2628 NE 1st St NE · Center Point, AL 35215

$154,900

3 bd · 2.0 ba · 2,077 sqft · SingleFamily public records · 309 Days on market

Built 1956 0.49 ac lot $75/sqft · 30% below area Est $220k · 30% 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 +20.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.3/10.0
• 1% rule +4.7/10.0
• 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

Welcome to this inviting 3-bedroom, 2 full bath home featuring a one-car garage and a fully finished basement. Enjoy the beautiful hardwood floors and granite countertops in the kitchen, complemented by a brand-new dishwasher. Step out from the kitchen to a spacious deck—perfect for relaxing or entertaining. The home sits on a large backyard complete with a storage shed, offering plenty of space for outdoor activities. Septic system was recently cleaned (6/2025) for peace of mind.

Key facts

• Large backyard
• Spacious deck
• Storage shed

Tags

• HARDWOOD FLOORS
• GRANITE COUNTERTOPS
• FULLY FINISHED BASEMENT
• SPACIOUS DECK
• LARGE BACKYARD
• STORAGE SHED

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $190 ($2k/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 $151k (2.8% below list).
• Recommended offer: $136k (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); 334 active listings in the ZIP; 20 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 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 $1k of loan paydown is wiped out by about $5k 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 309 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $92k; list at $155k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — 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 $136,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 309 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 1956 — 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: 0.97% ✗
• Cap rate: 7.77%
• Cash-on-cash: 5.26%
• DSCR: 1.23
• GRM: 8.6

CMA / ARV

• ARV (median comp): $219,933
• List price: $154,900
• Delta: -29.57%
• 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
3042 Wood Cir	0.30mi	3/2.5	2,210 (+6%)	12mo	$239,000	$108	63
113 Fox Hill Dr	0.31mi	3/2.0	1,892 (-9%)	9mo	$200,000	$106	63
328 Sunhill Rd NW	0.73mi	3/2.0	2,020 (-3%)	2mo	$160,000	$79	60
309 26th Ave NE	0.26mi	3/1.0	1,845 (-11%)	9mo	$143,500	$78	58
307 35th Ave NE	0.68mi	3/2.0	2,251 (+8%)	3mo	$189,000	$84	52
3107 3rd Way NE	0.53mi	4/3.0 (+1)	2,289 (+10%)	2mo	$195,000	$85	47
2805 NE 7th St	0.63mi	3/2.0	1,910 (-8%)	13mo	$170,000	$89	46
2529 5th St	0.53mi	4/2.0 (+1)	1,766 (-15%)	4mo	$215,000	$122	42
2315 4th Pl NE	0.65mi	4/2.0 (+1)	2,339 (+13%)	11mo	$219,900	$94	35
2735 NE 6th St	0.66mi	4/3.0 (+1)	1,875 (-10%)	12mo	$215,000	$115	33
2926 2nd Pl NW	0.70mi	4/2.5 (+1)	1,818 (-12%)	9mo	$225,000	$124	32
2838 Micmac Dr	0.72mi	4/2.0 (+1)	1,780 (-14%)	12mo	$126,000	$71	28

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: -8.1%
• Equity multiple: 0.70×
• Total profit: $-12,958
• Equity at exit: $23,096

10-year hold

• IRR: 1.5%
• Equity multiple: 1.10×
• Total profit: $4,465
• Equity at exit: $13,393

Cash invested: $43,372 (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: 8.6×

Monthly cashflow live

• Estimated rent: $1,506 high
• Mortgage (P&I): −$812
• Tax from tax record: −$123 /mo · $1,472/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $190

Break-even live

Break-even rent $1,265

Max offer price $154,900

Occupancy floor 82%

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
127 Fox Hill Ct Center Point, AL	3.0	2.0	1418	$1,545	$1.09	43d	1	0.26mi
2655 6th St NE Center Point, AL	3.0	2.0	1600	$1,390	$0.87	2d	1	0.56mi
605 Country View Dr Birmingham, AL	3.0	2.0	1698	$1,560	$0.92	43d	1	0.59mi
607 Country View Dr Birmingham, AL	4.0	2.0	1568	$1,550	$0.99	23d	1	0.60mi
2708 7th St NE Center Point, AL	3.0	1.0	1451	$1,150	$0.79	43d	1	0.61mi
428 26th Ave NW Center Point, AL	4.0	3.0	2796	$1,575	$0.56	43d	1	0.87mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	43d	1	0.87mi
2416 4th St NW Center Point, AL	4.0	2.0	1400	$1,500	$1.07	23d	1	0.89mi
2232 6th St NE Center Point, AL	3.0	1.0	1550	$1,150	$0.74	43d	1	1.00mi
3814 Mars Ave Center Point, AL	4.0	2.0	2063	$1,890	$0.92	43d	1	1.08mi
532 26th Ave NW Center Point, AL	4.0	1.0	1644	$1,250	$0.76	43d	1	1.09mi
340 40th Ave NE Center Point, AL	3.0	2.0	2007	$1,650	$0.82	15d	1	1.10mi
413 20th Ct NE Center Point, AL	3.0	1.5	1540	$1,375	$0.89	43d	1	1.11mi
600 20th Ct NE Center Point, AL	3.0	2.0	1878	$1,650	$0.88	23d	1	1.25mi
5992 Princess Blvd Birmingham, AL	3.0	2.0	1454	$1,661	$1.14	43d	1	1.26mi
4464 Winchester Hills Ln Pinson, AL	3.0	2.0	1500	$1,750	$1.17	11d	1	1.30mi
212 Saint John Dr NW Birmingham, AL	2.0	2.0	1445	$1,423	$0.98	14d	1	1.36mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	11d	1	1.36mi
457 Tupelo Way Center Point, AL	3.0	1.0	1658	$995	$0.60	21d	1	1.39mi
345 Saint John Rd NW Birmingham, AL	3.0	2.0	2142	$1,731	$0.81	2d	1	1.44mi

Listing history 22 events

1. 2026-06-18
   days on market $154,900 Active 309 DOM
2. 2026-06-17
   days on market $154,900 Active 308 DOM
3. 2026-06-16
   days on market $154,900 Active 307 DOM
4. 2026-06-15
   days on market $154,900 Active 306 DOM
5. 2026-06-13
   days on market $154,900 Active 304 DOM
6. 2026-06-10
   days on market $154,900 Active 301 DOM
7. 2026-06-09
   days on market $154,900 Active 300 DOM
8. 2026-06-08
   days on market $154,900 Active 299 DOM
9. 2026-06-07
   days on market $154,900 Active 298 DOM
10. 2026-06-03
    days on market $154,900 Active 294 DOM
11. 2026-06-02
    days on market $154,900 Active 293 DOM
12. 2026-06-01
    days on market $154,900 Active 292 DOM
13. 2026-05-31
    days on market $154,900 Active 291 DOM
14. 2025-10-15
    price $154,900 491-char remark

    Show marketing remark (491 chars)

    Welcome to this inviting 3-bedroom, 2 full bath home featuring a one-car garage and a fully finished basement. Enjoy the beautiful hardwood floors and granite countertops in the kitchen, complemented by a brand-new dishwasher. Step out from the kitchen to a spacious deck—perfect for relaxing or entertaining. The home sits on a large backyard complete with a storage shed, offering plenty of space for outdoor activities. Septic system was recently cleaned (6/2025) for peace of mind.

15. 2025-09-01
    price $159,900 491-char remark

    Show marketing remark (491 chars)

    Welcome to this inviting 3-bedroom, 2 full bath home featuring a one-car garage and a fully finished basement. Enjoy the beautiful hardwood floors and granite countertops in the kitchen, complemented by a brand-new dishwasher. Step out from the kitchen to a spacious deck—perfect for relaxing or entertaining. The home sits on a large backyard complete with a storage shed, offering plenty of space for outdoor activities. Septic system was recently cleaned (6/2025) for peace of mind.

16. 2025-08-13
    listed $165,000 Active 491-char remark

    Show marketing remark (491 chars)

    Welcome to this inviting 3-bedroom, 2 full bath home featuring a one-car garage and a fully finished basement. Enjoy the beautiful hardwood floors and granite countertops in the kitchen, complemented by a brand-new dishwasher. Step out from the kitchen to a spacious deck—perfect for relaxing or entertaining. The home sits on a large backyard complete with a storage shed, offering plenty of space for outdoor activities. Septic system was recently cleaned (6/2025) for peace of mind.

17. 2022-07-03
    price $1,195
18. 2021-03-09
    soldstatus $92,500
19. 2020-07-21
    soldstatus $50,000
20. 2020-07-21
    soldstatus $60,000
21. 1996-10-04
    soldstatus $50,000
22. 1984-08-22
    soldstatus $44,700

ⓘ 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: $1,472 · $123/mo
• Projected year-2 tax: $1,472 · $123/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 · 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: $18,069
• − Mortgage interest: −$8,677
• − Property taxes: −$1,472
• − Insurance: −$774
• − Repairs & maintenance: −$1,446
• − Management: −$1,446
• − Depreciation: −$4,506
• Taxable loss: −$251
• Est. tax savings @ 24.0%: +$60
• After-tax cash flow: $2,341/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

+246.5% since first listed

9 events — show timeline

• 2025-10-15 Price Changed $154,900 Greater Alabama MLS
• 2025-09-01 Price Changed $159,900 Greater Alabama MLS
• 2025-08-13 Listed $165,000 Greater Alabama MLS
• 2022-07-03 Price Changed $1,195 RENT.
• 2021-03-09 Sold (Public Records) $92,500 Public Records
• 2020-07-21 Sold (Public Records) $60,000 Public Records
• 2020-07-21 Sold (Public Records) $50,000 Public Records
• 1996-10-04 Sold (Public Records) $50,000 Public Records
• 1984-08-22 Sold (Public Records) $44,700 Public Records

Property tax history

+4.7%/yr

Latest (2025): $1,472 · +0.0% YoY. Source: county tax records.