1004 Voorhees AveJacksonMS39209
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
Investment property for sale in Jackson at 1004 Voorhees Ave, Jackson, MS, 39209 offers a 9.51% rental yield on a $101,500 purchase with $804/mo rent. Total monthly income registers $804/mo, and a $497/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,192/yr on $33,647 to close, and return on cash invested stands at 26.42% in year one. Equity gained on principal adds $655/yr while 5% annual appreciation supports $28,043 over five years. Portfolio math shows five-year ROI at 137.72% and total cumulative return in cash at $46,339. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $804/mo property income against a $497/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39209, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,773 (100%) |
| Owner Occupied HU | 5,482 (42.9%) |
| Renter Occupied HU | 4,961 (38.8%) |
| Vacant Housing Units | 2,330 (18.2%) |
| Median Home Value | $77,945 |
| Average Home Value | $166,263 |
Housing Distribution
Address Breakdown
Residential
10,878
Single Family
8,347
Multi-Family
2,531
Businesses
948
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Listed by: Del Shanks • Crosspointe Real Estate Group
Mls Name: MLS United
Mls ID: #4088522
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.