1660 3rd St NW · Center Point, AL 35215

$120,750

4 bd · 2.5 ba · 2,448 sqft · SingleFamily public records · 16 Days on market

Built 1965 0.43 ac lot Est $218k · 45% 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 +29.6/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• 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

A majestic home home situated on a corner lot.

Key facts

• Downstairs den
• Finished basement
• 0.43 acre lot

Tags

• FINISHED BASEMENT
• DOWNSTAIRS DEN
• FORMAL LIVING DINING ROOM

Property features AI

Finance

• Financial info: Annual fire fee of $250

Exterior

• Parking: Side garage entry; Basement parking; One total garage space (located in basement)
• Utilities: Public water; Septic sewer; Gas water heater; Underground utilities; Internet availability unknown
• Home design: Four-sided brick construction; Existing home; Basement foundation; Daylight basement with both finished and unfinished areas
• Construction: 4-side brick construction
• Exterior features: Covered patio; Covered deck; No pool; No waterfront

Interior

• Kitchen: Laminate countertops; Built-in dishwasher
• Bedrooms: Multiple bedrooms on main level; Additional bedrooms in the daylight basement
• Flooring: Hardwood; Vinyl
• Bathrooms: Two full bathrooms; One half bathroom; Tub/shower combo; Linen closet
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Split foyer entry; Handyman special; Brick fireplace in the den (woodburning)
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $121k.

Deal economics

• At list price, monthly cash flow is $434 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $121k).
• Recommended offer: $119k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 7.2% 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); Erwin Middle School (math 2% / reading 17%, grade F, #233 of 257 statewide, top 91%, 617 students, 94% FRL); Center Point High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 774 students, 91% FRL) — zoned schools average 89% FRL vs 49% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 6% at this address vs 20% district-wide (-14 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); 336 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d 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 34% 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 $834 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y 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 $118,938 (1.5% below list)

Questions for the listing agent

1. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.25% ✓
• Cap rate: 10.61%
• Cash-on-cash: 15.41%
• DSCR: 1.69
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $217,872
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1636 2nd St	0.18mi	4/2.5	2,303 (-6%)	18mo	$234,000	$102	66
541 16th Ter NW	0.49mi	4/2.5	2,316 (-5%)	2mo	$160,000	$69	66
213 16th Ave NW	0.32mi	4/2.0	2,578 (+5%)	22mo	$220,000	$85	56
1640 2nd St NW	0.17mi	4/2.0	2,794 (+14%)	20mo	$190,000	$68	50
1629 NW 5th Way	0.45mi	5/2.0 (+1)	2,213 (-10%)	10mo	$202,000	$91	48
460 Tupelo Way	0.61mi	4/3.0	2,624 (+7%)	18mo	$234,500	$89	43
1839 6th St NW	0.66mi	4/3.0	2,088 (-15%)	7mo	$257,000	$123	37
1664 6th Pl NW	0.57mi	4/2.0	2,090 (-15%)	16mo	$175,000	$84	34
1356 Glenwood St NW	0.72mi	4/2.0	2,104 (-14%)	17mo	$214,000	$102	27

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: 6.2%
• Equity multiple: 1.24×
• Total profit: $8,120
• Equity at exit: $18,004

10-year hold

• IRR: 15.6%
• Equity multiple: 2.27×
• Total profit: $42,825
• Equity at exit: $10,440

Cash invested: $33,810 (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: 336
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,508 high
• Mortgage (P&I): −$633
• Tax from tax record: −$74 /mo · $886/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $434

Break-even live

Break-even rent $959

Max offer price $120,750

Occupancy floor 66%

Sensitivity live

Price	-10% $502	-5% $468	+0% $434	+5% $400	+10% $366
Rent	-10% $315	-5% $375	+0% $434	+5% $494	+10% $553
Rate	-1.0pp $495	-0.5pp $465	base $434	+0.5pp $403	+1.0pp $371

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: $30,188
• Closing costs: $3,622
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1736 6th St NW Center Point, AL	4.0	2.0	1830	$1,550	$0.85	45d	1	0.53mi
457 Tupelo Way Center Point, AL	3.0	1.0	1658	$995	$0.60	23d	1	0.57mi
236 E Haven Dr Birmingham, AL	3.0	1.5	1926	$1,495	$0.78	13d	1	0.90mi
1317 Hatfield Ln Birmingham, AL	3.0	1.5	2028	$1,300	$0.64	25d	1	0.93mi
1259 Huffman Rd Center Point, AL	3.0	2.0	1662	$1,556	$0.94	45d	1	0.99mi
1177 Five Mile Rd Birmingham, AL	3.0	2.0	1636	$1,100	$0.67	45d	1	1.34mi

Listing history 11 events

1. 2026-06-22
   days on market $120,750 Active 16 DOM
2. 2026-06-18
   days on market $120,750 Active 13 DOM
3. 2026-06-17
   days on market $120,750 Active 12 DOM
4. 2026-06-16
   days on market $120,750 Active 11 DOM
5. 2026-06-15
   days on market $120,750 Active 10 DOM
6. 2026-06-13
   days on market $120,750 Active 8 DOM
7. 2026-06-10
   days on market $120,750 Active 5 DOM
8. 2026-06-09
   days on market $120,750 Active 4 DOM
9. 2026-06-08
   days on market $120,750 Active 3 DOM
10. 2026-06-07
    remarks 387-char remark
11. 2026-06-07
    listed $120,750 Active 2 DOM

ⓘ 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: $886 · $74/mo
• Projected year-2 tax: $886 · $74/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 ≥106°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: $18,099
• − Mortgage interest: −$6,764
• − Property taxes: −$886
• − Insurance: −$604
• − Repairs & maintenance: −$1,448
• − Management: −$1,448
• − Depreciation: −$3,513
• Taxable income: $3,437
• Est. tax owed @ 24.0%: −$825
• After-tax cash flow: $4,385/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

+9.9% since first listed

12 events — show timeline

• 2026-06-05 Listed $120,750 Greater Alabama MLS
• 2018-10-11 Sold (Public Records) $110,007 Public Records
• 2018-09-28 Sold (MLS) $110,000 Greater Alabama MLS
• 2018-09-26 Delisted — Greater Alabama MLS
• 2018-08-08 Contingent — Greater Alabama MLS
• 2018-06-26 Relisted — Greater Alabama MLS
• 2018-06-20 Contingent — Greater Alabama MLS
• 2018-06-14 Relisted — Greater Alabama MLS
• 2018-05-23 Contingent — Greater Alabama MLS
• 2018-05-11 Relisted — Greater Alabama MLS
• 2018-03-29 Contingent — Greater Alabama MLS
• 2018-03-21 Listed $109,900 Greater Alabama MLS

Property tax history

+5.2%/yr

Latest (2025): $886 · +7.3% YoY. Source: county tax records.