362 E Ridgeway St

Jackson, MS 39206
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3 bd, 2 ba | 1,412 sqft | Built in 1946

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List Price
$130,000

Initial Investment

$35,425

Purchase Price

$130,000

Down Payment

25%

Rent

$1,190

Total Return

$42,271

Annualized Return

18.7%

Cap Rate

7.7%

Gross Yield

11.0%

Cash Flow

$2,309

Appreciation

4.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,276

HOA

None

Flood Risk

Not Required

This beautifully renovated home is ready for its next homeowner! Spanning 1,412 sqft, this charming residence features three spacious bedrooms and two bathrooms, making it perfect for those seeking extra space. The property also includes a convenient carport, adding to its appeal. With its fresh updates and inviting atmosphere, this home is a wonderful opportunity for anyone looking to settle into a move-in-ready space. Don't miss out on making it your own!

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
MS Agent License #23667

Annual Financial Highlights

Expected Rent

$13,566

Expenses

-$2,820

Property Taxes

-$1,370

Loan Payments

-$7,067

Net Cash Flow

$2,309

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:Manisha Patel
Agent License S57110
Exit New Door Realty
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4091598
Last Updated: 12/24/2024 16:12
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