27019 Leetown Rd

Picayune, MS 39466
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5 bd, 3 ba | 2,100 sqft | Built in 1970

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List Price
$219,000

Initial Investment

$59,678

Purchase Price

$219,000

Down Payment

25%

Rent

$2,050

Total Return

$90,322

Annualized Return

22.5%

Cap Rate

8.0%

Gross Yield

11.2%

Cash Flow

$4,782

Appreciation

5.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

65,340

HOA

None

Flood Risk

Not Required

Older farmhouse with some remodeling. All new kitchen cabinets, countertops, sink, pantry, appliances, etc. Some new lighting and all new laminate flooring. The bathrooms are updated, but the timeframe is unknown. Freshly painted. Room for the whole family, friends, and pets. Separate family room and living room. Big utility room. Large shed and drop shed. Open garage (no door).

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
MS Agent License #23667

Annual Financial Highlights

Expected Rent

$23,370

Expenses

-$4,682

Property Taxes

-$2,000

Loan Payments

-$11,906

Net Cash Flow

$4,782

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

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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:Antha Mitchell
Agent License S42724
RE/MAX Premier Group
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4090348
Last Updated: 12/05/2024 18:12
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