3470 Grandview Ave

Meridian, MS 39305
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3 bd, 2 ba | 1,553 sqft | Built in 1940

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List Price
$125,000

Initial Investment

$42,108

Purchase Price

$115,000

Down Payment

25%

Rent

$1,250

Total Return

$38,495

Annualized Return

15.4%

Cap Rate

8.5%

Gross Yield

13.0%

Cash Flow

$2,857

Appreciation

5.3%
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Features

Occupancy

Unspecified

Lease Start

11/17/2021

Lease End

11/16/2022

Lot Size

31,200

HOA

None

Flood Risk

Not Required

  • AS-IS Sale
  • Excellent cap rate at 8%
  • Below market rent
  • 4-star neighborhood

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$14,250

Expenses

-$3,941

Property Taxes

-$1,200

Loan Payments

-$6,252

Net Cash Flow

$2,857

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