55 Mar Ree Dr

Laurel, MS 39440
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3 bd, 2 ba | 1,930 sqft | Built in 1972

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For Sale

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List Price
$207,760

Initial Investment

$59,115
Pre-approval letter or proof of funds required.

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about the purchase process.

Purchase Price

$207,760

Down Payment

25%

Rent

$1,650

Total Return

$65,367

Annualized Return

16.6%

Cap Rate

6.4%

Gross Yield

9.5%

Cash Flow

$1,181

Appreciation

5.3%
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Features

Occupancy

Vacant

Vacancy Protection

Yes

Lot Size

2,006

HOA

None

Flood Risk

Not Required

55 Mar Ree Dr. is a brick, ranch, single story home. It has 3 bedrooms and 2 bathrooms as well as a great room that can be used as a fourth bedroom, game room, or extra entertaining/living space. The galley style kitchen opens up to the large dinning room and is near the cozy living room. The backyard has a small blue storage shed that will stay with the property ( larger shed does not stay) and a partial fence. The home is located in the city of Laurel in a well established neighborhood conveniently located near shops, grocery stores, and restaurants. This home is in good condition and has been lightly updated but has room for more improvements and upgrades to be made by the next owners if they wish to make improvements. This is a great home with lots of potential.

See more in Analysis
Lauren Bynum
KW ELITE Keller Williams Realty/Empowering You, Inc
MS Agent License #S-55056

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Annual Financial Highlights

Expected Rent

$18,810

Expenses

-$4,335

Property Taxes

-$2,000

Loan Payments

-$11,295

Net Cash Flow

$1,181

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Courtney Edwards
Red Fox Realty
Certified Agent Brokerage:Lauren Bynum
KW ELITE Keller Williams Realty/Empowering You, Inc
MS Brokerage License B-23049
SourceHattiesburg MLS (HSMLS)
MLS #131280
Last Updated: 11/06/2022 18:11
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.