2620 6th St NE · Center Point, AL 35215

$139,500

4 bd · 3.0 ba · 2,334 sqft · SingleFamily public records · 41 Days on market

Built 1971 0.44 ac lot $60/sqft · 31% below area Est $171k · 19% 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 +25.4/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +6.5/10.0
• 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

Fully rehabbed Investment Property! Ready to cash flow for a new owner!

Key facts

• 0.44 acre lot
• 2 garage spots
• Built 1971

Property features AI

Finance

• Other: Property in CENTER CREST subdivision; Lot size approximately 0.44 acres
• Financial info: Has down payment assistance
• HOA & community: No association fee

Exterior

• Parking: Front garage entry; Basement parking; 2 total garage spaces (2 in basement)
• Utilities: Public water; Septic sewer; Electric water heater; Underground utilities; Internet service available
• Home design: Existing construction; Siding (other)
• Construction: Basement foundation; Concrete block basement
• Exterior features: Covered deck; No pool; No patio; No garden/patio; Not waterfront

Interior

• Kitchen: Laminate countertops; Electric oven
• Bedrooms: Multiple bedrooms on main level, including a master bedroom
• Flooring: Carpet
• Bathrooms: Three full bathrooms; Bathtub/shower combos
• Heating & cooling: Central heating; Central cooling
• Interior features: Carpet floors; Ceilings: Other (see remarks); Full unfinished basement (concrete block)
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located in basement

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $321 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $135k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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: 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; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d 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).
• This rent runs 36% 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 $964 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 41 days — a 3% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y 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

• 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 $135,315 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 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 1971 — 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: 1.15% ✓
• Cap rate: 9.05%
• Cash-on-cash: 9.86%
• DSCR: 1.44
• GRM: 7.2

CMA / ARV

• ARV (median comp): $171,265
• List price: $139,500
• Delta: -18.55%
• 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
3107 3rd Way NE	0.49mi	4/3.0	2,289 (-2%)	2mo	$195,000	$85	72
2315 4th Pl NE	0.48mi	4/2.0	2,339 (+0%)	11mo	$219,900	$94	64
749 Gable Dr	0.45mi	5/3.0 (+1)	2,390 (+2%)	8mo	$250,000	$105	63
104 26th Ave NE	0.48mi	5/2.0 (+1)	2,208 (-5%)	4mo	$110,000	$50	56
3042 Wood Cir	0.41mi	3/2.5 (-1)	2,210 (-5%)	12mo	$239,000	$108	55
776 Gable Dr	0.57mi	3/2.5 (-1)	2,318 (-1%)	16mo	$285,000	$123	52
307 35th Ave NE	0.70mi	3/2.0 (-1)	2,251 (-4%)	3mo	$189,000	$84	50
2344 2nd St NE	0.69mi	4/2.5	2,400 (+3%)	13mo	$183,000	$76	50
754 Gable Dr	0.49mi	4/2.5	2,111 (-10%)	16mo	$235,000	$111	46
765 Gable Dr	0.52mi	3/2.0 (-1)	2,038 (-13%)	2mo	$139,000	$68	44
5253 Highland Trace Cir	0.49mi	3/2.0 (-1)	2,084 (-11%)	12mo	$240,000	$115	40
333 36th Ave NE	0.71mi	3/2.0 (-1)	2,004 (-14%)	3mo	$245,000	$122	32

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: -1.4%
• Equity multiple: 0.95×
• Total profit: $-2,086
• Equity at exit: $20,800

10-year hold

• IRR: 8.3%
• Equity multiple: 1.64×
• Total profit: $24,824
• Equity at exit: $12,061

Cash invested: $39,060 (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: 7.2×

Monthly cashflow live

• Estimated rent: $1,605 high
• Mortgage (P&I): −$732
• Tax from tax record: −$157 /mo · $1,884/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $321

Break-even live

Break-even rent $1,198

Max offer price $139,500

Occupancy floor 75%

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: $34,875
• Closing costs: $4,185
• 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	3d	1	0.14mi
605 Country View Dr Birmingham, AL	3.0	2.0	1698	$1,560	$0.92	43d	1	0.15mi
5010 Darlene Dr Pinson, AL	3.0	2.0	1914	$1,550	$0.81	23d	1	0.99mi
600 20th Ct NE Center Point, AL	3.0	2.0	1878	$1,650	$0.88	23d	1	1.00mi
340 40th Ave NE Center Point, AL	3.0	2.0	2007	$1,650	$0.82	16d	1	1.07mi
5240 Jean Dr Pinson, AL	4.0	2.0	1714	$1,695	$0.99	43d	1	1.10mi
3005 Sweeney Hollow Pl Birmingham, AL	3.0	2.0	2014	$1,325	$0.66	14d	1	1.38mi
3814 Mars Ave Center Point, AL	4.0	2.0	2063	$1,890	$0.92	43d	1	1.39mi
428 26th Ave NW Center Point, AL	4.0	3.0	2796	$1,575	$0.56	43d	1	1.39mi
1819 Valley Run Cir Birmingham, AL	4.0	2.5	1694	$1,761	$1.04	43d	1	1.49mi

Listing history 20 events

1. 2026-06-18
   status $139,500 Active 41 DOM
2. 2026-06-18
   days on market $139,500 Contingent 41 DOM
3. 2026-06-17
   days on market $139,500 Contingent 40 DOM
4. 2026-06-16
   days on market $139,500 Contingent 39 DOM
5. 2026-06-15
   days on market $139,500 Contingent 38 DOM
6. 2026-06-13
   days on market $139,500 Contingent 36 DOM
7. 2026-06-10
   days on market $139,500 Contingent 33 DOM
8. 2026-06-09
   days on market $139,500 Contingent 32 DOM
9. 2026-06-08
   days on market $139,500 Contingent 31 DOM
10. 2026-06-07
    days on market $139,500 Contingent 30 DOM
11. 2026-06-03
    days on market $139,500 Contingent 26 DOM
12. 2026-06-02
    days on market $139,500 Contingent 25 DOM
13. 2026-06-01
    days on market $139,500 Contingent 24 DOM
14. 2026-05-31
    days on market $139,500 Contingent 23 DOM
15. 2026-05-16
    historical Contingent 72-char remark
16. 2026-05-08
    listed $139,500 Active 72-char remark
17. 2025-01-08
    price $150,000
18. 2020-05-11
    soldstatus $123,900 Sold

    Show marketing remark (71 chars)

    Fully rehabbed Investment Property! Ready to cash flow for a new owner!

19. 2020-04-16
    listed Contingent

    Show marketing remark (71 chars)

    Fully rehabbed Investment Property! Ready to cash flow for a new owner!

20. 2020-04-16
    listed $123,900

    Show marketing remark (71 chars)

    Fully rehabbed Investment Property! Ready to cash flow for a new owner!

ⓘ 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: $1,884 · $157/mo
• Projected year-2 tax: $1,884 · $157/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 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: $19,255
• − Mortgage interest: −$7,814
• − Property taxes: −$1,884
• − Insurance: −$698
• − Repairs & maintenance: −$1,540
• − Management: −$1,540
• − Depreciation: −$4,058
• Taxable income: $1,720
• Est. tax owed @ 24.0%: −$413
• After-tax cash flow: $3,438/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

+12.6% since first listed

6 events — show timeline

• 2026-05-16 Contingent — Greater Alabama MLS
• 2026-05-08 Listed $139,500 Greater Alabama MLS
• 2025-01-08 Price Changed $150,000 Greater Alabama MLS
• 2020-05-11 Sold (MLS) $123,900 Greater Alabama MLS
• 2020-04-16 Listed — Greater Alabama MLS
• 2020-04-16 Listed $123,900 Greater Alabama MLS

Property tax history

+9.9%/yr

Latest (2025): $1,884 · +0.0% YoY. Source: county tax records.