401 20th Ave NE · Center Point, AL 35215

$122,900

3 bd · 1.0 ba · 1,515 sqft · SingleFamily public records · 127 Days on market

Built 1960 0.29 ac lot $81/sqft · 26% below area Est $165k · 26% 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 +23.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +6.2/10.0
• 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 corner lot with 3br, 2ba brick home. Home has new windows. Living room has rock fireplace. Formal dining room and kitchen. Home has had some updates done. Needs some work like stove, oven, bathroom sink. No HVAC. Large storage building.

Key facts

• Formal dining room
• Rock fireplace
• Corner lot

Tags

• CORNER LOT
• NEW WINDOWS
• ROCK FIREPLACE
• FORMAL DINING ROOM
• LARGE STORAGE BUILDING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $123k.

Deal economics

• At list price, monthly cash flow is $221 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $123k).
• Recommended offer: $108k (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; 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 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 $850 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 127 days — a 12% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 15y ago; this cycle's ask has dropped $22k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; list at $123k implies a 339% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,152 (12.0% below list)

Questions for the listing agent

1. It's been on market 127 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 1960 — 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: 1.12% ✓
• Cap rate: 8.45%
• Cash-on-cash: 7.71%
• DSCR: 1.34
• GRM: 7.4

CMA / ARV

• ARV (median comp): $165,320
• List price: $122,900
• Delta: -25.66%
• 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
550 Samantha Cir	0.28mi	3/2.0	1,455 (-4%)	1mo	$215,000	$148	75
401 20th Ct NE	0.07mi	3/2.0	1,655 (+9%)	8mo	$45,000	$27	71
2212 Shirley Dr	0.45mi	3/2.0	1,518 (+0%)	5mo	$199,900	$132	70
1736 Reed Rd NE	0.51mi	3/2.0	1,469 (-3%)	1mo	$190,000	$129	66
2236 2nd Pl NE	0.50mi	3/2.0	1,392 (-8%)	3mo	$195,000	$140	57
2240 6th St NE	0.37mi	3/1.0	1,702 (+12%)	8mo	$110,000	$65	55
504 Lakeside Cir	0.71mi	2/2.0 (-1)	1,555 (+3%)	2mo	$210,000	$135	52
550 Lakeside Cir	0.69mi	2/2.0 (-1)	1,526 (+1%)	7mo	$209,900	$138	52
2316 3rd Way NE	0.54mi	3/2.0	1,665 (+10%)	5mo	$182,000	$109	50
217 22nd Ave NE	0.39mi	4/2.0 (+1)	1,327 (-12%)	7mo	$138,000	$104	46
668 20th Ct NE	0.41mi	4/3.0 (+1)	1,675 (+11%)	5mo	$230,000	$137	46
613 25th Ave NE	0.70mi	3/2.0	1,400 (-8%)	8mo	$93,000	$66	44

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: -4.5%
• Equity multiple: 0.83×
• Total profit: $-5,746
• Equity at exit: $18,325

10-year hold

• IRR: 5.3%
• Equity multiple: 1.39×
• Total profit: $13,481
• Equity at exit: $10,626

Cash invested: $34,412 (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: 7.4×

Monthly cashflow live

• Estimated rent: $1,375 high
• Mortgage (P&I): −$645
• Tax from tax record: −$169 /mo · $2,031/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $221

Break-even live

Break-even rent $1,095

Max offer price $122,900

Occupancy floor 79%

Sensitivity live

Price	-10% $291	-5% $256	+0% $221	+5% $186	+10% $152
Rent	-10% $113	-5% $167	+0% $221	+5% $275	+10% $330
Rate	-1.0pp $283	-0.5pp $252	base $221	+0.5pp $189	+1.0pp $157

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: $30,725
• Closing costs: $3,687
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
413 20th Ct NE Center Point, AL	3.0	1.5	1540	$1,375	$0.89	44d	1	0.09mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	44d	1	0.34mi
2232 6th St NE Center Point, AL	3.0	1.0	1550	$1,150	$0.74	44d	1	0.34mi
600 20th Ct NE Center Point, AL	3.0	2.0	1878	$1,650	$0.88	24d	1	0.37mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	24d	1	0.38mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	3d	1	0.43mi
2245 3rd St NE Center Point, AL	3.0	1.0	1150	$1,100	$0.96	24d	1	0.45mi
856 Parkbrook Trl Birmingham, AL	1.0–3.0	1.0–2.0	925	$1,180	$1.28	3d	10	0.46mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	15d	1	0.55mi
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	24d	1	0.62mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	44d	1	0.64mi
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	44d	1	0.69mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	3d	4	0.81mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	12d	1	0.86mi
1700 Serene Dr Birmingham, AL	4.0	1.5	1543	$1,630	$1.06	3d	1	0.86mi
1761 Big Mountain Dr Birmingham, AL	4.0	2.0	1632	$1,575	$0.97	45d	1	0.87mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	44d	1	0.90mi
213 Meadwood Dr NE Center Point, AL	3.0	1.0	1194	$995	$0.83	44d	1	0.97mi
2708 7th St NE Center Point, AL	3.0	1.0	1451	$1,150	$0.79	44d	1	0.98mi
2415 Ormond Dr Center Point, AL	3.0	1.5	1194	$1,295	$1.08	44d	1	1.01mi
1628 1st St NW Center Point, AL	3.0	1.0	1124	$1,150	$1.02	44d	1	1.03mi
1819 Valley Run Cir Birmingham, AL	4.0	2.5	1694	$1,761	$1.04	44d	1	1.04mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	44d	1	1.04mi
2629 Wood Dr NE Center Point, AL	3.0	1.0	1203	$1,250	$1.04	44d	1	1.06mi
2245 3rd St NW Center Point, AL	3.0	1.0	1156	$1,100	$0.95	24d	1	1.13mi
1817 Lyle Dr Birmingham, AL	4.0	2.0	1361	$1,605	$1.18	24d	1	1.13mi
241 Lake Drive Cir NE Birmingham, AL	2.0	1.0	1358	$1,025	$0.75	3d	1	1.14mi
239 Lake Drive Cir NE Birmingham, AL	3.0	1.0	1159	$1,125	$0.97	4d	1	1.16mi
2655 6th St NE Center Point, AL	3.0	2.0	1600	$1,390	$0.87	3d	1	1.18mi
605 Country View Dr Birmingham, AL	3.0	2.0	1698	$1,560	$0.92	44d	1	1.18mi
607 Country View Dr Birmingham, AL	4.0	2.0	1568	$1,550	$0.99	24d	1	1.18mi
236 E Haven Dr Birmingham, AL	3.0	1.5	1926	$1,495	$0.78	12d	1	1.19mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	44d	1	1.19mi
405 18th Ave NW Center Point, AL	3.0	2.0	1162	$1,299	$1.12	44d	1	1.19mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	44d	1	1.21mi
1830 Christian St Birmingham, AL	3.0	2.0	1468	$1,375	$0.94	3d	1	1.25mi
127 Fox Hill Ct Center Point, AL	3.0	2.0	1418	$1,545	$1.09	44d	1	1.27mi
457 Tupelo Way Center Point, AL	3.0	1.0	1658	$995	$0.60	22d	1	1.32mi
1617 3rd Pl NW Center Point, AL	3.0	2.0	1404	$1,150	$0.82	24d	1	1.32mi
1317 Hatfield Ln Birmingham, AL	3.0	1.5	2028	$1,300	$0.64	24d	1	1.35mi

Listing history 19 events

1. 2026-06-18
   days on market $122,900 Active 127 DOM
2. 2026-06-17
   days on market $122,900 Active 126 DOM
3. 2026-06-16
   days on market $122,900 Active 125 DOM
4. 2026-06-15
   days on market $122,900 Active 124 DOM
5. 2026-06-13
   days on market $122,900 Active 122 DOM
6. 2026-06-10
   days on market $122,900 Active 119 DOM
7. 2026-06-09
   days on market $122,900 Active 118 DOM
8. 2026-06-08
   days on market $122,900 Active 117 DOM
9. 2026-06-07
   days on market $122,900 Active 116 DOM
10. 2026-06-03
    days on market $122,900 Active 112 DOM
11. 2026-06-02
    days on market $122,900 Active 111 DOM
12. 2026-06-01
    days on market $122,900 Active 110 DOM
13. 2026-05-31
    days on market $122,900 Active 109 DOM
14. 2026-04-25
    price $122,900 241-char remark

    Show marketing remark (241 chars)

    Nice corner lot with 3br, 2ba brick home. Home has new windows. Living room has rock fireplace. Formal dining room and kitchen. Home has had some updates done. Needs some work like stove, oven, bathroom sink. No HVAC. Large storage building.

15. 2026-03-18
    price $134,000 241-char remark

    Show marketing remark (241 chars)

    Nice corner lot with 3br, 2ba brick home. Home has new windows. Living room has rock fireplace. Formal dining room and kitchen. Home has had some updates done. Needs some work like stove, oven, bathroom sink. No HVAC. Large storage building.

16. 2026-02-10
    listed $144,900 Active 241-char remark

    Show marketing remark (241 chars)

    Nice corner lot with 3br, 2ba brick home. Home has new windows. Living room has rock fireplace. Formal dining room and kitchen. Home has had some updates done. Needs some work like stove, oven, bathroom sink. No HVAC. Large storage building.

17. 2012-04-09
    soldstatus $28,000 305-char remark

    Show marketing remark (305 chars)

    REDUCED! Investors or cash buyers - this is a must see. Home does not need much work AT ALL. Great split bedroom layout 3 bedroom 2 full bath. Separate living room with fireplace and dining room. Nice sized kitchen with some updates. Screened in back porch with patio area. House sits on large corner lot.

18. 2011-11-01
    listed $28,000 305-char remark

    Show marketing remark (305 chars)

    REDUCED! Investors or cash buyers - this is a must see. Home does not need much work AT ALL. Great split bedroom layout 3 bedroom 2 full bath. Separate living room with fireplace and dining room. Nice sized kitchen with some updates. Screened in back porch with patio area. House sits on large corner lot.

19. 2005-01-26
    soldstatus $60,000

ⓘ 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: $2,031 · $169/mo
• Projected year-2 tax: $2,031 · $169/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 · 17 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: $16,497
• − Mortgage interest: −$6,884
• − Property taxes: −$2,031
• − Insurance: −$614
• − Repairs & maintenance: −$1,320
• − Management: −$1,320
• − Depreciation: −$3,575
• Taxable income: $753
• Est. tax owed @ 24.0%: −$181
• After-tax cash flow: $2,473/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

+104.8% since first listed

6 events — show timeline

• 2026-04-25 Price Changed $122,900 Greater Alabama MLS
• 2026-03-18 Price Changed $134,000 Greater Alabama MLS
• 2026-02-10 Listed $144,900 Greater Alabama MLS
• 2012-04-09 Sold (MLS) $28,000 Greater Alabama MLS
• 2011-11-01 Listed $28,000 Greater Alabama MLS
• 2005-01-26 Sold (Public Records) $60,000 Public Records

Property tax history

+9.9%/yr

Latest (2025): $2,031 · +15.6% YoY. Source: county tax records.