5700 Colony Ln · Hoover, AL 35226

$257,000

2 bd · 2.0 ba · 1,220 sqft · Townhouse public records · 5 Days on market

Built 2004 Est $234k · 10% over $29/mo HOA · 2% of rent

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Why this score? — see what drove the F 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 +10.8/30.0
• Schools +5.0/10.0
• Livability +4.2/5.0
• Rent growth +3.4/5.0
• DSCR +3.1/10.0
• ARV discount +3.1/15.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

What a find!!! 2 bedroom, 2 full bath one level townhome with a small bonus room in Hoover. Within walking distance to Deer Valley elementary school. New paint, updated flooring, clean and move in ready. The location is amazing. Super close to shopping and dining in some of Hoover's most recently developed areas. This one will not last long. If you are interested, you will want to schedule your showing today. This area is HOT!

Key facts

• $29 HOA
• Built 2004
• Listed 5 days

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $257k.

Deal economics

• At list price, monthly cash flow is $-116 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $237k (7.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $188k (26.7% below list).
• Recommended offer: $188k (26.7% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 2.4% in Hoover — 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 84/100 on livability (#1 in AL, #630 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, housing A+.
• Hoover City (urban): math 45% / reading 66% proficiency, ranked #8 of 129 in AL (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 19% free/reduced lunch — higher-income household profile.
• Zoned schools: Deer Valley Elementary School (math 62% / reading 76%, grade A-, #29 of 627 statewide, top 5%, 740 students, 13% FRL); Hoover High School (math 46% / reading 47%, grade D-, #17 of 305 statewide, top 5%, 2,841 students, 32% FRL) — zoned schools at 22% FRL track the district average.
• Market conditions: Rents rising (+3.7%/yr); 203 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 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 $2k of loan paydown is wiped out by about $8k 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 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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, 41% 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 $188,279 (26.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.73% ✗
• Cap rate: 5.75%
• Cash-on-cash: -1.93%
• DSCR: 0.91
• GRM: 11.4

CMA / ARV

• ARV (on-the-fly): $234,240
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5639 Colony Ln	0.07mi	2/2.0	1,284 (+5%)	4mo	$262,000	$204	85
5579 Colony Ln	0.14mi	2/2.0	1,284 (+5%)	1mo	$239,000	$186	84
5676 Colony Ln	0.03mi	2/2.0	1,284 (+5%)	12mo	$259,900	$202	80
5699 Colony Ln	0.03mi	2/2.0	1,284 (+5%)	14mo	$259,900	$202	79
5576 Colony Ln	0.14mi	2/2.0	1,284 (+5%)	8mo	$259,900	$202	78
5723 Colony Ln	0.04mi	2/2.0	1,284 (+5%)	17mo	$240,000	$187	75
5724 Colony Ln	0.03mi	2/2.0	1,260 (+3%)	22mo	$230,000	$183	75
5691 Colony Ln	0.03mi	2/2.0	1,284 (+5%)	21mo	$255,000	$199	72
5687 Colony Ln	0.03mi	2/2.0	1,282 (+5%)	23mo	$235,000	$183	71
5595 Colony Ln	0.12mi	2/2.0	1,284 (+5%)	18mo	$247,000	$192	71
5512 Whisperwood Ln	0.38mi	2/2.0	1,340 (+10%)	17mo	$209,000	$156	52

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 · 3.7% rent growth · sell at horizon

5-year hold

• IRR: -18.8%
• Equity multiple: 0.34×
• Total profit: $-47,750
• Equity at exit: $38,320

10-year hold

• IRR: -10.2%
• Equity multiple: 0.36×
• Total profit: $-45,820
• Equity at exit: $22,221

Cash invested: $71,960 (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 35226

• Rents YoY: 3.7%
• Active inventory: 203
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $1,883 high
• Mortgage (P&I): −$1,348
• Tax from tax record: −$119 /mo · $1,430/yr
• Insurance: −$107
• HOA: −$29
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $-116

Break-even live

Break-even rent $2,029

Max offer price $236,579

Occupancy floor —

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: $64,250
• Closing costs: $7,710
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5315 Cottage Ln Hoover, AL	3.0	2.0	1284	$1,800	$1.40	15d	1	0.32mi
5295 Cottage Ln Hoover, AL	3.0	2.0	1230	$1,800	$1.46	14d	1	0.35mi
1121 Colina St Birmingham, AL	3.0	1.0–2.5	987	$2,488	$2.52	2d	218	0.58mi
4870 Silas Ave Birmingham, AL	2.0	2.5	1435	$2,295	$1.60	1d	1	1.09mi
140 Curren St SE Bessemer, AL	3.0	2.0	1460	$1,395	$0.96	1d	1	1.10mi
4826 Silas Ave Birmingham, AL	2.0	2.5	1440	$2,195	$1.52	1d	1	1.13mi
5540 Park Side Rd Hoover, AL	3.0	2.0	1430	$1,853	$1.30	15d	1	1.43mi

HOA detail

• Monthly dues: $29 · $348/yr

Listing history 13 events

1. 2026-03-11
   soldstatus $253,000
2. 2026-02-23
   status Pending
3. 2026-02-19
   listed $257,000 Active
4. 2026-02-17
   historical $257,000
5. 2022-10-24
   soldstatus $208,000
6. 2020-12-15
   soldstatus $168,500
7. 2020-10-19
   soldstatus $168,500 Sold 431-char remark

   Show marketing remark (431 chars)

   What a find!!! 2 bedroom, 2 full bath one level townhome with a small bonus room in Hoover. Within walking distance to Deer Valley elementary school. New paint, updated flooring, clean and move in ready. The location is amazing. Super close to shopping and dining in some of Hoover's most recently developed areas. This one will not last long. If you are interested, you will want to schedule your showing today. This area is HOT!

8. 2020-09-20
   historical Contingent 431-char remark

   Show marketing remark (431 chars)

   What a find!!! 2 bedroom, 2 full bath one level townhome with a small bonus room in Hoover. Within walking distance to Deer Valley elementary school. New paint, updated flooring, clean and move in ready. The location is amazing. Super close to shopping and dining in some of Hoover's most recently developed areas. This one will not last long. If you are interested, you will want to schedule your showing today. This area is HOT!

9. 2020-09-15
   listed $169,900 Active 431-char remark

   Show marketing remark (431 chars)

   What a find!!! 2 bedroom, 2 full bath one level townhome with a small bonus room in Hoover. Within walking distance to Deer Valley elementary school. New paint, updated flooring, clean and move in ready. The location is amazing. Super close to shopping and dining in some of Hoover's most recently developed areas. This one will not last long. If you are interested, you will want to schedule your showing today. This area is HOT!

10. 2016-08-24
    soldstatus $122,500
11. 2016-08-22
    soldstatus $122,500 Sold 987-char remark

    Show marketing remark (987 chars)

    Updated 2 bedroom, 2 bath townhome in the Deer Valley area near Ross Bridge off Hwy 150 in Hoover. Enjoy spectacular private backyard! You will enjoy low maintenance, one level living at its finest. New paint and new master bedroom carpet. This one-owner home offers builder upgrades throughout, crown molding, gas log fireplace, ceiling fans, vaulted and trey ceiling. The owner’s retreat boasts a large master featuring trey ceilings and ceiling fan. Master bath has double vanity sinks, large tub, separate shower, and a huge walk in closet. This highly desired split floor plan offers privacy. Second bedroom has a vaulted ceiling, ceiling fan, and private closet. The large eat in kitchen has custom cabinetry, side by side refrigerator, dishwasher, garbage disposal, stove and built in microwave. Laundry room has a washer and dryer that are included. Fun outdoor area with covered patio, ideal to entertain family and friends, also includes a bonus area off the family room.

12. 2016-07-23
    historical Contingent 987-char remark

    Show marketing remark (987 chars)

    Updated 2 bedroom, 2 bath townhome in the Deer Valley area near Ross Bridge off Hwy 150 in Hoover. Enjoy spectacular private backyard! You will enjoy low maintenance, one level living at its finest. New paint and new master bedroom carpet. This one-owner home offers builder upgrades throughout, crown molding, gas log fireplace, ceiling fans, vaulted and trey ceiling. The owner’s retreat boasts a large master featuring trey ceilings and ceiling fan. Master bath has double vanity sinks, large tub, separate shower, and a huge walk in closet. This highly desired split floor plan offers privacy. Second bedroom has a vaulted ceiling, ceiling fan, and private closet. The large eat in kitchen has custom cabinetry, side by side refrigerator, dishwasher, garbage disposal, stove and built in microwave. Laundry room has a washer and dryer that are included. Fun outdoor area with covered patio, ideal to entertain family and friends, also includes a bonus area off the family room.

13. 2016-06-03
    listed $124,900 Active 987-char remark

    Show marketing remark (987 chars)

    Updated 2 bedroom, 2 bath townhome in the Deer Valley area near Ross Bridge off Hwy 150 in Hoover. Enjoy spectacular private backyard! You will enjoy low maintenance, one level living at its finest. New paint and new master bedroom carpet. This one-owner home offers builder upgrades throughout, crown molding, gas log fireplace, ceiling fans, vaulted and trey ceiling. The owner’s retreat boasts a large master featuring trey ceilings and ceiling fan. Master bath has double vanity sinks, large tub, separate shower, and a huge walk in closet. This highly desired split floor plan offers privacy. Second bedroom has a vaulted ceiling, ceiling fan, and private closet. The large eat in kitchen has custom cabinetry, side by side refrigerator, dishwasher, garbage disposal, stove and built in microwave. Laundry room has a washer and dryer that are included. Fun outdoor area with covered patio, ideal to entertain family and friends, also includes a bonus area off the family room.

ⓘ 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: $1,430 · $119/mo
• Projected year-2 tax: $1,430 · $119/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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 41% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,593
• − Mortgage interest: −$14,396
• − Property taxes: −$1,430
• − Insurance: −$1,285
• − Repairs & maintenance: −$1,807
• − Management: −$1,807
• − HOA: −$348
• − Depreciation: −$7,476
• Taxable loss: −$5,957
• Est. tax savings @ 24.0%: +$1,430
• After-tax cash flow: $42/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: Hoover City
• NCES district ID: 0100007
• Math proficiency: 45% ▼ -25.00%
• Reading proficiency: 66% ▲ 1.00%
• Median HH income: $76,210
• Composite: 49.77/100
• National rank: #1960
• State rank: #8 of 129 in AL

Livability — Hoover

• Score: 84/100
• State rank: #1
• US rank: #630

Category grades

Amenities B- Commute A- Cost of living C Crime A+ Employment A+ Housing A+ Health & safety C User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hoover, AL
• County: Jefferson County · 527,445 people
• City population: 76,805
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 38,588
• Household income: $124,516
• Rent vs Own: 16.7% rent · 83.3% own
• Severe rent burden: 539.0

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 White (73%)
• Race & ethnicity: White 73% Black 13% Asian 8% Two or more races 4% Hispanic / Latino 4%
• Common ancestry: Italian 6% Slovak 3% Serbian 3%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 90% English-only · Spanish 2% Other Indo-European 2% Chinese 2%

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: ▼ -200.60%
• Current HPI: 214.5202
• Rent YoY: ▲ 3.70%
• 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

+102.6% since first listed

13 events — show timeline

• 2026-03-11 Sold (Public Records) $253,000 Public Records
• 2026-02-23 Pending — Greater Alabama MLS
• 2026-02-19 Listed $257,000 Greater Alabama MLS
• 2026-02-17 Coming Soon $257,000 Greater Alabama MLS
• 2022-10-24 Sold (Public Records) $208,000 Public Records
• 2020-12-15 Sold (Public Records) $168,500 Public Records
• 2020-10-19 Sold (MLS) $168,500 Greater Alabama MLS
• 2020-09-20 Contingent — Greater Alabama MLS
• 2020-09-15 Listed $169,900 Greater Alabama MLS
• 2016-08-24 Sold (Public Records) $122,500 Public Records
• 2016-08-22 Sold (MLS) $122,500 Greater Alabama MLS
• 2016-07-23 Contingent — Greater Alabama MLS
• 2016-06-03 Listed $124,900 Greater Alabama MLS

Property tax history

+5.2%/yr

Latest (2025): $1,430 · +4.6% YoY. Source: county tax records.