2405 46th Ave

Meridian, MS 39307
image0

2 bd, 1 ba | 1,414 sqft | Built in 1952

slider image
slider image
slider image
List Price
$79,900

Initial Investment

$23,521

Purchase Price

$75,000

Down Payment

25%

Rent

$950

Total Return

$29,165

Annualized Return

19.6%

Cap Rate

8.8%

Gross Yield

15.2%

Cash Flow

$1,886

Appreciation

5.3%
refreshReset to Default
Edit Assumptions
Features
Roofstock Certified

Occupancy

Occupied

Lease Start

05/01/2021

Lease End

04/30/2022

Lot Size

12,560

HOA

None

Flood Risk

Not Required

  • Leased up-to April 2022
  • Seller recently made repairs on home, view inspection documents for more info
  • Home has additional room that operates as a third bedroom
  • Seller to offer 1-year home warranty to buyer (value of $635)

See more in Analysis

Have a question for us?

We’re happy to help!

Ask a Question

Annual Financial Highlights

Expected Rent

$10,830

Expenses

-$3,367

Property Taxes

-$1,500

Loan Payments

-$4,077

Net Cash Flow

$1,886

See more in Financials

Similar Listings