109 Porter Ridge DrCantonMS39046
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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
Investment property for sale in Canton at 109 Porter Ridge Dr, Canton, MS, 39046 uses $105,351 cash to close to unlock $14,456/yr annual cash flow and $1,205/mo monthly cash flow. Total monthly income runs $3,149/mo, and a $1,555/mo payment keeps the spread at $1,205/mo. Purchase price stands at $317,800, and rental yield measures 11.89% with $3,149/mo rent. Return on cash invested shows 33.63% in year one, and 5% annual appreciation builds toward $87,802 over five years. Five-year ROI reaches 176.33% and total cumulative return in cash records $185,768. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,149/mo property income covering a $1,555/mo payment rather than investor’s personal income.
Single Family
Built in 2024
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39046, Canton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,163 (100%) |
| Owner Occupied HU | 8,497 (64.6%) |
| Renter Occupied HU | 3,320 (25.2%) |
| Vacant Housing Units | 1,346 (10.2%) |
| Median Home Value | $261,839 |
| Average Home Value | $292,983 |
Housing Distribution
Address Breakdown
Residential
12,583
Single Family
10,324
Multi-Family
2,259
Businesses
927
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Listed by: Robin Torrence • Haley Properties LLC
Mls Name: MLS United
Mls ID: #4093885
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.