138 MECHANIC ALY

LUCEDALE, MS 39452
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3 bd, 1 ba | 1,100 sqft | Built in 2008

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List Price
$169,000

Initial Investment

$46,053

Purchase Price

$169,000

Down Payment

25%

Rent

$1,490

Total Return

$86,413

Annualized Return

25.8%

Cap Rate

7.9%

Gross Yield

10.6%

Cash Flow

$3,406

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

31,363

HOA

None

Flood Risk

Not Required

This adorable farmhouse style cottage has a cozy open floor plan. There is ample storage space in all the closets and laundry room. This home has been updated and cared for. It is move in ready. As an added bonus, there is a neighboring lake that can be viewed from the back porch. The front porch is spacious and is a wonderful place to sit and watch the sunset. The property has convenient access to Highway 63. Schedule your tour today

MARKETS

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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

$16,986

Expenses

-$3,292

Property Taxes

-$1,100

Loan Payments

-$9,188

Net Cash Flow

$3,406

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

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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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Similar Listings



Listing Courtesy of:Carol Howell
Agent License S56462
R Evans Realty, LLC
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4104444
Last Updated: 02/21/2025 13:02
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