105 Ridgeway Dr
Ridgeland, MS 39157
Sold
Exclusive
List Price
$134,900
Initial Investment
$36,915Features
Occupancy
Unspecified
Lease Start
09/27/2019
Lease End
09/30/2022
Lot Size
22,877
HOA
None
Flood Risk
Not Required
- AS-IS Sale; Seller to Provide $8,000 Repair Credit Based on Attached Home Inspection Report - (Findings Indicative of Home Built circa 1970's)
- Strong Cap Rate - 7.4%/11.1% Gross Yield
- Market Rate Rent with Stable Tenancy
- A-Class Neighborhood/Suburb of Jackson; High-ranking School District - (please see GreatSchools.org)
- Centrally Located to HWY 50 & I-55; NorthPark Mall & Walmart Supercenter
- Major Renovation in 2016; Including Flooring Throughout
- Same Ownership Since 2007, with Professional Third-Party Management
See more in Analysis
Annual Financial Highlights
Expected Rent
$14,250Expenses
-$3,772Property Taxes
-$1,339Loan Payments
-$5,410Net Cash Flow
$3,730See more in Financials
Property Characteristics
Roofstock Exclusive
Listed directly by the seller, Exclusive properties are only available through Roofstock.
- These properties' Diligence Documents include one or more of these documents: inspection report, title search, rent history if occupied.
- If the home is non-certified and the posted inspection is more than 3 months old, an inspection contingency will apply.
- The seller will be represented by a Roofstock-affiliated broker and Roofstock will walk the buyer through the transaction.
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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