104 Ramblewood Dr

Hattiesburg, MS 39402
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4 bd, 2 ba | 2,792 sqft | Built in 1985

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List Price
$299,500

Initial Investment

$81,614

Purchase Price

$299,500

Down Payment

25%

Rent

$2,390

Total Return

$81,815

Annualized Return

15.7%

Cap Rate

6.7%

Gross Yield

9.6%

Cash Flow

$2,767

Appreciation

4.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

37,026

HOA

None

Flood Risk

Not Required

PRACTICALLY NEW AND PACKED WITH UPGRADES! Welcome to this beautifully renovated home in the sought-after Oak Grove School District, nestled in the established and conveniently located West Lake Manor neighborhood, just off Oak Grove Road. Step inside to discover all-new luxury vinyl plank flooring that flows seamlessly throughout the home. Both bathrooms have been updated with gorgeous new granite vanities, and the entire home has fresh interior and exterior paint. Offering a spacious and versatile layout, this home features 4 bedrooms, a formal dining room, and a cozy breakfast area off the kitchen that opens to a welcoming great room. Need more space? The large flex room offers endless possibilities and includes abundant closet space, making it ideal for a game room, media room, or
even a fifth bedroom. The kitchen is a showstopper with its new granite countertops, stylish backsplash, stainless steel appliances, and freshly painted cabinetry adorned with brand-new hardware. The oversized laundry room/pantry off the kitchen offers extra storage to keep everything organized and within reach.
The great room is bathed in natural light thanks to a wall of windows overlooking the private backyard. With its vaulted ceiling and gas log fireplace, this is the perfect space to relax or entertain. The primary bedroom suite features an updated granite vanity and a walk-in closet with custom wood shelving, while the additional bedrooms are generously sized, each with new paint and flooring.
Enjoy peace of mind with a brand-new 5-ton HVAC system and a new water heater. The home is situated on a large lot with a private backyard with a spacious storage shed for all your outdoor essentials. Residents can enjoy optional lake access through the neighborhood's affordable HOA.
Schedule your private tour today and fall in love with this stunning, move-in-ready home!

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

Annual Financial Highlights

Expected Rent

$27,246

Expenses

-$5,007

Property Taxes

-$3,190

Loan Payments

-$16,282

Net Cash Flow

$2,767

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:Christy Mclemore
Agent License S23962
Keller Williams Elite
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4097095
Last Updated: 11/19/2024 16:11
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