706 Garden Dr

Laurel, MS 39440
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3 bd, 2 ba | 1,557 sqft | Built in 1949

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For Sale

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List Price
$169,000

$6K

Initial Investment

$48,053
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$169,000

Down Payment

25%

Rent

$1,450

Total Return

$58,294

Annualized Return

18.3%

Cap Rate

7.0%

Gross Yield

10.3%

Cash Flow

$1,919

Appreciation

5.3%
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Features

Occupancy

Vacant

Vacancy Protection

Yes

Lot Size

1,557

HOA

None

Flood Risk

Not Required

MUST SEE! Beautifully updated 3-bedroom 2 bath home, locate in the famous Hometown of Laurel Ms. This home has new roof, new HVAC system, newer appliances, and butcher block kitchen countertops. Large pet friendly fenced in backyard.

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

$16,530

Expenses

-$3,923

Property Taxes

-$1,500

Loan Payments

-$9,188

Net Cash Flow

$1,919

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:Jerry Ford
Jerry Ford Real Estate LLC
Certified Agent Brokerage:Lauren Bynum
KW ELITE Keller Williams Realty/Empowering You, Inc
MS Brokerage License B-23049
SourceHattiesburg MLS (HSMLS)
MLS #131592
Last Updated: 12/01/2022 10:12
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.