2228 Crabapple Dr

Meridian, MS 39301
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3 bd, 2 ba | 1,500 sqft | Built in 1955

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List Price
$120,000

Initial Investment

$33,431

Purchase Price

$115,000

Down Payment

25%

Rent

$1,200

Total Return

$48,137

Annualized Return

22.1%

Cap Rate

8.7%

Gross Yield

12.5%

Cash Flow

$3,039

Appreciation

5.3%
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Features

Occupancy

Occupied

Lease Start

05/01/2021

Lease End

04/30/2022

Lot Size

23,687

HOA

None

Flood Risk

Not Required

  • Seller recently made repairs on home, view inspection documents for more info

See more in Analysis

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Annual Financial Highlights

Expected Rent

$13,680

Expenses

-$3,739

Property Taxes

-$650

Loan Payments

-$6,252

Net Cash Flow

$3,039

See more in Financials

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