113 Gardenview 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 Gardenview Dr, Saltillo, MS, 38866 uses $56,322 cash to close to unlock $7,438/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $1,660/mo, and a $832/mo payment keeps the spread at $620/mo. Purchase price stands at $169,900, and rental yield measures 11.72% with $1,660/mo rent. Return on cash invested shows 33.12% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 173.56% and total cumulative return in cash records $97,754. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,660/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in N/A
4,791 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: Sandy Turner • Crye-Leike Realtors
Mls Name: NMMLS
Mls ID: #25-2422