105 Ridgeway Dr
Ridgeland, MS 39157
List Price
$134,900
Initial Investment
$36,915Purchase Price
$125,900
Down Payment
25%
Rent
$1,250
Total Return
$37,250
Annualized Return
16.5%
Cap Rate
7.8%
Gross Yield
11.9%
Cash Flow
$2,295
Appreciation
4.0%
Reset to DefaultEdit Assumptions
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
Annual Financial Highlights
Expected Rent
$14,250Expenses
-$3,772Property Taxes
-$1,339Loan Payments
-$6,845Net Cash Flow
$2,295See more in Financials
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