1003 Grant Ave

Pascagoula, MS 39567
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4 bd, 3 ba | 3,200 sqft | Built in 1904

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List Price
$335,000

Initial Investment

$91,288

Purchase Price

$335,000

Down Payment

25%

Rent

$2,650

Total Return

$93,582

Annualized Return

15.9%

Cap Rate

6.5%

Gross Yield

9.5%

Cash Flow

$2,461

Appreciation

4.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

34,412

HOA

None

Flood Risk

High Risk - Zone AE

South Pascagoula Historic Home. 1st Home Built on Grant Ave. Walking distance to white sandy beach. Lots of things to do if you are an active person. Close to Pascagoula Country Club that offers a 9 hole golf course and a large swimming pool for members to enjoy all summer. Located in Beach Elementary School District Rated #1 elementary school in Mississippi. This home has had it's share of additions and renovations through the years to accommodate our modern day comforts without losing it's 1904 character and charm. Walking distance to the beach or Downtown. Did I mention that the original Carriage House has been converted into a 1 bedroom 550 SqFt bungalow. Great for aging parents or visiting guest. A new 5 ton Trane AC unit recently installed plus a second upstairs unit that is just over a year old.
Make your appointment TODAY before it GETS AWAY.

See more in Analysis
Pablo Pereyra
901 Realtor
MS Agent License #23667

Annual Financial Highlights

Expected Rent

$30,210

Expenses

-$5,526

Property Taxes

-$4,010

Loan Payments

-$18,212

Net Cash Flow

$2,461

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

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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Listing Courtesy of:Matthew Johnson
Agent License S57997
Coldwell Banker Smith Home Rltrs-Gautier
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4073659
Last Updated: 03/16/2025 00:03
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