116 Rhodes Ln

Canton, MS 39046
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3 bd, 2 ba | 1,596 sqft | Built in 2012

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List Price
$280,000

Initial Investment

$76,300

Purchase Price

$280,000

Down Payment

25%

Rent

$2,400

Total Return

$73,272

Annualized Return

15.1%

Cap Rate

6.5%

Gross Yield

10.3%

Cash Flow

$2,176

Appreciation

4.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,890

HOA

$46/mo

Flood Risk

Not Required

LOOK at this beautiful 3 bedroom/2 bath home once featured in the parade of homes and located in a USDA eligible area and Madison County School District!! You are not going to want to sit on this one.... From arched transitions and rustic cedar trim to the tongue-in-groove ceiling and granite counter tops this one is what you have been searching for! Built in 2012 as a builder's showcase, this 3/2 features nearly 1,600 sqft of living space and designer touches not seen in many homes of the same age and size. The formal entry opens into a large living room with a traditional fireplace mantle and high ceilings. A nice dining room with a beautiful chandelier and bay window open to a spacious kitchen with all stainless steel appliances including a refrigerator that remains! Through the living room is the large primary suite with a dedicated desk area before entering. The ensuite bath features a double vanity with granite counters, jetted tub, separate tile shower, and walk-in closet that connects to the laundry room for added convenience! The split plan provides two guest rooms on the opposite side of the home with a nice full guest bath that also features granite counters. Out back is a cover patio and a nice deck overlooking a large fenced backyard with a firepit area perfect for relaxing on a crisp fall evening. All this with a BRAND NEW HVAC system and water heater as the icing on top!! The neighborhood features a large swimming pool with a cabana and a playground. Come see this beautiful home that could be yours with 0% down for eligible buyers today!

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

Annual Financial Highlights

Expected Rent

$27,360

Expenses

-$6,612

Property Taxes

-$3,350

Loan Payments

-$15,222

Net Cash Flow

$2,176

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:Liston Sage
Agent License S50099
Hopper Properties
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4077178
Last Updated: 04/22/2024 15:04
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