2038 Colonial Estates Rd
Belden, MS 38826
List Price
$150,000
Initial Investment
$38,150Purchase Price
$140,000
Down Payment
25%
Rent
$1,200
Total Return
$51,539
Annualized Return
19.4%
Cap Rate
6.6%
Gross Yield
10.3%
Cash Flow
$921
Appreciation
5.9%
Reset to DefaultEdit Assumptions
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
Annual Financial Highlights
Expected Rent
$13,680Expenses
-$3,448Property Taxes
-$1,700Loan Payments
-$7,611Net Cash Flow
$921See more in Financials
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