4856 15th Pl

Meridian, MS 39305
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4 bd, 2.5 ba | 2,647 sqft | Built in 1960

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List Price
$174,500

Initial Investment

$49,050

Purchase Price

$180,000

Down Payment

25%

Rent

$1,700

Total Return

$57,315

Annualized Return

17.2%

Cap Rate

6.3%

Gross Yield

11.3%

Cash Flow

$743

Appreciation

5.3%
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Features

Occupancy

Occupied

Lease Start

03/06/2021

Lease End

03/31/2022

Lot Size

9,144

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$19,380

Expenses

-$4,551

Property Taxes

-$4,300

Loan Payments

-$9,786

Net Cash Flow

$743

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