4116 Farguson Cv

Olive Branch, MS 38654
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5 bd, 3 ba | 2,900 sqft | Built in 2006

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List Price
$375,000

Initial Investment

$102,188

Purchase Price

$375,000

Down Payment

25%

Rent

$2,750

Total Return

$173,669

Annualized Return

22.4%

Cap Rate

6.1%

Gross Yield

8.8%

Cash Flow

$1,200

Appreciation

7.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

48,351

HOA

None

Flood Risk

Not Required

Located on a 1.11-acre lot in a quiet cove, this well-maintained home offers either 5 bedrooms and 3 bathrooms or 4 bedrooms with a bonus room. The great room features high ceilings and wood laminate flooring that continues into the formal dining room. The kitchen, which is open to a large hearth room, includes tile floors, granite countertops, stainless steel appliances, a breakfast bar, and plenty of cabinets. It also has a walk-in pantry and an additional pantry for extra storage.
On the main floor, the bedroom layout is split, with two bedrooms including a spacious primary suite that comes with dual sinks, a jetted tub, a large walk-in shower and a large walk-in closet. Another large bedroom on this floor has easy access to a second bathroom, adding flexibility to the space. Upstairs, there are two more bedrooms and a large bonus room currently set up as a media room with an overhead projector and screen, which are included. This room also has a closet and could be used as a fifth bedroom.
Outside, the property features a large backyard that extends beyond the fenced area, a covered patio, and no rear neighbors. There's also a deep 2-car garage that can fit a pickup truck and has a built-in tornado shelter in the garage floor. The home is located in Olive Branch, known for its great schools and close to shopping, dining, and Methodist Hospital, adding convenience to its appeal.

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

Annual Financial Highlights

Expected Rent

$31,350

Expenses

-$7,163

Property Taxes

-$2,600

Loan Payments

-$20,387

Net Cash Flow

$1,200

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.

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Listing Courtesy of:Tracy Kirkley
Agent License B-18348
Crye-Leike Of MS-OB
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4076396
Last Updated: 04/12/2024 03:04
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