1023 Madison St
Jackson, MS 39202
List Price
$215,000
Initial Investment
$58,588Purchase Price
$215,000
Down Payment
25%
Rent
$1,640
Total Return
$55,428
Annualized Return
14.7%
Cap Rate
6.3%
Gross Yield
9.2%
Cash Flow
$1,091
Appreciation
4.2%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
6,534
HOA
None
Flood Risk
Not Required
DUPLEX WITH GREAT INCOME-PRODUCING POTENTIAL! Homeowner, investor, or both - this property is truly a ''one size fits all''. BONUS: Studio Apartment on top level!
The location speaks for itself as this home sits in the heart of Belhaven less than a minute from the highway and minutes from shopping, dining, hospitals, and several of the great colleges/universities located in the City of Jackson.
As a homeowner, this home can serve as the perfect primary residence with either a one-of-a-kind getaway or an income producing studio on the top level.
As an investor, you can offer a full-size rental home while also reaping the cashflow benefits of a completely separate studio apartment. If you are in search of the ideal income producing property to add to your portfolio, this is it!
The main home offers high ceilings with beautiful original hardwood floors, three bedrooms, and a formal dining room as well. The elegant potential of each room will draw you in as you see the character this beautiful home has to offer.
The studio apartment on the second level can be accessed from the stairs outside. It offers a large open space with it's own kitchen and full bathroom. The hardwood floors and window views are a bonus. Did I mention the tankless water heater? This property has so much to offer!
Schedule your appointment today to see this one for yourself!
See more in Analysis
Pablo Pereyra
901 Realtor
MS Agent License #23667
Annual Financial Highlights
Expected Rent
$18,696Expenses
-$3,357Property Taxes
-$2,560Loan Payments
-$11,689Net Cash Flow
$1,091See more in Financials
Property Characteristics
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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SourceMLS United
MLS #4109499
Last Updated: 07/19/2025 05:07
MLS #4109499
Last Updated: 07/19/2025 05:07