700 S 22nd Ave

Hattiesburg, MS 39401
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3 bd, 2 ba | 1,798 sqft | Built in 1955

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List Price
$115,000

Initial Investment

$31,338

Purchase Price

$115,000

Down Payment

25%

Rent

$1,350

Total Return

$50,961

Annualized Return

25.4%

Cap Rate

9.9%

Gross Yield

14.1%

Cash Flow

$4,312

Appreciation

4.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,124

HOA

None

Flood Risk

Not Required

This 3 BR 2BA home is full of character and showcases a perfect blend of modern features and timeless appeal.
As you step inside, you'll notice the beautiful wood flooring that flows through the living and dining areas, creating an inviting atmosphere for relaxation and entertainment. The spacious family room features tile flooring and is adorned with french doors that lead out to the patio and deck areas. This creates a seamless indoor-outdoor flow. The large fenced backyard provides privacy and ample space for outdoor activities. For your convenience, this home also features a double carport, multiple parking areas, a wrap-around porch and since it's located on the avenues, this property benefits from its proximity to local amenities, shopping and universities. Check it out here...

See more in Analysis
Pablo Pereyra
901 Realtor
MS Agent License #23667

Annual Financial Highlights

Expected Rent

$15,390

Expenses

-$3,676

Property Taxes

-$1,150

Loan Payments

-$6,252

Net Cash Flow

$4,312

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Sharmon Wichman
Agent License S50449
RE/MAX Real Estate Partners
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceHattiesburg MLS (HSMLS)
MLS #133983
Last Updated: 09/19/2023 14:09
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.