1744 2nd St NE · Center Point, AL 35215

$109,900

3 bd · 1.5 ba · 1,321 sqft · SingleFamily public records · 13 Days on market

Built 1965 0.35 ac lot Est $137k · 20% 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 +27.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +6.9/10.0
• 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 MLS

Great location for this Fanniemae Homepath property! Hardwood floors in living and bedrooms. Kitchen opens to the breakfast room. Huge flat yard! This home features 3 bedrooms and 1 full bath. Right of redemption may apply.

Key facts

• Covered carport
• Level lot
• Single story

Tags

• SINGLE STORY
• PARTIAL BRICK EXTERIOR
• LEVEL LOT
• DEDICATED LAUNDRY ROOM
• COVERED CARPORT
• FENCED BACKYARD

Property features AI

Finance

• Other: Property parcel ID 12-00-19-1-002-024.000; Lot size approximately 0.35 acre; Driving directions: From I-59, take the Roebuck exit and head north on AL-75 (Center Point Parkway) for 3.5 miles. Turn right onto Polly Reed Road, then turn right onto 2nd Street NE.
• HOA & community: No association fee

Exterior

• Parking: Driveway parking; One carport space
• Utilities: Public water; Gas water heater; Internet availability unknown
• Home design: Existing structure; 4-sided brick construction; Crawl space foundation; Located in the STARDUST MANOR subdivision
• Construction: 4-sided brick exterior; Crawl space foundation
• Exterior features: No pool; No patio; No deck; No garden/patio; Not waterfront

Interior

• Kitchen: Laminate countertops
• Bedrooms: Master bedroom on main level; Two additional bedrooms on main level
• Flooring: Carpet; Hardwood; Vinyl
• Bathrooms: One full bathroom with tub/shower combo on main level
• Heating & cooling: Gas heating; Central air
• Interior features: Handyman special; Ceilings: other (see remarks)
• Laundry & utility: Main-level laundry with washer hookup and electric dryer hookup; Has laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $337 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Cap rate 10.0% 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, 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 at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 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 $31k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 10y 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: moderate flood risk; 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 $109,900

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: 1.19% ✓
• Cap rate: 9.97%
• Cash-on-cash: 13.14%
• DSCR: 1.58
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $137,384
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1637 1st St NE	0.28mi	3/1.0	1,296 (-2%)	9mo	$115,300	$89	74
1632 Bobolink Ln NE	0.52mi	3/2.0	1,327 (+0%)	9mo	$130,000	$98	66
1705 Lake Park Cir	0.57mi	2/2.0 (-1)	1,339 (+1%)	1mo	$125,000	$93	63
25 NW 19th Ave	0.35mi	3/2.0	1,232 (-7%)	9mo	$175,000	$142	63
217 22nd Ave NE	0.56mi	4/2.0 (+1)	1,327 (+0%)	7mo	$138,000	$104	60
1736 Reed Rd NE	0.42mi	3/2.0	1,469 (+11%)	1mo	$190,000	$129	59
112 19th Ave NW	0.43mi	3/1.5	1,142 (-14%)	2mo	$108,500	$95	56
2236 2nd Pl NE	0.74mi	3/2.0	1,392 (+5%)	3mo	$195,000	$140	52
5 21st Ct NW	0.56mi	2/1.0 (-1)	1,245 (-6%)	6mo	$52,000	$42	52
550 Samantha Cir	0.64mi	3/2.0	1,455 (+10%)	1mo	$215,000	$148	50
1628 1st St NW	0.42mi	3/1.0	1,124 (-15%)	7mo	$79,900	$71	48
348 17th Ave NW	0.74mi	4/2.0 (+1)	1,456 (+10%)	4mo	$175,000	$120	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: 3.1%
• Equity multiple: 1.12×
• Total profit: $3,683
• Equity at exit: $16,386

10-year hold

• IRR: 12.7%
• Equity multiple: 2.01×
• Total profit: $30,983
• Equity at exit: $9,502

Cash invested: $30,772 (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: 7.0×

Monthly cashflow live

• Estimated rent: $1,312 high
• Mortgage (P&I): −$576
• Tax from tax record: −$77 /mo · $927/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $337

Break-even live

Break-even rent $885

Max offer price $109,900

Occupancy floor 69%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	43d	1	0.12mi
1628 1st St NE Center Point, AL	3.0	1.0	1027	$1,165	$1.13	43d	1	0.33mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	11d	1	0.38mi
1629 1st St NW Center Point, AL	3.0	1.0	900	$1,025	$1.14	23d	1	0.38mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	2d	4	0.40mi
1628 1st St NW Center Point, AL	3.0	1.0	1124	$1,150	$1.02	43d	1	0.41mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	43d	1	0.45mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	43d	1	0.52mi
213 Meadwood Dr NE Center Point, AL	3.0	1.0	1194	$995	$0.83	43d	1	0.54mi
1541 Charter East Cir NE Birmingham, AL	1.0–2.0	1.0–1.5	807	$1,095	$1.36	1d	8	0.59mi
341 Argonne Dr NE Center Point, AL	3.0	1.0	1040	$1,300	$1.25	2d	1	0.62mi
405 18th Ave NW Center Point, AL	3.0	2.0	1162	$1,299	$1.12	43d	1	0.65mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	23d	1	0.68mi
241 Lake Drive Cir NE Birmingham, AL	2.0	1.0	1358	$1,025	$0.75	1d	1	0.68mi
239 Lake Drive Cir NE Birmingham, AL	3.0	1.0	1159	$1,125	$0.97	3d	1	0.69mi
413 20th Ct NE Center Point, AL	3.0	1.5	1540	$1,375	$0.89	43d	1	0.71mi
1617 3rd Pl NW Center Point, AL	3.0	2.0	1404	$1,150	$0.82	23d	1	0.72mi
1700 Serene Dr Birmingham, AL	4.0	1.5	1543	$1,630	$1.06	1d	1	0.75mi
509 20th Ave NE Center Point, AL	3.0	1.5	1008	$1,200	$1.19	23d	1	0.76mi
2245 3rd St NE Center Point, AL	3.0	1.0	1150	$1,100	$0.96	23d	1	0.77mi
1700 4th Pl NW Center Point, AL	3.0	1.0	914	$1,075	$1.18	23d	1	0.80mi
1712 4th Pl NW Center Point, AL	3.0	1.0	1182	$1,150	$0.97	23d	1	0.80mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	14d	1	0.82mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	43d	1	0.85mi
2318 Raintree Ct Center Point, AL	2.0	1.0	975	$1,100	$1.13	2d	2	0.89mi
428 15th Ter NW Center Point, AL	3.0	2.0	1528	$1,795	$1.17	2d	1	0.89mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	2d	1	0.89mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	43d	1	0.91mi
224 13th Ave NE Birmingham, AL	3.0	1.5	1213	$1,273	$1.05	21d	1	0.91mi
434 15th Ter NW Center Point, AL	3.0	2.0	1053	$1,200	$1.14	43d	1	0.93mi
457 Tupelo Way Center Point, AL	3.0	1.0	1658	$995	$0.60	21d	1	0.93mi
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	23d	1	0.95mi
2232 6th St NE Center Point, AL	3.0	1.0	1550	$1,150	$0.74	43d	1	0.95mi
2245 3rd St NW Center Point, AL	3.0	1.0	1156	$1,100	$0.95	23d	1	0.99mi
1761 Big Mountain Dr Birmingham, AL	4.0	2.0	1632	$1,575	$0.97	44d	1	1.01mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	43d	1	1.03mi
856 Parkbrook Trl Birmingham, AL	1.0–3.0	1.0–2.0	925	$1,180	$1.28	1d	10	1.03mi
1340 Orlando Cir NE Birmingham, AL	3.0	2.0	1329	$1,166	$0.88	23d	1	1.04mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	43d	1	1.05mi
1360 Orlando Cir NE Birmingham, AL	3.0	2.0	1489	$1,455	$0.98	23d	1	1.06mi

Listing history 10 events

1. 2026-06-18
   days on market $109,900 Active 13 DOM
2. 2026-06-17
   days on market $109,900 Active 12 DOM
3. 2026-06-16
   days on market $109,900 Active 11 DOM
4. 2026-06-15
   days on market $109,900 Active 10 DOM
5. 2026-06-13
   days on market $109,900 Active 8 DOM
6. 2026-06-10
   days on market $109,900 Active 5 DOM
7. 2026-06-09
   days on market $109,900 Active 4 DOM
8. 2026-06-08
   days on market $109,900 Active 3 DOM
9. 2026-06-07
   remarks 699-char remark
10. 2026-06-07
    listed $109,900 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: $927 · $77/mo
• Projected year-2 tax: $927 · $77/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 5/10 Major FEMA zone X (unshaded) · 66% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 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: $15,740
• − Mortgage interest: −$6,156
• − Property taxes: −$927
• − Insurance: −$550
• − Repairs & maintenance: −$1,259
• − Management: −$1,259
• − Depreciation: −$3,197
• Taxable income: $2,392
• Est. tax owed @ 24.0%: −$574
• After-tax cash flow: $3,468/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

+99.8% since first listed

6 events — show timeline

• 2026-06-05 Listed $109,900 Greater Alabama MLS
• 2024-03-12 Sold (Public Records) $408,529,000 Public Records
• 2016-02-17 Sold (MLS) $36,500 Greater Alabama MLS
• 2016-02-05 Contingent — Greater Alabama MLS
• 2016-01-06 Listed $32,900 Greater Alabama MLS
• 1995-09-28 Sold (Public Records) $55,000 Public Records

Property tax history

+6.1%/yr

Latest (2025): $927 · +0.0% YoY. Source: county tax records.