Description
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 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%+
Nearby Schools
OtherElementary School
OtherMiddle School
OtherHigh School
Location
Listed By
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Listing Office: Evernest LLC
Attribution contact: 901-489-6149
