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$499,999

For Sale - Active
125 Lakeland Rdg, Chelsea, AL 35043
4 Beds
0.0 Baths
2,972 Square Feet
0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Apr 23, 2025 at 05:37AM

Investment Summary


Monthly Cash Flow
-$448
Cap Rate
4.6%
Cash-on-Cash Return
-4.7%
Debt Coverage Ratio
0.81
Internal Rate of Return (5 years)
-0.5%

Property Description


0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a

Stunning 4 bed, 3.5 bath single-story home with full finished basement in desirable Chelsea location. This meticulously maintained property offers exceptional living space and outdoor entertainment areas perfect for family gatherings. The main level features elegant design elements throughout the primary living spaces, three bedrooms including a primary suite, 2.5 bathrooms, and an enclosed porch overlooking the scenic yard. The kitchen boasts modern amenities, while the three-car garage with extended driveway provides ample parking. The finished basement includes an additional bedroom with full bathroom and a spacious den/recreation area with direct access to a beautiful outdoor sitting area. The expansive, well-maintained yard provides multiple entertainment zones while maintaining privacy. Conveniently located near schools, shopping, and easy access to Highway 280, this turnkey property combines elegant living spaces with practical amenities for today lifestyle.

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Location


Property Details


Parking

  • Description: Attached, Driveway Parking, On Street Parking, Side
  • Details: On Street, Attached
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

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

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $170/annually

Land Information

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

Lot Information

  • Parcel ID: 141111006023000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: 1-Story
  • Year Built: 2007

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas

Location

  • County: Shelby

Listing Details


Listed by:
Terri Beard Rush
Iron City Premier Realty
(205) 835-8202

Source:
Greater Alabama MLS
MLS#: 21410853
Greater Alabama MLS

Investment Summary


Monthly Cash Flow
-$448
Cap Rate
4.6%
Cash-on-Cash Return
-4.7%
Debt Coverage Ratio
0.81
Internal Rate of Return (5 years)
-0.5%

Purchase Details

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Purchase price:
$499,999
Amount financed:
-$399,999
Down payment:
$100,000
Closing costs:
$15,000
Rehab costs:
$0
Initial cash invested:
$115,000
Square feet:
2,972
Cost per square foot:
$168
Monthly rent per square foot:
$0.94

Financing Details

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Loan amount:
$399,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principle & interest:
$2,366
Property tax:
$0
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,562

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: (0%)
0%$0$0
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%-$14-$168
Total operating expenses: (26%)
26%-$714-$8,568

Cash Flow


Monthly Yearly
Net operating income:
$1,918 $23,016
Mortgage payments:
-$2,366 -$28,392
Cash flow:
$448 $5,376