106 Elms Court CirJacksonMS39204
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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 Jackson at 106 Elms Court Cir, Jackson, MS, 39204 generates $1,000/mo in rent and, after a $622/mo payment, leaves $222/mo in cash flow. Total monthly income is $1,000/mo, and annual cash flow is $2,669/yr on $42,101 invested. Return on cash invested sits at 26.25% in year one, and rental yield is 9.45% on a $127,000 entry. Equity gained on principal adds $820/yr, while 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 136.84% and total cumulative return in cash sums $57,609. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,000/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39204, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,591 (100%) |
| Owner Occupied HU | 2,460 (32.4%) |
| Renter Occupied HU | 3,547 (46.7%) |
| Vacant Housing Units | 1,584 (20.9%) |
| Median Home Value | $76,400 |
| Average Home Value | $141,192 |
Housing Distribution
Address Breakdown
Residential
6,525
Single Family
4,328
Multi-Family
2,197
Businesses
724
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Listed by: Lenetta Lee • Community First Real Estate, L
Mls Name: MLS United
Mls ID: #4100094
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.