1015 3rd Ave SColumbusMS39701
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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 Columbus at 1015 3rd Ave S, Columbus, MS, 39701 uses $41,504 cash to close to unlock $7,493/yr annual cash flow and $624/mo monthly cash flow. Total monthly income runs $1,442/mo, and a $613/mo payment keeps the spread at $624/mo. Purchase price stands at $125,200, and rental yield measures 13.82% with $1,442/mo rent. Return on cash invested shows 37.96% in year one, and 5% annual appreciation builds toward $34,590 over five years. Five-year ROI reaches 200.18% and total cumulative return in cash records $83,084. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,442/mo property income covering a $613/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
9,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39701, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,296 (100%) |
| Owner Occupied HU | 2,797 (44.4%) |
| Renter Occupied HU | 2,454 (39.0%) |
| Vacant Housing Units | 1,045 (16.6%) |
| Median Home Value | $162,752 |
| Average Home Value | $251,956 |
Housing Distribution
Address Breakdown
Residential
5,834
Single Family
5,729
Multi-Family
105
Businesses
648
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Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A