6015 Oakland Heights St

Meridian, MS 39307
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3 bd, 1.5 ba | 1,613 sqft | Built in 1966

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List Price
$79,500

Initial Investment

$21,153

Purchase Price

$76,000

Down Payment

25%

Rent

$850

Total Return

$30,333

Annualized Return

21.5%

Cap Rate

8.2%

Gross Yield

13.4%

Cash Flow

$1,553

Appreciation

5.3%
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Features

Occupancy

Occupied

Lease Start

02/07/2020

Lease End

01/31/2021

Lot Size

8,320

HOA

None

Flood Risk

Not Required

  • Roofstock Turnkey property that is freshly rehabbed
  • New tenant with lease through 01/31/2021
  • Free 1 year home warranty through American Home Shield paid by Seller (valued at $700)
  • Go to join.roofstock.com/turnkey to learn more about the Roofstock Turnkey program
  • New carpet, counter tops, toilets, vanities and paint

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$3,006

Property Taxes

-$1,000

Loan Payments

-$4,132

Net Cash Flow

$1,553

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