1932 4th St NE · Center Point, AL 35215

$134,900

3 bd · 1.0 ba · 1,204 sqft · SingleFamily public records · 83 Days on market

Built 1960 0.27 ac lot $112/sqft · 17% below area Est $162k · 17% 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 +19.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +4.0/10.0
• 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 beautiful 3-bedroom, 1-bathroom home nestled in a quiet, well-established community! This charming property features a desirable open floor plan with a spacious living and dining room combination — perfect for both everyday living and entertaining. The eat-in kitchen offers ample space for family meals, and the separate laundry room adds convenience. The oversized primary bedroom comfortably accommodates large furniture, while two additional bedrooms provide flexibility for guests, a home office, or growing needs. Step outside to enjoy the large fenced-in backyard — ideal for gatherings or simply relaxing. The property also features a beautiful gazebo and a separate sitting area, creating the perfect setting to entertain guests or unwind after a long day. A basement provides extra storage space for household items and lawn equipment. Major updates include Roof – 3 years old, HVAC – 6 months old, and new water heater.

Key facts

• Open floor plan
• Beautiful gazebo
• Eat-in kitchen

Tags

• OPEN FLOOR PLAN
• EAT-IN KITCHEN
• SEPARATE LAUNDRY ROOM
• LARGE FENCED-IN BACKYARD
• BEAUTIFUL GAZEBO
• SEPARATE SITTING AREA

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $147 ($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 $122k (9.9% below list).
• Recommended offer: $122k (9.9% below list) — sets the bar for 1% rule.

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); 42% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 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 83 days — a 6% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $45k; list at $135k implies a 200% 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 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $121,599 (9.9% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 10% 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: 0.90% ✗
• Cap rate: 7.60%
• Cash-on-cash: 4.67%
• DSCR: 1.21
• GRM: 9.2

CMA / ARV

• ARV (median comp): $161,665
• List price: $134,900
• Delta: -16.56%
• 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
2105 5th St NE	0.27mi	3/2.0	1,232 (+2%)	7mo	$183,500	$149	74
405 20th Ct NE	0.13mi	3/1.5	1,112 (-8%)	13mo	$102,615	$92	68
516 20th Ct NE	0.29mi	4/2.0 (+1)	1,224 (+2%)	10mo	$173,500	$142	67
2245 3rd St NE	0.47mi	3/1.0	1,150 (-4%)	5mo	$88,000	$77	67
601 23rd Ave NE	0.65mi	3/1.0	1,186 (-2%)	1mo	$79,500	$67	66
2352 3rd Way NE	0.68mi	3/1.5	1,167 (-3%)	4mo	$103,000	$88	58
5 21st Ct NW	0.66mi	2/1.0 (-1)	1,245 (+3%)	6mo	$52,000	$42	53
2276 4th Place Cir NE	0.47mi	3/1.5	1,334 (+11%)	9mo	$170,000	$127	51
1720 2nd St NE	0.63mi	3/1.5	1,099 (-9%)	4mo	$65,000	$59	50
217 22nd Ave NE	0.38mi	4/2.0 (+1)	1,327 (+10%)	7mo	$138,000	$104	50
2080 Willow Glenn Dr	0.51mi	2/2.0 (-1)	1,276 (+6%)	11mo	$175,500	$138	48
4269 Fieldstone Way	0.72mi	2/2.0 (-1)	1,276 (+6%)	4mo	$184,900	$145	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: -9.0%
• Equity multiple: 0.67×
• Total profit: $-12,494
• Equity at exit: $20,114

10-year hold

• IRR: 0.4%
• Equity multiple: 1.03×
• Total profit: $1,166
• Equity at exit: $11,664

Cash invested: $37,772 (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: 9.2×

Monthly cashflow live

• Estimated rent: $1,216 high
• Mortgage (P&I): −$707
• Tax from tax record: −$50 /mo · $598/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $147

Break-even live

Break-even rent $1,030

Max offer price $134,900

Occupancy floor 83%

Sensitivity live

Price	-10% $224	-5% $185	+0% $147	+5% $109	+10% $71
Rent	-10% $51	-5% $99	+0% $147	+5% $195	+10% $243
Rate	-1.0pp $215	-0.5pp $181	base $147	+0.5pp $112	+1.0pp $77

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2109 Whetstone Ct Center Point, AL	2.0	1.5	800	$675	$0.84	3d	1	0.17mi
401 22nd Ave NE Center Point, AL	2.0	1.5	850	$745	$0.88	17d	1	0.20mi
509 20th Ave NE Center Point, AL	3.0	1.5	1008	$1,200	$1.19	24d	1	0.25mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	24d	1	0.39mi
123 21st Ave NE Center Point, AL	2.0	1.0	850	$800	$0.94	44d	1	0.41mi
124 21st Ave NE Unit 202 Center Point, AL	2.0	1.0	830	$750	$0.90	17d	1	0.41mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	44d	1	0.42mi
2245 3rd St NE Center Point, AL	3.0	1.0	1150	$1,100	$0.96	24d	1	0.47mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	3d	1	0.49mi
856 Parkbrook Trl Birmingham, AL	1.0–3.0	1.0–2.0	925	$1,180	$1.28	2d	10	0.53mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	15d	1	0.54mi
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	44d	1	0.60mi
2324 3rd St NE Center Point, AL	3.0	2.0	1329	$1,300	$0.98	24d	1	0.65mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	44d	1	0.67mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	3d	4	0.74mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	12d	1	0.79mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	44d	1	0.83mi
1628 1st St NE Center Point, AL	3.0	1.0	1027	$1,165	$1.13	44d	1	0.85mi
2318 Raintree Ct Center Point, AL	2.0	1.0	975	$1,100	$1.13	3d	2	0.87mi
213 Meadwood Dr NE Center Point, AL	3.0	1.0	1194	$995	$0.83	44d	1	0.89mi
341 Argonne Dr NE Center Point, AL	3.0	1.0	1040	$1,300	$1.25	3d	1	0.89mi
1629 1st St NW Center Point, AL	3.0	1.0	900	$1,025	$1.14	24d	1	0.91mi
1628 1st St NW Center Point, AL	3.0	1.0	1124	$1,150	$1.02	44d	1	0.94mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	44d	1	0.96mi
109 24th Ave NW Center Point, AL	3.0	1.5	1023	$1,215	$1.19	44d	1	0.99mi
2537 3rd St NE Center Point, AL	3.0	2.0	1040	$1,350	$1.30	24d	1	1.02mi
2708 7th St NE Center Point, AL	3.0	1.0	1451	$1,150	$0.79	44d	1	1.06mi
241 Lake Drive Cir NE Birmingham, AL	2.0	1.0	1358	$1,025	$0.75	2d	1	1.06mi
1541 Charter East Cir NE Birmingham, AL	1.0–2.0	1.0–1.5	807	$1,095	$1.36	2d	8	1.07mi
239 Lake Drive Cir NE Birmingham, AL	3.0	1.0	1159	$1,125	$0.97	4d	1	1.07mi
1814 Valley Run Cir Birmingham, AL	3.0	1.0	1025	$1,350	$1.32	44d	1	1.09mi
2415 Ormond Dr Center Point, AL	3.0	1.5	1194	$1,295	$1.08	44d	1	1.10mi
2245 3rd St NW Center Point, AL	3.0	1.0	1156	$1,100	$0.95	24d	1	1.10mi
2629 Wood Dr NE Center Point, AL	3.0	1.0	1203	$1,250	$1.04	44d	1	1.11mi
405 18th Ave NW Center Point, AL	3.0	2.0	1162	$1,299	$1.12	44d	1	1.11mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	44d	1	1.16mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	44d	1	1.16mi
1817 Lyle Dr Birmingham, AL	4.0	2.0	1361	$1,605	$1.18	24d	1	1.19mi
1617 3rd Pl NW Center Point, AL	3.0	2.0	1404	$1,150	$0.82	24d	1	1.24mi
1712 4th Pl NW Center Point, AL	3.0	1.0	1182	$1,150	$0.97	24d	1	1.28mi

Listing history 5 events

1. 2026-04-29
   price $134,900 970-char remark

   Show marketing remark (970 chars)

   Welcome to this beautiful 3-bedroom, 1-bathroom home nestled in a quiet, well-established community! This charming property features a desirable open floor plan with a spacious living and dining room combination — perfect for both everyday living and entertaining. The eat-in kitchen offers ample space for family meals, and the separate laundry room adds convenience. The oversized primary bedroom comfortably accommodates large furniture, while two additional bedrooms provide flexibility for guests, a home office, or growing needs. Step outside to enjoy the large fenced-in backyard — ideal for gatherings or simply relaxing. The property also features a beautiful gazebo and a separate sitting area, creating the perfect setting to entertain guests or unwind after a long day. A basement provides extra storage space for household items and lawn equipment. Major updates include Roof – 3 years old, HVAC – 6 months old, and new water heater.

2. 2026-03-28
   price $148,100 970-char remark

   Show marketing remark (970 chars)

   Welcome to this beautiful 3-bedroom, 1-bathroom home nestled in a quiet, well-established community! This charming property features a desirable open floor plan with a spacious living and dining room combination — perfect for both everyday living and entertaining. The eat-in kitchen offers ample space for family meals, and the separate laundry room adds convenience. The oversized primary bedroom comfortably accommodates large furniture, while two additional bedrooms provide flexibility for guests, a home office, or growing needs. Step outside to enjoy the large fenced-in backyard — ideal for gatherings or simply relaxing. The property also features a beautiful gazebo and a separate sitting area, creating the perfect setting to entertain guests or unwind after a long day. A basement provides extra storage space for household items and lawn equipment. Major updates include Roof – 3 years old, HVAC – 6 months old, and new water heater.

3. 2026-03-02
   listed $150,100 Active 970-char remark

   Show marketing remark (970 chars)

   Welcome to this beautiful 3-bedroom, 1-bathroom home nestled in a quiet, well-established community! This charming property features a desirable open floor plan with a spacious living and dining room combination — perfect for both everyday living and entertaining. The eat-in kitchen offers ample space for family meals, and the separate laundry room adds convenience. The oversized primary bedroom comfortably accommodates large furniture, while two additional bedrooms provide flexibility for guests, a home office, or growing needs. Step outside to enjoy the large fenced-in backyard — ideal for gatherings or simply relaxing. The property also features a beautiful gazebo and a separate sitting area, creating the perfect setting to entertain guests or unwind after a long day. A basement provides extra storage space for household items and lawn equipment. Major updates include Roof – 3 years old, HVAC – 6 months old, and new water heater.

4. 1986-06-20
   soldstatus $45,000
5. 1984-05-01
   soldstatus $42,500

ⓘ 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: $598 · $50/mo
• Projected year-2 tax: $598 · $50/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 6 d/yr ≥105°F today · 16 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: $14,592
• − Mortgage interest: −$7,556
• − Property taxes: −$598
• − Insurance: −$674
• − Repairs & maintenance: −$1,167
• − Management: −$1,167
• − Depreciation: −$3,924
• Taxable loss: −$496
• Est. tax savings @ 24.0%: +$119
• After-tax cash flow: $1,885/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

+217.4% since first listed

5 events — show timeline

• 2026-04-29 Price Changed $134,900 Greater Alabama MLS
• 2026-03-28 Price Changed $148,100 Greater Alabama MLS
• 2026-03-02 Listed $150,100 Greater Alabama MLS
• 1986-06-20 Sold (Public Records) $45,000 Public Records
• 1984-05-01 Sold (Public Records) $42,500 Public Records

Property tax history

+0.5%/yr

Latest (2024): $598 · +13.1% YoY. Source: county tax records.