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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in New Albany at 1016 Ida Grace Trl, New Albany, MS, 38652 priced at $314,999 converts $1,199/mo rent into after a $1,542/mo obligation. Total monthly income equals $1,199/mo. Return on cash invested prints 11.53% in year one, and rental yield reads 4.57% against a $314,999 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,028 by year five. Five-year ROI reaches 57.87% and total cumulative return in cash sums $60,425. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,199/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 2021
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,643 (100%) |
| Owner Occupied HU | 5,086 (66.5%) |
| Renter Occupied HU | 1,831 (24.0%) |
| Vacant Housing Units | 726 ( 9.5%) |
| Median Home Value | $176,246 |
| Average Home Value | $225,845 |
Residential
7,117
Single Family
6,950
Multi-Family
167
Businesses
843
Date | Event | Price |
|---|---|---|
| 2024-10-22 | Listed for sale | $314,999 |
| 2024-08-22 | Listing removed | $319,999 |
| 2024-07-01 | Price change | $319,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-28 | $1526.44 | N/A | $17,403 | N/A |
Listed by: Frankie McMillin • J Morris Realty, LLC
Mls Name: NCMBR
Mls Provider:
Mls ID: #159656
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
