114 S 49th HwyIndianolaMS38751
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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 Indianola at 114 S 49th Hwy, Indianola, MS, 38751 uses $96,964 cash to close to unlock $2,828/yr annual cash flow and $236/mo monthly cash flow. Total monthly income runs $2,026/mo, and a $1,432/mo payment keeps the spread at $236/mo. Purchase price stands at $292,500, and rental yield measures 8.31% with $2,026/mo rent. Return on cash invested shows 22.83% in year one, and 5% annual appreciation builds toward $80,812 over five years. Five-year ROI reaches 118.4% and total cumulative return in cash records $114,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,026/mo property income covering a $1,432/mo payment rather than investor’s personal income.
Single Family
Built in 1965
4.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38751, Indianola, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,338 (100%) |
| Owner Occupied HU | 2,444 (56.3%) |
| Renter Occupied HU | 1,468 (33.8%) |
| Vacant Housing Units | 426 ( 9.8%) |
| Median Home Value | $121,172 |
| Average Home Value | $170,613 |
Housing Distribution
Address Breakdown
Residential
4,033
Single Family
3,827
Multi-Family
206
Businesses
596
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Listed by: Emerson Lovelace • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4078805
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.