106 Errols Way

Richland, MS 39218
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3 bd, 2 ba | 2,335 sqft | Built in 2003

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List Price
$325,000

Initial Investment

$88,563

Purchase Price

$325,000

Down Payment

25%

Rent

$1,660

Total Return

$57,087

Annualized Return

9.6%

Cap Rate

4.0%

Gross Yield

6.1%

Cash Flow

-$5,400

Appreciation

4.8%
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Features

Lot Size

0

HOA

None

Flood Risk

Not Required

Welcome home to your own private oasis! This beautiful home is tucked away in a small subdivision near all the major roads, restaurants, and stores. The stately iron gate leading to the front door gives you a secluded private entrance complete with large patio area for entertaining. The front patio area overlooks a vacant lot that is included in the purchase of this home. As you enter through the front door, you will be enchanted by the large dining room and living room areas. The living room is very spacious featuring a gas log fireplace. A sun room joins the living area and offers scenic nature views through the many large windows. The kitchen is light and airy with white cabinets, white appliances, large windows, a good sized breakfast nook, and two pantries. The oversized master suite has a large bedroom and bathroom with jetted tub, separate shower, huge walk-in closet and separate linen closets. The secondary bedrooms are a good size with spacious closets. The utility room has a long countertop for folding clothes and many cabinets perfect for storage.The home features stained concrete floors throughout. Everything is original to the home and has been meticulously maintained. Call your favorite realtor today to see this beauty before its gone!

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

Expected Rent

$18,924

Expenses

-$4,706

Property Taxes

-$1,950

Loan Payments

-$17,669

Net Cash Flow

-$5,400

See more in Financials

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.
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  • Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
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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.

Similar Listings



Listing Courtesy of:Julie White
Agent License S52845
McKee Realty, Inc.
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4048594
Last Updated: 05/26/2023 03:05
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