9416 Meadowlark Ave

Ocean Springs, MS 39564
image0

4 bd, 4 ba | 2,096 sqft | Built in 1978

slider image
slider image
slider image
List Price
$210,000

Initial Investment

$57,225

Purchase Price

$210,000

Down Payment

25%

Rent

$2,040

Total Return

$79,575

Annualized Return

21.7%

Cap Rate

8.5%

Gross Yield

11.7%

Cash Flow

$5,482

Appreciation

4.4%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,583

HOA

None

Flood Risk

Not Required

This charming fixer upper offers great potential and a prime location with a short walk to the beach and boat ramp. Large beautiful trees. The main house features 4 bedrooms and 3 baths perfect for those looking to create a coastal retreat. The living room has high ceilings and a stone wood burning fireplace. The back yard has tons of potential to create your own oasis. Additionally, the property includes a separate cottage out back ideal for a guest house with separated bathroom though it does need some work. There is also a separate building/shed in the back. This home is offered as-is and requires no flood insurance. With its close proximity to the ocean and local amenities, this property is a rare find for those willing to invest in renovations.

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

Annual Financial Highlights

Expected Rent

$23,256

Expenses

-$4,758

Property Taxes

-$1,600

Loan Payments

-$11,417

Net Cash Flow

$5,482

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.

Similar Listings



Listing Courtesy of:Manda Marsh
Agent License S58803
EXIT Realty Heart Properties
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4086696
Last Updated: 07/26/2024 16:07
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.