109 Patrick 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 Patrick Dr, Booneville, MS, 38829 with 5% annual appreciation on a $195,000 basis while $1,514/mo rent supports operations. Total monthly income totals $1,514/mo and a $954/mo payment preserves $321/mo for cash returns. Annual cash flow comes to $3,853/yr on $64,643 deployed, and return on cash invested reaches 25.87% in year one. Equity gained on principal adds $1,258/yr, and five-year appreciation sums $53,875 alongside rental yield of 9.32%. Five-year ROI measures 134.79% and total cumulative return in cash totals $87,130.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,514/mo property income versus a $954/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.53 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: Michael McCreary • Jumper Realty & Associates
Mls Name: NMMLS
Mls ID: #25-3685