102 W Myrtle StMagnoliaMS39652
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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 Magnolia at 102 W Myrtle St, Magnolia, MS, 39652 earns $629/mo cash flow from $2,269/mo rent with a $1,312/mo payment. Total monthly income totals $2,269/mo, and annual cash flow totals $7,544/yr on $88,842 capital. ROI tracks 28.4% on current figures, and rental yield reads 10.16% at a $268,000 purchase. Equity gained on principal adds $1,729/yr, and 5% annual appreciation supports $74,043 over five years. Five-year ROI reaches 148.31% and total cumulative return in cash sums $131,757. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,269/mo property income instead of your personal income.
Single Family
Built in 1902
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39652, Magnolia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,050 (100%) |
| Owner Occupied HU | 2,697 (66.6%) |
| Renter Occupied HU | 617 (15.2%) |
| Vacant Housing Units | 736 (18.2%) |
| Median Home Value | $105,368 |
| Average Home Value | $149,638 |
Housing Distribution
Address Breakdown
Residential
3,355
Single Family
3,319
Multi-Family
36
Businesses
211
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Listed by: Carol C Easley • Hometown Realty, Inc
Mls Name: MLS United
Mls ID: #144585