140 Ridgecrest Rd · Calera, AL 35040

$224,000

3 bd · 2.0 ba · 1,270 sqft · SingleFamily public records · 50 Days on market

Built 2018 7,405 sqft lot $176/sqft · 7% above area Est $223k · at est.

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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 +13.3/30.0
• ARV discount +7.2/15.0
• DSCR +4.0/10.0
• Schools +3.9/10.0
• 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

Welcome home to this beautifully designed Craftsman-style home located in the Ridgecrest Community in Calera. This thoughtfully laid-out floor plan offers an open-concept design with high ceilings, creating a spacious and inviting feel throughout. The kitchen features stunning granite countertops, stainless steel appliances, and a seamless flow into the main living area, making it perfect for both everyday living and entertaining. The primary suite offers a private retreat with a double granite vanity, walk-in tile shower, and tile flooring for a clean, modern finish. The secondary bathroom also includes ceramic tile flooring and a tile tub/shower combination. Step outside to enjoy a flat, fully fenced backyard complete with a covered patio, ideal for relaxing, entertaining, or letting pets and kids play with ease. If you are looking for a functional open floor plan with stylish finishes and no HOA fees, this home checks all the boxes.

Key facts

• Craftsman style home
• Open concept design
• Private retreat

Tags

• CRAFTSMAN STYLE HOME
• OPEN CONCEPT DESIGN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• PRIVATE RETREAT
• DOUBLE GRANITE VANITY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $224k.

Deal economics

• At list price, monthly cash flow is $2 ($22/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 $174k (22.1% below list).
• Recommended offer: $174k (22.1% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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 Intermediate School (math 22% / reading 46%, grade F, #311 of 627 statewide, top 50%, 766 students, 68% FRL); Calera Middle (math 9% / reading 45%, grade F, #147 of 257 statewide, top 58%, 755 students, 61% FRL); Calera High (math 18% / reading 21%, grade F, #169 of 305 statewide, top 59%, 1,066 students, 59% FRL) — zoned schools average 63% FRL vs 26% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 27% at this address vs 44% district-wide (-17 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); 373 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 5d 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 $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

• It's been on market 50 days — a 3% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y 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.
• Current owner paid $150k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 55% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 8→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $174,411 (22.1% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 22% 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: 0.78% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.04%
• DSCR: 1.00
• GRM: 10.7

CMA / ARV

• ARV (median comp): $222,702
• List price: $224,000
• Delta: 0.58%
• 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	0.09mi	3/2.0	1,266 (-0%)	6mo	$208,000	$164	90
201 Bonnieville Dr	0.04mi	3/2.0	1,348 (+6%)	2mo	$233,000	$173	86
153 Ridgecrest Rd	0.05mi	3/2.0	1,346 (+6%)	8mo	$227,500	$169	81
229 Saratoga Ln	0.43mi	3/2.0	1,279 (+1%)	2mo	$199,900	$156	77
106 Cove Lndg	0.19mi	3/2.0	1,119 (-12%)	2mo	$179,270	$160	70
320 Creek Run Cir	0.19mi	3/2.0	1,125 (-11%)	3mo	$185,000	$164	70
350 Shiloh Creek Dr	0.26mi	3/2.0	1,395 (+10%)	3mo	$264,000	$189	69
430 Enclave Dr	0.55mi	3/2.0	1,288 (+1%)	7mo	$217,000	$168	66
00373 Shiloh Creek Dr	0.41mi	3/2.0	1,391 (+10%)	3mo	$260,000	$187	63
00342 Shiloh Creek Dr	0.21mi	3/2.0	1,448 (+14%)	7mo	$259,900	$179	62
00365 Shiloh Creek Dr	0.39mi	3/2.0	1,391 (+10%)	8mo	$272,809	$196	60
381 Shiloh Creek Dr	0.42mi	3/2.0	1,425 (+12%)	9mo	$272,789	$191	52

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: -15.6%
• Equity multiple: 0.44×
• Total profit: $-35,077
• Equity at exit: $33,399

10-year hold

• IRR: -6.2%
• Equity multiple: 0.59×
• Total profit: $-25,793
• Equity at exit: $19,367

Cash invested: $62,720 (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: 373
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,744 high
• Mortgage (P&I): −$1,175
• Tax from tax record: −$108 /mo · $1,296/yr
• Insurance: −$93
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $2

Break-even live

Break-even rent $1,742

Max offer price $224,000

Occupancy floor 95%

Sensitivity live

Price	-10% $129	-5% $65	+0% $2	+5% $-62	+10% $-125
Rent	-10% $-136	-5% $-67	+0% $2	+5% $71	+10% $140
Rate	-1.0pp $115	-0.5pp $59	base $2	+0.5pp $-56	+1.0pp $-115

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: $56,000
• Closing costs: $6,720
• 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	3d	1	0.23mi
188 Creek Run Way Calera, AL	3.0	2.5	1858	$1,595	$0.86	3d	1	0.24mi
248 Creek Run Way Calera, AL	3.0	2.5	1858	$1,595	$0.86	25d	1	0.30mi
252 Creek Run Way Calera, AL	3.0	2.5	1858	$1,695	$0.91	3d	1	0.30mi
116 Brookside Way Calera, AL	3.0	2.0	1801	$1,695	$0.94	45d	1	0.34mi
148 Enclave Ave Calera, AL	3.0	2.0	1340	$4,150	$3.10	3d	1	0.49mi
100 Enclave Ave Calera, AL	3.0	2.0	1247	$1,585	$1.27	21d	1	0.61mi
2150 20th St #2 Calera, AL	2.0	1.0	880	$695	$0.79	5d	1	0.88mi
34 Dunwar Dr Calera, AL	3.0	2.0	1765	$1,731	$0.98	21d	1	1.22mi

Listing history 10 events

1. 2026-06-07
   statusdays on market $224,000 Pending 50 DOM
2. 2026-06-05
   days on market $224,000 Active 49 DOM
3. 2026-06-03
   days on market $224,000 Active 48 DOM
4. 2026-06-02
   days on market $224,000 Active 47 DOM
5. 2026-06-01
   days on market $224,000 Active 46 DOM
6. 2026-05-31
   pricedays on market $224,000 Active 45 DOM
7. 2026-04-16
   listed $229,000 Active 949-char remark

   Show marketing remark (949 chars)

   Welcome home to this beautifully designed Craftsman-style home located in the Ridgecrest Community in Calera. This thoughtfully laid-out floor plan offers an open-concept design with high ceilings, creating a spacious and inviting feel throughout. The kitchen features stunning granite countertops, stainless steel appliances, and a seamless flow into the main living area, making it perfect for both everyday living and entertaining. The primary suite offers a private retreat with a double granite vanity, walk-in tile shower, and tile flooring for a clean, modern finish. The secondary bathroom also includes ceramic tile flooring and a tile tub/shower combination. Step outside to enjoy a flat, fully fenced backyard complete with a covered patio, ideal for relaxing, entertaining, or letting pets and kids play with ease. If you are looking for a functional open floor plan with stylish finishes and no HOA fees, this home checks all the boxes.

8. 2018-10-15
   soldstatus $149,900 Sold 612-char remark

   Show marketing remark (612 chars)

   This is a beautiful new floor plan located in Calera's Ridgecrest Community and features a Craftsman style finish with high ceilings. The home amenities will include beautiful granite counter top in the kitchen with stainless steel appliances, double granite vanity in the Master Suite Bath with a walk-in tile shower and tile floor. The second bath room will also have ceramic tile flooring and tile shower and tub combo. If you are looking for an open floor plan, this is it. Approximate date of Completion Mid-June. Builder reserves the tight to make changes from the suggest floor plan provided. No HOA fees.

9. 2018-10-10
   historical 612-char remark

   Show marketing remark (612 chars)

   This is a beautiful new floor plan located in Calera's Ridgecrest Community and features a Craftsman style finish with high ceilings. The home amenities will include beautiful granite counter top in the kitchen with stainless steel appliances, double granite vanity in the Master Suite Bath with a walk-in tile shower and tile floor. The second bath room will also have ceramic tile flooring and tile shower and tub combo. If you are looking for an open floor plan, this is it. Approximate date of Completion Mid-June. Builder reserves the tight to make changes from the suggest floor plan provided. No HOA fees.

10. 2018-04-27
    listed $149,900 Active 612-char remark

    Show marketing remark (612 chars)

    This is a beautiful new floor plan located in Calera's Ridgecrest Community and features a Craftsman style finish with high ceilings. The home amenities will include beautiful granite counter top in the kitchen with stainless steel appliances, double granite vanity in the Master Suite Bath with a walk-in tile shower and tile floor. The second bath room will also have ceramic tile flooring and tile shower and tub combo. If you are looking for an open floor plan, this is it. Approximate date of Completion Mid-June. Builder reserves the tight to make changes from the suggest floor plan provided. No HOA fees.

ⓘ 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: $1,296 · $108/mo
• Projected year-2 tax: $1,296 · $108/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 8 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 55% 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: $20,929
• − Mortgage interest: −$12,547
• − Property taxes: −$1,296
• − Insurance: −$1,120
• − Repairs & maintenance: −$1,674
• − Management: −$1,674
• − Depreciation: −$6,516
• Taxable loss: −$3,899
• Est. tax savings @ 24.0%: +$936
• After-tax cash flow: $958/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

+52.8% since first listed

4 events — show timeline

• 2026-04-16 Listed $229,000 Greater Alabama MLS
• 2018-10-15 Sold (MLS) $149,900 Greater Alabama MLS
• 2018-10-10 Delisted — Greater Alabama MLS
• 2018-04-27 Listed $149,900 Greater Alabama MLS

Property tax history

+37.4%/yr

Latest (2024): $1,296 · +16.5% YoY. Source: county tax records.