107 Falcon Ridge Dr

Raymond, MS 39154
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3 bd, 2 ba | 2,225 sqft | Built in 1994

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List Price
$314,000

Initial Investment

$85,565

Purchase Price

$314,000

Down Payment

25%

Rent

$1,520

Total Return

$42,352

Annualized Return

7.6%

Cap Rate

3.8%

Gross Yield

5.8%

Cash Flow

-$5,677

Appreciation

4.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

91,040

HOA

None

Flood Risk

Not Required

Outstanding Home on 2 Acres in Raymond! This 3-bedroom, 2-bathroom home boasts over 2200 square feet and offers everything you are looking for. Interior features include wood floors and tall ceilings in the living area, a large kitchen with granite tile countertops, and a spacious formal dining room. Be sure to check out the large pantry off the washroom that will give you ample storage space. The owner's suite includes wood floors, a tray ceiling, and a large window overlooking the backyard. Some of the best features outside of the home include the 30x40 foot shop with a roll-up door, the 11x31 foot boat shed, the 10x20 foot greenhouse space, and multiple storage buildings! There is also a stocked pond on the property ready for your enjoyment. With so many great features, this home is conveniently located minutes away from schools, restaurants, shopping, and easy interstate access.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
Agent License #2020040993

Annual Financial Highlights

Expected Rent

$17,328

Expenses

-$3,084

Property Taxes

-$2,850

Loan Payments

-$17,071

Net Cash Flow

-$5,677

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:Josh Williamson
Agent License S53875
Hopper Properties
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4075602
Last Updated: 12/17/2024 15:12
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