2707 Highland Ave

Meridian, MS 39307
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3 bd, 1 ba | 1,150 sqft | Built in 1960

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List Price
$69,950

Initial Investment

$17,291

Purchase Price

$63,000

Down Payment

25%

Rent

$800

Total Return

$23,834

Annualized Return

20.5%

Cap Rate

7.9%

Gross Yield

15.2%

Cash Flow

$994

Appreciation

5.3%
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Features

Occupancy

Occupied

Lease Start

04/01/2020

Lease End

03/21/2021

Lot Size

8,712

HOA

None

Flood Risk

High Risk - Zone AE

  • Roofstock Turnkey property
  • Free 1 year home warranty through American Home Shield paid by Seller (cost of $700)
  • Go to join.roofstock.com/turnkey to learn more about the Roofstock Turnkey program

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,120

Expenses

-$3,901

Property Taxes

-$800

Loan Payments

-$3,425

Net Cash Flow

$994

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