1659 Highway 471

Brandon, MS 39047
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3 bd, 2 ba | 1,808 sqft | Built in 1965

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List Price
$230,000

Initial Investment

$62,675

Purchase Price

$230,000

Down Payment

25%

Rent

$2,400

Total Return

$101,424

Annualized Return

24.9%

Cap Rate

9.2%

Gross Yield

12.5%

Cash Flow

$7,672

Appreciation

4.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

88,862

HOA

None

Flood Risk

Not Required

BEAUTIFUL 3 bedroom 2 bath home on 2.04 acres with 30x40 (1200 sq ft) Renovated shop and 12x25 (300 sq ft) Renovated garage that is also heated and cooled. The House needs a little TLC. This property is FABULOUS!!

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
Agent License #2020040993

Annual Financial Highlights

Expected Rent

$27,360

Expenses

-$5,834

Property Taxes

-$1,350

Loan Payments

-$12,504

Net Cash Flow

$7,672

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.

Similar Listings



Listing Courtesy of:Teresa Renkenberger
Agent License S42508
Merck Team Realty, Inc.
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4076497
Last Updated: 04/15/2024 15:04
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