117 Trace Cove DrMadisonMS39110
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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 Madison at 117 Trace Cove Dr, Madison, MS, 39110 earns $777/mo cash flow from $2,735/mo rent with a $1,566/mo payment. Total monthly income totals $2,735/mo, and annual cash flow totals $9,324/yr on $106,080 capital. ROI tracks 28.7% on current figures, and rental yield reads 10.26% at a $320,000 purchase. Equity gained on principal adds $2,065/yr, and 5% annual appreciation supports $88,410 over five years. Five-year ROI reaches 149.87% and total cumulative return in cash sums $158,979. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,735/mo property income instead of your personal income.
Single Family
Built in 1987
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39110, Madison, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,915 (100%) |
| Owner Occupied HU | 18,105 (90.9%) |
| Renter Occupied HU | 1,037 ( 5.2%) |
| Vacant Housing Units | 773 ( 3.9%) |
| Median Home Value | $380,092 |
| Average Home Value | $440,025 |
Housing Distribution
Address Breakdown
Residential
19,442
Single Family
19,299
Multi-Family
143
Businesses
1,117
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Listed by: Ann Prewitt • BHHS Ann Prewitt Realty
Mls Name: MLS United
Mls ID: #4122262