2316 3rd St · Center Point, AL 35215

$100,000

3 bd · 2.0 ba · 1,445 sqft · SingleFamily public records · 65 Days on market

Built 1958 0.35 ac lot $69/sqft · 26% below area Est $135k · 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• 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

Nice single-family residence offering approximately 1,445 sq ft with 3 bedrooms and 2 full baths on a spacious 0.35-acre lot. Built in 1958, this home features a comfortable layout, forced air heating, central cooling, and a carport. Conveniently located near shopping and local amenities. Great opportunity for homeowners or investors, with potential rental income. Buyer to verify all information. Receivership property being sold as-is.

Key facts

• 0.35 acre lot
• Built 1958
• Listed 65 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $373 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 7.3% 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, 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); 334 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); 48% 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 30% 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 $691 of loan paydown is wiped out by about $3k 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 $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $68k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1958 — 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 $94,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% 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. 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: 1.33% ✓
• Cap rate: 10.77%
• Cash-on-cash: 16.00%
• DSCR: 1.71
• GRM: 6.3

CMA / ARV

• ARV (median comp): $135,299
• List price: $100,000
• Delta: -26.09%
• 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
2236 2nd Pl NE	0.20mi	3/2.0	1,392 (-4%)	3mo	$195,000	$140	82
613 25th Ave NE	0.52mi	3/2.0	1,400 (-3%)	8mo	$93,000	$66	64
317 26th Ave NE	0.49mi	3/1.5	1,500 (+4%)	7mo	$158,500	$106	63
2532 5th St NE	0.52mi	3/2.0	1,560 (+8%)	3mo	$190,000	$122	60
4558 Cantebury Ln	0.72mi	3/2.0	1,470 (+2%)	4mo	$244,900	$167	60
217 22nd Ave NE	0.37mi	4/2.0 (+1)	1,327 (-8%)	7mo	$138,000	$104	58
2421 2nd St NE	0.26mi	3/2.0	1,661 (+15%)	8mo	$196,000	$118	57
2505 2nd St NW	0.64mi	3/1.0	1,386 (-4%)	7mo	$134,500	$97	53
401 20th Ct NE	0.54mi	3/2.0	1,655 (+14%)	8mo	$45,000	$27	44
2105 5th St NE	0.56mi	3/2.0	1,232 (-15%)	7mo	$183,500	$149	44
217 23rd Ter NW	0.67mi	3/1.5	1,232 (-15%)	4mo	$86,000	$70	39
5 21st Ct NW	0.55mi	2/1.0 (-1)	1,245 (-14%)	6mo	$52,000	$42	37

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: 7.0%
• Equity multiple: 1.27×
• Total profit: $7,642
• Equity at exit: $14,910

10-year hold

• IRR: 16.4%
• Equity multiple: 2.34×
• Total profit: $37,543
• Equity at exit: $8,646

Cash invested: $28,000 (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: 6.3×

Monthly cashflow live

• Estimated rent: $1,330 high
• Mortgage (P&I): −$524
• Tax from tax record: −$111 /mo · $1,331/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $373

Break-even live

Break-even rent $857

Max offer price $100,000

Occupancy floor 67%

Sensitivity live

Price	-10% $430	-5% $402	+0% $373	+5% $345	+10% $317
Rent	-10% $268	-5% $321	+0% $373	+5% $426	+10% $478
Rate	-1.0pp $424	-0.5pp $399	base $373	+0.5pp $347	+1.0pp $321

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: $25,000
• Closing costs: $3,000
• 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	24d	1	0.05mi
2245 3rd St NE Center Point, AL	3.0	1.0	1150	$1,100	$0.96	24d	1	0.15mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	4d	1	0.23mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	24d	1	0.24mi
2318 Raintree Ct Center Point, AL	2.0	1.0	975	$1,100	$1.13	3d	2	0.43mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	44d	1	0.43mi
109 24th Ave NW Center Point, AL	3.0	1.5	1023	$1,215	$1.19	44d	1	0.44mi
2537 3rd St NE Center Point, AL	3.0	2.0	1040	$1,350	$1.30	24d	1	0.47mi
2629 Wood Dr NE Center Point, AL	3.0	1.0	1203	$1,250	$1.04	44d	1	0.51mi
2232 6th St NE Center Point, AL	3.0	1.0	1550	$1,150	$0.74	44d	1	0.57mi
413 20th Ct NE Center Point, AL	3.0	1.5	1540	$1,375	$0.89	44d	1	0.59mi
127 Fox Hill Ct Center Point, AL	3.0	2.0	1418	$1,545	$1.09	44d	1	0.68mi
2708 7th St NE Center Point, AL	3.0	1.0	1451	$1,150	$0.79	44d	1	0.69mi
509 20th Ave NE Center Point, AL	3.0	1.5	1008	$1,200	$1.19	24d	1	0.72mi
2245 3rd St NW Center Point, AL	3.0	1.0	1156	$1,100	$0.95	24d	1	0.73mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	44d	1	0.80mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	4d	4	0.80mi
2655 6th St NE Center Point, AL	3.0	2.0	1600	$1,390	$0.87	4d	1	0.81mi
605 Country View Dr Birmingham, AL	3.0	2.0	1698	$1,560	$0.92	44d	1	0.83mi
607 Country View Dr Birmingham, AL	4.0	2.0	1568	$1,550	$0.99	24d	1	0.84mi
2323 4th St NW Center Point, AL	3.0	1.0	1038	$1,305	$1.26	4d	1	0.88mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	44d	1	0.88mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	12d	1	0.89mi
856 Parkbrook Trl Birmingham, AL	1.0–3.0	1.0–2.0	925	$1,180	$1.28	3d	10	0.90mi
3309 Chase Ln Unit 3309 Birmingham, AL	2.0	2.0	1068	$1,000	$0.94	44d	1	0.94mi
408 Sunhill Rd NW Center Point, AL	3.0	1.5	1290	$1,355	$1.05	44d	1	0.94mi
2412 4th St NW Center Point, AL	3.0	1.0	1224	$1,150	$0.94	17d	1	0.99mi
2320 5th St NW Center Point, AL	3.0	1.0	1098	$1,150	$1.05	44d	1	1.00mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	44d	1	1.00mi
2416 4th St NW Center Point, AL	4.0	2.0	1400	$1,500	$1.07	24d	1	1.00mi
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	44d	1	1.02mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	44d	1	1.04mi
3073 Panorama E Birmingham, AL	1.0–3.0	1.0–2.0	975	$1,275	$1.31	2d	20	1.10mi
2415 Ormond Dr Center Point, AL	3.0	1.5	1194	$1,295	$1.08	44d	1	1.11mi
457 Tupelo Way Center Point, AL	3.0	1.0	1658	$995	$0.60	22d	1	1.11mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	15d	1	1.14mi
2613 5th St NW Center Point, AL	3.0	1.0	1170	$1,150	$0.98	12d	1	1.19mi
405 18th Ave NW Center Point, AL	3.0	2.0	1162	$1,299	$1.12	44d	1	1.20mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	44d	1	1.20mi
232 Glenvalley Ln NW Birmingham, AL	4.0	2.0	954	$1,610	$1.69	4d	1	1.20mi

Listing history 9 events

1. 2026-06-07
   statusdays on market $100,000 Pending 65 DOM
2. 2026-06-03
   days on market $100,000 Active 64 DOM
3. 2026-06-02
   days on market $100,000 Active 63 DOM
4. 2026-06-01
   days on market $100,000 Active 62 DOM
5. 2026-05-31
   days on market $100,000 Active 61 DOM
6. 2026-03-30
   listed $100,000 Active 439-char remark

   Show marketing remark (439 chars)

   Nice single-family residence offering approximately 1,445 sq ft with 3 bedrooms and 2 full baths on a spacious 0.35-acre lot. Built in 1958, this home features a comfortable layout, forced air heating, central cooling, and a carport. Conveniently located near shopping and local amenities. Great opportunity for homeowners or investors, with potential rental income. Buyer to verify all information. Receivership property being sold as-is.

7. 2026-02-03
   price $100,000
8. 1999-05-03
   soldstatus $68,500
9. 1991-06-05
   soldstatus $57,000

ⓘ 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: $1,331 · $111/mo
• Projected year-2 tax: $1,331 · $111/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 2/10 Low
• 🌡 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 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,955
• − Mortgage interest: −$5,602
• − Property taxes: −$1,331
• − Insurance: −$500
• − Repairs & maintenance: −$1,276
• − Management: −$1,276
• − Depreciation: −$2,909
• Taxable income: $3,061
• Est. tax owed @ 24.0%: −$735
• After-tax cash flow: $3,746/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

+75.4% since first listed

4 events — show timeline

• 2026-03-30 Listed $100,000 Greater Alabama MLS
• 2026-02-03 Price Changed $100,000 Greater Alabama MLS
• 1999-05-03 Sold (Public Records) $68,500 Public Records
• 1991-06-05 Sold (Public Records) $57,000 Public Records

Property tax history

+12.8%/yr

Latest (2025): $1,331 · +7.0% YoY. Source: county tax records.