6324 Stonehaven Ln · Clay, AL 35126

$200,000

3 bd · 2.0 ba · 1,820 sqft · SingleFamily public records · 123 Days on market

Built 1979 0.36 ac lot $110/sqft · at area comps Est $272k · 26% 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 +16.4/30.0
• ARV discount +15.0/15.0
• DSCR +5.1/10.0
• 1% rule +3.9/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great home. Great location. Lots of room for the whole family. You can grow in this house. The basement is made for entertaining. The yard is for the ultimate cookout. Your rooms are large enough for the kids two twin beds and your king size bed. Your kitchen gives you the space for Sunday family dinners. Lots of shopping and highways to get where you need to go and the lifestyle you would like. Don't miss out on this beautiful 4 bedroom with a two car garage and covered deck.

Key facts

• 0.36 acre lot
• 2 garage spots
• Built 1979

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $59 ($704/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 $178k (10.9% below list).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 4.7% in Clay — 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 75/100 on livability (#16 in AL, #3,849 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: amenities F, commute F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+1.6%/yr); 186 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $6k 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 123 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 14y ago; this cycle's ask has dropped $25k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo.
• Climate carrying-cost: severe flood risk; major wind risk, 27% 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 $176,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 123 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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: 6.98%
• Cash-on-cash: 2.45%
• DSCR: 1.11
• GRM: 9.4

CMA / ARV

• ARV (median comp): $272,087
• List price: $200,000
• Delta: -26.49%
• 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
5820 Cheryl Dr	0.49mi	3/2.0	1,833 (+1%)	6mo	$179,900	$98	71
6031 Dewey Heights Rd	0.25mi	3/2.0	1,596 (-12%)	4mo	$191,500	$120	64
6333 Yellowhammer Dr	0.55mi	3/2.0	1,697 (-7%)	1mo	$260,000	$153	62
6142 Old Springville Rd	0.51mi	3/2.0	1,865 (+2%)	12mo	$225,000	$121	62
6592 Telia Dr	0.46mi	3/2.0	1,606 (-12%)	5mo	$210,000	$131	55
6602 Davison Rd	0.59mi	3/2.0	1,602 (-12%)	1mo	$185,000	$115	52
5763 Shadow Lake Dr	0.58mi	3/2.0	2,021 (+11%)	6mo	$380,000	$188	50
6268 Old Springville Rd	0.63mi	3/2.0	2,000 (+10%)	6mo	$289,000	$145	50
6460 Kathy Dr	0.61mi	3/2.0	1,560 (-14%)	2mo	$190,000	$122	46
5732 Oakhill Dr	0.57mi	4/2.0 (+1)	1,584 (-13%)	5mo	$195,000	$123	43
5829 Cheryl Dr	0.51mi	2/1.0 (-1)	2,044 (+12%)	6mo	$149,000	$73	42
5521 Katrix Ln	0.73mi	3/2.0	1,580 (-13%)	5mo	$205,000	$130	39

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 · 1.61% rent growth · sell at horizon

5-year hold

• IRR: -15.8%
• Equity multiple: 0.44×
• Total profit: $-31,125
• Equity at exit: $29,821

10-year hold

• IRR: -10.0%
• Equity multiple: 0.43×
• Total profit: $-32,073
• Equity at exit: $17,292

Cash invested: $56,000 (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 35126

• Home prices YoY: -22.4%
• Rents YoY: 1.6%
• Active inventory: 186
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,781 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$161 /mo · $1,929/yr
• Insurance: −$83
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $59

Break-even live

Break-even rent $1,707

Max offer price $200,000

Occupancy floor 92%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6599 Womack Rd Pinson, AL	4.0	2.0	1650	$1,870	$1.13	2d	1	0.47mi
6594 Davison Rd Pinson, AL	3.0	2.0	1304	$1,650	$1.27	23d	1	0.57mi
4800 Deer Foot Cv Pinson, AL	3.0	2.0	1550	$1,730	$1.12	43d	1	0.71mi
4832 Deer Foot Cv Pinson, AL	3.0	2.0	1714	$1,556	$0.91	21d	1	0.76mi
6820 Briarwood Dr Pinson, AL	4.0	3.0	1605	$1,845	$1.15	3d	1	1.22mi
5505 Leighaven Way Pinson, AL	3.0	2.5	1682	$2,000	$1.19	10d	1	1.26mi
5944 Tyler Loop Rd Pinson, AL	3.0	2.0	1247	$1,485	$1.19	23d	1	1.28mi
6877 Briarwood Dr Pinson, AL	3.0	2.0	1390	$1,595	$1.15	43d	1	1.31mi
5421 Faucett Rd Pinson, AL	3.0	2.0	1248	$1,195	$0.96	3d	1	1.36mi

Listing history 17 events

1. 2026-06-07
   statusdays on market $200,000 Pending 123 DOM
2. 2026-06-03
   days on market $200,000 Active 121 DOM
3. 2026-06-02
   days on market $200,000 Active 120 DOM
4. 2026-06-01
   days on market $200,000 Active 119 DOM
5. 2026-05-31
   days on market $200,000 Active 118 DOM
6. 2026-05-01
   price $200,000 481-char remark

   Show marketing remark (481 chars)

   Great home. Great location. Lots of room for the whole family. You can grow in this house. The basement is made for entertaining. The yard is for the ultimate cookout. Your rooms are large enough for the kids two twin beds and your king size bed. Your kitchen gives you the space for Sunday family dinners. Lots of shopping and highways to get where you need to go and the lifestyle you would like. Don't miss out on this beautiful 4 bedroom with a two car garage and covered deck.

7. 2026-04-23
   price $210,000 481-char remark

   Show marketing remark (481 chars)

   Great home. Great location. Lots of room for the whole family. You can grow in this house. The basement is made for entertaining. The yard is for the ultimate cookout. Your rooms are large enough for the kids two twin beds and your king size bed. Your kitchen gives you the space for Sunday family dinners. Lots of shopping and highways to get where you need to go and the lifestyle you would like. Don't miss out on this beautiful 4 bedroom with a two car garage and covered deck.

8. 2026-04-13
   price $215,000 481-char remark

   Show marketing remark (481 chars)

   Great home. Great location. Lots of room for the whole family. You can grow in this house. The basement is made for entertaining. The yard is for the ultimate cookout. Your rooms are large enough for the kids two twin beds and your king size bed. Your kitchen gives you the space for Sunday family dinners. Lots of shopping and highways to get where you need to go and the lifestyle you would like. Don't miss out on this beautiful 4 bedroom with a two car garage and covered deck.

9. 2026-03-30
   price $220,000 481-char remark

   Show marketing remark (481 chars)

   Great home. Great location. Lots of room for the whole family. You can grow in this house. The basement is made for entertaining. The yard is for the ultimate cookout. Your rooms are large enough for the kids two twin beds and your king size bed. Your kitchen gives you the space for Sunday family dinners. Lots of shopping and highways to get where you need to go and the lifestyle you would like. Don't miss out on this beautiful 4 bedroom with a two car garage and covered deck.

10. 2026-02-02
    listed $225,000 Active 481-char remark

    Show marketing remark (481 chars)

    Great home. Great location. Lots of room for the whole family. You can grow in this house. The basement is made for entertaining. The yard is for the ultimate cookout. Your rooms are large enough for the kids two twin beds and your king size bed. Your kitchen gives you the space for Sunday family dinners. Lots of shopping and highways to get where you need to go and the lifestyle you would like. Don't miss out on this beautiful 4 bedroom with a two car garage and covered deck.

11. 2022-08-31
    soldstatus $285,000
12. 2021-12-27
    soldstatus $149,000
13. 2013-04-30
    soldstatus $109,900 375-char remark

    Show marketing remark (375 chars)

    A Lot of House for the money!!!! Great Location!!! Great Schools!!!! Nice flat level lot with 4 Bedrooms, 2 Baths, Den Down, Nice size greatroom w/ fp, Large kitchen with all appliances remaining and Did I mention the Large new deck across the back for entertaining and family cookouts, plus a large fenced yard with an awesome covered area!!!! Call today to see this ONE!!!!

14. 2013-04-30
    soldstatus $109,900

    Show marketing remark (375 chars)

    A Lot of House for the money!!!! Great Location!!! Great Schools!!!! Nice flat level lot with 4 Bedrooms, 2 Baths, Den Down, Nice size greatroom w/ fp, Large kitchen with all appliances remaining and Did I mention the Large new deck across the back for entertaining and family cookouts, plus a large fenced yard with an awesome covered area!!!! Call today to see this ONE!!!!

15. 2012-08-22
    listed $119,900 375-char remark

    Show marketing remark (375 chars)

    A Lot of House for the money!!!! Great Location!!! Great Schools!!!! Nice flat level lot with 4 Bedrooms, 2 Baths, Den Down, Nice size greatroom w/ fp, Large kitchen with all appliances remaining and Did I mention the Large new deck across the back for entertaining and family cookouts, plus a large fenced yard with an awesome covered area!!!! Call today to see this ONE!!!!

16. 1994-09-29
    soldstatus $75,000
17. 1991-01-30
    soldstatus $75,000

ⓘ 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: $1,929 · $161/mo
• Projected year-2 tax: $1,929 · $161/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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,373
• − Mortgage interest: −$11,203
• − Property taxes: −$1,929
• − Insurance: −$1,666
• − Repairs & maintenance: −$1,710
• − Management: −$1,710
• − Depreciation: −$5,818
• Taxable loss: −$2,663
• Est. tax savings @ 24.0%: +$639
• After-tax cash flow: $1,343/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Clay

• Score: 75/100
• State rank: #16
• US rank: #3849

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clay, AL
• County: Jefferson County · 527,445 people
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 22,599
• Household income: $83,732
• Rent vs Own: 14.6% rent · 85.4% own
• Severe rent burden: 267.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 58% Black 28% Hispanic / Latino 8% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1%
• Common ancestry: Slovak 2% Lithuanian 1% Italian 1%
• Foreign-born: 5% · Canada, China, Jamaica
• Languages at home: 92% English-only · Spanish 5% Vietnamese 1% Chinese 0%

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: ▼ -54.52%
• Current HPI: 188.6439
• Rent YoY: ▲ 1.61%
• 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

+166.7% since first listed

12 events — show timeline

• 2026-05-01 Price Changed $200,000 Greater Alabama MLS
• 2026-04-23 Price Changed $210,000 Greater Alabama MLS
• 2026-04-13 Price Changed $215,000 Greater Alabama MLS
• 2026-03-30 Price Changed $220,000 Greater Alabama MLS
• 2026-02-02 Listed $225,000 Greater Alabama MLS
• 2022-08-31 Sold (Public Records) $285,000 Public Records
• 2021-12-27 Sold (Public Records) $149,000 Public Records
• 2013-04-30 Sold (Public Records) $109,900 Public Records
• 2013-04-30 Sold (MLS) $109,900 Greater Alabama MLS
• 2012-08-22 Listed $119,900 Greater Alabama MLS
• 1994-09-29 Sold (Public Records) $75,000 Public Records
• 1991-01-30 Sold (Public Records) $75,000 Public Records

Property tax history

+9.9%/yr

Latest (2025): $1,929 · +0.0% YoY. Source: county tax records.