3610 41st St- Part of a Mini Portfolio
Meridian, MS 39305
List Price
$109,500
Initial Investment
$34,706Purchase Price
$109,500
Down Payment
25%
Rent
$1,000
Total Return
$34,837
Annualized Return
15.9%
Cap Rate
7.2%
Gross Yield
11.0%
Cash Flow
$1,363
Appreciation
5.3%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
03/01/2022
Lease End
02/28/2023
Lot Size
18,200
HOA
None
Flood Risk
Not Required
- This property is being sold in its current condition with in-place cash flow. All condition details can be found in the inspection report under the "Buy Process" tab.
- An inspection contingency will be applied to the two items below as they were not able to be evaluated during the inspection.
1) Re-inspection of Attic: The attic was not inspected due to access issue.
2) Re-inspection of Gas/Water: The gas/water was turned off during the time of the inspection which left several items not tested. (Home was vacant at the time)
- Depending on offer, seller will consider giving a credit for repairs at closing.
See more in Analysis
Annual Financial Highlights
Expected Rent
$11,400Expenses
-$2,984Property Taxes
-$1,100Loan Payments
-$5,953Net Cash Flow
$1,363See more in Financials
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