106 Providence Dr

Madison, MS 39110
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4 bd, 2 ba | 1,862 sqft | Built in 2005

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List Price
$259,900

Initial Investment

$71,579

Purchase Price

$253,500

Down Payment

25%

Rent

$1,850

Total Return

$49,581

Annualized Return

11.2%

Cap Rate

5.8%

Gross Yield

8.8%

Cash Flow

$174

Appreciation

3.7%
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Features

Occupancy

Vacant

Property Type

Unspecified

Lot Size

14,366

HOA

$0/mo

Flood Risk

Not Required

Corner lot home in the gated community of Providence awaits! Immaculate four bedroom, two bathroom home with soaring ceilings throughout the living & dining rooms. Owners have taken care of all the details with touch up painting, new carpet in all bedrooms, and new stove & microwave in kitchen. Master bedroom is large with office/sitting area. You will love the large master bathroom with dual vanities, jetted tub, and separate walk-in shower. Entertain away in the private backyard with built-in sitting area, mature landscaping, & grilling area. Community pool is available with joining HOA. Call your REALTOR® today!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Ryan Porter
NextHome Realty Experience
MS Agent License #B-22802

Annual Financial Highlights

Expected Rent

$21,090

Expenses

-$4,834

Property Taxes

-$2,300

Loan Payments

-$13,782

Net Cash Flow

$174

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:Jeffrey Dillon
Front Gate Realty LLC
Certified Agent Brokerage:Ryan Porter
NextHome Realty Experience
MS Brokerage License B-22802
SourceCentral Mississippi Realtors, Inc.
MLS #341391
Last Updated: 06/17/2021 09:06
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.