Jackson Mississippi Investment Property

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Jackson Investment Property
Rental Income Protection for Investment Property


 Autumn St, Jackson, 39212  [BJL]
1 Photo
Home for sale: Autumn St, Jackson, MS
   
Purchase Price: $84,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $950
Bedrooms: 3 Property Tax: $117
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,271  Property Mgmt: $95
Price/Sq foot:  $66 Cash Flow: (Raw) $678
Year Built: 1962 Cap Rate: 9.7%
Parking: 2 Rent/Value Ratio: 1.1%
Neighborhood: B– DealGrader™: 7.7
This home has 3 bedrooms and 2 full baths with living/dining combo and den off the kitchen.
 W Woodcrest, Jackson, 39212  [BJL]
1 Photo
Home for sale: W Woodcrest, Jackson, MS
   
Purchase Price: $84,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $950
Bedrooms: 3 Property Tax: $157
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,395  Property Mgmt: $95
Price/Sq foot:  $60 Cash Flow: (Raw) $638
Year Built: 1974 Cap Rate: 9.1%
Parking: 1 Rent/Value Ratio: 1.1%
Neighborhood: B– DealGrader™: 7.7
This property has 3 bedrooms and 2 bathrooms and was built in 1974.
 Azalea, Jackson, 39206  [BJL]
1 Photo
Home for sale: Azalea, Jackson, MS
   
Purchase Price: $88,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $975
Bedrooms: 3 Property Tax: $119
Bathrooms: 1.5 Insurance/HOA: $60
Size: (sq ft) 1,368  Property Mgmt: $98
Price/Sq foot:  $64 Cash Flow: (Raw) $699
Year Built: 1957 Cap Rate: 9.5%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.7
This property has 3 bedrooms and 1.5 bathrooms and was built in 1957.
 Valencia, Jackson, 39204  [SEI]
1 Photo
Home for sale: Valencia, Jackson, MS
   
Purchase Price: $75,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $847
Bedrooms: 3 Property Tax: $84
Bathrooms: 2 Insurance/HOA: $62
Size: (sq ft) 1,246  Property Mgmt: $76
Price/Sq foot:  $60 Cash Flow: (Raw) $625
Year Built: 1950 Cap Rate: 10.0%
Parking: 1 Rent/Value Ratio: 1.1%
Neighborhood: B– DealGrader™: 7.8
This property has 3 bedrooms and 2 bathrooms and was built in 1950.
 Wildwood Terrace, Jackson, 39212  [SEI]
1 Photo
Home for sale: Wildwood Terrace, Jackson, MS
   
Purchase Price: $66,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $759
Bedrooms: 3 Property Tax: $82
Bathrooms: 1 Insurance/HOA: $58
Size: (sq ft) 1,115  Property Mgmt: $76
Price/Sq foot:  $59 Cash Flow: (Raw) $543
Year Built: 1954 Cap Rate: 9.9%
Parking: 1 Rent/Value Ratio: 1.2%
Neighborhood: B– DealGrader™: 7.8
This property has 3 bedrooms and 1 bathroom and was built in 1954.
 Ridgeland, Jackson, 39212  [SEI]
1 Photo
Home for sale: Ridgeland, Jackson, MS
   
Purchase Price: $70,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $850
Bedrooms: 3 Property Tax: $103
Bathrooms: 2 Insurance/HOA: $62
Size: (sq ft) 1,066  Property Mgmt: $77
Price/Sq foot:  $66 Cash Flow: (Raw) $609
Year Built: 1960 Cap Rate: 10.4%
Parking: 1 Rent/Value Ratio: 1.2%
Neighborhood: B– DealGrader™: 7.9
This property has 3 bedrooms and 2 bathrooms and was built in 1960.
 Metairie Rd, Jackson, 39209  [BJL]
1 Photo
Home for sale: Metairie Rd, Jackson, MS
   
Purchase Price: $84,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $900
Bedrooms: 3 Property Tax: $100
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,710  Property Mgmt: $90
Price/Sq foot:  $49 Cash Flow: (Raw) $650
Year Built: 1968 Cap Rate: 9.3%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B– DealGrader™: 7.6
This property was built year 1968 and has 3 bedrooms and 2 bathrooms.
 Meadow Forest Dr, Jackson, 39212  [BJL]
1 Photo
Home for sale: Meadow Forest Dr, Jackson, MS
   
Purchase Price: $82,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $900
Bedrooms: 3 Property Tax: $142
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,898  Property Mgmt: $90
Price/Sq foot:  $43 Cash Flow: (Raw) $608
Year Built: 1961 Cap Rate: 8.9%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: A– DealGrader™: 7.6
This property was built year 1961, it has 3 bedrooms and 2 bathrooms.
 Kilkullen Pl., Jackson, 39209  [BJL]
1 Photo
Home for sale: Kilkullen Pl., Jackson, MS
   
Purchase Price: $95,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,050
Bedrooms: 3 Property Tax: $117
Bathrooms: 2 Insurance/HOA: $60
Size: (sq ft) 1,383  Property Mgmt: $105
Price/Sq foot:  $69 Cash Flow: (Raw) $768
Year Built: 1964 Cap Rate: 9.7%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B+ DealGrader™: 7.7
This property was built year 1964, it has 3 bedrooms and 2 bathrooms.

More Properties Coming Soon!

Why Buy Jackson?

  • Best Bang-For-The-Buck City: Bureau of Economic Analysis/Tax Foundation 2016 says $100.00 goes farther in Mississippi than in any other state.
  • Mississippians are about 15% richer relatively to the rest of the country than their nominal income suggests.
  • olid housing markets, stable employment, enviable cost of living, and quick commutess.

Strong Metro Area EconomyStrong Metro Area Economy

  1. Jackson is the Capital of the State of Mississippi.
  2. Brookings Institution in Washington, D.C., has ranked Jackson, Mississippi as one of the nation’s strongest-performing metro areas in the country, not once but twice.
  • MetroMonitor compared Jackson’s employment rate to the national average: Jackson’s employment rate increased while the national average decreased. We are ranked No. 8 for inclusion, meaning when Jackson does well all of its citizens do well.
  • Median household income is $47,441.00, Commute time 23 minutes.
  • Rental Vacancy 8.6%, highly educated population area.
  • Housing prices remain robust in Jackson, compared to prices elsewhere. In this category of the Brookings, Jackson ranked No. 2 in the country.

Recession-Proof

Jackson has been called “recession-proof,” due to the following:

  • Large presence of hospitals and colleges insulating the economy.
  • Diverse employer base preventing economic downfall.
  • Highly educated workforce relative to the state.
  • Jackson is not dependent on large factories.

Top Employers

  • State Federal/local Government No. of job 55,000.
  • University of Mississippi Medical Center, major research and teaching facility along with local medical centers provide over 22,500 jobs.
  • UMC performed the first human lung transplant and heart transplant and major breakthrough in Aids.
  • New Continental Tire plant bringing 2500 in the next 18 month.
  • Nissan plant brings 6,500 jobs.

Crossroads of the South

  • Three hours from Memphis, TN, New Orleans, LA and the Mississippi Gulf Coast. Major hub of the south, 600 miles from 30% of American population.
  • Goods in Mississippi are 15.5% cheaper due to ease of shipping.
  • Only six hours from Dallas, TX and Atlanta, GA.

Biggest Revitalization

  • Downtown Jackson is in the midst of the biggest revitalization in its history.
  • $3.2 billion is currently invested in the city’s development.
  • New Convention Center, completely remodeled downtown areas for new restaurants, shops, housing, etc.
  • Historic King Edward Hotel recently opened its doors for the first time in nearly 40 years. It offers high rise apartments, hotel rooms and a wide variety of amenities such as: sushi bar, convenience mart, fitness center, etc.

Entertainment

  • Jackson offers a wide variety of entertainment, such as:
  • Museums, Parks and Recreation, Mynelle Gardens, Planetarium, Jackson Zoo which includes the new Mississippi Civil Rights Museum
  • Jackson is the only official U.S. Host City for the International Ballet Competition, which is touted as the “Olympic of Dance.”
  • Sporting Events:
    • Mississippi Braves Baseball Team
    • PGA Tour’s Sanderson Farms Championship
    • Annual Dixie National Rodeo, which is the largest rodeo east of the Mississippi River.

Jackson is an enormous city located in the state of Mississippi. With a population of 2,720,546 people and 795 constituent neighborhoods, Jackson is the largest community in Mississippi. Much of the housing stock in Jackson was buMSt prior to World War II, making it one of the older and more historic cities in the country.

Jackson real estate is some of the most expensive in Mississippi, although Jackson house values don't compare to the most expensive real estate in the U.S.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Jackson is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Jackson is a city of sales and office workers, professionals and service providers. There are especially a lot of people living in Jackson who work in office and administrative support (12.82%), sales jobs (10.26%) and management occupations (9.06%).

Also of interest is that Jackson has more people living here who work in computers and math than 95% of the places in the US.

Jackson Information and Demographics

The population of Jackson is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 34.90% of adults in Jackson have a bachelor's degree or even advanced degree.

The per capita income in Jackson in 2010 was $28,623, which is upper middle income relative to Mississippi and the nation. This equates to an annual income of $114,492 for a famMSy of four. However, Jackson contains both very wealthy and poor people as well.

Jackson is an extremely ethnically-diverse city. The people who call Jackson home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Jackson residents report their race to be White, followed by Black or African-American. Jackson also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 28.95% of the city’s residents. Important ancestries of people in Jackson include Irish, German, Polish, Italian and English.

Foreign born people are also an important part of Jackson's cultural character, accounting for 20.92% of the city’s population.

The most common language spoken in Jackson is English. Other important languages spoken here include Spanish and Polish.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated MSe deemed reliable but not guaranteed.

Median Price Trends — Jackson, MS
Market Inventory Trends — Jackson, MS
Average Days on Market — Jackson, MS
Market Action Index — Jackson, MS

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Unemployment Rate Trends — Jackson, MS
Unemployment Rate Trends - Jackson, Mississippi
            Jackson, Mississippi, National.   (Recessions shown as gray bars.)
Total Employment Trends — Jackson, MS
Total Employment - Jackson, Mississippi
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Jackson, MS
Real Median Household Income Trends - Jackson, Mississippi
            Jackson, Texas, National.
Home Rent-to-Mortgage Payment Ratio — Jackson, MS
Home Rent-to-Mortgage Payment Ratio - Jackson, Mississippi

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents MSe cheaper, and values greater than 1.0 mean mortgage payments MSe cheaper.  (Note: taxes MSe not considered here.)

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance (est.) $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance (est.)
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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