1403 N 7th Ave

Laurel, MS 39440
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3 bd, 2 ba | 2,135 sqft | Built in 1998

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For Sale

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List Price
$209,000

Initial Investment

$61,953
Pre-approval letter or proof of funds required.

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about the purchase process.

Purchase Price

$209,000

Down Payment

25%

Rent

$1,800

Total Return

$61,020

Annualized Return

15.1%

Cap Rate

6.2%

Gross Yield

10.3%

Cash Flow

$763

Appreciation

5.3%
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Features

Occupancy

Vacant

Vacancy Protection

Yes

Lot Size

10,050

HOA

None

Flood Risk

Not Required

Right where everyone wants to be!! Check out this 3 bedroom 2 bath home sitting on the historic 7th ave. Home has double garage, large fenced in back yard, formal dining area, all sitting on top of a hill. Call your agent for your private viewing today!

See more in Analysis
Lauren Bynum
KW ELITE Keller Williams Realty/Empowering You, Inc
MS Agent License #S-55056

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Annual Financial Highlights

Expected Rent

$20,520

Expenses

-$4,813

Property Taxes

-$3,581

Loan Payments

-$11,362

Net Cash Flow

$763

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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Listing Courtesy of:Christy Sumrall Purvis
RE/MAX Town & Country
Certified Agent Brokerage:Lauren Bynum
KW ELITE Keller Williams Realty/Empowering You, Inc
MS Brokerage License B-23049
SourceHattiesburg MLS (HSMLS)
MLS #130625
Last Updated: 11/02/2022 09:11
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.