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%+
Property Features
Cooling Information
None
Heating Information
None
Water Features
Public
Utilities
Electricity Available
Parking
None
School Information
School Information for 3940 Beaufort Street, Jackson, MS 39212
Elementary School
Other
Middle School
Other
High School
Other
Listing Courtesy: Evernest LLC - 601-586-6418
Presented by: Austin C Hall
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Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from MLS United.