332 County Road 606

Oakland, MS 38948
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3 bd, 2 ba | 1,890 sqft | Built in 1992

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List Price
$195,000

Initial Investment

$53,138

Purchase Price

$195,000

Down Payment

25%

Rent

$1,540

Total Return

$89,172

Annualized Return

22.9%

Cap Rate

6.8%

Gross Yield

9.5%

Cash Flow

$1,946

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

59,677

HOA

None

Flood Risk

Not Required

CONTRACT FAILED - BACK ON THE MARKET! This low-maintenance home is located on 1.37+/- acres within minutes of Enid Dam & some of the best crappie fishing anywhere! Also included is a Camp House/Guest that could be possible rental income! Guest fishermen can be at a boat ramp in minutes! Attached to the guest house is an RV/Boat Storage Shed & a 2 car carport. There is a 12x20 workshop w/ electricity, fenced yard, beautiful shade trees, green house & oversized front & back porches! All appliances remain, including washer & dryer. Spacious rooms, wood burning stove & has great potential! If you are ready for Lake Life, make your appointment today for your private showing!

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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

$17,556

Expenses

-$3,209

Property Taxes

-$1,800

Loan Payments

-$10,601

Net Cash Flow

$1,946

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:Cyndi Havens Johnson
Agent License S-44151
Bill Sexton Realty
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4090819
Last Updated: 11/21/2024 18:11
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