6221 Walnut St

Meridian, MS 39307
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4 bd, 1.5 ba | 1,345 sqft | Built in 1978

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List Price
$72,500

Initial Investment

$21,927

Purchase Price

$72,500

Down Payment

25%

Rent

$725

Total Return

$25,528

Annualized Return

18.1%

Cap Rate

7.7%

Gross Yield

12%

Cash Flow

$1,168

Appreciation

5.3%
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Features

Occupancy

Occupied

Lease Start

02/01/2020

Lease End

01/31/2021

Lot Size

11,925

HOA

None

Flood Risk

Not Required

  • Home is eligible for American Home Shield Warranty. Purchase a 1 Year Home Warranty for peace of mind. Schedule a time to speak with us to learn more.
  • Leased through 2021
  • Meridian, MS is the 7th largest city in the State of Mississippi.

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Annual Financial Highlights

Expected Rent

$8,265

Expenses

-$2,455

Property Taxes

-$700

Loan Payments

-$3,941

Net Cash Flow

$1,168

See more in Financials

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