102 N Meadows Pl

Jackson, MS 39211
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4 bd, 3.5 ba | 3,316 sqft | Built in 1978

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List Price
$339,000

Initial Investment

$92,378

Purchase Price

$339,000

Down Payment

25%

Rent

$2,640

Total Return

$94,456

Annualized Return

16.0%

Cap Rate

6.7%

Gross Yield

9.3%

Cash Flow

$3,040

Appreciation

4.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

$14/mo

Flood Risk

Not Required

Sitting on a corner lot in the gated Rolling Meadows neighborhood, this spacious four bedroom, three and a half bath home offers over 3300 sq ft of comfort and style. The large copper lanterns flanking the front door provide a warm welcome to guests before they even step inside and set the tone for the attention to detail in this entertainer's delight. Beautiful antique heart pine floors greet you in the foyer and continue throughout the first floor of the home, adding a touch of elegance. The formal dining room to the right of the foyer features plantation shutters. The wood-burning Arkansas stone fireplace provides a dramatic focal point in the expansive keeping room. This space, with built-ins and a bank of windows overlooking the backyard, will surely be a favorite gathering spot. The breakfast room features an antique heart pine serving bar that is just as functional as it is attractive. The kitchen's efficient design offers slab granite, barstool seating, pantry, built-in desk, and stainless appliances including double ovens. The kitchen and breakfast room are flooded in natural light thanks to the adjacent breezeway with a wall of French doors. The breezeway leads to a great room, with 10 foot ceilings and over 500 sq ft of entertaining space. Designed for easy conversion to a mother-in-law suite if the need arose, this room offers an attached full bath. Located on the first floor, the primary bedroom boasts plantation shutters and a spacious walk-in closet with built-ins. The primary bath offers beautiful travertine counters, two sinks, a jetted tub, and separate walk-in shower. A custom iron railing adds interest to the stairs. Upstairs, there are three additional bedrooms with ample size closets, a shared bathroom, and a 244 sq ft heated and cooled bonus space that is not included in the measured square footage of the home (3316). While the current owners use this bonus space as an office, it could also be a playroom, hobby room, etc. A patio overlooking the fully-fenced backyard provides a wonderful option for outdoor entertaining. Guests won't need to park on the street, thanks to two guest parking spots just outside of the two car garage. There is also a friends' entrance located by the guest parking. This gracious home has so much to offer. Call your realtor today for a private showing.

See more in Analysis
Monique Maselle Kelly
CENTURY 21 Maselle & Associates
MS Agent License #S-44457

Annual Financial Highlights

Expected Rent

$30,096

Expenses

-$5,626

Property Taxes

-$3,000

Loan Payments

-$18,430

Net Cash Flow

$3,040

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

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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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Last Updated: 09/18/2023 03:09
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