115 6th St NColumbusMS39701
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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 Columbus at 115 6th St N, Columbus, MS, 39701 generates $1,146/mo in rent, after a $4,160/mo payment. Total monthly income is $1,146/mo. Return on cash invested sits at 2.66% in year one, and rental yield is 1.62% on a $849,900 entry. Equity gained on principal adds $5,484/yr, while 5% annual appreciation builds toward $234,812 over five years. Five-year ROI reaches 10.2% and total cumulative return in cash sums $28,526. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,146/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
7,150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39701, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,296 (100%) |
| Owner Occupied HU | 2,797 (44.4%) |
| Renter Occupied HU | 2,454 (39.0%) |
| Vacant Housing Units | 1,045 (16.6%) |
| Median Home Value | $162,752 |
| Average Home Value | $251,956 |
Housing Distribution
Address Breakdown
Residential
5,834
Single Family
5,729
Multi-Family
105
Businesses
648
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Listed by: PHILLIP LIVINGSTON • CRYE-LEIKE PROPERTIES UNLIMITED
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-1656