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Updated almost 8 years ago,

User Stats

51
Posts
7
Votes
Sean Kelly
Pro Member
  • Property Manager
  • Nashville, TN
7
Votes |
51
Posts

Jackson, TN buy/hold questions

Sean Kelly
Pro Member
  • Property Manager
  • Nashville, TN
Posted

Hey guys -- looking at a few rentals in Jackson, TN. I live in Nashville and this would be my first out of town investment.

An investor is wanting to offload on Gordon, Alexander, and East Chester: a duplix and 2 SFU's -- total rent ~$2150. They are definitely in C areas & tenants (one of them is section 8) but are rented, recently rehabbed, occupied, the cash flow is great, and they have property management in place. I would likely conservatively cash flow ~$600/mo after tax, capex, debt service, etc. 10% cap rate

Will likely be eyeballing them this weekend

Questions: 

1. Anyone have any absentee-owned rental experience in Jackson?

2. Anyone familiar w/ these areas? Should I stay away? 

3. Any recommended property managers? Current management is not licensed and just acts as administration for ~100 properties in the area and seem pretty hands on after chatting for ~30min

4. How is the rental market there overall? I literally found this deal this morning so am doing my research inbetween my 9-5 work calls...

5. If I go out there this weekend, what other areas should I consider.

Appreciate you all!

Sean

  • Sean Kelly
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