56 Fern Valley Rd

Brandon, MS 39042
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3 bd, 2 ba | 2,089 sqft | Built in 1972

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List Price
$246,000

Initial Investment

$67,035

Purchase Price

$246,000

Down Payment

25%

Rent

$1,850

Total Return

$73,975

Annualized Return

16.7%

Cap Rate

6.5%

Gross Yield

9.0%

Cash Flow

$1,707

Appreciation

4.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

14,810

HOA

None

Flood Risk

Not Required

Welcome to Crossgates Subdivision and this adorable three bedroom/ 2 bathroom property that offers updated features and an amazing enclosed patio area that gives this home space to entertain or extra play room for a growing family who needs as much play space as possible. The updated kitchen has an open view to both the family room and kitchen area as it features beautiful quartz counter tops and brick tile flooring throughout the kitchen/dining/utility. There is so much functionality with the room that can serve as a formal dining or formal living area- or possible office space for those who work from home. The bathrooms are both updated with solid surface countertops. Total square footage is over 2000 sq ft but with only 1611 being calculated by appraisal due to ceiling height in portions of the sunroom (additional 468 sq ft). Plenty of backyard space that rounds out this special opportunity to call Crossgates home. Contact your agent today!

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

Annual Financial Highlights

Expected Rent

$21,090

Expenses

-$3,759

Property Taxes

-$2,250

Loan Payments

-$13,374

Net Cash Flow

$1,707

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.

Similar Listings



Listing Courtesy of:Casey Holcomb
Agent License S51833
KELLER WILLIAMS
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4098030
Last Updated: 12/03/2024 01:12
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