1033 Monroe St #A-BJacksonMS39202
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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 Jackson at 1033 Monroe St #A-B, Jackson, MS, 39202 priced at $480,000 pairs $1,152/mo rent with after a $2,349/mo payment. Total monthly income equals $1,152/mo. Return on cash invested is 6.45% in year one, and rental yield stands at 2.88% on a $480,000 basis. Equity gained on principal adds $3,097/yr, and 5% annual appreciation accumulates to $132,615 by year five. Five-year ROI measures 30.55% and total cumulative return in cash reaches $48,605. For financing, Ziffy Mortgage’s DSCR program evaluates $1,152/mo property income against a $2,349/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1947
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39202, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,532 (100%) |
| Owner Occupied HU | 1,315 (29.0%) |
| Renter Occupied HU | 2,519 (55.6%) |
| Vacant Housing Units | 698 (15.4%) |
| Median Home Value | $238,470 |
| Average Home Value | $293,496 |
Housing Distribution
Address Breakdown
Residential
3,997
Single Family
2,707
Multi-Family
1,290
Businesses
595
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Listed by: Mike Hoffman • Nix-Tann & Associates, Inc.
Mls Name: MLS United
Mls ID: #4078438
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.