3416 36th Ave

Meridian, MS 39307
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3 bd, 1 ba | 1,459 sqft | Built in 1967

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List Price
$89,000

Initial Investment

$23,009

Purchase Price

$81,000

Down Payment

25%

Rent

$950

Total Return

$28,477

Annualized Return

18.7%

Cap Rate

7.5%

Gross Yield

14.1%

Cash Flow

$1,017

Appreciation

5.3%
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Features

Occupancy

Occupied

Lease Start

11/17/2020

Lease End

11/16/2021

Lot Size

8,322

HOA

None

Flood Risk

Not Required

  • Leased through 11/16/2021
  • Below market rent
  • Minimal estimated immediate/repair costs
  • Seller recently made repairs on home, view inspection documents for more info

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Annual Financial Highlights

Expected Rent

$10,830

Expenses

-$3,210

Property Taxes

-$2,200

Loan Payments

-$4,404

Net Cash Flow

$1,017

See more in Financials

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