1120 3rd St SEMageeMS39111
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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 Magee at 1120 3rd St SE, Magee, MS, 39111 earns $309/mo cash flow from $1,324/mo rent with a $812/mo payment. Total monthly income totals $1,324/mo, and annual cash flow totals $3,705/yr on $54,996 capital. ROI tracks 26.65% on current figures, and rental yield reads 9.58% at a $165,900 purchase. Equity gained on principal adds $1,071/yr, and 5% annual appreciation supports $45,835 over five years. Five-year ROI reaches 138.87% and total cumulative return in cash sums $76,374. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,324/mo property income instead of your personal income.
Single Family
Built in 1997
0.39 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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Nearby investment properties with comparable prices
Listed by: Chris Curlee • Main Street Realty LLC
Mls Name: MLS United
Mls ID: #4091801
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.