111 Lewis StWalnut GroveMS39189
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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 Walnut Grove at 111 Lewis St, Walnut Grove, MS, 39189 priced at $125,000 converts $1,126/mo rent into $361/mo cash flow after a $612/mo obligation. Total monthly income equals $1,126/mo, and annual cash flow totals $4,331/yr on $41,438 invested. Return on cash invested prints 30.36% in year one, and rental yield reads 10.81% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 158.77% and total cumulative return in cash sums $65,789. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,126/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39189, Walnut Grove, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,545 (100%) |
| Owner Occupied HU | 1,065 (68.9%) |
| Renter Occupied HU | 320 (20.7%) |
| Vacant Housing Units | 160 (10.4%) |
| Median Home Value | $125,647 |
| Average Home Value | $159,493 |
Housing Distribution
Address Breakdown
Residential
1,360
Single Family
1,314
Multi-Family
46
Businesses
50
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Listed by: Terry E Thomas • McKee Realty, Inc.
Mls Name: MLS United
Mls ID: #4078801
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.