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.