910 Chapel Creek Dr #1 · Hoover, AL 35226

$169,900

3 bd · 2.0 ba · 1,646 sqft · Condo · 243 Days on market

Built 1987 Good condition $103/sqft · 13% below area Est $195k · 13% under ↓ 7% since listing

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Why this score? — see what drove the B- 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 +23.0/30.0
• ARV discount +13.2/15.0
• 1% rule +7.9/10.0
• DSCR +7.4/10.0
• Schools +5.0/10.0
• Livability +4.2/5.0
• Condition / age +4.0/5.0
• Rent growth +3.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this bright and spacious home featuring 3-well-lit bedrooms with large walk-in closets, perfect for all your storage needs. The house includes 2 full bathrooms, each equipped with built-in closets and modern vanities with wide mirrors. Enjoy cooking in the stylish modern kitchen, complete with blue cabinets electric stove, dishwasher, and microwave- all included for your convenience. The open dining and living areas are filled with natural light, creating a warm and inviting atmosphere for family and guests. Step outside to a charming patio full of plants - a peaceful outdoor space ideal for relaxing or entertaining. Plus, the property offers access to a community swimming pool, perfect for family fun and enjoyment. Don't miss this opportunity to own a beautiful, move-in-ready home with comfort, style, and great amenities!

Key facts

• Modern vanities
• Walk-in closets
• Blue cabinets

Tags

• WALK-IN CLOSETS
• MODERN VANITIES
• BLUE CABINETS
• COMMUNITY SWIMMING POOL
• CHARMING PATIO

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $170k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $301 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $150k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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.
• Market conditions: Rents rising (+3.7%/yr); 203 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 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 $1k of loan paydown is wiped out by about $5k 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

• It's been on market 243 days — a 12% lower offer ($150k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $149,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 243 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.29% ✓
• Cap rate: 8.42%
• Cash-on-cash: 7.58%
• DSCR: 1.34
• GRM: 6.5

CMA / ARV

• ARV (median comp): $194,635
• List price: $169,900
• Delta: -12.71%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.7% rent growth · sell at horizon

5-year hold

• IRR: -3.7%
• Equity multiple: 0.86×
• Total profit: $-6,654
• Equity at exit: $25,333

10-year hold

• IRR: 7.0%
• Equity multiple: 1.55×
• Total profit: $26,066
• Equity at exit: $14,690

Cash invested: $47,572 (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: 6.5×

Monthly cashflow live

• Estimated rent: $2,186 medium
• Mortgage (P&I): −$891
• Tax est. 1.5%: −$212 /mo · $2,548/yr
• Insurance: −$71
• HOA est. from 1 same-building comp: −$252
• Vacancy / Maint / Mgmt: −$459
• Net cashflow: $301

Break-even live

Break-even rent $1,805

Max offer price $169,900

Occupancy floor 81%

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1755 Napier Dr Hoover, AL	4.0	3.0	1722	$2,250	$1.31	44d	1	0.56mi
2457 Jamestown Dr Hoover, AL	3.0	2.0	2157	$2,195	$1.02	24d	1	0.62mi
328 Amber Ln Hoover, AL	3.0	2.5	1981	$1,980	$1.00	21d	1	0.72mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: electricpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-18
   days on market $169,900 Active 243 DOM
2. 2026-06-17
   pricedays on market $169,900 Active 242 DOM
3. 2026-06-16
   days on market $172,900 Active 241 DOM
4. 2026-06-15
   days on market $172,900 Active 240 DOM
5. 2026-06-13
   days on market $172,900 Active 238 DOM
6. 2026-06-10
   days on market $172,900 Active 235 DOM
7. 2026-06-09
   days on market $172,900 Active 234 DOM
8. 2026-06-08
   days on market $172,900 Active 233 DOM
9. 2026-06-07
   days on market $172,900 Active 232 DOM
10. 2026-06-05
    days on market $172,900 Active 229 DOM
11. 2026-06-03
    days on market $172,900 Active 228 DOM
12. 2026-06-02
    days on market $172,900 Active 227 DOM
13. 2026-06-01
    days on market $172,900 Active 226 DOM
14. 2026-05-31
    days on market $172,900 Active 225 DOM
15. 2026-04-15
    price $172,900 845-char remark

    Show marketing remark (845 chars)

    Welcome to this bright and spacious home featuring 3-well-lit bedrooms with large walk-in closets, perfect for all your storage needs. The house includes 2 full bathrooms, each equipped with built-in closets and modern vanities with wide mirrors. Enjoy cooking in the stylish modern kitchen, complete with blue cabinets electric stove, dishwasher, and microwave- all included for your convenience. The open dining and living areas are filled with natural light, creating a warm and inviting atmosphere for family and guests. Step outside to a charming patio full of plants - a peaceful outdoor space ideal for relaxing or entertaining. Plus, the property offers access to a community swimming pool, perfect for family fun and enjoyment. Don't miss this opportunity to own a beautiful, move-in-ready home with comfort, style, and great amenities!

16. 2026-01-29
    price $175,900 845-char remark

    Show marketing remark (845 chars)

    Welcome to this bright and spacious home featuring 3-well-lit bedrooms with large walk-in closets, perfect for all your storage needs. The house includes 2 full bathrooms, each equipped with built-in closets and modern vanities with wide mirrors. Enjoy cooking in the stylish modern kitchen, complete with blue cabinets electric stove, dishwasher, and microwave- all included for your convenience. The open dining and living areas are filled with natural light, creating a warm and inviting atmosphere for family and guests. Step outside to a charming patio full of plants - a peaceful outdoor space ideal for relaxing or entertaining. Plus, the property offers access to a community swimming pool, perfect for family fun and enjoyment. Don't miss this opportunity to own a beautiful, move-in-ready home with comfort, style, and great amenities!

17. 2025-11-18
    price $180,000 845-char remark

    Show marketing remark (845 chars)

    Welcome to this bright and spacious home featuring 3-well-lit bedrooms with large walk-in closets, perfect for all your storage needs. The house includes 2 full bathrooms, each equipped with built-in closets and modern vanities with wide mirrors. Enjoy cooking in the stylish modern kitchen, complete with blue cabinets electric stove, dishwasher, and microwave- all included for your convenience. The open dining and living areas are filled with natural light, creating a warm and inviting atmosphere for family and guests. Step outside to a charming patio full of plants - a peaceful outdoor space ideal for relaxing or entertaining. Plus, the property offers access to a community swimming pool, perfect for family fun and enjoyment. Don't miss this opportunity to own a beautiful, move-in-ready home with comfort, style, and great amenities!

18. 2025-10-18
    listed $185,000 Active 845-char remark

    Show marketing remark (845 chars)

    Welcome to this bright and spacious home featuring 3-well-lit bedrooms with large walk-in closets, perfect for all your storage needs. The house includes 2 full bathrooms, each equipped with built-in closets and modern vanities with wide mirrors. Enjoy cooking in the stylish modern kitchen, complete with blue cabinets electric stove, dishwasher, and microwave- all included for your convenience. The open dining and living areas are filled with natural light, creating a warm and inviting atmosphere for family and guests. Step outside to a charming patio full of plants - a peaceful outdoor space ideal for relaxing or entertaining. Plus, the property offers access to a community swimming pool, perfect for family fun and enjoyment. Don't miss this opportunity to own a beautiful, move-in-ready home with comfort, style, and great amenities!

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,228
• − Mortgage interest: −$9,517
• − Property taxes: −$2,548
• − Insurance: −$850
• − Repairs & maintenance: −$2,098
• − Management: −$2,098
• − HOA: −$3,024
• − Depreciation: −$4,943
• Taxable income: $1,150
• Est. tax owed @ 24.0%: −$276
• After-tax cash flow: $3,330/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This bright and spacious condo is in good condition with modern finishes and a good layout. It has the potential to be a move-in-ready home with minor updates to the exterior and landscaping.

Value-add opportunities

• Both Painting the exterior and landscaping the patio. — Enhances curb appeal and adds value for both resale and rental.
• Resale Upgrading the kitchen appliances. — Modernizes the kitchen and appeals to potential buyers.
• Both Installing smart home features. — Improves convenience and adds value for both resale and rental.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and landscaping the patio. — Enhances curb appeal and adds value for both resale and rental. ↑
• Resale Upgrading the kitchen appliances. — Modernizes the kitchen and appeals to potential buyers. ↑
• Both Installing smart home features. — Improves convenience and adds value for both resale and rental. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

-6.5% since first listed

4 events — show timeline

• 2026-04-15 Price Changed $172,900 Greater Alabama MLS
• 2026-01-29 Price Changed $175,900 Greater Alabama MLS
• 2025-11-18 Price Changed $180,000 Greater Alabama MLS
• 2025-10-18 Listed $185,000 Greater Alabama MLS