1104 2nd St SEMageeMS39111
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
Investment property for sale in Magee at 1104 2nd St SE, Magee, MS, 39111 offers a 9.56% rental yield on a $198,000 purchase with $1,578/mo rent. Total monthly income registers $1,578/mo, and a $969/mo payment leaves $366/mo available for distribution. Annual cash flow reaches $4,397/yr on $65,637 to close, and return on cash invested stands at 26.61% in year one. Equity gained on principal adds $1,278/yr while 5% annual appreciation supports $54,704 over five years. Portfolio math shows five-year ROI at 138.71% and total cumulative return in cash at $91,048. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,578/mo property income against a $969/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39111, Magee, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 2,485 (60.9%) |
| Renter Occupied HU | 996 (24.4%) |
| Vacant Housing Units | 600 (14.7%) |
| Median Home Value | $155,105 |
| Average Home Value | $163,878 |
Housing Distribution
Address Breakdown
Residential
3,972
Single Family
3,650
Multi-Family
322
Businesses
586
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Listed by: Audarshia L Flagg • Keller Williams
Mls Name: MLS United
Mls ID: #4115409
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.