1811 21st Ave · Calera, AL 35040

$155,000

2 bd · 1.0 ba · 1,053 sqft · SingleFamily public records · 49 Days on market

Built 1955 0.30 ac lot $147/sqft · 26% below area Est $211k · 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 +15.8/30.0
• ARV discount +15.0/15.0
• DSCR +4.9/10.0
• Schools +3.9/10.0
• 1% rule +3.7/10.0
• Rent growth +3.4/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * Charming 2BR/1BA cottage in the heart of Calera! * * Set on nearly half an acre, this move-in ready home offers comfort, updates, and small-town appeal. Mature trees, including a gorgeous magnolia, create a welcoming setting, while the small fenced area and detached garage with workshop space add flexibility. Inside, you’ll find this home has no carpet but beautiful hardwoods. The white kitchen is large, with white cabinets, laminate countertops, a tile backsplash, tile flooring, and a separate laundry room. The full bath has a tub/shower combo and linen closet. Major 2024 improvements include a new roof, HVAC, water heater, dishwasher, and fresh interior paint. With approx. 1,053+/- sq ft of one-level living, this home is ideal for a first-time buyer, someone looking to downsize, or an investor. Convenient to shopping, dining, and everyday needs, plus just one block from a public storm shelter.

Key facts

• 0.3 acre lot
• Garage
• Built 1955

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $72 ($863/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 $135k (12.9% below list).
• Recommended offer: $135k (12.9% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.5% in Calera — 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 59/100 on livability (#325 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, employment A-; Watch: schools D+, amenities F, commute F.
• Shelby County (suburban): math 30% / reading 58% proficiency, ranked #16 of 129 in AL (top 12%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.7%/yr); 374 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 987 units permitted in Shelby County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Shelby County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $112k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 57% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,069 (12.9% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.87% ✗
• Cap rate: 6.85%
• Cash-on-cash: 1.99%
• DSCR: 1.09
• GRM: 9.6

CMA / ARV

• ARV (median comp): $210,597
• List price: $155,000
• Delta: -26.40%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1540 19th Ave	0.30mi	3/2.0 (+1)	1,104 (+5%)	14mo	$181,500	$164	57
228 Meriweather Ln	0.67mi	3/2.0 (+1)	1,076 (+2%)	12mo	$177,000	$164	46
401 Meriweather Ln	0.61mi	3/2.0 (+1)	1,159 (+10%)	6mo	$164,000	$142	41
1003 Meriweather Dr	0.65mi	3/2.0 (+1)	1,177 (+12%)	2mo	$225,000	$191	39
138 Merimeadows Dr	0.72mi	3/2.0 (+1)	1,177 (+12%)	20mo	$188,500	$160	21
624 Meriweather Dr	0.73mi	3/2.0 (+1)	1,198 (+14%)	18mo	$221,000	$184	19
801 Meriweather Dr	0.73mi	3/2.5 (+1)	1,178 (+12%)	20mo	$170,000	$144	19

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 · 3.67% rent growth · sell at horizon

5-year hold

• IRR: -12.5%
• Equity multiple: 0.55×
• Total profit: $-19,647
• Equity at exit: $23,111

10-year hold

• IRR: -2.5%
• Equity multiple: 0.83×
• Total profit: $-7,505
• Equity at exit: $13,402

Cash invested: $43,400 (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 35040

• Home prices YoY: -16.5%
• Rents YoY: 3.7%
• Active inventory: 374
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,351 high
• Mortgage (P&I): −$813
• Tax from tax record: −$118 /mo · $1,413/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $72

Break-even live

Break-even rent $1,260

Max offer price $155,000

Occupancy floor 90%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2150 20th St #2 Calera, AL	2.0	1.0	880	$695	$0.79	3d	1	0.16mi
100 Enclave Ave Calera, AL	3.0	2.0	1247	$1,585	$1.27	19d	1	0.57mi
148 Enclave Ave Calera, AL	3.0	2.0	1340	$4,150	$3.10	1d	1	0.65mi
1114 Emerald Ridge Dr Calera, AL	3.0	2.0	1166	$1,536	$1.32	3d	1	1.11mi
817 Ashford Dr Calera, AL	3.0	2.0	1143	$1,895	$1.66	23d	1	1.21mi
813 Ashford Dr Calera, AL	3.0	2.0	1068	$1,895	$1.77	23d	1	1.21mi
821 Ashford Dr Calera, AL	3.0	2.0	1012	$1,895	$1.87	23d	1	1.21mi
127 Renwick Ln Calera, AL	3.0	2.0	1395	$1,501	$1.08	23d	1	1.46mi
208 Hampton Dr Calera, AL	3.0	2.0	1293	$1,738	$1.34	16d	1	1.48mi

Listing history 20 events

1. 2026-05-11
   status Pending 921-char remark

   Show marketing remark (921 chars)

   * * Charming 2BR/1BA cottage in the heart of Calera! * * Set on nearly half an acre, this move-in ready home offers comfort, updates, and small-town appeal. Mature trees, including a gorgeous magnolia, create a welcoming setting, while the small fenced area and detached garage with workshop space add flexibility. Inside, you’ll find this home has no carpet but beautiful hardwoods. The white kitchen is large, with white cabinets, laminate countertops, a tile backsplash, tile flooring, and a separate laundry room. The full bath has a tub/shower combo and linen closet. Major 2024 improvements include a new roof, HVAC, water heater, dishwasher, and fresh interior paint. With approx. 1,053+/- sq ft of one-level living, this home is ideal for a first-time buyer, someone looking to downsize, or an investor. Convenient to shopping, dining, and everyday needs, plus just one block from a public storm shelter.

2. 2026-05-02
   price $155,000 921-char remark

   Show marketing remark (921 chars)

   * * Charming 2BR/1BA cottage in the heart of Calera! * * Set on nearly half an acre, this move-in ready home offers comfort, updates, and small-town appeal. Mature trees, including a gorgeous magnolia, create a welcoming setting, while the small fenced area and detached garage with workshop space add flexibility. Inside, you’ll find this home has no carpet but beautiful hardwoods. The white kitchen is large, with white cabinets, laminate countertops, a tile backsplash, tile flooring, and a separate laundry room. The full bath has a tub/shower combo and linen closet. Major 2024 improvements include a new roof, HVAC, water heater, dishwasher, and fresh interior paint. With approx. 1,053+/- sq ft of one-level living, this home is ideal for a first-time buyer, someone looking to downsize, or an investor. Convenient to shopping, dining, and everyday needs, plus just one block from a public storm shelter.

3. 2026-05-01
   status Active 921-char remark

   Show marketing remark (921 chars)

   * * Charming 2BR/1BA cottage in the heart of Calera! * * Set on nearly half an acre, this move-in ready home offers comfort, updates, and small-town appeal. Mature trees, including a gorgeous magnolia, create a welcoming setting, while the small fenced area and detached garage with workshop space add flexibility. Inside, you’ll find this home has no carpet but beautiful hardwoods. The white kitchen is large, with white cabinets, laminate countertops, a tile backsplash, tile flooring, and a separate laundry room. The full bath has a tub/shower combo and linen closet. Major 2024 improvements include a new roof, HVAC, water heater, dishwasher, and fresh interior paint. With approx. 1,053+/- sq ft of one-level living, this home is ideal for a first-time buyer, someone looking to downsize, or an investor. Convenient to shopping, dining, and everyday needs, plus just one block from a public storm shelter.

4. 2026-04-21
   historical 921-char remark

   Show marketing remark (921 chars)

   * * Charming 2BR/1BA cottage in the heart of Calera! * * Set on nearly half an acre, this move-in ready home offers comfort, updates, and small-town appeal. Mature trees, including a gorgeous magnolia, create a welcoming setting, while the small fenced area and detached garage with workshop space add flexibility. Inside, you’ll find this home has no carpet but beautiful hardwoods. The white kitchen is large, with white cabinets, laminate countertops, a tile backsplash, tile flooring, and a separate laundry room. The full bath has a tub/shower combo and linen closet. Major 2024 improvements include a new roof, HVAC, water heater, dishwasher, and fresh interior paint. With approx. 1,053+/- sq ft of one-level living, this home is ideal for a first-time buyer, someone looking to downsize, or an investor. Convenient to shopping, dining, and everyday needs, plus just one block from a public storm shelter.

5. 2026-04-12
   price $160,000 921-char remark

   Show marketing remark (921 chars)

   * * Charming 2BR/1BA cottage in the heart of Calera! * * Set on nearly half an acre, this move-in ready home offers comfort, updates, and small-town appeal. Mature trees, including a gorgeous magnolia, create a welcoming setting, while the small fenced area and detached garage with workshop space add flexibility. Inside, you’ll find this home has no carpet but beautiful hardwoods. The white kitchen is large, with white cabinets, laminate countertops, a tile backsplash, tile flooring, and a separate laundry room. The full bath has a tub/shower combo and linen closet. Major 2024 improvements include a new roof, HVAC, water heater, dishwasher, and fresh interior paint. With approx. 1,053+/- sq ft of one-level living, this home is ideal for a first-time buyer, someone looking to downsize, or an investor. Convenient to shopping, dining, and everyday needs, plus just one block from a public storm shelter.

6. 2026-04-06
   price $165,000 921-char remark

   Show marketing remark (921 chars)

   * * Charming 2BR/1BA cottage in the heart of Calera! * * Set on nearly half an acre, this move-in ready home offers comfort, updates, and small-town appeal. Mature trees, including a gorgeous magnolia, create a welcoming setting, while the small fenced area and detached garage with workshop space add flexibility. Inside, you’ll find this home has no carpet but beautiful hardwoods. The white kitchen is large, with white cabinets, laminate countertops, a tile backsplash, tile flooring, and a separate laundry room. The full bath has a tub/shower combo and linen closet. Major 2024 improvements include a new roof, HVAC, water heater, dishwasher, and fresh interior paint. With approx. 1,053+/- sq ft of one-level living, this home is ideal for a first-time buyer, someone looking to downsize, or an investor. Convenient to shopping, dining, and everyday needs, plus just one block from a public storm shelter.

7. 2026-03-23
   price $169,000 921-char remark

   Show marketing remark (921 chars)

   * * Charming 2BR/1BA cottage in the heart of Calera! * * Set on nearly half an acre, this move-in ready home offers comfort, updates, and small-town appeal. Mature trees, including a gorgeous magnolia, create a welcoming setting, while the small fenced area and detached garage with workshop space add flexibility. Inside, you’ll find this home has no carpet but beautiful hardwoods. The white kitchen is large, with white cabinets, laminate countertops, a tile backsplash, tile flooring, and a separate laundry room. The full bath has a tub/shower combo and linen closet. Major 2024 improvements include a new roof, HVAC, water heater, dishwasher, and fresh interior paint. With approx. 1,053+/- sq ft of one-level living, this home is ideal for a first-time buyer, someone looking to downsize, or an investor. Convenient to shopping, dining, and everyday needs, plus just one block from a public storm shelter.

8. 2026-03-14
   listed $175,000 Active 921-char remark

   Show marketing remark (921 chars)

   * * Charming 2BR/1BA cottage in the heart of Calera! * * Set on nearly half an acre, this move-in ready home offers comfort, updates, and small-town appeal. Mature trees, including a gorgeous magnolia, create a welcoming setting, while the small fenced area and detached garage with workshop space add flexibility. Inside, you’ll find this home has no carpet but beautiful hardwoods. The white kitchen is large, with white cabinets, laminate countertops, a tile backsplash, tile flooring, and a separate laundry room. The full bath has a tub/shower combo and linen closet. Major 2024 improvements include a new roof, HVAC, water heater, dishwasher, and fresh interior paint. With approx. 1,053+/- sq ft of one-level living, this home is ideal for a first-time buyer, someone looking to downsize, or an investor. Convenient to shopping, dining, and everyday needs, plus just one block from a public storm shelter.

9. 2026-03-08
   historical $175,000 921-char remark

   Show marketing remark (921 chars)

   * * Charming 2BR/1BA cottage in the heart of Calera! * * Set on nearly half an acre, this move-in ready home offers comfort, updates, and small-town appeal. Mature trees, including a gorgeous magnolia, create a welcoming setting, while the small fenced area and detached garage with workshop space add flexibility. Inside, you’ll find this home has no carpet but beautiful hardwoods. The white kitchen is large, with white cabinets, laminate countertops, a tile backsplash, tile flooring, and a separate laundry room. The full bath has a tub/shower combo and linen closet. Major 2024 improvements include a new roof, HVAC, water heater, dishwasher, and fresh interior paint. With approx. 1,053+/- sq ft of one-level living, this home is ideal for a first-time buyer, someone looking to downsize, or an investor. Convenient to shopping, dining, and everyday needs, plus just one block from a public storm shelter.

10. 2025-08-04
    soldstatus $112,000 Sold 149-char remark

    Show marketing remark (149 chars)

    What a cute home. You have to come look at this one, living room, kitchen, 2 bedrooms, 1 bath and laundry room. New Roof, New HVAC, New Water Heater.

11. 2025-08-01
    status Pending 149-char remark

    Show marketing remark (149 chars)

    What a cute home. You have to come look at this one, living room, kitchen, 2 bedrooms, 1 bath and laundry room. New Roof, New HVAC, New Water Heater.

12. 2025-06-07
    historical Contingent 149-char remark

    Show marketing remark (149 chars)

    What a cute home. You have to come look at this one, living room, kitchen, 2 bedrooms, 1 bath and laundry room. New Roof, New HVAC, New Water Heater.

13. 2025-05-27
    listed $109,900 Active 149-char remark

    Show marketing remark (149 chars)

    What a cute home. You have to come look at this one, living room, kitchen, 2 bedrooms, 1 bath and laundry room. New Roof, New HVAC, New Water Heater.

14. 2023-10-20
    soldstatus $108,670
15. 2021-10-28
    soldstatus $106,900 Sold
16. 2021-10-28
    soldstatus $106,900
17. 2021-10-07
    historical Contingent
18. 2021-09-24
    listed $106,900 Active
19. 2021-09-21
    historical $106,900
20. 2006-11-13
    soldstatus $70,000

ⓘ 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: $1,413 · $118/mo
• Projected year-2 tax: $1,413 · $118/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 7/10 Severe 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 57% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,208
• − Mortgage interest: −$8,682
• − Property taxes: −$1,413
• − Insurance: −$775
• − Repairs & maintenance: −$1,297
• − Management: −$1,297
• − Depreciation: −$4,509
• Taxable loss: −$1,764
• Est. tax savings @ 24.0%: +$423
• After-tax cash flow: $1,286/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: Shelby County
• NCES district ID: 0103030
• Math proficiency: 30% ▼ -28.00%
• Reading proficiency: 58% ▲ 2.00%
• Median HH income: $66,672
• Composite: 39.29/100
• National rank: #3995
• State rank: #16 of 129 in AL

Livability — Calera

• Score: 59/100
• State rank: #325
• US rank: #19917

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Calera, AL
• County: Shelby County · 188,970 people
• City population: 19,304
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 19,304
• Household income: $84,554
• Rent vs Own: 21.1% rent · 78.9% own
• Severe rent burden: 388.0

Population outlook (Shelby County) Hauer SSP2

• Today (2025): 237,024 people
• By 2030: 249,868 · +5.4%
• By 2040: 272,778 · +15.1%
• By 2050: 291,062 · +22.8%
• By 2075: 326,049 · +37.6%
• By 2100: 335,870 · +41.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 59% Black 30% Hispanic / Latino 9% Two or more races 3%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Slovak 3% Italian 1% Serbian 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 91% English-only · Spanish 6% Arabic 1% Chinese 1%

Political lean MEDSL · Shelby

• 2024 margin: Solid R (+40.9) · D 29.0% · R 69.9% · Other 1.1%
• 2008→2024 swing: +12.6pp toward D · 2008: -53.4pp · 2024: -40.9pp
• All cycles: 2024: R+40.9 2020: R+40.4 2016: R+50.3 2012: R+55.6 2008: R+53.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -43.58%
• Current HPI: 220.2843
• Rent YoY: ▲ 3.67%
• 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

+121.4% since first listed

20 events — show timeline

• 2026-05-11 Pending — Greater Alabama MLS
• 2026-05-02 Price Changed $155,000 Greater Alabama MLS
• 2026-05-01 Relisted — Greater Alabama MLS
• 2026-04-21 Delisted — Greater Alabama MLS
• 2026-04-12 Price Changed $160,000 Greater Alabama MLS
• 2026-04-06 Price Changed $165,000 Greater Alabama MLS
• 2026-03-23 Price Changed $169,000 Greater Alabama MLS
• 2026-03-14 Listed $175,000 Greater Alabama MLS
• 2026-03-08 Coming Soon $175,000 Greater Alabama MLS
• 2025-08-04 Sold (MLS) $112,000 Greater Alabama MLS
• 2025-08-01 Pending — Greater Alabama MLS
• 2025-06-07 Contingent — Greater Alabama MLS
• 2025-05-27 Listed $109,900 Greater Alabama MLS
• 2023-10-20 Sold (Public Records) $108,670 Public Records
• 2021-10-28 Sold (Public Records) $106,900 Public Records
• 2021-10-28 Sold (MLS) $106,900 Greater Alabama MLS
• 2021-10-07 Contingent — Greater Alabama MLS
• 2021-09-24 Listed $106,900 Greater Alabama MLS
• 2021-09-21 Coming Soon $106,900 Greater Alabama MLS
• 2006-11-13 Sold (Public Records) $70,000 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,413 · +0.1% YoY. Source: county tax records.