106 Drive 1902SaltilloMS38866
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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 Saltillo at 106 Drive 1902, Saltillo, MS, 38866 generates $2,038/mo in rent and, after a $1,003/mo payment, leaves $784/mo in cash flow. Total monthly income is $2,038/mo, and annual cash flow is $9,407/yr on $67,956 invested. Return on cash invested sits at 33.75% in year one, and rental yield is 11.93% on a $204,995 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,636 over five years. Five-year ROI reaches 176.98% and total cumulative return in cash sums $120,268. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,038/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38866, Saltillo, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,595 (100%) |
| Owner Occupied HU | 3,981 (71.2%) |
| Renter Occupied HU | 1,062 (19.0%) |
| Vacant Housing Units | 552 ( 9.9%) |
| Median Home Value | $235,167 |
| Average Home Value | $246,466 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,995
Multi-Family
0
Businesses
286
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Listed by: Daniel Demers • Sell Your Home Services, LLC.
Mls Name: MLS United
Mls ID: #4128186