Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$586,900

For Sale - Active
3409 Mitoba Trl, Pelham, AL 35124
4 Beds
4 Baths
2,032 Square Feet
0.00 Acres Lot
Built in 2025
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Aug 30, 2025 at 10:20AM

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
-$845
Cap Rate
4.0%
Cash-on-Cash Return
-7.5%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.3%

Property Description


0.00 Acres Lot
Built in 2025
For Sale - Active
Units n/a

DO NOT MISS OUT YOUR CHANCE TO BUILD YOUR DREAM HOME 4 BDRM 4 BATH HOME WITH ROOM FOR EXPANSION IN THE BASEMENT OF 1663 SQ. FT. WITH ADDITIONAL GARAGE IN THE BASEMENT. OWNER HAS PLANS FOR THE MAGNOLIA HOME. YOU CAN EASILY MOVE WALLS, ADD AND TAKE AWAY AND MAKE THIS YOUR OWN. DESIGN YOUR DREAM. HOUSE EXTERIOR PLAN, FLOOR PLAN, LOT SIZE AND DIMENSIONS. GREAT LOT FOR THE KIDS TO PLAY, RIDE BIKES, SKATEBOARD, ETC. THE FOUNDATION TO THIS PLAN IS POURED CONCRETE AND READY FOR YOU TO SAY YES, THIS IS THE LOT AND PLAN I WANT TO CALL HOME!!!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.0

Interior Features

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

Land Information

  • Land Use: Residential
  • Land Use Subtype: General - Single

Lot Information

  • Parcel ID: 117363001010000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: 1.5-Story
  • Year Built: 2025

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: Shelby

Listing Details


Listed by:
Charles Gagliano
Classic Realty Groups
(205) 531-2511

Source:
Greater Alabama MLS
MLS#: 21416555
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
-$845
Cap Rate
4.0%
Cash-on-Cash Return
-7.5%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.3%

Purchase Details

Find an Agent

Purchase price:
$586,900
Amount financed:
-$469,520
Down payment:
$117,380
Closing costs:
$17,607
Rehab costs:
$0
Initial cash invested:
$134,987
Square feet:
2,032
Cost per square foot:
$289
Monthly rent per square foot:
$1.38

Financing Details

Find a Lender

Loan amount:
$469,520
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,777
Property tax:
$0
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,973

Operating Income

Find a Property Manager

% 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: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$700-$8,400

Cash Flow


Monthly Yearly
Net operating income:
$1,932 $23,184
Mortgage payments:
-$2,777 -$33,324
Cash flow:
$845 $10,140