113 Chestnut DrClintonMS39056
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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 Clinton at 113 Chestnut Dr, Clinton, MS, 39056 priced at $594,999 converts $3,538/mo rent into after a $2,912/mo obligation. Total monthly income equals $3,538/mo. Return on cash invested prints 19.42% in year one, and rental yield reads 7.14% against a $594,999 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,387 by year five. Five-year ROI reaches 100.11% and total cumulative return in cash sums $195,962. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,538/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Single Family
Built in 2011
3.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39056, Clinton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,355 (100%) |
| Owner Occupied HU | 7,727 (68.0%) |
| Renter Occupied HU | 2,851 (25.1%) |
| Vacant Housing Units | 777 ( 6.8%) |
| Median Home Value | $239,627 |
| Average Home Value | $269,548 |
Housing Distribution
Address Breakdown
Residential
11,395
Single Family
9,741
Multi-Family
1,654
Businesses
665
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Nearby investment properties with comparable prices
Listed by: Erica Clay • The Agency Haus LLC DBA Agency
Mls Name: MLS United
Mls ID: #4088118
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.