3516 32nd Ave

Meridian, MS 39305
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3 bd, 2 ba | 1,690 sqft | Built in 1968

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List Price
$84,900

Initial Investment

$22,727

Purchase Price

$82,500

Down Payment

25%

Rent

$900

Total Return

$29,595

Annualized Return

19.4%

Cap Rate

7.4%

Gross Yield

13.1%

Cash Flow

$1,013

Appreciation

5.3%
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Features

Occupancy

Occupied

Lease Start

02/01/2020

Lease End

01/31/2021

Lot Size

11,250

HOA

None

Flood Risk

High Risk - Zone AE

  • Roofstock Turnkey property
  • Free 1 year home warranty through American Home Shield paid by Seller (cost of $660)
  • Go to join.roofstock.com/turnkey to learn more about the Roofstock Turnkey program
  • New AC and Furnace installed in March 2019
  • Seller recently made repairs on home, view inspection documents for more info

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$10,260

Expenses

-$2,862

Property Taxes

-$1,900

Loan Payments

-$4,485

Net Cash Flow

$1,013

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