TITLE:
BEACH LIVING IN MISSISSIPPI
CONTROL:
Owner
VALUE:
$299,000
LOAN:
$173,000
EQUITY:
$126,000
TYPE:
Homes/Condos
HAVE:
3 level TH in Long Beach, MS steps from the Gulf of Mexico. 2br /2+1/2 bath. Garage, elevator.
ADDRESS:
30 Oak Alley Place, Long Beach, Mississippi
BENEFITS TO NEW OWNER:
Strong rental market and desirable neighborhood within walking distance to the Gulf of Mexico.
GROSS SCHEDULED INCOME:
$23,400 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$23,400
EXPENSES:
$8,040
NOI:
$15,360
DEBT SERVICE:
$9,294
CASH FLOW:
$6,066
CAP RATE:
5.14%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$173,000
$1,747
6%
12/31/2039
No
BENEFITS SOUGHT:
cash or really short path to cash
CAN ADD:
cryptocurrency
REMARKS:
New roof summer 2021. Current comps for active listings are $325k up to $365k.
COUNSELOR:
Steve Streetman
StreetSmart Investments, LLC
3540 Crain Hwy. PMB 370
Bowie, Maryland, 20716
