3350 27th Ave

Meridian, MS 39305
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3 bd, 1 ba | 1,527 sqft | Built in 1964

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List Price
$79,950

Initial Investment

$21,396

Purchase Price

$77,500

Down Payment

25%

Rent

$850

Total Return

$25,489

Annualized Return

17.7%

Cap Rate

6.9%

Gross Yield

13.2%

Cash Flow

$525

Appreciation

5.3%
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Features

Occupancy

Occupied

Lease Start

03/01/2020

Lease End

02/28/2021

Lot Size

12,032

HOA

None

Flood Risk

Not Required

  • Roofstock Turnkey property, freshly rehabbed with new lease started 3/1/20
  • Free 1 year home warranty through American Home Shield paid by Seller (valued at $700)
  • Go to join.roofstock.com/turnkey to learn more about the Roofstock Turnkey program
  • New carpet, counter tops, paint, hot water heater and more

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$2,952

Property Taxes

-$2,000

Loan Payments

-$4,213

Net Cash Flow

$525

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