3940 Beaufort Street

This is part of a portfolio which is mostly boarded up. It is not available for showing. 💰 Deal Snapshot Purchase price: $14,500 Estimated market rent: $900/mo Section 8 potential: up to ~$1,288/mo Area: South Jackson (39212) 📊 Rent Reality Check (VERY important) Typical rents in this zip code: ~$1,000-$1,400 for 3-4 bed homes Section 8 fair market rents: ~$1,098-$1,342 for 2-bed ~$1,332-$1,628 for 3-bed 👉 So: Your $900 estimate is conservative (good) Your $1,288 Section 8 number is realistic, assuming it qualifies as a 2-3 bedroom and passes inspection 📈 Returns (the part that matters) 💵 Cash Flow (rough) At $900 rent: Annual rent: $10,800 Taxes/insurance/maintenance (est.): $3-4k Net: ~$6,500-$7,500/year 👉 Cash-on-cash return: ~45%-50% 🏆 Section 8 scenario (~$1,200 avg): Annual rent: ~$14,400 Expenses similar Net: ~$10k+/year 👉 Return: ~70%+