This is part of a portfolio which is mostly boarded up. It is not available for showing. 💰 Deal Snapshot Purchase price: $14,500 Estimated market rent: $900/mo Section 8 potential: up to ~$1,288/mo Area: South Jackson (39212) 📊 Rent Reality Check (VERY important) Typical rents in this zip code: ~$1,000-$1,400… Read More for 3-4 bed homes Section 8 fair market rents: ~$1,098-$1,342 for 2-bed ~$1,332-$1,628 for 3-bed 👉 So: Your $900 estimate is conservative (good) Your $1,288 Section 8 number is realistic, assuming it qualifies as a 2-3 bedroom and passes inspection 📈 Returns (the part that matters) 💵 Cash Flow (rough) At $900 rent: Annual rent: $10,800 Taxes/insurance/maintenance (est.): $3-4k Net: ~$6,500-$7,500/year 👉 Cash-on-cash return: ~45%-50% 🏆 Section 8 scenario (~$1,200 avg): Annual rent: ~$14,400 Expenses similar Net: ~$10k+/year 👉 Return: ~70%+ Read Less
Courtesy of Austin C Hall, Evernest LLC 901-489-6149.
Listing Snapshot
Days Online
6
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
1,004
Lot Size
0.35 Acres
Year Built
1950
MLS Number
4144414
Additional Details
Lot
Area: 0.35, 0.35 acres, 15,246 square feet
Appliances & Equipment
Appliances: "Electric Range"
Building
Architectural Style: "Traditional", Building Area Total: 1,004, Construction Materials: "Siding", "Other", Levels: "One", Year Built: 1950, Structure Type: "House"
Community
Features: "None"
Cooling
Cooling: "None"
Exterior Features
Features: "Private Yard", Patio And Porch Features: "None", Patio And Porch Features: "None"
Fence
Fencing: "Back Yard", "Chain Link"
Floors
Flooring: "Linoleum"
Foundation
Foundation Details: "Slab"
Water Features
Waterfront Features: "None"
Heating
Heating: "None"
Parking
Features: "None"
Property
Parcel Number: 0613-0172-000, Property Sub Type: Single Family Residence
Roof
Roof: "Asphalt Shingle"
Security Features
Features: "None"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $435
Utilities
Utilities: "Electricity Available", Water Source: "Public"
Windows
Features: "Aluminum Frames"
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Source: MLS United
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