1019 Ida Grace TrlNew AlbanyMS38652
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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
Rental property for sale in New Albany at 1019 Ida Grace Trl, New Albany, MS, 38652 priced at $255,000 converts $1,828/mo rent into $223/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,828/mo, and annual cash flow totals $2,671/yr on $84,533 invested. Return on cash invested prints 23.07% in year one, and rental yield reads 8.6% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 119.95% and total cumulative return in cash sums $101,396. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,828/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in N/A
7,405 sqft lot
$N/A/sqft
$45 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,117
Single Family
6,950
Multi-Family
167
Businesses
843
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Listed by: Frankie McMillin • J. Morris Realty, LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-1990
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.