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$449,900

Under Contract
192 Silverleaf Dr, Pelham, AL 35124
3 Beds
3 Baths
2,731 Square Feet
0.00 Acres Lot
Built in 2001
Under Contract
Units n/a
Checked: 14 hours ago
Updated: Aug 30, 2025 at 10:09AM

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
-$217
Cap Rate
5.1%
Cash-on-Cash Return
-2.5%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.6%

Property Description


0.00 Acres Lot
Built in 2001
Under Contract
Units n/a

Price improvement!!! Do you enjoy privacy on a large lot? Welcome home to 192 Silverleaf Drive. This beautifully updated 3 bed/3 bath home sits on a private 4.45 acre lot backing up to Oak Mountan.The open floor plan on the main level features spacious living areas and updated finishes.The basement offers both finished and unfinished space- ideal for additional living,storage or future expansion. A large bonus room with private access and an attached bath can serve as a theater, office or guest suite. Enjoy quiet mornings on the screened in deck off the master suite or watch the stunning sunsets from the front porch. Updates include new lighting, paint, carpet and bathroom vanity (2025). Roof (2023), HVAC (2024)Easy access to I65. Move in ready, schedule your showing today!

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $240/annually

Land Information

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

Lot Information

  • Parcel ID: 144184001011060
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: 1-Story
  • Year Built: 2001

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Shelby

Listing Details


Listed by:
Jennifer Wiggins
RealtySouth-OTM-Acton Rd
(205) 602-0997

Source:
Greater Alabama MLS
MLS#: 21416571
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
-$217
Cap Rate
5.1%
Cash-on-Cash Return
-2.5%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.6%

Purchase Details

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Purchase price:
$449,900
Amount financed:
-$359,920
Down payment:
$89,980
Closing costs:
$13,497
Rehab costs:
$0
Initial cash invested:
$103,477
Square feet:
2,731
Cost per square foot:
$165
Monthly rent per square foot:
$1.03

Financing Details

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Loan amount:
$359,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,129
Property tax:
$0
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,325

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%-$20-$240
Total operating expenses: (26%)
26%-$720-$8,640

Cash Flow


Monthly Yearly
Net operating income:
$1,912 $22,944
Mortgage payments:
-$2,129 -$25,548
Cash flow:
$217 $2,604