1124 S Colorado StGreenvilleMS38703
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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 Greenville at 1124 S Colorado St, Greenville, MS, 38703 uses $39,449 cash to close to unlock $2,319/yr annual cash flow and $193/mo monthly cash flow. Total monthly income runs $921/mo, and a $582/mo payment keeps the spread at $193/mo. Purchase price stands at $119,000, and rental yield measures 9.29% with $921/mo rent. Return on cash invested shows 25.79% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 134.38% and total cumulative return in cash records $53,009. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $921/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38703, Greenville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,084 (100%) |
| Owner Occupied HU | 3,040 (50.0%) |
| Renter Occupied HU | 2,197 (36.1%) |
| Vacant Housing Units | 847 (13.9%) |
| Median Home Value | $79,823 |
| Average Home Value | $108,830 |
Housing Distribution
Address Breakdown
Residential
5,239
Single Family
4,729
Multi-Family
510
Businesses
386
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Listed by: Kenneth Carpenter • BETSY ALEXANDER REALTY
Mls Name: Greenville Area BOR
Mls ID: #89721
Disclaimer: Copyright Greenville Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.