839 SPRINGFIELD CT
RIDGELAND, MS 39157
List Price
$249,900
Initial Investment
$68,098Purchase Price
$249,900
Down Payment
25%
Rent
$1,510
Total Return
$42,000
Annualized Return
9.6%
Cap Rate
4.7%
Gross Yield
7.3%
Cash Flow
-$2,436
Appreciation
4.0%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
7,841
HOA
None
Flood Risk
Not Required
This fully upgraded 3-bedroom, 2-bathroom gem is listed for under $250K! Located in a quiet and safe neighborhood with easy access to everything . The roof is just 3 years old, and the central heating and cooling system was replaced only 2 years ago. Inside, you'll find quartz countertops in both the kitchen and bathrooms, along with water-resistant laminate flooring throughout the entire home.
Step outside to a beautifully landscaped backyard with a large screened porch—perfect for relaxing or entertaining. The spacious, flat side yard offers an ideal space for playing ball or enjoying other outdoor activities. Additional features include ample floored attic storage to meet all your storage needs.
Whether you're looking for your next home or a smart investment, this property is a fantastic opportunity!
See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
Agent License #2020040993
Annual Financial Highlights
Expected Rent
$17,214Expenses
-$3,064Property Taxes
-$3,000Loan Payments
-$13,586Net Cash Flow
-$2,436See 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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Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4109144
Last Updated: 04/08/2025 01:04
MLS #4109144
Last Updated: 04/08/2025 01:04