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5389 Cedar Park Drive, Jackson, MS 39206
$120,500
Property Type:
Residential
Bedrooms:
3
Square Footage:
1,637
Lot Size (sq. ft.):
13,068
Status:
Active
Current Price:
$120,500
List Date:
10/10/2025
Last Modified:
3/28/2026
Description
Turnkey Investment Opportunity - Tenant-Occupied | Strong Yield | Price Positioned for Returns
5389 Cedar Park Drive is a well-maintained 3-bedroom, 2-bath home offering approximately 1,637 square feet and currently generating $1,275/month in rental income ($15,300 annually).
At the current asking price of $120,500, this represents an estimated ~12.7% gross yield, making it an attractive opportunity for investors seeking stable cash flow and long-term value.
The property is tenant-occupied, providing immediate income from day one with no upfront repositioning required.
Inside, the home features a spacious living area with abundant natural light, a functional kitchen with ample cabinetry and counter space, and a comfortable layout designed for long-term livability. The primary suite includes a private bathroom, while the additional bedrooms are well-sized and share a conveniently located hall bath.
The property also offers a manageable yard and is located in an established residential area with convenient access to schools, shopping, dining, and major transportation routes--supporting consistent tenant demand and retention.
Ideal for investors seeking:
• Strong yield and predictable cash flow
• Stabilized, tenant-occupied asset
• Minimal management disruption at acquisition
Tenant-occupied. Showings available during inspection period after accepted offer.
Positioned as a performing rental asset, pricing reflects both current income and overall investment value. Seller will consider offers consistent with market-based investment value.
Seller owns multiple rental properties in the Jackson area and may consider selling additional properties individually or as part of a portfolio.
More Information MLS# 4128392
Address and Location Information
Parcel Number: 0500-1318-000
Community Of: N/A
Street Number: 5389
Street Name: Cedar Park
Street Suffix: Drive
County: Hinds
State: MS
Zip Code: 39206
Subdivision: Cedar Park
Listing Information
Listing Service: Full Service
Status: Active
List Date: 2025-10-10
List Price: $120,500
Current Price: $120,500
General Property Information
New Construction: No
Approx Lot Size Acres: 0.3
SqFt Source: Appraiser
List Price/SqFt: 73.61
Year Built Source: Public Records
Garage Spaces: 0
Carport Spaces: 2
Total Floors: 1
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Fireplace: Yes
Fireplaces Total: 1
Pool: No
School District: Jackson Public
Elementary School: Boyd
Elementary School 2: N/A
Intermediate School: N/A
Middle or Junior School: Bailey APAC
High School: Murrah
Home Warranty: No
Accessibility Features: No
Property Sub Type: Single Family Residence
Approx H/C SqFt: 1637
Year Built: 1966
Bedrooms Total: 3
Bathrooms Full: 2
Tax and Financial Information
Tax Annual Amount: 2100
Tax Year: 2024
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
Covenants Y/N: No
Legal Description: LOT 60 CEDAR PARK SUB PT 2
Remarks & Miscellaneous
Public Remarks: Turnkey Investment Opportunity - Tenant-Occupied | Strong Yield | Price Positioned for Returns
5389 Cedar Park Drive is a well-maintained 3-bedroom, 2-bath home offering approximately 1,637 square feet and currently generating $1,275/month in rental income ($15,300 annually).
At the current asking price of $120,500, this represents an estimated ~12.7% gross yield, making it an attractive opportunity for investors seeking stable cash flow and long-term value.
The property is tenant-occupied, providing immediate income from day one with no upfront repositioning required.
Inside, the home features a spacious living area with abundant natural light, a functional kitchen with ample cabinetry and counter space, and a comfortable layout designed for long-term livability. The primary suite includes a private bathroom, while the additional bedrooms are well-sized and share a conveniently located hall bath.
The property also offers a manageable yard and is located in an established residential area with convenient access to schools, shopping, dining, and major transportation routes--supporting consistent tenant demand and retention.
Ideal for investors seeking:
• Strong yield and predictable cash flow
• Stabilized, tenant-occupied asset
• Minimal management disruption at acquisition
Tenant-occupied. Showings available during inspection period after accepted offer.
Positioned as a performing rental asset, pricing reflects both current income and overall investment value. Seller will consider offers consistent with market-based investment value.
Seller owns multiple rental properties in the Jackson area and may consider selling additional properties individually or as part of a portfolio.
Structure Type
House: 1
Architectural Style
Traditional: 1
Lot Features
Level: 1
Levels
One: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Listing Terms
Bank Loan: 1
Cash: 1
Conventional: 1
FHA: 1
Showing Requirements
Showing: Appointment Required
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Fireplace Features
Great Room: 1
Appliances
Water Heater: 1
Walls - Interior
Sheetrock: 1
Cooling
Central Air: 1
Heating
Central: 1
Foundation Details
Slab: 1
Exterior Construction/Siding
Brick: 1
Roof
Asphalt Shingle: 1
Exterior Features
None: 1
Parking Features
Carport: 1
Property Features
Structure Type: House
Architectural Style: Traditional
Lot Features: Level
Levels: One
Fireplace Features: Great Room
Appliances: Water Heater
Walls - Interior: Sheetrock
Cooling: Central Air
Heating: Central
Utilities: Electricity Connected; Sewer Connected; Water Connected
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Listing Terms: Bank Loan; Cash; Conventional; FHA
Roof: Asphalt Shingle
Exterior Features: None
Parking Features: Carport
Listing Office:
Southern Magnolia's Realty
Listing Agent:
Suzanne Foster
Last Updated: March - 28 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.
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