105 N Main StMount OliveMS39119
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 Mount Olive at 105 N Main St, Mount Olive, MS, 39119 offers $1,110/mo rent that, after a $685/mo payment, leaves $254/mo cash flow. Total monthly income is $1,110/mo, and annual cash flow is $3,043/yr on $46,377 cash. Return on cash invested measures 26.47% in year one, and rental yield stands at 9.52% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 138% and total cumulative return in cash reaches $63,999. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,110/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39119, Mount Olive, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,385 (100%) |
| Owner Occupied HU | 1,656 (69.4%) |
| Renter Occupied HU | 359 (15.1%) |
| Vacant Housing Units | 370 (15.5%) |
| Median Home Value | $119,605 |
| Average Home Value | $170,157 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
2,142
Multi-Family
45
Businesses
81
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Nearby investment properties with comparable prices
Listed by: Jay Walker • Exit Realty Legacy Group
Mls Name: MLS United
Mls ID: #4085916
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.