1036 Parkwood PlJacksonMS39206
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1036 Parkwood Pl, Jackson, MS, 39206 offers $1,242/mo rent that, after a $808/mo payment, leaves $199/mo cash flow. Total monthly income is $1,242/mo, and annual cash flow is $2,386/yr on $54,698 cash. Return on cash invested measures 24.27% in year one, and rental yield stands at 9.03% at a $165,000 entry. Equity gained on principal adds $1,065/yr while 5% annual appreciation compounds into $45,586 by year five. Five-year ROI records 126.39% and total cumulative return in cash reaches $69,131. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,242/mo property income versus a $808/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39206, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,980 (100%) |
| Owner Occupied HU | 4,894 (44.6%) |
| Renter Occupied HU | 4,491 (40.9%) |
| Vacant Housing Units | 1,595 (14.5%) |
| Median Home Value | $137,174 |
| Average Home Value | $186,725 |
Housing Distribution
Address Breakdown
Residential
10,678
Single Family
7,273
Multi-Family
3,405
Businesses
919
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Bragg • Marketplace Real Estate
Mls Name: MLS United
Mls ID: #4079161
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.