221 Magnolia Dr

Raleigh, MS 39153
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7 bd, 3 ba | 3,787 sqft | Built in 1900

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List Price
$169,900

Initial Investment

$46,298

Purchase Price

$169,900

Down Payment

25%

Rent

$2,440

Total Return

$120,657

Annualized Return

36.7%

Cap Rate

11.9%

Gross Yield

17.2%

Cash Flow

$9,788

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

25,265

HOA

None

Flood Risk

Not Required

This Property Is An Unique Opportunity To Own A TURN OF THE CENTURY HOME!! So Many Possibilities With This 7 Bedroom /3 Bath Estate!! Located In The Heart Of The Quaint Town Of Raleigh, This Home Has A Great Location For An Investment Property Including A Bed And Breakfast Or Just A Beautiful Place To Call Home!! Situated On A .58 Acre Lot, There is Additional Acreage That Can Be Purchased If Desired!!

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
MS Agent License #23667

Annual Financial Highlights

Expected Rent

$27,816

Expenses

-$7,242

Property Taxes

-$1,550

Loan Payments

-$9,237

Net Cash Flow

$9,788

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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Similar Listings



Listing Courtesy of:Debbie Jones
Agent License S40037
BHHS Ann Prewitt Realty
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4079942
Last Updated: 12/06/2024 23:12
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