1613 5th Way NW · Center Point, AL 35215

$129,900

3 bd · 2.0 ba · 1,918 sqft · SingleFamily public records · 1 Days on market

Built 1968 0.27 ac lot Est $167k · 22% 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 +22.7/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +5.9/10.0
• 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

COME SEE THIS 3BR/2BA HOME, HOME SITS ON A NICE WOODED LOT, ALL BEDROOMS ON MAIN LEVEL, THERE IS AN ADDITIONAL BONUS ROOM ON THE BASEMENT LEVEL ALONG WITH A 1 CAR GARAGE. HOME IS IN NEED OF SOME REPAIRS, MAKE THIS HOME YOUR OWN.

Key facts

• Spacious floor plan
• Eat-in kitchen
• Open rear deck

Tags

• BRIDLEWOOD FOREST COMMUNITY
• WOODED VIEW
• OPEN REAR DECK
• EAT-IN KITCHEN
• SPACIOUS FLOOR PLAN
• HARDWOOD AND VINYL FLOORING

Property features AI

Finance

• HOA & community: No homeowners association fees

Exterior

• Parking: Attached garage with front entry; Two total garage spaces (one main level, one basement level); Driveway parking
• Utilities: Public water; Electric water heater; Internet service availability unknown
• Home design: Existing single-family home; Basement entry type: daylight basement; Basement contains both finished and unfinished areas
• Construction: Siding (other) exterior; Basement foundation
• Exterior features: Open deck; No pool or patio; Not waterfront; Lot has no notable view; Approximately 0.27 acres

Interior

• Kitchen: Solid surface countertops; Built-in dishwasher
• Bedrooms: Master bedroom on main level; Two additional bedrooms on main level; Bonus room in the basement
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms; Tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Ceilings: other (see remarks); No additional built-in interior features listed
• Laundry & utility: Laundry in the basement; Washer hookup and electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $224 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).

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; 28 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).
• This rent runs 32% 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 $898 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

• Only 1 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: 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 $129,900

Questions for the listing agent

1. Built in 1968 — 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: 1.09% ✓
• Cap rate: 8.36%
• Cash-on-cash: 7.40%
• DSCR: 1.33
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $166,866
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1649 6th St NW	0.08mi	3/2.5	1,906 (-1%)	10mo	$115,000	$60	84
609 16th Ave NW	0.15mi	3/2.0	1,982 (+3%)	5mo	$190,000	$96	83
425 15th Terrace Cir NW	0.35mi	3/2.0	1,956 (+2%)	5mo	$133,000	$68	76
212 16th Ave NW	0.52mi	4/2.5 (+1)	1,941 (+1%)	6mo	$165,000	$85	62
441 NW 15th Ln	0.30mi	3/2.0	1,668 (-13%)	5mo	$145,000	$87	60
649 15th Ct NW	0.34mi	3/2.0	2,120 (+10%)	11mo	$165,000	$78	58
400 16th Ct NW	0.30mi	3/1.5	1,670 (-13%)	9mo	$100,000	$60	55
401 15th Ter NW	0.36mi	4/1.5 (+1)	1,772 (-8%)	10mo	$126,500	$71	55
1460 4th Pl NW	0.40mi	4/2.0 (+1)	1,769 (-8%)	11mo	$192,000	$109	55
1419 4th Way NW	0.42mi	3/2.0	1,645 (-14%)	6mo	$189,000	$115	52
1504 NW 8th St NW	0.74mi	3/2.5	2,112 (+10%)	2mo	$217,500	$103	45
1839 6th St NW	0.62mi	4/3.0 (+1)	2,088 (+9%)	7mo	$257,000	$123	41

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: -4.9%
• Equity multiple: 0.82×
• Total profit: $-6,694
• Equity at exit: $19,369

10-year hold

• IRR: 4.8%
• Equity multiple: 1.35×
• Total profit: $12,860
• Equity at exit: $11,231

Cash invested: $36,372 (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: 7.7×

Monthly cashflow live

• Estimated rent: $1,410 high
• Mortgage (P&I): −$681
• Tax from tax record: −$154 /mo · $1,851/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $224

Break-even live

Break-even rent $1,126

Max offer price $129,900

Occupancy floor 79%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1612 Glenwood St NW Center Point, AL	4.0	3.0	1344	$1,480	$1.10	24d	1	0.09mi
1732 6th St NW Center Point, AL	3.0	1.5	1300	$1,250	$0.96	3d	1	0.29mi
428 15th Ter NW Center Point, AL	3.0	2.0	1528	$1,795	$1.17	3d	1	0.30mi
1736 6th St NW Center Point, AL	4.0	2.0	1830	$1,550	$0.85	44d	1	0.30mi
1617 3rd Pl NW Center Point, AL	3.0	2.0	1404	$1,150	$0.82	24d	1	0.40mi
1827 Carson Rd Unit 7 Birmingham, AL	3.0	2.5	1332	$950	$0.71	24d	1	0.53mi
1827 Carson Rd Unit 1 Birmingham, AL	3.0	2.5	1332	$1,125	$0.84	44d	1	0.53mi
1328 5th Pl NW Center Point, AL	3.0	1.0	1250	$1,050	$0.84	16d	1	0.53mi
324 13th Ter NW Center Point, AL	3.0	1.5	1418	$1,295	$0.91	24d	1	0.61mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	44d	1	0.66mi
617 Carson Crest Cir Birmingham, AL	4.0	2.0	1528	$1,723	$1.13	16d	1	0.67mi
405 13th Ct NW Center Point, AL	4.0	1.5	1248	$1,415	$1.13	21d	1	0.67mi
1232 Oakwood St Birmingham, AL	3.0	1.5	1301	$1,223	$0.94	24d	1	0.70mi
457 Tupelo Way Center Point, AL	3.0	1.0	1658	$995	$0.60	21d	1	0.73mi
108 13th Ave NW Center Point, AL	4.0	2.0	1444	$1,265	$0.88	24d	1	0.80mi
424 Tupelo Way Center Point, AL	4.0	2.0	1233	$1,300	$1.05	44d	1	0.80mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	44d	1	0.82mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	11d	1	0.83mi
1153 Linwood St Birmingham, AL	3.0	2.0	1250	$1,295	$1.04	3d	1	0.87mi
1259 Huffman Rd Center Point, AL	3.0	2.0	1662	$1,556	$0.94	44d	1	1.01mi
1177 Five Mile Rd Birmingham, AL	3.0	2.0	1636	$1,100	$0.67	44d	1	1.05mi
1128 Lay Dr Birmingham, AL	3.0	1.5	1700	$1,410	$0.83	12d	1	1.10mi
1317 Hatfield Ln Birmingham, AL	3.0	1.5	2028	$1,300	$0.64	24d	1	1.16mi
319 23rd Ave NW Center Point, AL	3.0	2.0	1284	$1,395	$1.09	44d	1	1.18mi
1112 Violet Dr Birmingham, AL	3.0	2.0	1414	$1,600	$1.13	12d	1	1.18mi
241 Lake Drive Cir NE Birmingham, AL	2.0	1.0	1358	$1,025	$0.75	2d	1	1.20mi
236 E Haven Dr Birmingham, AL	3.0	1.5	1926	$1,495	$0.78	12d	1	1.20mi
241 Mamie Ln Birmingham, AL	3.0	2.0	1242	$1,495	$1.20	3d	1	1.37mi

Listing history 2 events

1. 2026-06-17
   remarks 693-char remark
2. 2026-06-17
   listed $129,900 Active 1 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: $1,851 · $154/mo
• Projected year-2 tax: $1,851 · $154/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 6/10 Major 7 d/yr ≥106°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: $16,919
• − Mortgage interest: −$7,276
• − Property taxes: −$1,851
• − Insurance: −$650
• − Repairs & maintenance: −$1,354
• − Management: −$1,354
• − Depreciation: −$3,779
• Taxable income: $656
• Est. tax owed @ 24.0%: −$157
• After-tax cash flow: $2,533/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

+116.9% since first listed

8 events — show timeline

• 2026-06-17 Listed $129,900 Greater Alabama MLS
• 2024-03-12 Sold (Public Records) $417,784,000 Public Records
• 2016-09-02 Sold (MLS) $48,000 Greater Alabama MLS
• 2016-08-16 Pending — Greater Alabama MLS
• 2016-07-22 Contingent — Greater Alabama MLS
• 2016-07-17 Listed $50,000 Greater Alabama MLS
• 1997-09-11 Sold (Public Records) $73,000 Public Records
• 1987-01-29 Sold (Public Records) $59,900 Public Records

Property tax history

+3.1%/yr

Latest (2025): $1,851 · +15.9% YoY. Source: county tax records.