305 Summerchase Dr · Calera, AL 35040

$235,000

4 bd · 2.0 ba · 1,350 sqft · SingleFamily public records · 51 Days on market

Built 1998 8,276 sqft lot $174/sqft · at area comps Est $238k · at est.

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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).

• Cash flow +18.7/30.0
• ARV discount +8.1/15.0
• DSCR +5.9/10.0
• 1% rule +3.9/10.0
• Schools +3.9/10.0
• 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

Great Home with a GREAT PRICE! BRAND NEW CARPET~~~!!! Tax records show it as one of the largest in the neighborhood. .. HUGE Bedrooms. .. Huge DEN. .. Large oversized garage. .. open kitchen with a breakfast bar . .. Propane Gas Logs. .. Back yard is one of the largest in the neighborhood. Fenced back yard! This home is located on the prerimeter of the subdivision and is private. .. Calera is in the USDA Rural Development so 100% financing is available! New Roof. .. new sliding glass doors, new water heater and new dishwasher over the last couple years. Great opportunity. .. don't miss it!

Key facts

• Stainless appliances
• Quartz counter tops
• Tiled back splash

Tags

• REMODELED HOME
• QUIET ESTABLISHED NEIGHBORHOOD
• WOOD BURNING FIREPLACE
• QUARTZ COUNTER TOPS
• TILED BACK SPLASH
• STAINLESS APPLIANCES

Property features AI

Finance

• Other: Property in Calera tax district
• Financial info: Quarterly garbage fee applies
• HOA & community: No association fee

Exterior

• Parking: Front garage entry; 2-car garage (main level); Driveway parking
• Utilities: Public water; Connected sewer; Electric water heater; Underground utilities; Ceiling fans and Energy Star appliances noted
• Home design: Existing single-family design; Subdivision: Summerchase
• Construction: Shingle roof; Vinyl siding; Slab foundation; Built on approximately 0.19 acre lot
• Exterior features: Fenced yard; Covered patio; Garden/patio area; Interior lot with some trees in a subdivision; Paved, public road access

Interior

• Kitchen: Solid surface countertops; Built-in dishwasher; Built-in microwave; Self-cleaning range; Electric stove; Some stainless steel appliances
• Bedrooms: Bedrooms located on the main level; Master bedroom on the main level with attached master bath; Walk-in closets
• Flooring: Hardwood laminate flooring
• Bathrooms: Two full bathrooms; Master bath with separate shower and garden tub; Some bathrooms feature separate vanities and linen closet; At least one shared bath and tub/shower combo
• Heating & cooling: Central heating and cooling; Electric heat with heat pump
• Interior features: Cathedral/vaulted ceilings; One gas fireplace with tile surround in the living room; Eating area off the kitchen; Attic with pull-down access; No additional interior features listed
• Laundry & utility: Main-level laundry in a closet; Washer hookup provided; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $164 ($2k/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 $209k (11.2% below list).
• Recommended offer: $209k (11.2% below list) — sets the bar for 1% rule.
• Cap rate 7.5% 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: 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 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 20% at this address vs 44% district-wide (-24 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); 374 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 51 days — a 3% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 14y ago; this cycle's ask has dropped $13k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $103k; list at $235k implies a 128% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; 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 $208,613 (11.2% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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: 0.89% ✗
• Cap rate: 7.47%
• Cash-on-cash: 4.21%
• DSCR: 1.19
• GRM: 9.4

CMA / ARV

• ARV (median comp): $238,393
• List price: $235,000
• Delta: -1.42%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
127 Sunset Ln	0.14mi	3/2.0 (-1)	1,399 (+4%)	8mo	$235,000	$168	76
109 Spring St	0.05mi	3/2.0 (-1)	1,416 (+5%)	15mo	$240,000	$169	72
132 Summerchase Pkwy	0.08mi	3/2.0 (-1)	1,260 (-7%)	10mo	$225,000	$179	72
452 Summerchase Dr	0.19mi	3/2.0 (-1)	1,388 (+3%)	14mo	$228,000	$164	70
117 Sunset Ln	0.12mi	3/2.0 (-1)	1,444 (+7%)	13mo	$200,000	$139	67
137 Spring St	0.12mi	3/2.0 (-1)	1,397 (+4%)	22mo	$215,000	$154	65
134 Spring St	0.12mi	3/2.0 (-1)	1,532 (+14%)	6mo	$220,000	$144	62
153 Summerchase Pkwy	0.14mi	3/2.0 (-1)	1,444 (+7%)	22mo	$235,000	$163	59
113 Spring St	0.05mi	3/2.0 (-1)	1,552 (+15%)	17mo	$236,000	$152	54
120 Summerchase Pkwy	0.05mi	3/2.0 (-1)	1,174 (-13%)	24mo	$225,000	$192	51

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: -10.9%
• Equity multiple: 0.60×
• Total profit: $-26,262
• Equity at exit: $35,039

10-year hold

• IRR: -0.8%
• Equity multiple: 0.94×
• Total profit: $-3,737
• Equity at exit: $20,319

Cash invested: $65,800 (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: 9.4×

Monthly cashflow live

• Estimated rent: $2,086 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$87 /mo · $1,045/yr
• Insurance: −$98
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $164

Break-even live

Break-even rent $1,878

Max offer price $235,000

Occupancy floor 87%

Sensitivity live

Price	-10% $297	-5% $231	+0% $164	+5% $98	+10% $31
Rent	-10% $-1	-5% $82	+0% $164	+5% $247	+10% $329
Rate	-1.0pp $283	-0.5pp $224	base $164	+0.5pp $103	+1.0pp $41

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
916 Daventry Trl Calera, AL	3.0	2.0	1331	$1,550	$1.16	3d	1	0.88mi
155 King Richards Way Calera, AL	3.0	2.5	1804	$1,900	$1.05	4d	1	0.98mi

Listing history 20 events

1. 2026-06-21
   days on market $235,000 Active 51 DOM
2. 2026-06-18
   days on market $235,000 Active 48 DOM
3. 2026-06-17
   days on market $235,000 Active 47 DOM
4. 2026-06-16
   days on market $235,000 Active 46 DOM
5. 2026-06-15
   days on market $235,000 Active 45 DOM
6. 2026-06-13
   days on market $235,000 Active 43 DOM
7. 2026-06-13
   pricedays on market $235,000 Active 42 DOM
8. 2026-06-10
   days on market $248,000 Active 40 DOM
9. 2026-06-09
   days on market $248,000 Active 39 DOM
10. 2026-06-08
    days on market $248,000 Active 38 DOM
11. 2026-06-07
    days on market $248,000 Active 37 DOM
12. 2026-06-05
    days on market $248,000 Active 34 DOM
13. 2026-06-03
    days on market $248,000 Active 33 DOM
14. 2026-06-02
    days on market $248,000 Active 32 DOM
15. 2026-06-01
    days on market $248,000 Active 31 DOM
16. 2026-05-31
    days on market $248,000 Active 30 DOM
17. 2026-05-01
    listed $248,000 Active 514-char remark
18. 2013-05-10
    soldstatus $103,000
19. 2013-05-03
    soldstatus $103,000 596-char remark

    Show marketing remark (596 chars)

    Great Home with a GREAT PRICE! BRAND NEW CARPET~~~!!! Tax records show it as one of the largest in the neighborhood. .. HUGE Bedrooms. .. Huge DEN. .. Large oversized garage. .. open kitchen with a breakfast bar . .. Propane Gas Logs. .. Back yard is one of the largest in the neighborhood. Fenced back yard! This home is located on the prerimeter of the subdivision and is private. .. Calera is in the USDA Rural Development so 100% financing is available! New Roof. .. new sliding glass doors, new water heater and new dishwasher over the last couple years. Great opportunity. .. don't miss it!

20. 2012-04-26
    listed $109,900 596-char remark

    Show marketing remark (596 chars)

    Great Home with a GREAT PRICE! BRAND NEW CARPET~~~!!! Tax records show it as one of the largest in the neighborhood. .. HUGE Bedrooms. .. Huge DEN. .. Large oversized garage. .. open kitchen with a breakfast bar . .. Propane Gas Logs. .. Back yard is one of the largest in the neighborhood. Fenced back yard! This home is located on the prerimeter of the subdivision and is private. .. Calera is in the USDA Rural Development so 100% financing is available! New Roof. .. new sliding glass doors, new water heater and new dishwasher over the last couple years. Great opportunity. .. don't miss it!

ⓘ 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: $1,045 · $87/mo
• Projected year-2 tax: $1,045 · $87/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 8/10 Severe FEMA zone X (unshaded) · 99% 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,034
• − Mortgage interest: −$13,164
• − Property taxes: −$1,045
• − Insurance: −$1,972
• − Repairs & maintenance: −$2,003
• − Management: −$2,003
• − Depreciation: −$6,836
• Taxable loss: −$1,990
• Est. tax savings @ 24.0%: +$478
• After-tax cash flow: $2,448/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

+113.8% since first listed

5 events — show timeline

• 2026-06-11 Price Changed $235,000 Greater Alabama MLS
• 2026-05-01 Listed $248,000 Greater Alabama MLS
• 2013-05-10 Sold (Public Records) $103,000 Public Records
• 2013-05-03 Sold (MLS) $103,000 Greater Alabama MLS
• 2012-04-26 Listed $109,900 Greater Alabama MLS

Property tax history

+4.0%/yr

Latest (2025): $1,045 · +0.2% YoY. Source: county tax records.