115 Park StHoustonMS38851
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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 Houston at 115 Park St, Houston, MS, 38851 offers $1,897/mo rent that, after a $2,007/mo payment. Total monthly income is $1,897/mo. Return on cash invested measures 14.5% in year one, and rental yield stands at 5.55% at a $410,000 entry. Equity gained on principal adds $2,646/yr while 5% annual appreciation compounds into $113,275 by year five. Five-year ROI records 73.76% and total cumulative return in cash reaches $100,247. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,897/mo property income versus a $2,007/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38851, Houston, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,872 (100%) |
| Owner Occupied HU | 2,601 (67.2%) |
| Renter Occupied HU | 839 (21.7%) |
| Vacant Housing Units | 432 (11.2%) |
| Median Home Value | $115,228 |
| Average Home Value | $160,800 |
Housing Distribution
Address Breakdown
Residential
3,611
Single Family
3,537
Multi-Family
74
Businesses
466
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Listed by: Tyler Bouldin • Coldwell Banker Signature
Mls Name: NMMLS
Mls ID: #25-3420