113 E Point DrSaltilloMS38866
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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 Saltillo at 113 E Point Dr, Saltillo, MS, 38866 uses $90,831 cash to close to unlock $5,380/yr annual cash flow and $448/mo monthly cash flow. Total monthly income runs $2,125/mo, and a $1,341/mo payment keeps the spread at $448/mo. Purchase price stands at $274,000, and rental yield measures 9.31% with $2,125/mo rent. Return on cash invested shows 25.83% in year one, and 5% annual appreciation builds toward $75,701 over five years. Five-year ROI reaches 134.53% and total cumulative return in cash records $122,193. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,125/mo property income covering a $1,341/mo payment rather than investor’s personal income.
Single Family
Built in 2008
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38866, Saltillo, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,595 (100%) |
| Owner Occupied HU | 3,981 (71.2%) |
| Renter Occupied HU | 1,062 (19.0%) |
| Vacant Housing Units | 552 ( 9.9%) |
| Median Home Value | $235,167 |
| Average Home Value | $246,466 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,995
Multi-Family
0
Businesses
286
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Listed by: N/A • N/A
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