103 N Ida Ln

Long Beach, MS 39560
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3 bd, 2 ba | 1,332 sqft | Built in 1967

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List Price
$149,900

Initial Investment

$40,848

Purchase Price

$149,900

Down Payment

25%

Rent

$1,320

Total Return

$43,657

Annualized Return

17.2%

Cap Rate

7.6%

Gross Yield

10.6%

Cash Flow

$2,484

Appreciation

3.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,583

HOA

None

Flood Risk

Not Required

Nestled on a quiet cul-de-sac just a few blocks from the beach, this move-in-ready home is full of potential! Whether you're an investor or a first-time homebuyer, this property offers a fantastic opportunity to create your dream space. Located near Long Beach Schools, Memorial Hospital, and the USM Gulf Park Campus, convenience is at your doorstep.
The cozy rear porch and wood deck provide a serene spot to relax, while the detached storage shed offers plenty of space for tools, outdoor gear, or working on hobbies.
Enjoy the charm of a peaceful neighborhood with the perks of a prime location. Don't miss this opportunity to own an affordable home in a sought-after area! Be sure to check out the 3D tour.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
MS Agent License #23667

Annual Financial Highlights

Expected Rent

$15,048

Expenses

-$3,065

Property Taxes

-$1,350

Loan Payments

-$8,149

Net Cash Flow

$2,484

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:Stacy Gallagher
Agent License S56047
Ellis Realty
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4098045
Last Updated: 12/03/2024 13:12
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