56 Park Dr S · Clanton, AL 35045

$135,000

2 bd · 1.5 ba · 1,423 sqft · Townhouse public records · 162 Days on market

Built 2005 $95/sqft · 12% below area Est $154k · 12% 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 +21.6/30.0
• ARV discount +13.0/15.0
• DSCR +6.9/10.0
• 1% rule +4.8/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming 2-bedroom, 1.5-bath townhome located in the Yellowleaf Park community. This property offers a functional layout that’s ideal for first-time homebuyers or those looking to downsize without sacrificing comfort. The home features a classic brick exterior with a private driveway, providing convenient off-street parking. Inside, you’ll find well-proportioned living spaces designed for easy everyday living. The half bath on the main level adds convenience for guests, while the two bedrooms upstairs offer privacy and comfort. One of the benefits is the low-maintenance lifestyle, making it perfect for busy homeowners or anyone wanting less upkeep. The location offers close proximity to shopping, dining, schools, and major roadways, keeping all daily conveniences within easy reach. Overall, this townhome is a practical, affordable option in a well-located neighborhood. Schedule your showing today and make this house your HOME!

Key facts

• Brick exterior
• Private driveway
• Built 2005

Tags

• BRICK EXTERIOR
• PRIVATE DRIVEWAY
• CLOSE PROXIMITY TO SHOPPING
• CLOSE PROXIMITY TO DINING
• CLOSE PROXIMITY TO SCHOOLS

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath townhouse listed at $135k.

Deal economics

• At list price, monthly cash flow is $204 ($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 $133k (1.5% below list).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 3.4% in Clanton — 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 61/100 on livability (#259 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D-, crime D-, amenities F.
• Chilton County (rural): math 15% / reading 34% proficiency, ranked #94 of 129 in AL (top 73%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 125 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 25 units permitted in Chilton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Chilton County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 162 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 16y ago; this cycle's ask has dropped $30k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $92k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 60% 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 $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 162 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.98% ✗
• Cap rate: 8.11%
• Cash-on-cash: 6.49%
• DSCR: 1.29
• GRM: 8.5

CMA / ARV

• ARV (median comp): $153,971
• List price: $135,000
• Delta: -12.32%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
83 Park Dr	0.06mi	3/2.0 (+1)	1,398 (-2%)	0mo	$159,900	$114	87
62 Park Dr	0.01mi	2/1.5	1,410 (-1%)	18mo	$140,000	$99	83

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: -6.3%
• Equity multiple: 0.76×
• Total profit: $-8,890
• Equity at exit: $20,129

10-year hold

• IRR: 3.3%
• Equity multiple: 1.24×
• Total profit: $8,888
• Equity at exit: $11,672

Cash invested: $37,800 (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 35045

• Home prices YoY: -25.8%
• Active inventory: 125
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,330 high
• Mortgage (P&I): −$708
• Tax from tax record: −$82 /mo · $982/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $204

Break-even live

Break-even rent $1,071

Max offer price $135,000

Occupancy floor 80%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
57 Park Dr S Clanton, AL	3.0	2.0	1192	$1,200	$1.01	43d	1	0.02mi
85 Park Dr S Clanton, AL	2.0	2.5	1204	$1,395	$1.16	23d	1	0.07mi
87 Park Dr S Clanton, AL	3.0	2.5	1344	$1,495	$1.11	23d	1	0.07mi
89 Park Dr S Clanton, AL	3.0	2.5	1344	$1,495	$1.11	23d	1	0.08mi
91 Park Dr S Clanton, AL	2.0	2.5	1204	$1,395	$1.16	23d	1	0.08mi

Listing history 27 events

1. 2026-06-18
   days on market $135,000 Active 162 DOM
2. 2026-06-17
   days on market $135,000 Active 161 DOM
3. 2026-06-16
   days on market $135,000 Active 160 DOM
4. 2026-06-15
   days on market $135,000 Active 159 DOM
5. 2026-06-13
   days on market $135,000 Active 157 DOM
6. 2026-06-13
   days on market $135,000 Active 156 DOM
7. 2026-06-10
   days on market $135,000 Active 154 DOM
8. 2026-06-09
   days on market $135,000 Active 153 DOM
9. 2026-06-08
   days on market $135,000 Active 152 DOM
10. 2026-06-07
    pricedays on market $135,000 Active 151 DOM
11. 2026-06-03
    days on market $139,900 Active 147 DOM
12. 2026-06-02
    days on market $139,900 Active 146 DOM
13. 2026-06-01
    days on market $139,900 Active 145 DOM
14. 2026-05-31
    days on market $139,900 Active 144 DOM
15. 2026-04-20
    price $139,900 968-char remark

    Show marketing remark (968 chars)

    Welcome to this charming 2-bedroom, 1.5-bath townhome located in the Yellowleaf Park community. This property offers a functional layout that’s ideal for first-time homebuyers or those looking to downsize without sacrificing comfort. The home features a classic brick exterior with a private driveway, providing convenient off-street parking. Inside, you’ll find well-proportioned living spaces designed for easy everyday living. The half bath on the main level adds convenience for guests, while the two bedrooms upstairs offer privacy and comfort. One of the benefits is the low-maintenance lifestyle, making it perfect for busy homeowners or anyone wanting less upkeep. The location offers close proximity to shopping, dining, schools, and major roadways, keeping all daily conveniences within easy reach. Overall, this townhome is a practical, affordable option in a well-located neighborhood. Schedule your showing today and make this house your HOME!

16. 2026-04-01
    price $144,900 968-char remark

    Show marketing remark (968 chars)

    Welcome to this charming 2-bedroom, 1.5-bath townhome located in the Yellowleaf Park community. This property offers a functional layout that’s ideal for first-time homebuyers or those looking to downsize without sacrificing comfort. The home features a classic brick exterior with a private driveway, providing convenient off-street parking. Inside, you’ll find well-proportioned living spaces designed for easy everyday living. The half bath on the main level adds convenience for guests, while the two bedrooms upstairs offer privacy and comfort. One of the benefits is the low-maintenance lifestyle, making it perfect for busy homeowners or anyone wanting less upkeep. The location offers close proximity to shopping, dining, schools, and major roadways, keeping all daily conveniences within easy reach. Overall, this townhome is a practical, affordable option in a well-located neighborhood. Schedule your showing today and make this house your HOME!

17. 2026-03-02
    price $149,900 968-char remark

    Show marketing remark (968 chars)

    Welcome to this charming 2-bedroom, 1.5-bath townhome located in the Yellowleaf Park community. This property offers a functional layout that’s ideal for first-time homebuyers or those looking to downsize without sacrificing comfort. The home features a classic brick exterior with a private driveway, providing convenient off-street parking. Inside, you’ll find well-proportioned living spaces designed for easy everyday living. The half bath on the main level adds convenience for guests, while the two bedrooms upstairs offer privacy and comfort. One of the benefits is the low-maintenance lifestyle, making it perfect for busy homeowners or anyone wanting less upkeep. The location offers close proximity to shopping, dining, schools, and major roadways, keeping all daily conveniences within easy reach. Overall, this townhome is a practical, affordable option in a well-located neighborhood. Schedule your showing today and make this house your HOME!

18. 2026-02-16
    price $155,000 968-char remark

    Show marketing remark (968 chars)

    Welcome to this charming 2-bedroom, 1.5-bath townhome located in the Yellowleaf Park community. This property offers a functional layout that’s ideal for first-time homebuyers or those looking to downsize without sacrificing comfort. The home features a classic brick exterior with a private driveway, providing convenient off-street parking. Inside, you’ll find well-proportioned living spaces designed for easy everyday living. The half bath on the main level adds convenience for guests, while the two bedrooms upstairs offer privacy and comfort. One of the benefits is the low-maintenance lifestyle, making it perfect for busy homeowners or anyone wanting less upkeep. The location offers close proximity to shopping, dining, schools, and major roadways, keeping all daily conveniences within easy reach. Overall, this townhome is a practical, affordable option in a well-located neighborhood. Schedule your showing today and make this house your HOME!

19. 2026-01-22
    price $159,900 968-char remark

    Show marketing remark (968 chars)

    Welcome to this charming 2-bedroom, 1.5-bath townhome located in the Yellowleaf Park community. This property offers a functional layout that’s ideal for first-time homebuyers or those looking to downsize without sacrificing comfort. The home features a classic brick exterior with a private driveway, providing convenient off-street parking. Inside, you’ll find well-proportioned living spaces designed for easy everyday living. The half bath on the main level adds convenience for guests, while the two bedrooms upstairs offer privacy and comfort. One of the benefits is the low-maintenance lifestyle, making it perfect for busy homeowners or anyone wanting less upkeep. The location offers close proximity to shopping, dining, schools, and major roadways, keeping all daily conveniences within easy reach. Overall, this townhome is a practical, affordable option in a well-located neighborhood. Schedule your showing today and make this house your HOME!

20. 2026-01-07
    listed $165,000 Active 968-char remark

    Show marketing remark (968 chars)

    Welcome to this charming 2-bedroom, 1.5-bath townhome located in the Yellowleaf Park community. This property offers a functional layout that’s ideal for first-time homebuyers or those looking to downsize without sacrificing comfort. The home features a classic brick exterior with a private driveway, providing convenient off-street parking. Inside, you’ll find well-proportioned living spaces designed for easy everyday living. The half bath on the main level adds convenience for guests, while the two bedrooms upstairs offer privacy and comfort. One of the benefits is the low-maintenance lifestyle, making it perfect for busy homeowners or anyone wanting less upkeep. The location offers close proximity to shopping, dining, schools, and major roadways, keeping all daily conveniences within easy reach. Overall, this townhome is a practical, affordable option in a well-located neighborhood. Schedule your showing today and make this house your HOME!

21. 2020-02-05
    soldstatus $91,815
22. 2018-04-20
    soldstatus $80,797
23. 2018-04-19
    soldstatus $79,000 333-char remark

    Show marketing remark (333 chars)

    Perfect starter home with 2 bedroom and one and half bath with lots of extras! All stainless appliance, upgraded flooring throughout, nice custom vanity in full bathroom, storage shed in back yard and much more. Seller is also willing to pay some closing costs with the right offer. The air conditioner was just replaced 3 years ago.

24. 2018-04-19
    soldstatus $79,000

    Show marketing remark (333 chars)

    Perfect starter home with 2 bedroom and one and half bath with lots of extras! All stainless appliance, upgraded flooring throughout, nice custom vanity in full bathroom, storage shed in back yard and much more. Seller is also willing to pay some closing costs with the right offer. The air conditioner was just replaced 3 years ago.

25. 2018-01-30
    listed $79,900 333-char remark

    Show marketing remark (333 chars)

    Perfect starter home with 2 bedroom and one and half bath with lots of extras! All stainless appliance, upgraded flooring throughout, nice custom vanity in full bathroom, storage shed in back yard and much more. Seller is also willing to pay some closing costs with the right offer. The air conditioner was just replaced 3 years ago.

26. 2018-01-26
    listed $79,900
27. 2010-09-19
    listed $79,900

ⓘ 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: $982 · $82/mo
• Projected year-2 tax: $982 · $82/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 · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 60% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,957
• − Mortgage interest: −$7,562
• − Property taxes: −$982
• − Insurance: −$675
• − Repairs & maintenance: −$1,277
• − Management: −$1,277
• − Depreciation: −$3,927
• Taxable income: $257
• Est. tax owed @ 24.0%: −$62
• After-tax cash flow: $2,391/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: Chilton County
• NCES district ID: 0100660
• Math proficiency: 15% ▼ -26.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $41,269
• Composite: 20.73/100
• National rank: #8520
• State rank: #94 of 129 in AL

Livability — Clanton

• Score: 61/100
• State rank: #259
• US rank: #18072

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clanton, AL
• County: Chilton County · 15,324 people
• City population: 15,324
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 15,324
• Household income: $65,907
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 326.0

Population outlook (Chilton County) Hauer SSP2

• Today (2025): 44,064 people
• By 2030: 43,694 · -0.8%
• By 2040: 42,168 · -4.3%
• By 2050: 39,667 · -10.0%
• By 2075: 31,397 · -28.7%
• By 2100: 21,319 · -51.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 9% Hispanic / Latino 7% Two or more races 4% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Serbian 2% Italian 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Chilton

• 2024 margin: Solid R (+72.1) · D 13.7% · R 85.8%
• 2008→2024 swing: -14.3pp toward R · 2008: -57.8pp · 2024: -72.1pp
• All cycles: 2024: R+72.1 2020: R+67.4 2016: R+66.6 2012: R+60.3 2008: R+57.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.21%
• Current HPI: 187.6339
• 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

+75.1% since first listed

13 events — show timeline

• 2026-04-20 Price Changed $139,900 Greater Alabama MLS
• 2026-04-01 Price Changed $144,900 Greater Alabama MLS
• 2026-03-02 Price Changed $149,900 Greater Alabama MLS
• 2026-02-16 Price Changed $155,000 Greater Alabama MLS
• 2026-01-22 Price Changed $159,900 Greater Alabama MLS
• 2026-01-07 Listed $165,000 Greater Alabama MLS
• 2020-02-05 Sold (Public Records) $91,815 Public Records
• 2018-04-20 Sold (Public Records) $80,797 Public Records
• 2018-04-19 Sold (MLS) $79,000 Greater Alabama MLS
• 2018-04-19 Sold (MLS) $79,000 MAAR
• 2018-01-30 Listed $79,900 MAAR
• 2018-01-26 Listed $79,900 Greater Alabama MLS
• 2010-09-19 Listed $79,900 MAAR

Property tax history

+13.0%/yr

Latest (2025): $982 · -1.7% YoY. Source: county tax records.