5856 Medallion Dr

Jackson, MS 39211
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4 bd, 2 ba | 2,087 sqft | Built in 1962

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List Price
$200,000

Initial Investment

$54,500

Purchase Price

$200,000

Down Payment

25%

Rent

$1,660

Total Return

$52,973

Annualized Return

15.1%

Cap Rate

6.5%

Gross Yield

10.0%

Cash Flow

$1,281

Appreciation

4.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

13,939

HOA

None

Flood Risk

Not Required

2700 Sqft Home On Corner Lot! Great Investor Opportunity! Property Already Leased to Tenant of 13 Years! Brand New Roof & Bay Windows! 2 Yr Old Oven! Granite Counters Throughout! Conveniently Located! Seller's Family Has Owned Home Since 1968! Property Being Sold As-Is. 3D Virtual Tour Available - Be sure to click the virtual tour link.
This 4 bedroom, 2 bathroom home is located in the convenient Ridgewood Park. This well-maintained home offers roughly 2600 sqft of heated and cooled space, a covered front porch, a private patio and garage office that is heated and cooled. The backyard is mostly fenced and has a small shed. Entering the home from the covered front porch leads into the original, and now, formal living room. To the left is the dining room. Straight ahead, and accessed from the hall, is the kitchen and great room, both of which are additions to the home. The kitchen boasts plenty of cabinet storage and counter space, a built-in oven, island w/cooktop, built-in bill pay desk, breakfast area w/bay windows and private patio access. The kitchen and hallway also provide direct access to the family room w/vaulted ceiling, floor to ceiling brick wall w/fireplace and wall to wall raised hearth. This area is also open to the large dining room w/built-in shelving and storage, which provides access to the private hall to the bedrooms and original kitchen which is already converted and can function as a 5th bedroom, craft room, office, etc. Off the hall leading to the bedrooms, the primary suite is at the far end on the left. The remaining 3 bedrooms are all on the right and share a guest accessible bathroom on the right side of the hall. There are 2 hall closets. The primary suite offers the largest bedroom and a walk-in shower. The remaining space is off the hallway between the living areas, leading to the 120 sqft of unheated or cooled laundry room. Entering the garage from the same hall, there is ample storage, a functional garage door and 150 sqft of heated and cooled office space. Call today for your private tour.

See more in Analysis
Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
Agent License #2020040993

Annual Financial Highlights

Expected Rent

$18,924

Expenses

-$3,550

Property Taxes

-$3,220

Loan Payments

-$10,873

Net Cash Flow

$1,281

See 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

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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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Listing Courtesy of:Wes Tankersley
Agent License S51570
eXp Realty
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc. (Christopher Stjernholm - MS)
SourceMLS United
MLS #4092314
Last Updated: 05/05/2025 21:05
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