108 Glendale StBoonevilleMS38829
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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 Booneville at 108 Glendale St, Booneville, MS, 38829 priced at $129,900 converts $1,038/mo rent into $243/mo cash flow after a $636/mo obligation. Total monthly income equals $1,038/mo, and annual cash flow totals $2,914/yr on $43,062 invested. Return on cash invested prints 26.68% in year one, and rental yield reads 9.59% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 139.04% and total cumulative return in cash sums $59,875. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,038/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38829, Booneville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,842 (100%) |
| Owner Occupied HU | 5,243 (66.9%) |
| Renter Occupied HU | 1,709 (21.8%) |
| Vacant Housing Units | 890 (11.3%) |
| Median Home Value | $129,194 |
| Average Home Value | $174,369 |
Housing Distribution
Address Breakdown
Residential
7,353
Single Family
7,261
Multi-Family
92
Businesses
682
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Listed by: Rob Harshbarger • Crye-Leike Realtors
Mls Name: NMMLS
Mls ID: #25-3211