504 Line St S

Philadelphia, MS 39350
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3 bd, 2 ba | 1,673 sqft | Built in 1978

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List Price
$164,000

Initial Investment

$44,690

Purchase Price

$164,000

Down Payment

25%

Rent

$1,580

Total Return

$87,164

Annualized Return

26.9%

Cap Rate

8.3%

Gross Yield

11.6%

Cash Flow

$3,929

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

21,344

HOA

None

Flood Risk

Not Required

This great 3BR 2BA home is located in a quiet neighborhood and is centrally located. It has recently undergone many great updates such as new paint, new flooring, new light fixtures, and so much more. The large kitchen offers an enormous amount of cabinet and counter space. The very spacious living area is complete with gas logs. Each of the three bedrooms are very ample sized and the master bedroom offers two closets. The master bath was recently renovated and the custom shower is laid in all new beautiful ceramic and high quality fixtures. The large guest bath offers a large vanity and includes lots of storage. Along with all the other great qualities this home offers, you will love the large laundry room as it includes ample space for extra storage or even a large freezer. The covered patio located at the rear of the home perfect for relaxing and family gatherings. A large fully enclosed detached garage is also included, as well as a detached carport in addition to the attached carport! This is a great home and will not last long. Call today to schedule an appointment to see it. Also, you may qualify for 100% financing.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
Agent License #2020040993

Annual Financial Highlights

Expected Rent

$18,012

Expenses

-$3,667

Property Taxes

-$1,500

Loan Payments

-$8,916

Net Cash Flow

$3,929

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:Britt Barnes
Agent License B18804
Britt Barnes Realty Group
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4091738
Last Updated: 12/17/2024 20:12
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