2470 Tandy Dr

Gulfport, MS 39503
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3 bd, 2 ba | 1,423 sqft | Built in 2003

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List Price
$109,000

Initial Investment

$29,326

Purchase Price

$104,500

Down Payment

25%

Rent

$895

Total Return

$18,485

Annualized Return

10.2%

Cap Rate

5.6%

Gross Yield

10.3%

Cash Flow

-$359

Appreciation

3.7%
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Features

Occupancy

Occupied

Lease Start

04/01/2015

Lease End

04/01/2016

Lot Size

9,801

HOA

None

Flood Risk

Not Required

  • Long-term tenant in place
  • Attractive 3 bed 1 bath with attached garage
  • $150/mo in upside rent potential, with MTM lease
  • 15%+ IRR at current rent
  • Seller recently made repairs on home, view inspection documents for more info

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Annual Financial Highlights

Expected Rent

$10,203

Expenses

-$3,081

Property Taxes

-$1,800

Loan Payments

-$5,681

Net Cash Flow

-$359

See more in Financials

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