1308 Kensington Blvd · Calera, AL 35040

$250,000

3 bd · 2.0 ba · 1,515 sqft · SingleFamily public records · 62 Days on market

Built 2010 8,276 sqft lot $165/sqft · 11% below area Est $280k · 11% under $17/mo HOA · 1% of rent

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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 +12.3/15.0
• Cash flow +8.1/30.0
• Schools +3.9/10.0
• Rent growth +3.4/5.0
• Livability +3.0/5.0
• 1% rule +2.6/10.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 1308 Kensington Blvd in the desirable Kensington neighborhood of Calera! This well-maintained home offers an open-concept layout with a spacious living room filled with natural light that flows seamlessly into the kitchen and dining area. The kitchen features ample cabinet space, a center island, and stainless steel appliances. Fresh paint throughout gives the home a bright, updated feel. The primary suite includes tray ceilings, a large layout, and an en-suite bath with dual vanities, soaking tub, and separate shower. Additional bedrooms offer flexibility for guests or a home office. Enjoy a fully fenced backyard with a screened-in patio, perfect for relaxing or entertaining. Co

Key facts

• Screened-in patio
• Ample cabinet space
• Center island

Tags

• OPEN-CONCEPT LAYOUT
• AMPLE CABINET SPACE
• CENTER ISLAND
• STAINLESS STEEL APPLIANCES
• FULLY FENCED BACKYARD
• SCREENED-IN PATIO

Property features AI

Finance

• Financial info: Down payment assistance available; Monthly garbage fee ($20)
• HOA & community: Annual association fee ($200/year) covering common grounds maintenance

Exterior

• Parking: Attached garage with front entry; Two garage spaces (main level); Driveway parking; Two carport spaces
• Utilities: Public water; Connected sewer; Underground utilities; Electric water heater; AT&T internet available; Energy features: ceiling fans, Energy Star appliances, LED lighting, programmable thermostat
• Home design: Single-family property; One level (main living on level 1); Existing construction; 1-side brick and vinyl siding exterior; Facing direction not provided
• Construction: Slab foundation; Built as existing (year built description: existing)
• Exterior features: Fenced yard; Screened porch/patio; Garden/patio; Interior lot with some trees; Sidewalks; Street lights; Paved public road access

Interior

• Kitchen: Stone countertops; Built-in dishwasher; Garbage disposal; Built-in microwave; Refrigerator included; Some stainless appliances
• Bedrooms: Master bedroom on main level; Additional bedrooms on main level; Walk-in closets; Sitting area in master
• Flooring: Hardwood laminate; Tile floors
• Bathrooms: Two full bathrooms; Separate vanities; Separate shower; Garden tub; Tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: 9+ foot smooth ceilings; French doors; Recessed lighting; Some window treatments to remain
• Laundry & utility: Laundry on main level (closet); Washer hookup; Electric dryer hookup; Attic access

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-245 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $215k (14.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (24.1% below list).
• Recommended offer: $190k (24.1% below list) — sets the bar for 1% rule.

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: amenities F, commute F, health & safety 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.
• Zoned schools: Calera Elementary (752 students, 64% FRL); Calera Middle (math 9% / reading 45%, grade F, #147 of 257 statewide, top 58%, 755 students, 61% FRL); Calera High (math 18% / reading 21%, grade F, #169 of 305 statewide, top 59%, 1,066 students, 59% FRL) — zoned schools average 62% FRL vs 26% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 23% at this address vs 44% district-wide (-21 pts) — the specific schools serving this property underperform the Shelby County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+3.7%/yr); 373 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 5d 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 $8k 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 62 days — a 6% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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.
• Current owner paid $144k; list at $250k implies a 74% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 56% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,847 (24.1% 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 62 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.76% ✗
• Cap rate: 5.12%
• Cash-on-cash: -4.20%
• DSCR: 0.81
• GRM: 11.0

CMA / ARV

• ARV (median comp): $279,657
• List price: $250,000
• Delta: -10.60%
• 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
1257 Kensington Blvd	0.10mi	3/2.0	1,515 (0%)	12mo	$245,000	$162	86
1340 Kensington Blvd	0.10mi	3/2.0	1,736 (+15%)	2mo	$283,000	$163	69
583 Waterford Ln	0.38mi	3/2.0	1,584 (+5%)	8mo	$258,900	$163	68
592 Waterford Ln	0.35mi	3/2.0	1,430 (-6%)	9mo	$252,500	$177	67
188 Waterford Lake Dr	0.36mi	3/2.0	1,651 (+9%)	2mo	$269,999	$164	66
1121 Village Trl	0.63mi	3/2.0	1,486 (-2%)	5mo	$218,000	$147	63
487 Waterford Dr	0.60mi	3/2.0	1,447 (-4%)	2mo	$254,000	$176	63
458 Waterford Dr	0.57mi	3/2.0	1,495 (-1%)	11mo	$239,000	$160	62
1020 Waterford Trl	0.58mi	3/2.0	1,459 (-4%)	11mo	$257,000	$176	58
2038 Village Ln	0.55mi	3/3.0	1,599 (+6%)	11mo	$218,000	$136	52
2107 Village Ln	0.67mi	3/2.0	1,406 (-7%)	7mo	$216,000	$154	51
1056 Village Trl	0.53mi	2/2.0 (-1)	1,287 (-15%)	8mo	$201,000	$156	38

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: -22.6%
• Equity multiple: 0.22×
• Total profit: $-54,781
• Equity at exit: $37,276

10-year hold

• IRR: -15.2%
• Equity multiple: 0.11×
• Total profit: $-62,270
• Equity at exit: $21,615

Cash invested: $70,000 (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: 373
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $1,898 medium
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$17
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $-245

Break-even live

Break-even rent $2,208

Max offer price $214,562

Occupancy floor —

Sensitivity live

Price	-10% $-72	-5% $-159	+0% $-245	+5% $-331	+10% $-418
Rent	-10% $-395	-5% $-320	+0% $-245	+5% $-170	+10% $-95
Rate	-1.0pp $-119	-0.5pp $-181	base $-245	+0.5pp $-310	+1.0pp $-376

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10 Kensington Manor Dr Calera, AL	1.0–2.0	1.0–2.0	1058	$2,147	$2.03	3d	1	0.28mi
2045 Highview Way Calera, AL	3.0	2.0	1556	$1,695	$1.09	5d	1	0.41mi
138 Village Dr Calera, AL	3.0	2.0	1406	$1,511	$1.07	5d	1	0.52mi

HOA detail

• Monthly dues: $17 · $204/yr

Listing history 32 events

1. 2026-06-21
   days on market $250,000 Active 62 DOM
2. 2026-06-18
   days on market $250,000 Active 59 DOM
3. 2026-06-17
   days on market $250,000 Active 58 DOM
4. 2026-06-16
   days on market $250,000 Active 57 DOM
5. 2026-06-15
   days on market $250,000 Active 56 DOM
6. 2026-06-13
   days on market $250,000 Active 54 DOM
7. 2026-06-13
   days on market $250,000 Active 53 DOM
8. 2026-06-10
   days on market $250,000 Active 51 DOM
9. 2026-06-09
   days on market $250,000 Active 50 DOM
10. 2026-06-08
    days on market $250,000 Active 49 DOM
11. 2026-06-07
    days on market $250,000 Active 48 DOM
12. 2026-06-05
    days on market $250,000 Active 45 DOM
13. 2026-06-03
    days on market $250,000 Active 44 DOM
14. 2026-06-02
    days on market $250,000 Active 43 DOM
15. 2026-06-02
    price $250,000 Active 42 DOM
16. 2026-06-01
    days on market $255,000 Active 42 DOM
17. 2026-05-31
    days on market $255,000 Active 41 DOM
18. 2026-04-20
    listed $255,000 Active 750-char remark
19. 2026-01-05
    price $252,000
20. 2025-10-09
    price $255,000
21. 2025-10-06
    price $258,700
22. 2018-08-15
    soldstatus $143,500
23. 2018-08-13
    soldstatus $143,500 Sold
24. 2018-08-06
    historical
25. 2018-07-25
    historical Contingent
26. 2018-07-13
    listed $153,500 Active
27. 2018-01-26
    soldstatus $143,000 Sold
28. 2018-01-26
    soldstatus $143,000
29. 2018-01-03
    historical
30. 2017-11-29
    historical Contingent
31. 2017-10-14
    price $144,900
32. 2017-09-18
    listed $149,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 56% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,782
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,823
• − Management: −$1,823
• − HOA: −$204
• − Depreciation: −$7,273
• Taxable loss: −$7,344
• Est. tax savings @ 24.0%: +$1,763
• After-tax cash flow: $-1,176/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

+66.8% since first listed

16 events — show timeline

• 2026-06-02 Price Changed $250,000 Greater Alabama MLS
• 2026-04-20 Listed $255,000 Greater Alabama MLS
• 2026-01-05 Price Changed $252,000 Greater Alabama MLS
• 2025-10-09 Price Changed $255,000 Greater Alabama MLS
• 2025-10-06 Price Changed $258,700 Greater Alabama MLS
• 2018-08-15 Sold (Public Records) $143,500 Public Records
• 2018-08-13 Sold (MLS) $143,500 Greater Alabama MLS
• 2018-08-06 Delisted — Greater Alabama MLS
• 2018-07-25 Contingent — Greater Alabama MLS
• 2018-07-13 Listed $153,500 Greater Alabama MLS
• 2018-01-26 Sold (Public Records) $143,000 Public Records
• 2018-01-26 Sold (MLS) $143,000 Greater Alabama MLS
• 2018-01-03 Delisted — Greater Alabama MLS
• 2017-11-29 Contingent — Greater Alabama MLS
• 2017-10-14 Price Changed $144,900 Greater Alabama MLS
• 2017-09-18 Listed $149,900 Greater Alabama MLS