118 Williams DrSaltilloMS38866
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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 Saltillo at 118 Williams Dr, Saltillo, MS, 38866 priced at $269,900 converts $2,468/mo rent into $766/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,468/mo, and annual cash flow totals $9,195/yr on $89,472 invested. Return on cash invested prints 30.19% in year one, and rental yield reads 10.97% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 158.13% and total cumulative return in cash sums $141,486. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,468/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38866, Saltillo, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,595 (100%) |
| Owner Occupied HU | 3,981 (71.2%) |
| Renter Occupied HU | 1,062 (19.0%) |
| Vacant Housing Units | 552 ( 9.9%) |
| Median Home Value | $235,167 |
| Average Home Value | $246,466 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,995
Multi-Family
0
Businesses
286
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Listed by: Marshall Jenkins • JHB Realty, LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-1879
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.