107 Water StMadisonMS39110
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 Madison at 107 Water St, Madison, MS, 39110 priced at $599,000 converts $4,834/mo rent into $1,054/mo cash flow after a $2,932/mo obligation. Total monthly income equals $4,834/mo, and annual cash flow totals $12,644/yr on $197,071 invested. Return on cash invested prints 26.48% in year one, and rental yield reads 9.68% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 138.19% and total cumulative return in cash sums $272,326. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,834/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,534 sqft lot
$N/A/sqft
$1,375 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39110, Madison, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,915 (100%) |
| Owner Occupied HU | 18,105 (90.9%) |
| Renter Occupied HU | 1,037 ( 5.2%) |
| Vacant Housing Units | 773 ( 3.9%) |
| Median Home Value | $380,092 |
| Average Home Value | $440,025 |
Housing Distribution
Address Breakdown
Residential
19,442
Single Family
19,299
Multi-Family
143
Businesses
1,117
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christi S Chandler • The Chandler Group LLC DBA The Chandler Group
Mls Name: MLS United
Mls ID: #4093272
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.