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$220,000

Sale Pending
168 W Main St, Florence, MS 39073
3 Beds
2 Baths
0 Square Feet
1.29 Acres Lot
Built in 1970
Sale Pending
Units n/a
Checked: 11 hours ago
Updated: Oct 04, 2025 at 10:04AM

Investment Summary


Monthly Cash Flow
$242
Cap Rate
7.0%
Cash-on-Cash Return
5.7%
Debt Coverage Ratio
1.23
Internal Rate of Return (5 years)
9.6%

Property Description


1.29 Acres Lot
Built in 1970
Sale Pending
Units n/a

Welcome to Your Slice of Heaven in the Heart of Florence! Nestled on just over an acre, this charming 3-bedroom, 2-bathroom home offers the perfect blend of vintage character and everyday comfort—all in a prime location close to shopping, dining, parks, and schools. Step through the front door into a welcoming foyer that opens to a spacious, light-filled living area, ideal for relaxing or entertaining guests. The home's character shines through with rich wood walls and ceilings, complete with architectural beams that bring warmth and charm to the kitchen. Down the hall, you'll find two generously sized secondary bedrooms and a full hall bathroom featuring built-in storage for added convenience. At the end of the hall, the private primary suite includes its own ensuite with a stand-up shower. Love to entertain or need room for hobbies? You'll appreciate the huge bonus room—perfect for a pool table, home theater, or craft studio. The laundry room is tucked away with built-ins to keep life organized and the laundry hidden. Step outside to a spacious back deck overlooking the large fenced-in backyard—an ideal spot for relaxing or hosting gatherings. Plus, the property extends beyond the fence line, giving you even more room to enjoy and make your own. Don't miss your chance to own this unique home with timeless charm and modern-day potential. Call your favorite REALTOR® today and schedule a private showing!

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Location


Property Details


Parking

  • Details: Driveway, Concrete
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 0
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: E04I00004900000
  • Lot Size: 56192 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1970

Tax Information

  • Annual Tax: $1,166

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air, Electric

Location

  • County: Rankin

Listing Details


Listed by:
Julie White
McKee Realty, Inc.
(601) 992-8141

Source:
MLS United
MLS#: 4118690
MLS United

Investment Summary


Monthly Cash Flow
$242
Cap Rate
7.0%
Cash-on-Cash Return
5.7%
Debt Coverage Ratio
1.23
Internal Rate of Return (5 years)
9.6%

Purchase Details

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Purchase price:
$220,000
Amount financed:
-$176,000
Down payment:
$44,000
Closing costs:
$6,600
Rehab costs:
$0
Initial cash invested:
$50,600
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$176,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,041
Property tax:
$97
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,278

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$97-$1,166
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$597-$7,166

Cash Flow


Monthly Yearly
Net operating income:
$1,283 $15,396
Mortgage payments:
-$1,041 -$12,492
Cash flow:
$242 $2,904