3943 Forest Lake Dr

Jackson, MS 39212
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3 bd, 2 ba | 1,530 sqft | Built in 1967

For Sale

Exclusive

List Price
$140,000

Initial Investment

$38,150

$

about the purchase process.
Features

Occupancy

Occupied

Lease Start

09/26/2017

Lease End

09/30/2021

Lot Size

22,868

HOA

None

Flood Risk

Not Required

  • There is a second dwelling (roughly 500 sqft) on the property that can be rented out separately from the primary property once the existing lease expires.
  • Lease was renewed for another year with same amount of rent
  • 2 Car Garage; Large lot; Quiet Neighborhood; Fireplace; 2 Living areas; Open concept
See more in Analysis

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Annual Financial Highlights

Expected Rent

$13,623

Expenses

-$3,589

Property Taxes

-$1,700

Loan Payments

-$6,015

Net Cash Flow

$2,319

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

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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