1002 Parkwood PlJacksonMS39206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Jackson at 1002 Parkwood Pl, Jackson, MS, 39206 offers $904/mo rent that, after a $563/mo payment, leaves $160/mo cash flow. Total monthly income is $904/mo, and annual cash flow is $1,921/yr on $38,123 cash. Return on cash invested measures 24.95% in year one, and rental yield stands at 9.43% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 130.34% and total cumulative return in cash reaches $49,689. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $904/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39206, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,980 (100%) |
| Owner Occupied HU | 4,894 (44.6%) |
| Renter Occupied HU | 4,491 (40.9%) |
| Vacant Housing Units | 1,595 (14.5%) |
| Median Home Value | $137,174 |
| Average Home Value | $186,725 |
Housing Distribution
Address Breakdown
Residential
10,678
Single Family
7,273
Multi-Family
3,405
Businesses
919
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Listed by: Harriott Expose • Ekey Realty, LLC
Mls Name: MLS United
Mls ID: #4090494
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.