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$474,900

Sale Pending
125 Cheshire Ln, Pelham, AL 35124
4 Beds
3 Baths
2,859 Square Feet
0.00 Acres Lot
Built in 1994
Sale Pending
Units n/a
Checked: 14 hours ago
Updated: Aug 30, 2025 at 10:19AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$346
Cap Rate
4.8%
Cash-on-Cash Return
-3.8%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.3%

Property Description


0.00 Acres Lot
Built in 1994
Sale Pending
Units n/a

What a great opportunity to live in Olde Weatherly in Pelham! With ALL NEW paint inside and out, NEW carpet, faucets throughout, light fixtures throughout, microwave, hot water tank, deck, Dishwasher and fridge less than 2 years old this home is move-in ready! These homes were built on estate lots, 2.22 acres of gorgeous property! The main level boasts beautiful hardwood floors, a large eat-in Kitchen, formal Dining Room, a spacious Family Room, Master Bedroom with En-Suite, and a Sunroom with picturesque views! What a great place to relax! Upstairs you will find 2 well appointed bedrooms with a Jack-n-Jill bath. The 3rd bedroom is oversized, can be used as an office or playroom. The finished basement is a perfect hangout/rec room with half bath. If you need storage this home has it, two walk-in attic spaces and lots of garage storage space. You will feel like you are away from it all, but only minutes from the interstates and shopping.

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Location


Property Details


Parking

  • Description: Basement Parking, Driveway Parking, Side
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Type: Gable or Hip

HOA

  • Has HOA: Yes
  • HOA Fee: $376/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 149300000001030
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: 2+ Story
  • Year Built: 1994

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Heat Pump
  • Cooling: Central Air

Location

  • County: Shelby

Listing Details


Listed by:
Chuck Holderfield
Bradford Real Estate Group
(205) 427-7171

Source:
Greater Alabama MLS
MLS#: 21415304
Greater Alabama MLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$346
Cap Rate
4.8%
Cash-on-Cash Return
-3.8%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.3%

Purchase Details

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Purchase price:
$474,900
Amount financed:
-$379,920
Down payment:
$94,980
Closing costs:
$14,247
Rehab costs:
$0
Initial cash invested:
$109,227
Square feet:
2,859
Cost per square foot:
$166
Monthly rent per square foot:
$0.98

Financing Details

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Loan amount:
$379,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,247
Property tax:
$0
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,443

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (1%)
1%-$31-$372
Total operating expenses: (26%)
26%-$731-$8,772

Cash Flow


Monthly Yearly
Net operating income:
$1,901 $22,812
Mortgage payments:
-$2,247 -$26,964
Cash flow:
$346 $4,152