1048 Barnes RdCrystal SpringsMS39059
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 Crystal Springs at 1048 Barnes Rd, Crystal Springs, MS, 39059 priced at $155,000 pairs $1,241/mo rent with $292/mo cash flow after a $759/mo payment. Total monthly income equals $1,241/mo, and annual cash flow comes to $3,506/yr on $51,383 invested. Return on cash invested is 26.73% in year one, and rental yield stands at 9.61% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 139.41% and total cumulative return in cash reaches $71,632. For financing, Ziffy Mortgage’s DSCR program evaluates $1,241/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
1.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39059, Crystal Springs, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,240 (100%) |
| Owner Occupied HU | 3,645 (69.6%) |
| Renter Occupied HU | 1,023 (19.5%) |
| Vacant Housing Units | 572 (10.9%) |
| Median Home Value | $113,603 |
| Average Home Value | $172,632 |
Housing Distribution
Address Breakdown
Residential
4,762
Single Family
4,613
Multi-Family
149
Businesses
347
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Listed by: Shonda Watkins • Havard Real Estate Group, LLC
Mls Name: MLS United
Mls ID: #4101302
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.