408 AUTUMN CREEK DR

RIDGELAND, MS 39157
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3 bd, 2 ba | 1,696 sqft | Built in 1995

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List Price
$275,000

Initial Investment

$74,938

Purchase Price

$275,000

Down Payment

25%

Rent

$1,900

Total Return

$56,283

Annualized Return

11.8%

Cap Rate

5.5%

Gross Yield

8.3%

Cash Flow

-$806

Appreciation

4.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

11,761

HOA

$30/mo

Flood Risk

Not Required

Welcome to your perfect opportunity for a precious 3 bed 2 bath well maintained and move-in ready home in the heart of Ridgeland! The Shadowood neighborhood offers a community pool, playground, green spaces, and security features. This home is walking distance from Ann Smith Elementary and access to the Natchez Trace Recreational Trail, and in short driving distance to all the shopping and entertainment Ridgeland, Madison and Jackson have to offer. This won't last long, call your favorite Realtor to get a look today!

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
Agent License #2020040993

Annual Financial Highlights

Expected Rent

$21,660

Expenses

-$4,215

Property Taxes

-$3,300

Loan Payments

-$14,950

Net Cash Flow

-$806

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:Mary Alex Thigpen
Agent License S58471
Neighbor House, LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4107195
Last Updated: 03/20/2025 15:03
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