101545 . 5 Home SFR Jackson, MS

Jackson is the most populous city in Mississippi. Along with Raymond, the area is one of the two county seats of Hinds County. The population in Jackson decreased 11.42% more than any other major city in the nation throughout the 2010’s decade. As of the last 2020 census, the city’s population is 153,701. In 2020, the Jackson metropolitan area held a GDP of 30 billion, accounting for 29% of the state’s total GDP of 104.1 billion. Jackson’s cultural scene is surprisingly large, hosting museums such as the Mississippi Children’s Museum, Mississippi Museum of Natural Science, Mississippi Civil Rights Museum, Mississippi Museum of Art, Old Capital Museum, and Museum of Mississippi History. Other popular locations include the Mississippi Coliseum and the Mississippi Veterans Memorial Stadium, home of the Jackson State Tigers Football Team. As stated by neighborhoodscout.com, Jackson has a relatively equal mix of both blue- and white-collar professions. The most popular sectors include administrative support, sales jobs, and management occupations. Also, Jackson is amongst the top 5% of cities in the US with a significant number of professionals working in computers and math. With 149,761 people, 62,861 houses or apartments, and a median cost of homes of $97,143, house prices in Jackson are solidly below the national average. Single-family detached homes are Jackson’s most common housing type, accounting for 66.94% of the city’s housing units. Other housing types prevalent in Jackson include large apartment complexes or high-rise apartments, duplexes, homes converted to apartments or other small apartment buildings, and a few row houses and other attached homes. Jackson’s most prevalent building sizes and types are three- and four-bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.93% owning and 53.07% renting. In conclusion, an opportunity to buy an investment portfolio in Jackson is rare, and many players are hunting for a chance to include this city in their checklists. It is a wise decision for investors to consider this portfolio and not miss out on what many may call a golden opportunity.Contact: TOM JOHNSTON Managing Director | Designated Broker SVN | SFRhub Marketplace T: 602.441.5354 C: 602.403.3695 [email protected] License #: BR507919000 BOR: SVN I Toomey Property Advisors Justin Toomey Managing Director 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 $220,000 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 6.15% and a gross yield of 10.08%. This will be achieved through raising rental rates.