Property Description

This is part of a portfolio which is mostly boarded up. It is not available for showing.💰 Deal SnapshotPurchase price: $14,500Estimated market rent: $900/moSection 8 potential: up to ~$1,288/moArea: South Jackson (39212)📊 Rent Reality Check (VERY important)Typical rents in this zip code:~$1,000-$1,400 for 3-4 bed homesSection 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: $10,800Taxes/insurance/maintenance (est.): $3-4kNet: ~$6,500-$7,500/year👉 Cash-on-cash return: ~45%-50%🏆 Section 8 scenario (~$1,200 avg):Annual rent: ~$14,400Expenses similarNet: ~$10k+/year👉 Return: ~70%+

Property Features

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