116 Melco DrColumbusMS39702
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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 Columbus at 116 Melco Dr, Columbus, MS, 39702 uses $59,173 cash to close to unlock $6,976/yr annual cash flow and $581/mo monthly cash flow. Total monthly income runs $1,674/mo, and a $874/mo payment keeps the spread at $581/mo. Purchase price stands at $178,500, and rental yield measures 11.25% with $1,674/mo rent. Return on cash invested shows 31.7% in year one, and 5% annual appreciation builds toward $49,316 over five years. Five-year ROI reaches 166.03% and total cumulative return in cash records $98,246. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,674/mo property income covering a $874/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39702, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,496 (100%) |
| Owner Occupied HU | 6,299 (66.3%) |
| Renter Occupied HU | 2,493 (26.3%) |
| Vacant Housing Units | 704 ( 7.4%) |
| Median Home Value | $153,354 |
| Average Home Value | $192,579 |
Housing Distribution
Address Breakdown
Residential
9,258
Single Family
8,523
Multi-Family
735
Businesses
512
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Listed by: Patton Whitten • CENTURY21 Doris Hardy & Associates, LLC
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-173
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.