117 Ridgecrest Rd · Calera, AL 35040

$190,000

3 bd · 2.0 ba · 1,256 sqft · SingleFamily public records · 33 Days on market

Built 2007 8,712 sqft lot $151/sqft · 8% below area Est $206k · 8% under

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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 +16.8/30.0
• ARV discount +11.0/15.0
• DSCR +5.2/10.0
• 1% rule +4.2/10.0
• 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

Welcome to this spacious one - story home located in the desirable Ridgecrest community. Featuring 3 bedrooms and 2 full baths, this property offers a functional layout with generous living space, The interior showcases an abundant of natural light, and an open flow ideal for both everyday living and entertaining. The home presents a great opportunity for buyers to add their personal touch while enjoying solid overall condition. Well-maintained surroundings, making this an excellent value in a sought-after neighborhood.

Key facts

• 8,712 sq ft lot
• Built 2007
• Listed 33 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $122 ($1k/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 (8.1% below list).
• Recommended offer: $175k (8.1% 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; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 3d 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 33 days — a 3% lower offer ($184k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 51% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $174,622 (8.1% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 8% 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. 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: 0.92% ✗
• Cap rate: 7.06%
• Cash-on-cash: 2.74%
• DSCR: 1.12
• GRM: 9.1

CMA / ARV

• ARV (median comp): $205,868
• List price: $190,000
• Delta: -7.71%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
113 Ridgecrest Rd	0.01mi	3/2.0	1,266 (+1%)	6mo	$208,000	$164	93
201 Bonnieville Dr	0.11mi	3/2.0	1,348 (+7%)	2mo	$233,000	$173	81
153 Ridgecrest Rd	0.09mi	3/2.0	1,346 (+7%)	8mo	$227,500	$169	78
229 Saratoga Ln	0.40mi	3/2.0	1,279 (+2%)	2mo	$199,900	$156	76
320 Creek Run Cir	0.15mi	3/2.0	1,125 (-10%)	3mo	$185,000	$164	74
106 Cove Lndg	0.16mi	3/2.0	1,119 (-11%)	2mo	$179,270	$160	73
350 Shiloh Creek Dr	0.31mi	3/2.0	1,395 (+11%)	2mo	$264,000	$189	65
430 Enclave Dr	0.54mi	3/2.0	1,288 (+2%)	7mo	$217,000	$168	65
316 Creek Run Cir	0.15mi	3/2.0	1,118 (-11%)	12mo	$190,000	$170	64
00373 Shiloh Creek Dr	0.47mi	3/2.0	1,391 (+11%)	3mo	$260,000	$187	58
00365 Shiloh Creek Dr	0.45mi	3/2.0	1,391 (+11%)	7mo	$272,809	$196	55
381 Shiloh Creek Dr	0.48mi	3/2.0	1,425 (+14%)	9mo	$272,789	$191	47

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: -11.2%
• Equity multiple: 0.59×
• Total profit: $-21,864
• Equity at exit: $28,330

10-year hold

• IRR: -1.1%
• Equity multiple: 0.92×
• Total profit: $-4,166
• Equity at exit: $16,428

Cash invested: $53,200 (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: 9.1×

Monthly cashflow live

• Estimated rent: $1,746 high
• Mortgage (P&I): −$996
• Tax from tax record: −$182 /mo · $2,188/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $122

Break-even live

Break-even rent $1,592

Max offer price $190,000

Occupancy floor 88%

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
172 Creek Run Way Calera, AL	3.0	2.5	1858	$1,675	$0.90	1d	1	0.27mi
188 Creek Run Way Calera, AL	3.0	2.5	1858	$1,595	$0.86	2d	1	0.28mi
116 Brookside Way Calera, AL	3.0	2.0	1801	$1,695	$0.94	43d	1	0.29mi
248 Creek Run Way Calera, AL	3.0	2.5	1858	$1,595	$0.86	23d	1	0.36mi
252 Creek Run Way Calera, AL	3.0	2.5	1858	$1,695	$0.91	1d	1	0.36mi
148 Enclave Ave Calera, AL	3.0	2.0	1340	$4,150	$3.10	1d	1	0.53mi
100 Enclave Ave Calera, AL	3.0	2.0	1247	$1,585	$1.27	19d	1	0.66mi
2150 20th St #2 Calera, AL	2.0	1.0	880	$695	$0.79	3d	1	1.00mi
34 Dunwar Dr Calera, AL	3.0	2.0	1765	$1,731	$0.98	19d	1	1.35mi

Listing history 16 events

1. 2026-04-18
   listed $190,000 Active 525-char remark

   Show marketing remark (525 chars)

   Welcome to this spacious one - story home located in the desirable Ridgecrest community. Featuring 3 bedrooms and 2 full baths, this property offers a functional layout with generous living space, The interior showcases an abundant of natural light, and an open flow ideal for both everyday living and entertaining. The home presents a great opportunity for buyers to add their personal touch while enjoying solid overall condition. Well-maintained surroundings, making this an excellent value in a sought-after neighborhood.

2. 2022-06-27
   soldstatus $207,000
3. 2022-06-13
   soldstatus $207,000 Sold 277-char remark

   Show marketing remark (277 chars)

   One level with HUGE yard, cathedral ceilings, granite counters and split bedroom floor plan. Spacious master bedroom & bath. 2 bedrooms, full bath and laundry on other side of home are great for children or guest. Very convenient to shopping and less than 10 min to I-65.

4. 2022-05-09
   historical Contingent 277-char remark

   Show marketing remark (277 chars)

   One level with HUGE yard, cathedral ceilings, granite counters and split bedroom floor plan. Spacious master bedroom & bath. 2 bedrooms, full bath and laundry on other side of home are great for children or guest. Very convenient to shopping and less than 10 min to I-65.

5. 2022-05-07
   status Active 277-char remark

   Show marketing remark (277 chars)

   One level with HUGE yard, cathedral ceilings, granite counters and split bedroom floor plan. Spacious master bedroom & bath. 2 bedrooms, full bath and laundry on other side of home are great for children or guest. Very convenient to shopping and less than 10 min to I-65.

6. 2022-05-01
   historical Contingent 277-char remark

   Show marketing remark (277 chars)

   One level with HUGE yard, cathedral ceilings, granite counters and split bedroom floor plan. Spacious master bedroom & bath. 2 bedrooms, full bath and laundry on other side of home are great for children or guest. Very convenient to shopping and less than 10 min to I-65.

7. 2022-04-28
   listed $199,900 Active 277-char remark

   Show marketing remark (277 chars)

   One level with HUGE yard, cathedral ceilings, granite counters and split bedroom floor plan. Spacious master bedroom & bath. 2 bedrooms, full bath and laundry on other side of home are great for children or guest. Very convenient to shopping and less than 10 min to I-65.

8. 2022-04-21
   historical $199,900 277-char remark

   Show marketing remark (277 chars)

   One level with HUGE yard, cathedral ceilings, granite counters and split bedroom floor plan. Spacious master bedroom & bath. 2 bedrooms, full bath and laundry on other side of home are great for children or guest. Very convenient to shopping and less than 10 min to I-65.

9. 2016-07-20
   soldstatus $111,000
10. 2016-07-19
    soldstatus $111,000 Sold
11. 2016-05-27
    historical Contingent
12. 2016-05-20
    status Active
13. 2016-05-12
    status Pending
14. 2016-05-05
    listed $109,900 Active
15. 2009-12-30
    soldstatus $493,600
16. 2009-12-30
    soldstatus $430,145

ⓘ 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: $2,188 · $182/mo
• Projected year-2 tax: $2,188 · $182/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 7/10 Severe 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 51% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,955
• − Mortgage interest: −$10,643
• − Property taxes: −$2,188
• − Insurance: −$950
• − Repairs & maintenance: −$1,676
• − Management: −$1,676
• − Depreciation: −$5,527
• Taxable loss: −$1,706
• Est. tax savings @ 24.0%: +$410
• After-tax cash flow: $1,869/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

-61.5% since first listed

16 events — show timeline

• 2026-04-18 Listed $190,000 Greater Alabama MLS
• 2022-06-27 Sold (Public Records) $207,000 Public Records
• 2022-06-13 Sold (MLS) $207,000 Greater Alabama MLS
• 2022-05-09 Contingent — Greater Alabama MLS
• 2022-05-07 Relisted — Greater Alabama MLS
• 2022-05-01 Contingent — Greater Alabama MLS
• 2022-04-28 Listed $199,900 Greater Alabama MLS
• 2022-04-21 Coming Soon $199,900 Greater Alabama MLS
• 2016-07-20 Sold (Public Records) $111,000 Public Records
• 2016-07-19 Sold (MLS) $111,000 Greater Alabama MLS
• 2016-05-27 Contingent — Greater Alabama MLS
• 2016-05-20 Relisted — Greater Alabama MLS
• 2016-05-12 Pending — Greater Alabama MLS
• 2016-05-05 Listed $109,900 Greater Alabama MLS
• 2009-12-30 Sold (Public Records) $430,145 Public Records
• 2009-12-30 Sold (Public Records) $493,600 Public Records

Property tax history

+12.8%/yr

Latest (2025): $2,188 · +100.4% YoY. Source: county tax records.