1147 Woodville DrMeridianMS39301
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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 Meridian at 1147 Woodville Dr, Meridian, MS, 39301 generates $1,446/mo in rent and, after a $972/mo payment, leaves $231/mo in cash flow. Total monthly income is $1,446/mo, and annual cash flow is $2,770/yr on $65,803 invested. Return on cash invested sits at 24.12% in year one, and rental yield is 8.74% on a $198,500 entry. Equity gained on principal adds $1,281/yr, while 5% annual appreciation builds toward $54,842 over five years. Five-year ROI reaches 125.33% and total cumulative return in cash sums $82,469. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,446/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39301, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,092 (100%) |
| Owner Occupied HU | 5,987 (54.0%) |
| Renter Occupied HU | 3,494 (31.5%) |
| Vacant Housing Units | 1,611 (14.5%) |
| Median Home Value | $133,088 |
| Average Home Value | $178,415 |
Housing Distribution
Address Breakdown
Residential
10,675
Single Family
9,305
Multi-Family
1,370
Businesses
1,485
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Listed by: Beau Coleman • Dwell Realty Group, LLC
Mls Name: East Mississippi REALTORS
Mls Provider:
Mls ID: #25-735
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.