6209 Oakland Park St

Meridian, MS 39307
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3 bd, 1 ba | 1,377 sqft | Built in 1963

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List Price
$94,950

Initial Investment

$28,981

Purchase Price

$79,000

Down Payment

25%

Rent

$1,100

Total Return

$33,990

Annualized Return

19.9%

Cap Rate

10.5%

Gross Yield

16.7%

Cash Flow

$3,394

Appreciation

5.3%
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Features

Occupancy

Occupied

Lease Start

08/02/2022

Lease End

08/01/2023

Lot Size

9,188

HOA

None

Flood Risk

Not Required

  • This is a three bedroom/one full bath home. It has been completely renovated, new paint interior/exterior, new floor covering throughout, new vanity, new toilet, and has central heat and air. Located in a nice neighborhood!

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Annual Financial Highlights

Expected Rent

$12,540

Expenses

-$3,951

Property Taxes

-$900

Loan Payments

-$4,295

Net Cash Flow

$3,394

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