2416 Cove Cir NE · Center Point, AL 35215

$139,900

3 bd · 2.0 ba · 1,526 sqft · SingleFamily public records · 54 Days on market

Built 1976 0.35 ac lot $92/sqft · at area comps Est $142k · at est.

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Why this score? — see what drove the C- 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 +23.2/30.0
• ARV discount +8.2/15.0
• DSCR +7.5/10.0
• 1% rule +4.9/10.0
• 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

This is a great house to make your own! Just a needs a face lift and maybe a little nip and tuck. Very functional floor plan with full basement. Priced to sell. Roof - July 2011 CH/A - 2024 Hot Water Heater - 2025 All the big ticket items have been replaced.

Key facts

• 0.35 acre lot
• Garage
• Built 1976

Property features AI

Finance

• Financial info: Fire fee of $275 yearly; Garbage fee of $55 quarterly; Down payment assistance available
• HOA & community: No association fee

Exterior

• Parking: Front garage entry; One total garage space (basement-level garage space listed); Driveway parking; Off-street parking; On-street parking
• Utilities: Public water; Septic system; Electric water heater; Internet service availability unknown
• Home design: Single-family existing construction; Basement entry/facing (front garage entry noted)
• Construction: Wood siding exterior; Concrete block foundation; Basement; Year built listed as existing
• Exterior features: Front porch; Open deck; Subdivision lot

Interior

• Kitchen: Laminate countertops; Pantry; Eating area; Built-in dishwasher; Electric oven and electric stove; Refrigerator included
• Bedrooms: Master bedroom on main level; Additional bedrooms on main level
• Flooring: Carpet; Hardwood laminate; Vinyl
• Bathrooms: Two full bathrooms; Tub/shower combo; Master bath on main level
• Heating & cooling: Central heating (gas); Central electric cooling
• Interior features: Cathedral/vaulted ceilings; Window treatments remain; One gas fireplace with brick surround, gas starter and gas logs in the great room; Full basement with both finished and unfinished areas (concrete block foundation); Attic present; Rooms include great room, dining room, kitchen, master bedroom with master bath, additional bedrooms, full bath, and den/family room
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry areas on main level and in basement; Additional laundry space in garage area and other area

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $253 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $138k (1.0% below list).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.

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 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 31% 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 $967 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 54 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; list at $140k implies a 154% gain — meaningful room to come down on a strong offer.

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 $135,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 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 1976 — 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: 0.99% ✗
• Cap rate: 8.47%
• Cash-on-cash: 7.76%
• DSCR: 1.35
• GRM: 8.4

CMA / ARV

• ARV (median comp): $142,234
• List price: $139,900
• Delta: -1.64%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2532 5th St NE	0.27mi	3/2.0	1,560 (+2%)	3mo	$190,000	$122	81
317 26th Ave NE	0.29mi	3/1.5	1,500 (-2%)	7mo	$158,500	$106	76
2316 3rd Way NE	0.21mi	3/2.0	1,665 (+9%)	5mo	$182,000	$109	70
4558 Cantebury Ln	0.48mi	3/2.0	1,470 (-4%)	4mo	$244,900	$167	68
2421 2nd St NE	0.27mi	3/2.0	1,661 (+9%)	8mo	$196,000	$118	66
613 25th Ave NE	0.30mi	3/2.0	1,400 (-8%)	7mo	$93,000	$66	66
2236 2nd Pl NE	0.43mi	3/2.0	1,392 (-9%)	3mo	$195,000	$140	63
2212 Shirley Dr	0.71mi	3/2.0	1,518 (-0%)	5mo	$199,900	$132	61
2649 6th St	0.53mi	3/2.5	1,666 (+9%)	6mo	$195,000	$117	53
401 20th Ct NE	0.62mi	3/2.0	1,655 (+8%)	8mo	$45,000	$27	51
217 22nd Ave NE	0.58mi	4/2.0 (+1)	1,327 (-13%)	7mo	$138,000	$104	40
3009 Wood Cir	0.68mi	3/2.5	1,734 (+14%)	7mo	$195,000	$112	38

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: -4.5%
• Equity multiple: 0.83×
• Total profit: $-6,537
• Equity at exit: $20,860

10-year hold

• IRR: 5.2%
• Equity multiple: 1.38×
• Total profit: $15,081
• Equity at exit: $12,096

Cash invested: $39,172 (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: 8.4×

Monthly cashflow live

• Estimated rent: $1,385 high
• Mortgage (P&I): −$734
• Tax from tax record: −$49 /mo · $582/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $253

Break-even live

Break-even rent $1,064

Max offer price $139,900

Occupancy floor 77%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	23d	1	0.26mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	3d	1	0.28mi
2708 7th St NE Center Point, AL	3.0	1.0	1451	$1,150	$0.79	43d	1	0.38mi
2245 3rd St NE Center Point, AL	3.0	1.0	1150	$1,100	$0.96	23d	1	0.39mi
2629 Wood Dr NE Center Point, AL	3.0	1.0	1203	$1,250	$1.04	43d	1	0.39mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	43d	1	0.40mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	23d	1	0.48mi
2232 6th St NE Center Point, AL	3.0	1.0	1550	$1,150	$0.74	43d	1	0.51mi
2655 6th St NE Center Point, AL	3.0	2.0	1600	$1,390	$0.87	3d	1	0.52mi
605 Country View Dr Birmingham, AL	3.0	2.0	1698	$1,560	$0.92	43d	1	0.53mi
607 Country View Dr Birmingham, AL	4.0	2.0	1568	$1,550	$0.99	23d	1	0.54mi
413 20th Ct NE Center Point, AL	3.0	1.5	1540	$1,375	$0.89	43d	1	0.65mi
127 Fox Hill Ct Center Point, AL	3.0	2.0	1418	$1,545	$1.09	43d	1	0.71mi
3309 Chase Ln Unit 3309 Birmingham, AL	2.0	2.0	1068	$1,000	$0.94	43d	1	0.77mi
600 20th Ct NE Center Point, AL	3.0	2.0	1878	$1,650	$0.88	23d	1	0.77mi
856 Parkbrook Trl Birmingham, AL	1.0–3.0	1.0–2.0	925	$1,180	$1.28	2d	10	0.84mi
2415 Ormond Dr Center Point, AL	3.0	1.5	1194	$1,295	$1.08	43d	1	0.87mi
3073 Panorama E Birmingham, AL	1.0–3.0	1.0–2.0	975	$1,275	$1.31	1d	20	0.94mi
2245 3rd St NW Center Point, AL	3.0	1.0	1156	$1,100	$0.95	23d	1	1.01mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	43d	1	1.07mi
408 Sunhill Rd NW Center Point, AL	3.0	1.5	1290	$1,355	$1.05	43d	1	1.10mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	3d	4	1.11mi
202 Westchester Dr Birmingham, AL	4.0	2.0	1374	$1,300	$0.95	23d	1	1.18mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	43d	1	1.19mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	43d	1	1.19mi
2412 4th St NW Center Point, AL	3.0	1.0	1224	$1,150	$0.94	16d	1	1.19mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	11d	1	1.19mi
2416 4th St NW Center Point, AL	4.0	2.0	1400	$1,500	$1.07	23d	1	1.19mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	14d	1	1.20mi
4464 Winchester Hills Way Birmingham, AL	3.0	2.0	1178	$1,750	$1.49	43d	1	1.24mi
4464 Winchester Hills Ln Pinson, AL	3.0	2.0	1500	$1,750	$1.17	11d	1	1.24mi
2320 5th St NW Center Point, AL	3.0	1.0	1098	$1,150	$1.05	43d	1	1.25mi
5010 Darlene Dr Pinson, AL	3.0	2.0	1914	$1,550	$0.81	23d	1	1.25mi
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	43d	1	1.26mi
1104 Oak Creek Trl NE Birmingham, AL	3.0	2.0	1233	$1,543	$1.25	2d	1	1.26mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	43d	1	1.30mi
5240 Jean Dr Pinson, AL	4.0	2.0	1714	$1,695	$0.99	43d	1	1.32mi
2613 5th St NW Center Point, AL	3.0	1.0	1170	$1,150	$0.98	11d	1	1.33mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	43d	1	1.35mi
1819 Valley Run Cir Birmingham, AL	4.0	2.5	1694	$1,761	$1.04	43d	1	1.39mi

Listing history 18 events

1. 2026-06-17
   status $139,900 Pending 54 DOM
2. 2026-06-17
   days on market $139,900 Active 54 DOM
3. 2026-06-16
   days on market $139,900 Active 53 DOM
4. 2026-06-15
   days on market $139,900 Active 52 DOM
5. 2026-06-13
   days on market $139,900 Active 50 DOM
6. 2026-06-10
   days on market $139,900 Active 47 DOM
7. 2026-06-09
   pricedays on market $139,900 Active 46 DOM
8. 2026-06-08
   days on market $159,900 Active 45 DOM
9. 2026-06-07
   days on market $159,900 Active 44 DOM
10. 2026-06-03
    days on market $159,900 Active 40 DOM
11. 2026-06-02
    days on market $159,900 Active 39 DOM
12. 2026-06-01
    days on market $159,900 Active 38 DOM
13. 2026-05-31
    days on market $159,900 Active 37 DOM
14. 2026-05-09
    status Active 261-char remark
15. 2026-04-30
    historical Contingent 261-char remark
16. 2026-04-24
    listed $159,900 Active 261-char remark
17. 1980-12-19
    soldstatus $55,000
18. 1979-11-01
    soldstatus $55,900

ⓘ 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: $582 · $49/mo
• Projected year-2 tax: $582 · $49/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 ≥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 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,615
• − Mortgage interest: −$7,837
• − Property taxes: −$582
• − Insurance: −$700
• − Repairs & maintenance: −$1,329
• − Management: −$1,329
• − Depreciation: −$4,070
• Taxable income: $768
• Est. tax owed @ 24.0%: −$184
• After-tax cash flow: $2,855/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

+150.3% since first listed

7 events — show timeline

• 2026-06-17 Pending — Greater Alabama MLS
• 2026-06-09 Price Changed $139,900 Greater Alabama MLS
• 2026-05-09 Relisted — Greater Alabama MLS
• 2026-04-30 Contingent — Greater Alabama MLS
• 2026-04-24 Listed $159,900 Greater Alabama MLS
• 1980-12-19 Sold (Public Records) $55,000 Public Records
• 1979-11-01 Sold (Public Records) $55,900 Public Records

Property tax history

+5.7%/yr

Latest (2024): $582 · +48.8% YoY. Source: county tax records.