106 Overby St

Brandon, MS 39042
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3 bd, 2 ba | 1,907 sqft | Built in 1963

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List Price
$184,900

Initial Investment

$50,874

Purchase Price

$180,000

Down Payment

25%

Rent

$1,824

Total Return

$62,429

Annualized Return

19.0%

Cap Rate

7.7%

Gross Yield

12.2%

Cash Flow

$3,156

Appreciation

4.8%
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Features

Occupancy

Occupied

Lease Start

-

Lease End

-

Lot Size

21,987

HOA

None

Flood Risk

Not Required

Great rental with tenant already in place. Cottage style home sitting on approx. a 1 acre lot in old downtown Brandon providing convenience but also keeping that secluded feel. This 3 Bedroom (possible 4 bedroom) 2 Bath Home was remodeled a few years ago giving it a nice new kitchen. It is open and has newer appliances, cabinetry, flooring and fixtures with lots of counter space and storage. Much of the home has the original, beautiful wood floors throughout. The Family room features a fireplace, wood floors and lots of windows bringing in pretty natural light overlooking the expansive front yard. The bathrooms have been updated also with new fixtures, etc. Huge Master Bedroom suite with Master Bath plus there is an extra room that could be used as a 4th bedroom if needed or a great space for an office or space for whatever you may need. There's also a HUGE metal shop in great condition offering space to do whatever you want.

See more in Analysis
Monique Maselle Kelly
CENTURY 21 Maselle & Associates
MS Agent License #S-44457

Annual Financial Highlights

Expected Rent

$20,794

Expenses

-$5,236

Property Taxes

-$2,616

Loan Payments

-$9,786

Net Cash Flow

$3,156

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:Monique Maselle-Kelly
Agent License S44457
Century 21 Maselle & Associates
Certified Agent Brokerage:Monique Maselle Kelly
CENTURY 21 Maselle & Associates
MS Brokerage License B-9203
SourceMLS United
MLS #4035246
Last Updated: 12/22/2022 07:12
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