8520 Point Aux Chenes Rd

Ocean Springs, MS 39564
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3 bd, 2 ba | 2,013 sqft | Built in 1970

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List Price
$256,900

Initial Investment

$70,005

Purchase Price

$256,900

Down Payment

25%

Rent

$2,090

Total Return

$80,255

Annualized Return

17.8%

Cap Rate

7.2%

Gross Yield

9.8%

Cash Flow

$3,487

Appreciation

4.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

23,522

HOA

None

Flood Risk

High Risk - Zone AE

Welcome to this well-maintained 3-bedroom, 2-bath home featuring a versatile B0NUS room and set on over ½ ACRE lot in the Ocean Springs School District. The bonus space, currently utilized as a home gym, offers over 300 sq/ft of endless possibilities for the new owners. This home has numerous recent updates and is carpet free throughout. The open living space includes a generously sized living area with a sitting space and a dining area that seamlessly flows into the light and airy kitchen. The kitchen is the perfect space for the cook of the house with ample counter and cabinet space, granite countertops, a spacious island, and stainless steel appliances. Don't miss the wine/coffee bar area in the corner of the dining space! This split bedroom floor plan home has a spacious primary bedroom, complete with an ensuite bathroom updated with granite countertops. Step outside to the expansive, fenced-in backyard with a large covered patio and a pergola. Raised gardening boxes in the yard are perfect for the green thumb in the family. Additionally, the spacious shed in the backyard is equipped with air conditioning and electricity, making it an ideal workshop or hobby area. This home offers a perfect blend of comfort, functionality, and outdoor enjoyment. Make your appointment today!

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

Annual Financial Highlights

Expected Rent

$23,826

Expenses

-$4,423

Property Taxes

-$1,950

Loan Payments

-$13,966

Net Cash Flow

$3,487

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:Crystal Boggs
Agent License B22496
NextHome HomeFront
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4086672
Last Updated: 07/26/2024 16:07
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