1121 3rd Ave NColumbusMS39701
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 1121 3rd Ave N, Columbus, MS, 39701 in Columbus at $515,000, 2.5% gross yield, is a market-growth asset. Rental yield 2.5%. The $1,074/mo rent partially funds the $2,316/mo debt service; the core return is the 5%/yr price growth projected to add $142,285 over five years. Ziffy Mortgage's DSCR mortgage (0.46) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $61,461.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.5% | 7.2% |
| Monthly Cash Flow | $(2,078) | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,074 |
| Total Monthly Debt Service | $2,947 |
| DSCR Ratio | 0.36x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in N/A
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39701, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,296 (100%) |
| Owner Occupied HU | 2,797 (44.4%) |
| Renter Occupied HU | 2,454 (39.0%) |
| Vacant Housing Units | 1,045 (16.6%) |
| Median Home Value | $162,752 |
| Average Home Value | $251,956 |
Housing Distribution
Address Breakdown
Residential
5,834
Single Family
5,729
Multi-Family
105
Businesses
648
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
Multi Family
Built in N/A
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39701, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,296 (100%) |
| Owner Occupied HU | 2,797 (44.4%) |
| Renter Occupied HU | 2,454 (39.0%) |
| Vacant Housing Units | 1,045 (16.6%) |
| Median Home Value | $162,752 |
| Average Home Value | $251,956 |
Housing Distribution
Address Breakdown
Residential
5,834
Single Family
5,729
Multi-Family
105
Businesses
648
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: SHERI LIPSEY • LEGACY REAL ESTATE GROUP
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-1305
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.