2501 5th St NE · Center Point, AL 35215

$129,000

3 bd · 1.0 ba · 1,302 sqft · SingleFamily public records · 324 Days on market

Built 1957 0.66 ac lot $99/sqft · 21% below area Est $164k · 21% under

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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 +21.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 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

Investor Special on a Spacious Corner Lot! Excellent opportunity in Center Point for investors, rehabbers, or those looking for their next renovation project. This 3 bedroom, 1 bathroom home sits on a generous . 66-acre corner lot and features a large fenced backyard and spacious back deck—perfect for future entertaining space or rental appeal. The layout offers solid bones with plenty of potential to add value. Key updates include a septic tank that was cleaned and inspected in May 2025, an HVAC system just 1 year and 8 months old, and a roof approximately 13 years old. Located close to shopping, dining, and local amenities, this property is a prime candidate for a flip, rental, or resale after improvements. Don’t miss out on this value-packed opportunity!

Key facts

• Roof
• Septic tank
• Back deck

Tags

• CORNER LOT
• FENCED BACKYARD
• BACK DECK
• SEPTIC TANK
• HVAC SYSTEM
• ROOF

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $200 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $129k).
• Recommended offer: $114k (12.0% 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, schools F, amenities 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.
• Market conditions: Rents rising (+3.0%/yr); 333 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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 $892 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 324 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $16k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $74k; list at $129k implies a 74% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 324 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 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.07% ✓
• Cap rate: 8.15%
• Cash-on-cash: 6.64%
• DSCR: 1.30
• GRM: 7.8

CMA / ARV

• ARV (median comp): $163,577
• List price: $129,000
• Delta: -21.14%
• 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
601 23rd Ave NE	0.19mi	3/1.0	1,186 (-9%)	1mo	$79,500	$67	75
613 25th Ave NE	0.11mi	3/2.0	1,400 (+8%)	8mo	$93,000	$66	72
2276 4th Place Cir NE	0.32mi	3/1.5	1,334 (+2%)	9mo	$170,000	$127	72
2617 NE 6th St	0.30mi	3/2.0	1,172 (-10%)	3mo	$180,000	$154	62
2352 3rd Way NE	0.33mi	3/1.5	1,167 (-10%)	4mo	$103,000	$88	62
4558 Cantebury Ln	0.27mi	3/2.0	1,470 (+13%)	4mo	$244,900	$167	58
912 Windover Rd	0.51mi	3/2.0	1,247 (-4%)	9mo	$105,000	$84	58
2105 5th St NE	0.57mi	3/2.0	1,232 (-5%)	7mo	$183,500	$149	55
2236 2nd Pl NE	0.61mi	3/2.0	1,392 (+7%)	3mo	$195,000	$140	54
2245 3rd St NE	0.52mi	3/1.0	1,150 (-12%)	5mo	$88,000	$77	52
217 22nd Ave NE	0.73mi	4/2.0 (+1)	1,327 (+2%)	7mo	$138,000	$104	48
516 20th Ct NE	0.64mi	4/2.0 (+1)	1,224 (-6%)	10mo	$173,500	$142	43

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: -6.0%
• Equity multiple: 0.78×
• Total profit: $-8,099
• Equity at exit: $19,234

10-year hold

• IRR: 3.7%
• Equity multiple: 1.27×
• Total profit: $9,650
• Equity at exit: $11,154

Cash invested: $36,120 (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: 7.8×

Monthly cashflow live

• Estimated rent: $1,381 high
• Mortgage (P&I): −$676
• Tax est. 1.5%: −$161 /mo · $1,935/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $200

Break-even live

Break-even rent $1,128

Max offer price $129,000

Occupancy floor 81%

Sensitivity live

Price	-10% $289	-5% $244	+0% $200	+5% $155	+10% $111
Rent	-10% $91	-5% $145	+0% $200	+5% $254	+10% $309
Rate	-1.0pp $265	-0.5pp $233	base $200	+0.5pp $166	+1.0pp $132

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2708 7th St NE Center Point, AL	3.0	1.0	1451	$1,150	$0.79	45d	1	0.23mi
2537 3rd St NE Center Point, AL	3.0	2.0	1040	$1,350	$1.30	25d	1	0.35mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	4d	1	0.39mi
2655 6th St NE Center Point, AL	3.0	2.0	1600	$1,390	$0.87	4d	1	0.42mi
605 Country View Dr Birmingham, AL	3.0	2.0	1698	$1,560	$0.92	45d	1	0.42mi
607 Country View Dr Birmingham, AL	4.0	2.0	1568	$1,550	$0.99	25d	1	0.42mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	45d	1	0.43mi
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	25d	1	0.44mi
2629 Wood Dr NE Center Point, AL	3.0	1.0	1203	$1,250	$1.04	45d	1	0.48mi
2232 6th St NE Center Point, AL	3.0	1.0	1550	$1,150	$0.74	45d	1	0.50mi
2245 3rd St NE Center Point, AL	3.0	1.0	1150	$1,100	$0.96	25d	1	0.54mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	25d	1	0.62mi
413 20th Ct NE Center Point, AL	3.0	1.5	1540	$1,375	$0.89	45d	1	0.70mi
2415 Ormond Dr Center Point, AL	3.0	1.5	1194	$1,295	$1.08	45d	1	0.70mi
3309 Chase Ln Unit 3309 Birmingham, AL	2.0	2.0	1068	$1,000	$0.94	45d	1	0.78mi
509 20th Ave NE Center Point, AL	3.0	1.5	1008	$1,200	$1.19	25d	1	0.78mi
856 Parkbrook Trl Birmingham, AL	1.0–3.0	1.0–2.0	925	$1,180	$1.28	3d	10	0.80mi
109 24th Ave NW Center Point, AL	3.0	1.5	1023	$1,215	$1.19	45d	1	0.82mi
127 Fox Hill Ct Center Point, AL	3.0	2.0	1418	$1,545	$1.09	45d	1	0.83mi
2318 Raintree Ct Center Point, AL	2.0	1.0	975	$1,100	$1.13	4d	2	0.90mi
3073 Panorama E Birmingham, AL	1.0–3.0	1.0–2.0	975	$1,275	$1.31	3d	20	0.94mi
4464 Winchester Hills Way Birmingham, AL	3.0	2.0	1178	$1,750	$1.49	45d	1	1.08mi
4464 Winchester Hills Ln Pinson, AL	3.0	2.0	1500	$1,750	$1.17	12d	1	1.08mi
1104 Oak Creek Trl NE Birmingham, AL	3.0	2.0	1233	$1,543	$1.25	3d	1	1.12mi
5240 Jean Dr Pinson, AL	4.0	2.0	1714	$1,695	$0.99	45d	1	1.14mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	45d	1	1.16mi
2245 3rd St NW Center Point, AL	3.0	1.0	1156	$1,100	$0.95	25d	1	1.19mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	15d	1	1.21mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	45d	1	1.26mi
202 Westchester Dr Birmingham, AL	4.0	2.0	1374	$1,300	$0.95	25d	1	1.26mi
408 Sunhill Rd NW Center Point, AL	3.0	1.5	1290	$1,355	$1.05	45d	1	1.26mi
5140 Hickory Dr NE Pinson, AL	3.0	1.5	1518	$1,465	$0.97	22d	1	1.26mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	4d	4	1.27mi
1814 Valley Run Cir Birmingham, AL	3.0	1.0	1025	$1,350	$1.32	45d	1	1.28mi
232 Glenvalley Ln NW Birmingham, AL	4.0	2.0	954	$1,610	$1.69	4d	1	1.29mi
1819 Valley Run Cir Birmingham, AL	4.0	2.5	1694	$1,761	$1.04	45d	1	1.30mi
2323 4th St NW Center Point, AL	3.0	1.0	1038	$1,305	$1.26	4d	1	1.31mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	45d	1	1.35mi
1817 Lyle Dr Birmingham, AL	4.0	2.0	1361	$1,605	$1.18	25d	1	1.35mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	12d	1	1.35mi

Listing history 23 events

1. 2026-06-18
   days on market $129,000 Active 324 DOM
2. 2026-06-17
   days on market $129,000 Active 323 DOM
3. 2026-06-16
   days on market $129,000 Active 322 DOM
4. 2026-06-15
   days on market $129,000 Active 321 DOM
5. 2026-06-13
   days on market $129,000 Active 319 DOM
6. 2026-06-10
   days on market $129,000 Active 316 DOM
7. 2026-06-09
   days on market $129,000 Active 315 DOM
8. 2026-06-08
   days on market $129,000 Active 314 DOM
9. 2026-06-07
   days on market $129,000 Active 313 DOM
10. 2026-06-03
    days on market $129,000 Active 309 DOM
11. 2026-06-02
    days on market $129,000 Active 308 DOM
12. 2026-06-01
    days on market $129,000 Active 307 DOM
13. 2026-05-31
    days on market $129,000 Active 306 DOM
14. 2026-01-03
    price $129,000 779-char remark

    Show marketing remark (779 chars)

    Investor Special on a Spacious Corner Lot! Excellent opportunity in Center Point for investors, rehabbers, or those looking for their next renovation project. This 3 bedroom, 1 bathroom home sits on a generous . 66-acre corner lot and features a large fenced backyard and spacious back deck—perfect for future entertaining space or rental appeal. The layout offers solid bones with plenty of potential to add value. Key updates include a septic tank that was cleaned and inspected in May 2025, an HVAC system just 1 year and 8 months old, and a roof approximately 13 years old. Located close to shopping, dining, and local amenities, this property is a prime candidate for a flip, rental, or resale after improvements. Don’t miss out on this value-packed opportunity!

15. 2025-10-02
    price $135,000 779-char remark

    Show marketing remark (779 chars)

    Investor Special on a Spacious Corner Lot! Excellent opportunity in Center Point for investors, rehabbers, or those looking for their next renovation project. This 3 bedroom, 1 bathroom home sits on a generous . 66-acre corner lot and features a large fenced backyard and spacious back deck—perfect for future entertaining space or rental appeal. The layout offers solid bones with plenty of potential to add value. Key updates include a septic tank that was cleaned and inspected in May 2025, an HVAC system just 1 year and 8 months old, and a roof approximately 13 years old. Located close to shopping, dining, and local amenities, this property is a prime candidate for a flip, rental, or resale after improvements. Don’t miss out on this value-packed opportunity!

16. 2025-07-29
    listed $145,000 Active 779-char remark

    Show marketing remark (779 chars)

    Investor Special on a Spacious Corner Lot! Excellent opportunity in Center Point for investors, rehabbers, or those looking for their next renovation project. This 3 bedroom, 1 bathroom home sits on a generous . 66-acre corner lot and features a large fenced backyard and spacious back deck—perfect for future entertaining space or rental appeal. The layout offers solid bones with plenty of potential to add value. Key updates include a septic tank that was cleaned and inspected in May 2025, an HVAC system just 1 year and 8 months old, and a roof approximately 13 years old. Located close to shopping, dining, and local amenities, this property is a prime candidate for a flip, rental, or resale after improvements. Don’t miss out on this value-packed opportunity!

17. 2015-10-13
    soldstatus $74,000
18. 2015-10-09
    soldstatus $74,000 416-char remark

    Show marketing remark (416 chars)

    A MASTER PIECE. THIS IS THE HOME THAT YOU ALWAYS DREAMED OFF. STRAIGHT OUT OF HOMES ILLUSTRATED. Enjoy your patio and porch with a view that is breath taking. Live in the country and have city convenience. A great yard with a privacy fence and a wonderful garden spot. A great place to invite your friends over and cook out with a breath taking scenery. Your friends will envoy your new home. A complete work of art.

19. 2015-09-22
    historical 416-char remark

    Show marketing remark (416 chars)

    A MASTER PIECE. THIS IS THE HOME THAT YOU ALWAYS DREAMED OFF. STRAIGHT OUT OF HOMES ILLUSTRATED. Enjoy your patio and porch with a view that is breath taking. Live in the country and have city convenience. A great yard with a privacy fence and a wonderful garden spot. A great place to invite your friends over and cook out with a breath taking scenery. Your friends will envoy your new home. A complete work of art.

20. 2015-03-09
    listed $79,500 416-char remark

    Show marketing remark (416 chars)

    A MASTER PIECE. THIS IS THE HOME THAT YOU ALWAYS DREAMED OFF. STRAIGHT OUT OF HOMES ILLUSTRATED. Enjoy your patio and porch with a view that is breath taking. Live in the country and have city convenience. A great yard with a privacy fence and a wonderful garden spot. A great place to invite your friends over and cook out with a breath taking scenery. Your friends will envoy your new home. A complete work of art.

21. 2004-04-07
    soldstatus $65,000
22. 1999-12-30
    soldstatus $68,900
23. 1995-11-01
    soldstatus $62,900

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

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 · 18 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: $16,577
• − Mortgage interest: −$7,226
• − Property taxes: −$1,935
• − Insurance: −$645
• − Repairs & maintenance: −$1,326
• − Management: −$1,326
• − Depreciation: −$3,753
• Taxable income: $366
• Est. tax owed @ 24.0%: −$88
• After-tax cash flow: $2,310/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

+105.1% since first listed

10 events — show timeline

• 2026-01-03 Price Changed $129,000 Greater Alabama MLS
• 2025-10-02 Price Changed $135,000 Greater Alabama MLS
• 2025-07-29 Listed $145,000 Greater Alabama MLS
• 2015-10-13 Sold (Public Records) $74,000 Public Records
• 2015-10-09 Sold (MLS) $74,000 Greater Alabama MLS
• 2015-09-22 Delisted — Greater Alabama MLS
• 2015-03-09 Listed $79,500 Greater Alabama MLS
• 2004-04-07 Sold (Public Records) $65,000 Public Records
• 1999-12-30 Sold (Public Records) $68,900 Public Records
• 1995-11-01 Sold (Public Records) $62,900 Public Records

Property tax history

-6.3%/yr

Latest (2019): $236 · +37.3% YoY. Source: county tax records.