640 McGregor St S

Wiggins, MS 39577
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4 bd, 1 ba | 1,674 sqft | Built in 1972

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List Price
$195,000

Initial Investment

$53,138

Purchase Price

$195,000

Down Payment

25%

Rent

$1,610

Total Return

$94,232

Annualized Return

24.3%

Cap Rate

7.3%

Gross Yield

9.9%

Cash Flow

$2,899

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

16,553

HOA

None

Flood Risk

Not Required

If you're looking to make Wiggins, MS home, you don't want to miss this completely renovated 4 bedroom 2 bath home! Located one mile from the Award Winning Blue Ribbon Stone Elementary School and Memorial Hospital at Stone County. Within two miles of ever-growing Downtown Wiggins, giving quick access to local dining, coffee and ice cream shops, boutique shopping, and more.
This home was completely taken down to studs and now contains all things new- windows, roof, HVAC, sheetrock, electrical, water heater, appliances, fixtures, floors, and insulation. You'll find quartz countertops throughout the kitchen and soft close cabinets throughout the house. In the laundry room you'll find cabinets for storage, butcher block countertops, and a sink. Outside you'll find Hardie plank soffit and fascia boards plus additional carport storage space.
With an adjourning bedroom with an in-room shower off of the master bedroom, you'll have the flexibility of creating the master suite of your dreams if you desire! Your home, your vision! Contact your favorite Realtor and schedule your private showing, TODAY!

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

Annual Financial Highlights

Expected Rent

$18,354

Expenses

-$3,434

Property Taxes

-$1,420

Loan Payments

-$10,601

Net Cash Flow

$2,899

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:Shyra Galloway
Agent License B24419
EXIT By Faith Realty
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4097377
Last Updated: 11/22/2024 06:11
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