132 Carrington Ln · Calera, AL 35040

$192,900

3 bd · 2.0 ba · 1,208 sqft · SingleFamily public records · 59 Days on market

Built 1999 4,791 sqft lot $160/sqft · 12% below area Est $218k · 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 +17.2/30.0
• ARV discount +12.7/15.0
• DSCR +5.4/10.0
• 1% rule +4.1/10.0
• 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

Move-in ready home in the heart of Calera offering a functional layout and convenient location. Living room is filled with natural light and features soaring vault ceiling, creating a great space for entertaining that flows seamlessly into kitchen. Kitchen includes pantry and bay window eat-in area. Large primary suite has tray ceiling and walk-in closet. Screened patio offers bug-free place to hang out after work is over. Storage shed gives extra room for tools, equipment, or seasonal storage. Ideally located near shopping, grocery stores, and dining, with quick access to I-65 for an easy commute. Call today to schedule your private showing.

Key facts

• Pantry
• Walk-in closet
• Vault ceiling

Tags

• FUNCTIONAL LAYOUT
• NATURAL LIGHT
• VAULT CEILING
• PANTRY
• BAY WINDOW EAT-IN AREA
• WALK-IN CLOSET

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $193k.

Deal economics

• At list price, monthly cash flow is $137 ($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 $175k (9.1% below list).
• Recommended offer: $175k (9.1% below list) — sets the bar for 1% rule.
• Cap rate 7.1% 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: schools D+, amenities F, commute 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.
• Market conditions: Rents rising (+3.7%/yr); 374 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $6k 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 59 days — a 3% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 13y ago; this cycle's ask has dropped $12k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 55% 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 $175,255 (9.1% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
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. 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.
5. 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.
6. 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: 0.91% ✗
• Cap rate: 7.15%
• Cash-on-cash: 3.05%
• DSCR: 1.14
• GRM: 9.2

CMA / ARV

• ARV (median comp): $218,328
• List price: $192,900
• Delta: -11.65%
• 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
160 Carrington Ln	0.06mi	3/2.0	1,216 (+1%)	11mo	$210,000	$173	87
181 Carrington Ln	0.10mi	3/2.0	1,310 (+8%)	0mo	$225,000	$172	81
1016 Mcallister Dr	0.30mi	3/2.0	1,305 (+8%)	8mo	$220,000	$169	66
655 The Heights Ln	0.48mi	2/2.5 (-1)	1,230 (+2%)	4mo	$195,000	$159	64
165 Creekstone Trl	0.67mi	3/2.0	1,204 (-0%)	7mo	$205,500	$171	62
142 Creekstone Trl	0.64mi	3/2.0	1,166 (-4%)	3mo	$222,000	$190	62
212 Creekstone Trl	0.65mi	3/2.0	1,228 (+2%)	6mo	$235,000	$191	62
115 Charlton Ln	0.35mi	3/2.0	1,367 (+13%)	2mo	$215,000	$157	60
109 Creekstone Trl	0.63mi	3/2.0	1,187 (-2%)	11mo	$240,000	$202	58
974 Savannah Ln	0.30mi	3/2.0	1,387 (+15%)	6mo	$209,000	$151	56
101 Stonecreek Pl	0.62mi	2/2.0 (-1)	1,173 (-3%)	11mo	$210,000	$179	52
112 Stonecreek Pl	0.58mi	3/2.0	1,366 (+13%)	8mo	$234,900	$172	44

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: -10.8%
• Equity multiple: 0.60×
• Total profit: $-21,339
• Equity at exit: $28,762

10-year hold

• IRR: -0.6%
• Equity multiple: 0.95×
• Total profit: $-2,467
• Equity at exit: $16,678

Cash invested: $54,012 (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: 9.2×

Monthly cashflow live

• Estimated rent: $1,753 high
• Mortgage (P&I): −$1,012
• Tax from tax record: −$155 /mo · $1,861/yr
• Insurance: −$80
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $137

Break-even live

Break-even rent $1,579

Max offer price $192,900

Occupancy floor 87%

Sensitivity live

Price	-10% $247	-5% $192	+0% $137	+5% $83	+10% $28
Rent	-10% $-1	-5% $68	+0% $137	+5% $207	+10% $276
Rate	-1.0pp $235	-0.5pp $187	base $137	+0.5pp $87	+1.0pp $37

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: $48,225
• Closing costs: $5,787
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
115 Charlton Ln Calera, AL	3.0	2.0	1367	$1,695	$1.24	44d	1	0.34mi
680 The Heights Ln Calera, AL	3.0	2.5	1397	$1,750	$1.25	2d	1	0.47mi
699 The Heights Ln Calera, AL	2.0	2.5	1100	$1,400	$1.27	11d	1	0.51mi
192 Stonecreek Pl Calera, AL	3.0	2.0	1220	$1,738	$1.42	4d	1	0.61mi
2027 Rossburg Pl Calera, AL	2.0	2.0	1073	$1,300	$1.21	24d	1	0.86mi
446 Savannah Cv Calera, AL	3.0	2.0	1492	$1,800	$1.21	24d	1	0.88mi
2000 Rossburg Pl Calera, AL	2.0	2.0	1142	$1,500	$1.31	4d	1	0.89mi
916 Daventry Trl Calera, AL	3.0	2.0	1331	$1,550	$1.16	3d	1	0.89mi

Listing history 32 events

1. 2026-06-18
   days on market $192,900 Active 59 DOM
2. 2026-06-17
   days on market $192,900 Active 58 DOM
3. 2026-06-16
   days on market $192,900 Active 57 DOM
4. 2026-06-15
   days on market $192,900 Active 56 DOM
5. 2026-06-13
   days on market $192,900 Active 54 DOM
6. 2026-06-13
   days on market $192,900 Active 53 DOM
7. 2026-06-10
   days on market $192,900 Active 51 DOM
8. 2026-06-09
   days on market $192,900 Active 50 DOM
9. 2026-06-08
   days on market $192,900 Active 49 DOM
10. 2026-06-07
    days on market $192,900 Active 48 DOM
11. 2026-06-05
    days on market $192,900 Active 45 DOM
12. 2026-06-03
    days on market $192,900 Active 44 DOM
13. 2026-06-02
    days on market $192,900 Active 43 DOM
14. 2026-06-01
    days on market $192,900 Active 42 DOM
15. 2026-05-31
    days on market $192,900 Active 41 DOM
16. 2026-05-05
    price $199,900 650-char remark

    Show marketing remark (650 chars)

    Move-in ready home in the heart of Calera offering a functional layout and convenient location. Living room is filled with natural light and features soaring vault ceiling, creating a great space for entertaining that flows seamlessly into kitchen. Kitchen includes pantry and bay window eat-in area. Large primary suite has tray ceiling and walk-in closet. Screened patio offers bug-free place to hang out after work is over. Storage shed gives extra room for tools, equipment, or seasonal storage. Ideally located near shopping, grocery stores, and dining, with quick access to I-65 for an easy commute. Call today to schedule your private showing.

17. 2026-04-20
    listed $204,900 Active 650-char remark

    Show marketing remark (650 chars)

    Move-in ready home in the heart of Calera offering a functional layout and convenient location. Living room is filled with natural light and features soaring vault ceiling, creating a great space for entertaining that flows seamlessly into kitchen. Kitchen includes pantry and bay window eat-in area. Large primary suite has tray ceiling and walk-in closet. Screened patio offers bug-free place to hang out after work is over. Storage shed gives extra room for tools, equipment, or seasonal storage. Ideally located near shopping, grocery stores, and dining, with quick access to I-65 for an easy commute. Call today to schedule your private showing.

18. 2024-09-26
    historical $1,425
19. 2024-09-17
    listed $1,425
20. 2024-08-29
    historical $1,485
21. 2024-04-27
    listed $1,485
22. 2022-06-27
    price $1,400
23. 2022-06-16
    soldstatus $191,000
24. 2022-05-24
    soldstatus $191,000 Sold 487-char remark

    Show marketing remark (487 chars)

    This one won't be around long! This a perfect home for someone just starting out or ready to down size. This adorable home features vaulted ceilings and a fireplace in the living room, an the open concept feeling everyone is looking for. The split bedroom floorplan, and a large master bedroom , with master bath and walk in closet complete this ideal home. Outside there is a covered deck with storage room a separate storage shed and fenced in backyard. New ac unit 2021,new roof 2020.

25. 2022-05-07
    historical Contingent 487-char remark

    Show marketing remark (487 chars)

    This one won't be around long! This a perfect home for someone just starting out or ready to down size. This adorable home features vaulted ceilings and a fireplace in the living room, an the open concept feeling everyone is looking for. The split bedroom floorplan, and a large master bedroom , with master bath and walk in closet complete this ideal home. Outside there is a covered deck with storage room a separate storage shed and fenced in backyard. New ac unit 2021,new roof 2020.

26. 2022-05-07
    status Active 487-char remark

    Show marketing remark (487 chars)

    This one won't be around long! This a perfect home for someone just starting out or ready to down size. This adorable home features vaulted ceilings and a fireplace in the living room, an the open concept feeling everyone is looking for. The split bedroom floorplan, and a large master bedroom , with master bath and walk in closet complete this ideal home. Outside there is a covered deck with storage room a separate storage shed and fenced in backyard. New ac unit 2021,new roof 2020.

27. 2022-04-06
    historical Contingent 487-char remark

    Show marketing remark (487 chars)

    This one won't be around long! This a perfect home for someone just starting out or ready to down size. This adorable home features vaulted ceilings and a fireplace in the living room, an the open concept feeling everyone is looking for. The split bedroom floorplan, and a large master bedroom , with master bath and walk in closet complete this ideal home. Outside there is a covered deck with storage room a separate storage shed and fenced in backyard. New ac unit 2021,new roof 2020.

28. 2022-04-03
    listed $170,000 Active 487-char remark

    Show marketing remark (487 chars)

    This one won't be around long! This a perfect home for someone just starting out or ready to down size. This adorable home features vaulted ceilings and a fireplace in the living room, an the open concept feeling everyone is looking for. The split bedroom floorplan, and a large master bedroom , with master bath and walk in closet complete this ideal home. Outside there is a covered deck with storage room a separate storage shed and fenced in backyard. New ac unit 2021,new roof 2020.

29. 2022-03-22
    historical $170,000 487-char remark

    Show marketing remark (487 chars)

    This one won't be around long! This a perfect home for someone just starting out or ready to down size. This adorable home features vaulted ceilings and a fireplace in the living room, an the open concept feeling everyone is looking for. The split bedroom floorplan, and a large master bedroom , with master bath and walk in closet complete this ideal home. Outside there is a covered deck with storage room a separate storage shed and fenced in backyard. New ac unit 2021,new roof 2020.

30. 2014-02-21
    soldstatus $99,000
31. 2014-02-20
    soldstatus $99,000
32. 2013-09-30
    listed $99,900

ⓘ 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: $1,861 · $155/mo
• Projected year-2 tax: $1,861 · $155/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 6/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 55% 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: $21,031
• − Mortgage interest: −$10,805
• − Property taxes: −$1,861
• − Insurance: −$964
• − Repairs & maintenance: −$1,682
• − Management: −$1,682
• − Depreciation: −$5,612
• Taxable loss: −$1,577
• Est. tax savings @ 24.0%: +$378
• After-tax cash flow: $2,028/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

+100.1% since first listed

17 events — show timeline

• 2026-05-05 Price Changed $199,900 Greater Alabama MLS
• 2026-04-20 Listed $204,900 Greater Alabama MLS
• 2024-09-26 Rental Removed $1,425 RENTLY
• 2024-09-17 Listed for Rent $1,425 RENTLY
• 2024-08-29 Rental Removed $1,485 RENTLY
• 2024-04-27 Listed for Rent $1,485 RENTLY
• 2022-06-27 Price Changed $1,400 RENTLY
• 2022-06-16 Sold (Public Records) $191,000 Public Records
• 2022-05-24 Sold (MLS) $191,000 Greater Alabama MLS
• 2022-05-07 Contingent — Greater Alabama MLS
• 2022-05-07 Relisted — Greater Alabama MLS
• 2022-04-06 Contingent — Greater Alabama MLS
• 2022-04-03 Listed $170,000 Greater Alabama MLS
• 2022-03-22 Coming Soon $170,000 Greater Alabama MLS
• 2014-02-21 Sold (Public Records) $99,000 Public Records
• 2014-02-20 Sold (MLS) $99,000 Greater Alabama MLS
• 2013-09-30 Listed $99,900 Greater Alabama MLS

Property tax history

+11.9%/yr

Latest (2025): $1,861 · +0.9% YoY. Source: county tax records.