2038 Colonial Estates Rd

Belden, MS 38826
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3 bd, 2 ba | 1,125 sqft | Built in 1985

Sale Pending

Exclusive

List Price
$150,000

Initial Investment

$152,250
Features

Occupancy

Occupied

Lease Start

06/26/2020

Lease End

07/31/2022

Lot Size

12,590

HOA

None

Flood Risk

Not Required

  • Property is occupied by a seasoned tenant who has never missed or had a late payment and is locked into their lease through July 31, 2022
  • Open concept 3br/2ba property that is in high demand in the local rental market
  • Located in a desirable school district
  • HVAC replaced in October 2020
  • In 2019 the home was painted throughout, bedroom carpets were replaced and light fixtures updated, and both bathrooms were renovated (new
flooring, vanities, mirror, and lighting).
See more in Analysis

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Annual Financial Highlights

Expected Rent

$13,680

Expenses

-$3,354

Property taxes

-$1,700

Loan Payments

$0

Net Cash Flow

$8,626

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

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.