128 Woodbine Dr

Gulfport, MS 39507
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3 bd, 2 ba | 1,456 sqft | Built in 1964

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List Price
$149,900

Initial Investment

$40,848

Purchase Price

$149,900

Down Payment

25%

Rent

$1,280

Total Return

$37,783

Annualized Return

14.8%

Cap Rate

6.8%

Gross Yield

10.2%

Cash Flow

$1,377

Appreciation

3.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,632

HOA

None

Flood Risk

Not Required

Feast your eyes on your future dream home. Located just minutes from the Beach, this is the opportunity you have been waiting for. Located just off Courthouse Rd by Gulfport High School, minutes from Pass Road, and right between Hwy 49 and Hwy 605. This home has a large living room as well as a spacious dining room. The kitchen space is great and has so much potential. The 3 bedrooms are large with transom windows that will allow tons of light. The two bathrooms are nice sized, with the primary bathroom having a separate toilet/ tub area. This home has to have one of the nicest covered porches around. The high ceiling will allow for it to easily be converted into an amazing outdoor kitchen. The backyard is large with great trees to diffuse the sun. On the property there is a well that was used by the owner until at least 2020 when she became ill. The AC/Furnace is less than 5 years old. Don't let this property sneak by.

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

Annual Financial Highlights

Expected Rent

$14,592

Expenses

-$2,925

Property Taxes

-$2,140

Loan Payments

-$8,149

Net Cash Flow

$1,377

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:Sabrina Redmon
Agent License S40461
Latter & Blum, Inc.
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4086609
Last Updated: 12/07/2024 19:12
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