PASCAGOULA BUY & HOLD | 13+ YEAR RENTAL HISTORY

4807 Bel Meade Circle, Pascagoula, MS 39581

$115,000

Estimated ARV: Approximately $168,000
Projected Rent: $1,500–$1,700/month
Strategy: Buy & Hold | BRRRR | Value-Add Rental

This is the kind of property we like for investors who are looking beyond cosmetic condition and focusing on basis, rental demand and long-term upside.

The property has approximately 13 years of rental history and was previously occupied by long-term tenants, giving investors a proven rental.

VALUE-ADD OPPORTUNITY

The home needs updating and deferred maintenance, including:

Roof replacement
Flooring
Interior paint
Cosmetic updating
Exterior cleaning
Minor repairs/TLC

The HVAC is older but currently working. A newer refrigerator has been installed, and the major components of the home below approximately four feet were replaced following Hurricane Katrina.

The property is located in a flood zone and experienced approximately 3.5 feet of water during Katrina.

WHY INVESTORS SHOULD LOOK AT THIS ONE

At a $115K cash price, projected rents of approximately $1,500–$1,700/month create a compelling starting point for a Pascagoula rental strategy.

There is also approximately $53,000 between the asking price and estimated $168K ARV before renovation and transaction costs, giving an investor room to evaluate a renovation, refinance or long-term equity strategy.

Pascagoula’s employment base, including major industrial, shipbuilding, healthcare and supporting employers throughout the area, continues to make affordable housing an important part of the local rental market.