105 Ridgeway Dr

Ridgeland, MS 39157
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3 bd, 1.5 ba | 1,472 sqft | Built in 1970

Sold

Exclusive

List Price
$134,900

Initial Investment

$36,915
Pre-approval letter or proof of funds required.
Features

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

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Annual Financial Highlights

Expected Rent

$14,250

Expenses

-$3,772

Property Taxes

-$1,339

Loan Payments

-$5,410

Net Cash Flow

$3,730

See 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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