103 E Main StOkolonaMS38860
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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 Okolona at 103 E Main St, Okolona, MS, 38860 offers a 10.08% rental yield on a $100,000 purchase with $840/mo rent. Total monthly income registers $840/mo, and a $489/mo payment leaves $229/mo available for distribution. Annual cash flow reaches $2,742/yr on $33,150 to close, and return on cash invested stands at 28.18% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 147.16% and total cumulative return in cash at $48,784. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $840/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38860, Okolona, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,740 (100%) |
| Owner Occupied HU | 1,710 (62.4%) |
| Renter Occupied HU | 625 (22.8%) |
| Vacant Housing Units | 405 (14.8%) |
| Median Home Value | $110,762 |
| Average Home Value | $145,300 |
Housing Distribution
Address Breakdown
Residential
2,417
Single Family
2,310
Multi-Family
107
Businesses
161
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Listed by: Jennifer Brown • TM REALTORS
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-1144
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.