322 Semoia Ln

Ridgeland, MS 39157
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4 bd, 3 ba | 2,442 sqft | Built in 2002

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List Price
$299,000

Initial Investment

$81,478

Purchase Price

$299,000

Down Payment

25%

Rent

$2,320

Total Return

$75,563

Annualized Return

14.6%

Cap Rate

6.4%

Gross Yield

9.3%

Cash Flow

$1,853

Appreciation

4.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

20,038

HOA

None

Flood Risk

Not Required

Welcome to this spacious 4-bedroom, 2.5-bath home located in Old Agency Village of Ridgeland. Nestled on a generous lot, this property offers the perfect blend of character, comfort, and opportunity for those with a vision. Step onto the inviting front porch and inside where you'll find a desirable split floor plan with spacious bedrooms, wood blinds throughout, and a gas log fireplace that creates a cozy focal point in the main living area. Entertain with ease thanks to a built-in wet bar, a sound system, and a heated and cooled sunroom that extends your living space year-round. The kitchen offers ample counter space and a walk-in pantry. Out back, enjoy the large fenced yard complete with covered, tiered decks—perfect for gatherings, grilling and plenty of backyard play. While this home does need some repairs and updates, it presents an excellent opportunity to make it your own and build equity in a prime location. Bring your creativity and turn this diamond in the rough into a dream home!

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

Annual Financial Highlights

Expected Rent

$26,448

Expenses

-$4,790

Property Taxes

-$3,550

Loan Payments

-$16,255

Net Cash Flow

$1,853

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:Lori Bragg
Agent License B-15655
Re/Max Marketplace
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4110365
Last Updated: 04/17/2025 02:04
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