602 Arbour Ct

Ridgeland, MS 39157
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3 bd, 3 ba | 2,718 sqft | Built in 1997

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List Price
$284,000

Initial Investment

$77,390

Purchase Price

$284,000

Down Payment

25%

Rent

$2,330

Total Return

$79,121

Annualized Return

16.1%

Cap Rate

6.9%

Gross Yield

9.8%

Cash Flow

$3,118

Appreciation

4.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

16,988

HOA

$38/mo

Flood Risk

Not Required

Welcome to this 2,718 sq. ft. home located in a quiet neighborhood in Ridgeland. Lovingly maintained by its original owner, this property boasts a spacious layout with 3 bedrooms, 2 full bathrooms, and 1 half bath, with easy potential for conversion into a 4-bedroom home. The kitchen stands out with its brick paver floors, new dishwasher, microwave, and stainless double oven. The convenience continues with the washer and dryer included. The rest of the home features beautiful wood flooring, offering a carpet-free environment that's both stylish and easy to maintain. Step outside to enjoy your large yard, complete with a deck and concrete patio, perfect for entertaining or relaxing amidst mature landscaping. The welcoming front entrance and separate dining room create the perfect space for family meals or gatherings, while the primary bedroom offers generous space for comfort and relaxation. Schedule your showing today!

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

Annual Financial Highlights

Expected Rent

$26,562

Expenses

-$5,405

Property Taxes

-$2,600

Loan Payments

-$15,440

Net Cash Flow

$3,118

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:Tye Densford
Agent License B24264
Trifecta Real Estate, LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4086302
Last Updated: 12/06/2024 23:12
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