107 Gaines StVardamanMS38878
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 Vardaman at 107 Gaines St, Vardaman, MS, 38878 offers $930/mo rent that, after a $587/mo payment, leaves $196/mo cash flow. Total monthly income is $930/mo, and annual cash flow is $2,352/yr on $39,780 cash. Return on cash invested measures 25.82% in year one, and rental yield stands at 9.3% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 134.44% and total cumulative return in cash reaches $53,479. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $930/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38878, Vardaman, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,332 (100%) |
| Owner Occupied HU | 855 (64.2%) |
| Renter Occupied HU | 207 (15.5%) |
| Vacant Housing Units | 270 (20.3%) |
| Median Home Value | $83,421 |
| Average Home Value | $113,561 |
Housing Distribution
Address Breakdown
Residential
1,147
Single Family
1,123
Multi-Family
24
Businesses
58
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Nearby investment properties with comparable prices
Listed by: Whitney George McNutt • TM REALTORS
Mls Name: NMMLS
Mls ID: #26-360