2237 3rd St NW · Center Point, AL 35215

$130,000

3 bd · 2.0 ba · 1,879 sqft · SingleFamily public records · 181 Days on market

Built 1958 0.43 ac lot Est $177k · 26% 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 +5.7/10.0
• 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

This Beautiful home is ready for its new owners. This lovely 3BR 2BA home features beautiful hardwood floors, Updated Kitchen with new granite countertops and stainless appliances, an eat in area, a large FAMILY room with new LVP Flooring and dedicated Office/Study area. The house sits in the center of a large lot, the backyard is very spacious and fenced and includes a nice storage building. Don't miss it, this home won't be on the market long.

Key facts

• Work storage shed
• Walk in closet
• Fenced in back yard

Tags

• WALK IN CLOSET
• FENCED IN BACK YARD
• WORK STORAGE SHED
• ADDITIONAL DEN FAMILY AREAS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $231 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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) — zoned schools average 82% FRL vs 49% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.0%/yr); 334 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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 $899 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 181 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $25k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 days. Have you received any prior offers? Is the seller open to a 12% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.07% ✓
• Cap rate: 9.04%
• Cash-on-cash: 9.82%
• DSCR: 1.44
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $176,626
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2240 3rd St NW	0.05mi	3/2.0	1,747 (-7%)	13mo	$174,000	$100	75
328 Sunhill Rd NW	0.50mi	3/2.0	2,020 (+8%)	2mo	$160,000	$79	63
530 24th Ave NW	0.60mi	4/2.5 (+1)	1,872 (-0%)	6mo	$142,000	$76	59
2020 2nd St NW	0.38mi	4/3.0 (+1)	1,823 (-3%)	16mo	$158,700	$87	55
2102 5th Way NW	0.67mi	3/2.0	1,806 (-4%)	12mo	$170,000	$94	52
609 24th Ave NW	0.72mi	3/2.0	1,827 (-3%)	15mo	$226,000	$124	49
201 Sun Valley Rd	0.42mi	4/3.0 (+1)	1,699 (-10%)	8mo	$170,000	$100	49
2433 4th St NW	0.50mi	3/2.5	2,135 (+14%)	6mo	$100,000	$47	47
301 Sun Valley Rd	0.37mi	2/1.5 (-1)	1,634 (-13%)	13mo	$119,900	$73	43
100 26th Ave NW	0.68mi	4/2.0 (+1)	1,706 (-9%)	8mo	$145,000	$85	41
1839 6th St NW	0.67mi	4/3.0 (+1)	2,088 (+11%)	7mo	$257,000	$123	35
524 Sunhill Rd	0.74mi	3/2.0	1,612 (-14%)	22mo	$157,000	$97	23

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: -4.6%
• Equity multiple: 0.83×
• Total profit: $-6,265
• Equity at exit: $19,383

10-year hold

• IRR: 5.1%
• Equity multiple: 1.38×
• Total profit: $13,765
• Equity at exit: $11,240

Cash invested: $36,400 (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: 7.8×

Monthly cashflow live

• Estimated rent: $1,390 high
• Mortgage (P&I): −$682
• Tax from tax record: −$64 /mo · $774/yr
• Insurance: −$54
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $231

Break-even live

Break-even rent $1,097

Max offer price $130,000

Occupancy floor 78%

Sensitivity live

Price	-10% $305	-5% $268	+0% $231	+5% $195	+10% $158
Rent	-10% $122	-5% $177	+0% $231	+5% $286	+10% $341
Rate	-1.0pp $297	-0.5pp $265	base $231	+0.5pp $198	+1.0pp $164

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	44d	1	0.10mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	44d	1	0.40mi
2416 4th St NW Center Point, AL	4.0	2.0	1400	$1,500	$1.07	24d	1	0.48mi
457 Tupelo Way Center Point, AL	3.0	1.0	1658	$995	$0.60	22d	1	0.49mi
408 Sunhill Rd NW Center Point, AL	3.0	1.5	1290	$1,355	$1.05	44d	1	0.56mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	44d	1	0.59mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	12d	1	0.66mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	44d	1	0.69mi
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	24d	1	0.74mi
127 Fox Hill Ct Center Point, AL	3.0	2.0	1418	$1,545	$1.09	44d	1	0.77mi
532 26th Ave NW Center Point, AL	4.0	1.0	1644	$1,250	$0.76	44d	1	0.80mi
1827 Carson Rd Unit 1 Birmingham, AL	3.0	2.5	1332	$1,125	$0.84	44d	1	0.89mi
1827 Carson Rd Unit 7 Birmingham, AL	3.0	2.5	1332	$950	$0.71	24d	1	0.89mi
1736 6th St NW Center Point, AL	4.0	2.0	1830	$1,550	$0.85	44d	1	0.96mi
1732 6th St NW Center Point, AL	3.0	1.5	1300	$1,250	$0.96	4d	1	0.97mi
1617 3rd Pl NW Center Point, AL	3.0	2.0	1404	$1,150	$0.82	24d	1	1.09mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	44d	1	1.10mi
413 20th Ct NE Center Point, AL	3.0	1.5	1540	$1,375	$0.89	44d	1	1.14mi
202 Westchester Dr Birmingham, AL	4.0	2.0	1374	$1,300	$0.95	24d	1	1.23mi
2232 6th St NE Center Point, AL	3.0	1.0	1550	$1,150	$0.74	44d	1	1.23mi
428 15th Ter NW Center Point, AL	3.0	2.0	1528	$1,795	$1.17	4d	1	1.24mi
1612 Glenwood St NW Center Point, AL	4.0	3.0	1344	$1,480	$1.10	24d	1	1.26mi
2708 7th St NE Center Point, AL	3.0	1.0	1451	$1,150	$0.79	44d	1	1.34mi
2655 6th St NE Center Point, AL	3.0	2.0	1600	$1,390	$0.87	4d	1	1.39mi
605 Country View Dr Birmingham, AL	3.0	2.0	1698	$1,560	$0.92	44d	1	1.42mi
600 20th Ct NE Center Point, AL	3.0	2.0	1878	$1,650	$0.88	24d	1	1.42mi
607 Country View Dr Birmingham, AL	4.0	2.0	1568	$1,550	$0.99	24d	1	1.43mi

Listing history 15 events

1. 2026-04-30
   soldstatus $127,500
2. 2026-04-22
   status Pending
3. 2026-04-06
   status Active
4. 2026-03-11
   status Pending
5. 2025-12-30
   price $130,000
6. 2025-12-13
   price $135,000
7. 2025-12-06
   price $140,000
8. 2025-11-01
   price $150,000
9. 2025-09-25
   listed $155,000 Active
10. 2023-02-15
    soldstatus $158,500
11. 2023-02-10
    soldstatus $158,500 Sold 449-char remark

    Show marketing remark (449 chars)

    This Beautiful home is ready for its new owners. This lovely 3BR 2BA home features beautiful hardwood floors, Updated Kitchen with new granite countertops and stainless appliances, an eat in area, a large FAMILY room with new LVP Flooring and dedicated Office/Study area. The house sits in the center of a large lot, the backyard is very spacious and fenced and includes a nice storage building. Don't miss it, this home won't be on the market long.

12. 2023-01-10
    historical Contingent 449-char remark

    Show marketing remark (449 chars)

    This Beautiful home is ready for its new owners. This lovely 3BR 2BA home features beautiful hardwood floors, Updated Kitchen with new granite countertops and stainless appliances, an eat in area, a large FAMILY room with new LVP Flooring and dedicated Office/Study area. The house sits in the center of a large lot, the backyard is very spacious and fenced and includes a nice storage building. Don't miss it, this home won't be on the market long.

13. 2023-01-03
    listed $149,900 Active 449-char remark

    Show marketing remark (449 chars)

    This Beautiful home is ready for its new owners. This lovely 3BR 2BA home features beautiful hardwood floors, Updated Kitchen with new granite countertops and stainless appliances, an eat in area, a large FAMILY room with new LVP Flooring and dedicated Office/Study area. The house sits in the center of a large lot, the backyard is very spacious and fenced and includes a nice storage building. Don't miss it, this home won't be on the market long.

14. 2022-09-23
    soldstatus $83,000
15. 2002-11-25
    soldstatus $92,000

ⓘ 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: $774 · $64/mo
• Projected year-2 tax: $774 · $64/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 7/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 20 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: $16,683
• − Mortgage interest: −$7,282
• − Property taxes: −$774
• − Insurance: −$1,448
• − Repairs & maintenance: −$1,335
• − Management: −$1,335
• − Depreciation: −$3,782
• Taxable income: $729
• Est. tax owed @ 24.0%: −$175
• After-tax cash flow: $2,603/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

+38.6% since first listed

15 events — show timeline

• 2026-04-30 Sold (Public Records) $127,500 Public Records
• 2026-04-22 Pending — Greater Alabama MLS
• 2026-04-06 Relisted — Greater Alabama MLS
• 2026-03-11 Pending — Greater Alabama MLS
• 2025-12-30 Price Changed $130,000 Greater Alabama MLS
• 2025-12-13 Price Changed $135,000 Greater Alabama MLS
• 2025-12-06 Price Changed $140,000 Greater Alabama MLS
• 2025-11-01 Price Changed $150,000 Greater Alabama MLS
• 2025-09-25 Listed $155,000 Greater Alabama MLS
• 2023-02-15 Sold (Public Records) $158,500 Public Records
• 2023-02-10 Sold (MLS) $158,500 Greater Alabama MLS
• 2023-01-10 Contingent — Greater Alabama MLS
• 2023-01-03 Listed $149,900 Greater Alabama MLS
• 2022-09-23 Sold (Public Records) $83,000 Public Records
• 2002-11-25 Sold (Public Records) $92,000 Public Records

Property tax history

+1.1%/yr

Latest (2025): $774 · +7.5% YoY. Source: county tax records.