109 Miller DrBoonevilleMS38829
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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
Investment property for sale in Booneville at 109 Miller Dr, Booneville, MS, 38829 offers a 16.81% rental yield on a $114,900 purchase with $1,610/mo rent. Total monthly income registers $1,610/mo, and a $562/mo payment leaves $907/mo available for distribution. Annual cash flow reaches $10,887/yr on $38,089 to close, and return on cash invested stands at 48.49% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,745 over five years. Portfolio math shows five-year ROI at 256.14% and total cumulative return in cash at $97,562. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,610/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.31 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: Dewayne Crumley • EXIT RIVER CITY REALTY
Mls Name: EXIT Realty broker feed
Mls ID: #519724