106 6th Ave NEMageeMS39111
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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 Magee at 106 6th Ave NE, Magee, MS, 39111 priced at $120,000 converts $909/mo rent into $175/mo cash flow after a $587/mo obligation. Total monthly income equals $909/mo, and annual cash flow totals $2,100/yr on $39,780 invested. Return on cash invested prints 25.19% in year one, and rental yield reads 9.09% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 131.06% and total cumulative return in cash sums $52,135. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $909/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39111, Magee, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 2,485 (60.9%) |
| Renter Occupied HU | 996 (24.4%) |
| Vacant Housing Units | 600 (14.7%) |
| Median Home Value | $155,105 |
| Average Home Value | $163,878 |
Housing Distribution
Address Breakdown
Residential
3,972
Single Family
3,650
Multi-Family
322
Businesses
586
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Listed by: Audarshia L Flagg • Main Street Realty LLC
Mls Name: MLS United
Mls ID: #4088568
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.