3722 Gammill Street, Jackson, MS

17.91% return

SP: $44,900

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Property Description

RENT READY HOUSE!!! 3bed/2bath. City water and sewer. Central heat and air. Good condition. Will easily rent for $900-1000 a month. Will not last, hurry up! 17%+ NET RETURN ON INVESTMENT!!! Management is available.

Property Information

Listing statusActive
Property typeSingle Family
Total units1
Total bedrooms3
Total bathrooms2
Building size1,531 sq. ft.
Lot size1.0 acres
Year built1969

CountyHinds County
Subdivision772
ConstructionBrick/Frame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingBaseboards
CoolingWindow A/C

Property Financial Summary

Sale price$44,900
Estimated rehab¹$0
Total investment$44,900

TypeProforma
After repair value
Potential profit

Gross income (annually)$10,800
Operating expenses (annually)$2,757
Net income (annually)$8,043
Gross return24.05%

Gross income (monthly)$900
Operating expenses (monthly)$230
Net income (monthly)$670
Net return17.91%

Property Income & ExpensesMonthlyAnnual

Income

3 bed / 2 bath$900/month$10,800/year
Total$900/month$10,800/year

Expenses

Property Taxes$74/month$884/year
Insurance (estimated)$114/month$1,373/year
Maintenance reserve$42/month$500/year
Total$230/month$2,757/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.