3840 Heathcliff Dr

Horn Lake, MS 38637
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3 bd, 2 ba | 1,189 sqft | Built in 1987

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List Price
$189,900

Initial Investment

$51,748

Purchase Price

$189,900

Down Payment

25%

Rent

$1,420

Total Return

$70,802

Annualized Return

19.7%

Cap Rate

6.6%

Gross Yield

9.0%

Cash Flow

$1,633

Appreciation

5.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,583

HOA

None

Flood Risk

Not Required

Ready for your next project? This house just needs a little updating, cleaning, and refreshing to bring it back to life. Ideal for DIY homeowners who are not afraid of a little sweat equity or investors looking for their next buy-and-hold. It will make a great investment property. Sellers are investors and have never seen the property. The property is priced below market to reflect needed updates. Utilities have been requested. Buyers to perform their due diligence. Sold AS-IS. The seller will not make repairs.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
Agent License #2020040993

Annual Financial Highlights

Expected Rent

$16,188

Expenses

-$2,881

Property Taxes

-$1,350

Loan Payments

-$10,324

Net Cash Flow

$1,633

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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Similar Listings



Listing Courtesy of:Craig Flannery
Agent License 0662792
Ppmg of Texas
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4110143
Last Updated: 04/21/2025 14:04
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