156 Stonebriar Dr · Calera, AL 35040

$235,000

3 bd · 2.0 ba · 1,244 sqft · SingleFamily public records · 1 Days on market

Built 2007 6,098 sqft lot Est $216k · 9% over $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).

• Cash flow +13.8/30.0
• DSCR +4.2/10.0
• Schools +3.9/10.0
• ARV discount +3.6/15.0
• Rent growth +3.4/5.0
• Livability +3.0/5.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful home in Calera located minutes from the interstate. This 3 bedroom/2 bath home sits in an idyllic neighborhood. Sit by the fire pit and watch gorgeous sunsets in the backyard of this home.

Key facts

• Newer dishwasher
• Open layout
• Newer microwave

Tags

• OPEN LAYOUT
• PAINTED WHITE KITCHEN CABINETS
• NEWER DISHWASHER
• NEWER MICROWAVE
• UPDATED LIGHT FIXTURES
• LVP FLOORING

Property features AI

Finance

• HOA & community: Annual association fee of $200; HOA covers common grounds maintenance

Exterior

• Parking: Front entry; Driveway parking; 2-car garage (main level)
• Utilities: Public water; Connected sewer; Electric water heater; AT&T internet availability
• Home design: Single-family property (existing construction); Main-level living (rooms listed are on level 1); Siding exterior
• Construction: Built (existing); Siding (other) construction; Slab foundation
• Exterior features: Fenced yard; Covered patio; Subdivision setting; Paved road access

Interior

• Kitchen: Stone countertops; Eating area; Pantry; Built-in dishwasher; Built-in microwave; Refrigerator included; Some stainless appliances; Electric stove
• Bedrooms: Master bedroom on main level; Two additional bedrooms on main level; Walk-in closets
• Flooring: Carpet; Hardwood laminate; Tile floors
• Bathrooms: Two full bathrooms; Tub/shower combo; Linen closet
• Heating & cooling: Central heating; Central electric cooling; Programmable thermostat; Ceiling fans
• Interior features: Cathedral/vaulted and 9 ft.+ ceilings; Some window treatments to remain; Attic with pull-down access; No special interior built-ins noted
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $22 ($259/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 $184k (21.7% below list).
• Recommended offer: $184k (21.7% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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; 1 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $161k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $184,024 (21.7% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.78% ✗
• Cap rate: 6.40%
• Cash-on-cash: 0.39%
• DSCR: 1.02
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $216,456
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
613 Klynes Dr	0.42mi	3/2.0	1,234 (-1%)	1mo	$214,719	$174	78
428 Marsh Cir	0.38mi	3/2.0	1,246 (+0%)	5mo	$227,000	$182	78
637 Klynes Dr	0.42mi	3/2.0	1,234 (-1%)	2mo	$229,719	$186	77
129 Stonebriar Dr	0.08mi	3/2.0	1,361 (+9%)	9mo	$216,500	$159	73
127 Briarfield Ln	0.04mi	3/2.0	1,383 (+11%)	10mo	$225,000	$163	71
200 Stonebriar Dr	0.12mi	3/2.0	1,383 (+11%)	5mo	$235,000	$170	71
153 Old Ivy Rd	0.21mi	3/2.0	1,360 (+9%)	5mo	$248,900	$183	70
220 Stonebriar Dr	0.18mi	3/2.0	1,394 (+12%)	4mo	$230,000	$165	68
168 Briarfield Ln	0.14mi	3/2.0	1,391 (+12%)	8mo	$235,000	$169	67
178 Old Ivy Rd	0.28mi	3/2.0	1,347 (+8%)	10mo	$239,900	$178	65
2032 Turquoise Ln	0.42mi	3/2.0	1,348 (+8%)	6mo	$264,400	$196	61
632 Klynes Dr	0.30mi	3/2.0	1,425 (+14%)	3mo	$248,170	$174	59

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: -15.1%
• Equity multiple: 0.46×
• Total profit: $-35,549
• Equity at exit: $35,039

10-year hold

• IRR: -5.6%
• Equity multiple: 0.63×
• Total profit: $-24,360
• 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: 10.6×

Monthly cashflow live

• Estimated rent: $1,840 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$85 /mo · $1,020/yr
• Insurance: −$98
• HOA: −$17
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $22

Break-even live

Break-even rent $1,813

Max offer price $235,000

Occupancy floor 94%

Sensitivity live

Price	-10% $155	-5% $88	+0% $22	+5% $-45	+10% $-111
Rent	-10% $-124	-5% $-51	+0% $22	+5% $94	+10% $167
Rate	-1.0pp $140	-0.5pp $81	base $22	+0.5pp $-39	+1.0pp $-101

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 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
324 Oakmont CIR Calera, AL	3.0	2.0	1272	$1,795	$1.41	2d	1	1.36mi

HOA detail

• Monthly dues: $17 · $204/yr

Listing history 4 events

1. 2026-06-18
   statusdays on market $235,000 Active 1 DOM
2. 2026-06-18
   days on market $235,000 Coming Soon 2 DOM
3. 2026-06-17
   remarks 699-char remark
4. 2026-06-17
   listed $235,000 Coming Soon 1 DOM

ⓘ 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: $1,020 · $85/mo
• Projected year-2 tax: $1,020 · $85/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 5/10 Major
• 🌡 Heat 6/10 Major 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: $22,083
• − Mortgage interest: −$13,164
• − Property taxes: −$1,020
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,767
• − Management: −$1,767
• − HOA: −$204
• − Depreciation: −$6,836
• Taxable loss: −$3,849
• Est. tax savings @ 24.0%: +$924
• After-tax cash flow: $1,182/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

+50.6% since first listed

5 events — show timeline

• 2026-06-17 Coming Soon $235,000 Greater Alabama MLS
• 2021-01-07 Sold (Public Records) $161,000 Public Records
• 2021-01-06 Sold (MLS) $161,000 Greater Alabama MLS
• 2020-11-04 Contingent — Greater Alabama MLS
• 2020-11-02 Listed $156,000 Greater Alabama MLS

Property tax history

+5.2%/yr

Latest (2025): $1,020 · +0.1% YoY. Source: county tax records.