3411 29th Ave

Meridian, MS 39305
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3 bd, 2 ba | 2,961 sqft | Built in 1940

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List Price
$89,900

Initial Investment

$24,764

Purchase Price

$82,300

Down Payment

25%

Rent

$1,030

Total Return

$28,812

Annualized Return

18.0%

Cap Rate

7.8%

Gross Yield

15.0%

Cash Flow

$1,271

Appreciation

5.3%
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Features

Occupancy

Unspecified

Lease Start

09/08/2021

Lease End

09/07/2022

Lot Size

57,064

HOA

None

Flood Risk

Not Required

  • AS-IS Sale
  • Attractive cap rate
  • Near schools and churches
  • Located in a quiet, wooded area
  • Carport/Garage
  • Property operates as a 3 bedroom 2.5 bathroom house, with additional half bathroom located in basement

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Annual Financial Highlights

Expected Rent

$11,742

Expenses

-$4,197

Property Taxes

-$1,800

Loan Payments

-$4,474

Net Cash Flow

$1,271

See more in Financials

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