1537 Chelsea Ln
Richland, MS 39218
List Price
$165,000
Initial Investment
$50,461Purchase Price
$170,500
Down Payment
25%
Rent
$1,575
Total Return
$56,080
Annualized Return
17.5%
Cap Rate
7.5%
Gross Yield
11.1%
Cash Flow
$2,842
Appreciation
4.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Vacant
Lease Up Guarantee
Yes
Lot Size
5,287
HOA
None
Flood Risk
Not Required
100% Financing Available! Conveniently Located! Freshly Painted! Fenced Backyard! 3D Virtual Tour Available - Be sure to click on the virtual tour link. This great 3 bedroom, 2 bathroom home in Monterey Village provides quick access to Hwy 49 and features a nice sized living room with wood burning fireplace and tile floors in the kitchen and bathrooms. A spacious dining area between the kitchen and living room provides guest access off the carport. This home also boasts granite counters, some additional storage and a fenced back yard. The primary suite offers a trey ceiling and a walk-in closet. The 2 remaining rooms are a good size and have across the hall access to the guest accessible full bath. Call today for your private showing.
See more in Analysis
Ryan Porter
NextHome Realty Experience
MS Agent License #B-22802
Annual Financial Highlights
Expected Rent
$17,955Expenses
-$4,295Property Taxes
-$1,548Loan Payments
-$9,269Net Cash Flow
$2,842See 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:Mark Metcalf
Agent License B21616
eXp Realty
Agent License B21616
eXp Realty
Certified Agent Brokerage:Ryan Porter
NextHome Realty Experience
MS Brokerage License B-22802
NextHome Realty Experience
MS Brokerage License B-22802
SourceMLS United
MLS #4018279
Last Updated: 06/17/2022 10:06
MLS #4018279
Last Updated: 06/17/2022 10:06