235 John L May Rd
Mendenhall, MS 39114
List Price
$160,000
Initial Investment
$43,600Purchase Price
$160,000
Down Payment
25%
Rent
$1,480
Total Return
$62,745
Annualized Return
22.0%
Cap Rate
8.3%
Gross Yield
11.1%
Cash Flow
$3,866
Appreciation
4.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
43,560
HOA
None
Flood Risk
Not Required
This is the PERFECT place to call home! Located on a quiet country road just a mile from HWY 49, this home offers you a country setting with quick, easy access to all of the amenities Mendenhall and Magee have to offer. When you walk into this recently updated home you will love the spacious open floor plan. The kitchen is complete with updated butcher block countertops, stainless appliances, and abundant counter and cabinet space. Just off the kitchen you will find a spacious living room with abundant natural light and a real wood burning fireplace. There are three spacious bedrooms, and one with a large walk-in closet! The two baths are complete with spacious vanities and one with a walk-in shower! Nestled on 1 acre of land, this home has a spacious yard and also has a spacious storage shed! Don't delay, call for more information and your private showing today!
See more in Analysis
Pablo Pereyra
901 Realtor
MS Agent License #23667
Annual Financial Highlights
Expected Rent
$16,872Expenses
-$3,358Property Taxes
-$950Loan Payments
-$8,698Net Cash Flow
$3,866See 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:Hartley Havard
Agent License B22422
Havard Real Estate Group, LLC
Agent License B22422
Havard Real Estate Group, LLC
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4076132
Last Updated: 04/10/2024 02:04
MLS #4076132
Last Updated: 04/10/2024 02:04