Updated Duplex with Rental
111 Fairfax Circle Unit A Brandon, MS 39047
For Sale
$155,000
Pending
Recently updated duplex currently operating as a short-term rental, with options for long-term rental or owner-occupant use.
Property Size1,079 SF
Days on Market187
Property Features for 111 Fairfax Circle Unit A
General Information
- Standard status
- Pending
- Size
- 1,079 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1983
Listing Agency:
(601) 438-4663
Listed By:
Southern Homes Real Estate
(601) 750-7151
Source:
Xome
Added: Jan 17
Changed: Jul 23
Last Checked: Jul 23 at 12:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southern Homes Real Estate
Investment Insights
Based on property information with market context.
This recently updated duplex is currently operating as a short-term rental, and it offers multiple pathways for future use. The property is set up to support continued short-term rental operations, or it can transition to long-term rental income. Another option is owner-occupant use, depending on how the units are managed after purchase.
Located just a short drive from the Reservoir, the property provides convenient access to shopping, dining, and surrounding areas.
As a duplex, the asset delivers a flexible two-unit residential income format that can be adapted to the strategy you choose.
Located just a short drive from the Reservoir, the property provides convenient access to shopping, dining, and surrounding areas.
As a duplex, the asset delivers a flexible two-unit residential income format that can be adapted to the strategy you choose.
Key Highlights
- Recently updated duplex currently operating as a short‑term rental
- Multiple future‑use options: continued short‑term rental, long‑term rental, or owner‑occupant use
- Central air cooling and heating (3) provided
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.7k | $10.80 |
| − Vacancy | −$874 | −$0.81 |
| EGI | $10.8k | $9.99 |
| − OpEx | −$3.2k | −$3.00 |
| NOI | $7.5k | $6.99 |
1,079 SF · lease $10.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$107.8K
$94.3K – $125.8K
NOI $7,545 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$95.6K
$83.6K – $111.5K
NOI $6,690 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$296.0K
$259.0K – $345.3K
NOI $20,717 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Recently updated duplex currently operating as a short-term rental, with options for long-term rental or owner-occupant use.
Where is this duplex located?
The property is located at 111 Fairfax Circle Unit A Brandon, MS.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Recently updated duplex currently operating as a short‑term rental; Multiple future‑use options: continued short‑term rental, long‑term rental, or owner‑occupant use; Central air cooling and heating (3) provided
