118 Jorn CirCantonMS39046
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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 Canton at 118 Jorn Cir, Canton, MS, 39046 priced at $295,000 pairs $2,109/mo rent with $304/mo cash flow after a $1,444/mo payment. Total monthly income equals $2,109/mo, and annual cash flow comes to $3,643/yr on $97,793 invested. Return on cash invested is 23.63% in year one, and rental yield stands at 8.58% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. Five-year ROI measures 122.74% and total cumulative return in cash reaches $120,026. For financing, Ziffy Mortgage’s DSCR program evaluates $2,109/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39046, Canton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,163 (100%) |
| Owner Occupied HU | 8,497 (64.6%) |
| Renter Occupied HU | 3,320 (25.2%) |
| Vacant Housing Units | 1,346 (10.2%) |
| Median Home Value | $261,839 |
| Average Home Value | $292,983 |
Housing Distribution
Address Breakdown
Residential
12,583
Single Family
10,324
Multi-Family
2,259
Businesses
927
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Listed by: Charlie S Lucroy • Lucroy Residential LLC
Mls Name: MLS United
Mls ID: #4122947