9201 Morgan Rd

Meridian, MS 39307
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3 bd, 1 ba | 1,200 sqft | Built in 1955

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Sale Pending

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List Price
$90,000

$15K

Initial Investment

$24,525
Pre-approval letter or proof of funds required.

Purchase Price

$90,000

Down Payment

25%

Rent

$950

Total Return

$38,576

Annualized Return

23.4%

Cap Rate

8.5%

Gross Yield

12.7%

Cash Flow

$2,240

Appreciation

5.3%
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Features

Occupancy

Occupied

Lease Start

10/03/2022

Lease End

10/02/2023

Lot Size

26,136

HOA

None

Flood Risk

Not Required

  • Strong cap rate

See more in Analysis

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Annual Financial Highlights

Expected Rent

$10,830

Expenses

-$2,997

Property Taxes

-$700

Loan Payments

-$4,893

Net Cash Flow

$2,240

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

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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