UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,004 sqft
Price per Sqft $14
Subdivision Choctaw Village
MLS Listing ID 4144414
Style Traditional
Bedrooms 2
Full Baths 1
Year Built 1950
Annual Tax Amount $435
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Single Family Residence
Source MLS United
Property Description
💰 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%+
Location
State MS
County Hinds
Interior
Heating None
Cooling None
Flooring Linoleum
Fireplace No
Window Features Aluminum Frames
Appliance Electric Range
Exterior
Exterior Feature Private Yard
Parking Features None
Community Features None
Utilities Available Electricity Available
Waterfront Description None
Roof Type Asphalt Shingle
Porch None
Garage No
Private Pool No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
Structure Type Private Yard
New Construction No
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
Others
Tax ID 0613-0172-000
Virtual Tour https://www.propertypanorama.com/3940-Beaufort-Street-Jackson-MS-39212/unbranded
Nearby School & Business
Get More Information