106 King Valley St · Pelham, AL 35124

$236,500

3 bd · 2.0 ba · 1,161 sqft · SingleFamily public records · 116 Days on market

Built 1997 5,837 sqft lot $204/sqft · 14% below area Est $274k · 14% under

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Why this score? — see what drove the D- 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).

• ARV discount +13.6/15.0
• Cash flow +8.3/30.0
• Schools +5.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• 1% rule +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

WELCOME to this beautifully maintained 3 bedroom, 2 bathroom home located in the heart of pelham offering comfort, functionality, and plenty of room to grow. Inside , you'll find a bright and inviting layout with open living spaces perfect for everyday living or entertaining. Outside , enjoy a large fenced backyard complete with patio, ideal for outdoor dining, gatherings, or simply relaxing in a private setting. The property also features a large two-car garage, providing ample storage and workspace. An added bonus- the seller is willing to offer concessions toward closing costs, making this an excellent opportunity for buyer seeking value and affordability. This home blends convenience, space, and comfort- don't miss your chance to make it yours!

Key facts

• Open living spaces
• Large patio
• Fenced backyard

Tags

• FENCED BACKYARD
• LARGE PATIO
• OPEN LIVING SPACES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $236k.

Deal economics

• At list price, monthly cash flow is $-215 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $198k (16.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $154k (34.8% below list).
• Recommended offer: $154k (34.8% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 3.4% in Pelham — 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 68/100 on livability (#67 in AL) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: schools C-, amenities F, commute F.
• Market conditions: 190 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 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 $2k of loan paydown is wiped out by about $7k 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 116 days — a 9% lower offer ($215k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $134k; list at $236k implies a 76% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; major wind risk, 45% 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 $154,191 (34.8% 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. It's been on market 116 days. Have you received any prior offers? Is the seller open to a 35% concession, seller financing, or rate buy-down credit?
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. 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: 0.65% ✗
• Cap rate: 5.20%
• Cash-on-cash: -3.90%
• DSCR: 0.83
• GRM: 12.8

CMA / ARV

• ARV (median comp): $273,691
• List price: $236,500
• Delta: -13.59%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
144 King Valley Dr	0.13mi	3/1.5	1,196 (+3%)	9mo	$207,000	$173	79
605 King Valley Cir	0.17mi	2/1.0 (-1)	1,157 (-0%)	24mo	$244,000	$211	63
406 King Valley Cir	0.10mi	3/2.0	1,280 (+10%)	19mo	$180,000	$141	62
402 Holland Lakes Dr N	0.70mi	2/2.0 (-1)	1,106 (-5%)	1mo	$250,000	$226	53
374 Walker Way	0.64mi	3/2.0	1,291 (+11%)	4mo	$250,500	$194	48
130 Stone Hill Cir	0.45mi	3/2.0	1,322 (+14%)	15mo	$260,000	$197	43
389 Walker Way	0.70mi	3/2.0	1,291 (+11%)	9mo	$244,900	$190	41
301 Mills Way	0.74mi	3/2.0	1,290 (+11%)	8mo	$275,000	$213	40

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -22.9%
• Equity multiple: 0.21×
• Total profit: $-52,146
• Equity at exit: $35,263

10-year hold

• IRR: -17.5%
• Equity multiple: 0.04×
• Total profit: $-63,485
• Equity at exit: $20,448

Cash invested: $66,220 (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 35124

• Home prices YoY: -31.3%
• Active inventory: 190
• Price-to-rent: 12.8×

Monthly cashflow live

• Estimated rent: $1,542 high
• Mortgage (P&I): −$1,240
• Tax from tax record: −$95 /mo · $1,138/yr
• Insurance: −$99
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $-215

Break-even live

Break-even rent $1,815

Max offer price $198,438

Occupancy floor —

Sensitivity live

Price	-10% $-82	-5% $-149	+0% $-215	+5% $-282	+10% $-349
Rent	-10% $-337	-5% $-276	+0% $-215	+5% $-155	+10% $-94
Rate	-1.0pp $-96	-0.5pp $-155	base $-215	+0.5pp $-277	+1.0pp $-339

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: $59,125
• Closing costs: $7,095
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3511 Highway 52 W Unit A Pelham, AL	2.0	1.0	1000	$825	$0.82	3d	1	0.08mi
102 Rockbrook Ln Pelham, AL	3.0	2.0	1277	$1,751	$1.37	16d	1	0.09mi
513 Walker Rd Pelham, AL	3.0	2.0	1278	$1,790	$1.40	11d	1	0.65mi
4717 Hollow Ln Helena, AL	3.0	2.0	1298	$1,781	$1.37	20d	1	0.90mi
314 Coales Branch Cir Pelham, AL	2.0	2.0	1221	$1,445	$1.18	4d	1	0.92mi
1592 King James Dr Alabaster, AL	2.0	1.5	1232	$1,573	$1.28	2d	1	1.20mi
1588 King James Dr Alabaster, AL	2.0	1.5	1261	$1,573	$1.25	11d	1	1.20mi
2005 King Arthur Cir Alabaster, AL	3.0	2.0	1308	$1,600	$1.22	11d	1	1.23mi
208 Rolling Mill St Unit 6 Helena, AL	2.0	1.0	840	$775	$0.92	3d	1	1.35mi
208 Rolling Mill St Unit 7 Helena, AL	2.0	1.0	840	$750	$0.89	44d	1	1.35mi
102 Frances Ln Helena, AL	2.0	2.0	1400	$1,600	$1.14	2d	1	1.35mi
177 Cedar Bend Dr Helena, AL	3.0	2.5	1500	$1,750	$1.17	2d	1	1.46mi
108 Sugar Hill Ln Alabaster, AL	2.0	2.0	1147	$1,588	$1.38	15d	1	1.47mi
9014 Brookline Ln Helena, AL	2.0	2.0	1171	$1,595	$1.36	16d	1	1.48mi
200 Willow Point Cir Alabaster, AL	2.0	2.0	1147	$1,450	$1.26	11d	1	1.50mi

Listing history 20 events

1. 2026-06-18
   days on market $236,500 Active 116 DOM
2. 2026-06-17
   days on market $236,500 Active 115 DOM
3. 2026-06-16
   days on market $236,500 Active 114 DOM
4. 2026-06-15
   days on market $236,500 Active 113 DOM
5. 2026-06-13
   days on market $236,500 Active 111 DOM
6. 2026-06-13
   days on market $236,500 Active 110 DOM
7. 2026-06-10
   days on market $236,500 Active 108 DOM
8. 2026-06-09
   days on market $236,500 Active 107 DOM
9. 2026-06-08
   days on market $236,500 Active 106 DOM
10. 2026-06-07
    days on market $236,500 Active 105 DOM
11. 2026-06-05
    days on market $236,500 Active 102 DOM
12. 2026-06-03
    days on market $236,500 Active 101 DOM
13. 2026-06-02
    days on market $236,500 Active 100 DOM
14. 2026-06-01
    days on market $236,500 Active 99 DOM
15. 2026-05-31
    days on market $236,500 Active 98 DOM
16. 2026-05-07
    price $246,500 758-char remark

    Show marketing remark (758 chars)

    WELCOME to this beautifully maintained 3 bedroom, 2 bathroom home located in the heart of pelham offering comfort, functionality, and plenty of room to grow. Inside , you'll find a bright and inviting layout with open living spaces perfect for everyday living or entertaining. Outside , enjoy a large fenced backyard complete with patio, ideal for outdoor dining, gatherings, or simply relaxing in a private setting. The property also features a large two-car garage, providing ample storage and workspace. An added bonus- the seller is willing to offer concessions toward closing costs, making this an excellent opportunity for buyer seeking value and affordability. This home blends convenience, space, and comfort- don't miss your chance to make it yours!

17. 2026-03-03
    price $248,500 758-char remark

    Show marketing remark (758 chars)

    WELCOME to this beautifully maintained 3 bedroom, 2 bathroom home located in the heart of pelham offering comfort, functionality, and plenty of room to grow. Inside , you'll find a bright and inviting layout with open living spaces perfect for everyday living or entertaining. Outside , enjoy a large fenced backyard complete with patio, ideal for outdoor dining, gatherings, or simply relaxing in a private setting. The property also features a large two-car garage, providing ample storage and workspace. An added bonus- the seller is willing to offer concessions toward closing costs, making this an excellent opportunity for buyer seeking value and affordability. This home blends convenience, space, and comfort- don't miss your chance to make it yours!

18. 2026-02-22
    listed $259,500 Active 758-char remark

    Show marketing remark (758 chars)

    WELCOME to this beautifully maintained 3 bedroom, 2 bathroom home located in the heart of pelham offering comfort, functionality, and plenty of room to grow. Inside , you'll find a bright and inviting layout with open living spaces perfect for everyday living or entertaining. Outside , enjoy a large fenced backyard complete with patio, ideal for outdoor dining, gatherings, or simply relaxing in a private setting. The property also features a large two-car garage, providing ample storage and workspace. An added bonus- the seller is willing to offer concessions toward closing costs, making this an excellent opportunity for buyer seeking value and affordability. This home blends convenience, space, and comfort- don't miss your chance to make it yours!

19. 2006-06-28
    soldstatus $134,000
20. 2004-03-01
    soldstatus $114,500

ⓘ 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: $1,138 · $95/mo
• Projected year-2 tax: $1,138 · $95/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 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 45% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,503
• − Mortgage interest: −$13,248
• − Property taxes: −$1,138
• − Insurance: −$1,182
• − Repairs & maintenance: −$1,480
• − Management: −$1,480
• − Depreciation: −$6,880
• Taxable loss: −$6,905
• Est. tax savings @ 24.0%: +$1,657
• After-tax cash flow: $-928/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)

No district data.

Livability — Pelham

• Score: 68/100
• State rank: #67
• US rank: #9412

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pelham, AL
• County: Shelby County · 188,970 people
• City population: 25,238
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 25,238
• Household income: $99,726
• Rent vs Own: 16.2% rent · 83.8% own
• Severe rent burden: 392.0

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: Predominantly White (67%)
• Race & ethnicity: White 67% Hispanic / Latino 14% Black 13% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 7% Puerto Rican 2%
• Common ancestry: Italian 3% Slovak 2% Serbian 2%
• Foreign-born: 9% · Canada, Vietnam, Jamaica
• Languages at home: 86% English-only · Spanish 11% Vietnamese 1% Other Indo-European 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: ▼ -94.12%
• Current HPI: 206.4805
• Rent YoY: —
• 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

+115.3% since first listed

5 events — show timeline

• 2026-05-07 Price Changed $246,500 Greater Alabama MLS
• 2026-03-03 Price Changed $248,500 Greater Alabama MLS
• 2026-02-22 Listed $259,500 Greater Alabama MLS
• 2006-06-28 Sold (Public Records) $134,000 Public Records
• 2004-03-01 Sold (Public Records) $114,500 Public Records

Property tax history

+4.0%/yr

Latest (2025): $1,138 · +3.9% YoY. Source: county tax records.