101545 . 5 Home SFR Jackson, MS

Contact:

TOM JOHNSTON

Managing Director | Designated Broker

SVN | SFRhub Marketplace

T: 602.441.5354

C: 602.403.3695

tom.​johnston@svn.​com

License #: BR507919000

BOR:

SVN I Toomey Property Advisors

JUSTIN TOOMEY

250 Congress Street

Mobile, AL 36603

Visit www.​SFRhub.​com and search for portfolio 101545 for more information.​

SVN | SFRhub Marketplace is pleased to offer qualified investors the opportunity to purchase a portfolio of 5 scattered homes in Jackson, MS.​ This portfolio is a great opportunity for an investor to scale immediately in a growing tertiary market, which consists of (5) 3-bedroom single-family detached homes.​ The portfolio has an average vintage of 2007 and is 100% leased to fully vetted tenants.​ The homes were built in 2006/2007, are maintained in excellent condition, and can be found in the more affluent part of Jackson.​ Homes are clustered providing property management with greater efficiencies.​ The dwellings range in size from 1419 – 1500 square feet with an average of 1446 square feet.​ With an average monthly rental rate of $1,445, the investor can make an immediate impact by raising rents which are 30% below current market rents of $1,577.​ The asking price of each home is $210,000 which makes up 25% of the housing market and homes have appreciated 31.57% over the last 10 years according to Neighborhood Scout.​ With a population of 149,761 and 61,942 total housing units (homes and apartments), and a median house value of $99,107, house prices in Jackson are some of the most affordable in Mississippi as well as the nation.​ This portfolio is priced to sell with a Year 1 stabilized cap rate of 6.44% and a gross yield of 10.56%.​ This will be achieved through raising rental rates.​ 

5 Homes scattered through Jackson, MS

Asset types include single-family detached

All homes renovated during turns

Professional property management in place

The average size of a home is 1,446 square feet

Homes were constructed between 2006-2007

Average monthly rent of $1,445 is 30% below current market rents

The portfolio is 100% occupied with fully vetted tenants

Average home price is $210,000 located in the affluent part of Jackson   

Year 1 Stabilized net cap rate of 6.44%  

Year 1 Stabilized annual gross yield of 10.56%  

Year 1 Stabilized NOI of $67,598  

All SVN® Offices Are Independently Owned & Operated

Local Broker License Information: www.SFRhub.com/realestatelicensing