624 Post Oak Pl

Pearl, MS 39208
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3 bd, 2 ba | 1,471 sqft | Built in 2004

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List Price
$238,000

Initial Investment

$68,498

Purchase Price

$236,700

Down Payment

25%

Rent

$1,805

Total Return

$64,776

Annualized Return

14.7%

Cap Rate

6.3%

Gross Yield

9.2%

Cash Flow

$1,178

Appreciation

4.8%
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Features
Roofstock Certified

Occupancy

Occupied

Lease Start

03/25/2022

Lease End

04/30/2023

Lot Size

9,903

HOA

$17/mo

Flood Risk

Not Required

  • Property is located in premium Class A neighborhood and highly rated schools, 15 minutes from Jackson, MS Metro Area
  • Seller previously completed repairs to meet Roofstock certification requirements. Inspection contingency available due to aged inspection report
  • Given the current market conditions, seller is flexible to finance a portion of the purchase
  • 1 year home warranty with First American through May 2023
  • Pet fee included in monthly rent of $30
  • Competitive current market rent, with high annual cash flow, and attractive cap rate
  • Steady five year market appreciation
  • Tenant Occupied through April 2023 with all payments made on time
  • Newly refreshed and updated interior, well maintained with low deferred maintenance
  • Roofstock Preferred Property Management already in place!

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Annual Financial Highlights

Expected Rent

$20,577

Expenses

-$4,931

Property Taxes

-$1,600

Loan Payments

-$12,868

Net Cash Flow

$1,178

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