101545 Home Sfr Jackson MsPearl, MS 39208

Property Details for 101545 Home Sfr Jackson Ms

Year built

2007

Property size (Sq ft)

7,230 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of five single-family rental homes located in Jackson, Mississippi. The portfolio comprises five 3-bedroom homes, totaling 7,230 square feet across a 47,045 square foot lot. Built between 2006 and 2007, these properties are situated in a desirable area of Jackson and are currently 100% occupied with vetted tenants. Each home boasts an average size of 1,446 square feet, and the current average monthly rent is $1,445. However, significant upside potential exists, as current market rents are 30% higher, at $1,577 per month. The portfolio's current Net Operating Income (NOI) is $66,367, projected to increase to $67,598 in year one, resulting in a pro-forma cap rate of 6.44%. The asking price for the entire portfolio is $1,050,000, representing $210,000 per unit. This represents a compelling investment with a strong current cash flow and significant potential for future growth through rental increases. The portfolio's clustered location enhances property management efficiency. This fee-simple ownership opportunity offers a stabilized, cash-flow investment in a growing market. The properties are well-maintained and offer a strong return on investment. The average home price of $210,000 represents 25% of the housing market in the area, and homes have appreciated 31.57% over the last 10 years.

Location Insight

City

Pearl

County

Hinds

State

Mississippi

Latitude

32.254

Longitude

-90.084

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