	$1.14	23d	1	0.35mi
1628 1st St NE Center Point, AL	3.0	1.0	1027	$1,165	$1.13	43d	1	0.37mi
1628 1st St NW Center Point, AL	3.0	1.0	1124	$1,150	$1.02	43d	1	0.37mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	43d	1	0.40mi
405 18th Ave NW Center Point, AL	3.0	2.0	1162	$1,299	$1.12	43d	1	0.54mi
1541 Charter East Cir NE Birmingham, AL	1.0–2.0	1.0–1.5	807	$1,095	$1.36	1d	8	0.63mi
213 Meadwood Dr NE Center Point, AL	3.0	1.0	1194	$995	$0.83	43d	1	0.65mi
1617 3rd Pl NW Center Point, AL	3.0	2.0	1404	$1,150	$0.82	23d	1	0.65mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	23d	1	0.66mi
1700 4th Pl NW Center Point, AL	3.0	1.0	914	$1,075	$1.18	23d	1	0.70mi
1712 4th Pl NW Center Point, AL	3.0	1.0	1182	$1,150	$0.97	23d	1	0.70mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	43d	1	0.72mi
341 Argonne Dr NE Center Point, AL	3.0	1.0	1040	$1,300	$1.25	2d	1	0.74mi
2245 3rd St NE Center Point, AL	3.0	1.0	1150	$1,100	$0.96	23d	1	0.74mi
413 20th Ct NE Center Point, AL	3.0	1.5	1540	$1,375	$0.89	43d	1	0.76mi
241 Lake Drive Cir NE Birmingham, AL	2.0	1.0	1358	$1,025	$0.75	1d	1	0.78mi
239 Lake Drive Cir NE Birmingham, AL	3.0	1.0	1159	$1,125	$0.97	3d	1	0.78mi
2318 Raintree Ct Center Point, AL	2.0	1.0	975	$1,100	$1.13	2d	2	0.79mi
457 Tupelo Way Center Point, AL	3.0	1.0	1658	$995	$0.60	21d	1	0.80mi
509 20th Ave NE Center Point, AL	3.0	1.5	1008	$1,200	$1.19	23d	1	0.83mi
428 15th Ter NW Center Point, AL	3.0	2.0	1528	$1,795	$1.17	2d	1	0.84mi
2245 3rd St NW Center Point, AL	3.0	1.0	1156	$1,100	$0.95	23d	1	0.87mi
434 15th Ter NW Center Point, AL	3.0	2.0	1053	$1,200	$1.14	43d	1	0.87mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	2d	1	0.88mi
1700 Serene Dr Birmingham, AL	4.0	1.5	1543	$1,630	$1.06	1d	1	0.88mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	43d	1	0.90mi
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	23d	1	0.91mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	43d	1	0.93mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	14d	1	0.94mi
1736 6th St NW Center Point, AL	4.0	2.0	1830	$1,550	$0.85	43d	1	0.99mi
1732 6th St NW Center Point, AL	3.0	1.5	1300	$1,250	$0.96	2d	1	0.99mi
2232 6th St NE Center Point, AL	3.0	1.0	1550	$1,150	$0.74	43d	1	0.99mi
109 24th Ave NW Center Point, AL	3.0	1.5	1023	$1,215	$1.19	43d	1	0.99mi
224 13th Ave NE Birmingham, AL	3.0	1.5	1213	$1,273	$1.05	21d	1	0.99mi
1612 Glenwood St NW Center Point, AL	4.0	3.0	1344	$1,480	$1.10	23d	1	1.02mi
2323 4th St NW Center Point, AL	3.0	1.0	1038	$1,305	$1.26	2d	1	1.06mi

Listing history 14 events

1. 2026-06-18
   days on market $100,000 Active 30 DOM
2. 2026-06-17
   days on market $100,000 Active 29 DOM
3. 2026-06-16
   days on market $100,000 Active 28 DOM
4. 2026-06-15
   days on market $100,000 Active 27 DOM
5. 2026-06-13
   days on market $100,000 Active 25 DOM
6. 2026-06-10
   days on market $100,000 Active 22 DOM
7. 2026-06-09
   days on market $100,000 Active 21 DOM
8. 2026-06-08
   days on market $100,000 Active 20 DOM
9. 2026-06-07
   days on market $100,000 Active 19 DOM
10. 2026-06-03
    days on market $100,000 Active 15 DOM
11. 2026-06-02
    days on market $100,000 Active 14 DOM
12. 2026-06-01
    days on market $100,000 Active 13 DOM
13. 2026-05-31
    days on market $100,000 Active 12 DOM
14. 2026-03-04
    listed $100,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $15,684
• − Mortgage interest: −$5,602
• − Property taxes: −$1,500
• − Insurance: −$500
• − Repairs & maintenance: −$1,255
• − Management: −$1,255
• − Depreciation: −$2,909
• Taxable income: $2,664
• Est. tax owed @ 24.0%: −$639
• After-tax cash flow: $3,458/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.

Condition & rehab AI · 14 photos

Fair 45/100 Extensive rehab

This property requires extensive renovation to improve its condition and increase its value. Exterior repairs, HVAC upgrade, and window replacement are recommended to enhance both resale and rental value.

Repairs flagged

• Major exterior siding — Severe peeling and damage
• Major roof — Signs of wear and possible damage
• Major HVAC system — Likely outdated and inefficient
• Major windows — Visible damage and possible leaks

Value-add opportunities

• Both exterior renovation — Enhances curb appeal and value
• Both HVAC upgrade — Improves comfort and energy efficiency
• Both window replacement — Fixes leaks and enhances energy efficiency

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Severe peeling and damage	Major	$15,000–50,000
roof · Signs of wear and possible damage	Major	$15,000–50,000
HVAC system · Likely outdated and inefficient	Major	$15,000–50,000
windows · Visible damage and possible leaks	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both exterior renovation — Enhances curb appeal and value ↑
• Both HVAC upgrade — Improves comfort and energy efficiency ↑
• Both window replacement — Fixes leaks and enhances energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

1 event — show timeline

• 2026-03-04 Listed $100,000 Greater Alabama MLS