SFR RENTAL PACKAGE

1217 John Street, Greenville, MS

17.50% return

SP: $1,295,000

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Property Description

INSANE OPPORTUNTIY!!! Don't miss this unbeatable investment—a package of 23 properties ready to skyrocket your real estate portfolio and fast-track your wealth! Own a diverse mix of 2 to 4-bedroom homes that attract a wide range of tenants. With competitive rents and many tenants on Section 8, there's massive potential to boost your income. Enjoy immediate cash flow with 75% occupancy from day one! Many properties are under-rented, offering you the chance to maximize profits. Seize this high-yield opportunity in a booming market. Whether you're seasoned or just starting out, this package offers stability and exciting growth potential. HOUSES WILL GENERATE A 17.5%+ NET RETURN ON INVESTMENT!!! Property management and financing is available.

Property Information

Listing statusActive
Property typeSingle Family (23 properties)
Total units23
Total bedrooms74
Total bathrooms34.5
Building size28,979 sq. ft.
Lot size5.0 acres
Year built1940 - 1991

CountyWashington County
Subdivision
ConstructionBrick, Frame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingGas Furnace, Central
CoolingWindow A/C, Central

Property Financial Summary

Sale price$1,295,000
Estimated rehab¹$30,000
Total investment$1,325,000

TypeProforma
After repair value$1,499,900
Potential profit$174,900

Gross income (annually)$294,540
Operating expenses (annually)$62,722
Net income (annually)$231,818
Gross return22.23%

Gross income (monthly)$24,545
Operating expenses (monthly)$5,227
Net income (monthly)$19,318
Net return17.50%

Property Income & ExpensesMonthlyAnnual

Income

105 Phillips Street
4 bed / 2 bath$1,374/month$16,488/year
107 Southview Court
3 bed / 1.5 bath$964/month$11,568/year
113 Phillips Street
4 bed / 3 bath$1,602/month$19,224/year
115 Lindsey Street
3 bed / 1.5 bath$1,125/month$13,500/year
116 Junction Street
4 bed / 2 bath$1,350/month$16,200/year
1193 Burns Street
3 bed / 1 bath$900/month$10,800/year
1217 John Street
3 bed / 1.5 bath$950/month$11,400/year
1274 John Street
3 bed / 1 bath$1,150/month$13,800/year
1425 East John Cove
3 bed / 2 bath$950/month$11,400/year
1473 East John Cove
3 bed / 2 bath$1,200/month$14,400/year
1602 Causey Drive
4 bed / 2 bath$1,350/month$16,200/year
1615 South Lynne Circle
3 bed / 1.5 bath$1,119/month$13,428/year
270 Belhaven Street
3 bed / 1.5 bath$985/month$11,820/year
273 Belhaven Street
4 bed / 1 bath$888/month$10,656/year
323 South California Street
4 bed / 2 bath$1,250/month$15,000/year
434 Byrd Street
3 bed / 2 bath$1,062/month$12,744/year
512 West Union Street
3 bed / 1 bath$685/month$8,220/year
607 East Walthall Street
4 bed / 1 bath$1,000/month$12,000/year
623 West Union Street
3 bed / 1 bath$1,000/month$12,000/year
704 Sewanee Street
2 bed / 1 bath$1,167/month$14,004/year
717 Shields Street
3 bed / 1 bath$1,029/month$12,348/year
745 Pollock Street
3 bed / 1 bath$695/month$8,340/year
804 Arnold Avenue
2 bed / 1 bath$750/month$9,000/year
Total$24,545/month$294,540/year

Expenses

Property Taxes$2,117/month$25,409/year
Insurance$850/month$10,202/year
Maintenance reserve$1,442/month$17,300/year
Insurance (estimated)$818/month$9,811/year
Total$5,227/month$62,722/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.