119 Joel DrColumbusMS39705
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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 119 Joel Dr, Columbus, MS, 39705 uses $85,527 cash to close to unlock $8,435/yr annual cash flow and $703/mo monthly cash flow. Total monthly income runs $2,282/mo, and a $1,263/mo payment keeps the spread at $703/mo. Purchase price stands at $258,000, and rental yield measures 10.61% with $2,282/mo rent. Return on cash invested shows 29.77% in year one, and 5% annual appreciation builds toward $71,281 over five years. Five-year ROI reaches 155.64% and total cumulative return in cash records $133,118. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,282/mo property income covering a $1,263/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39705, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,554 (100%) |
| Owner Occupied HU | 3,494 (53.3%) |
| Renter Occupied HU | 2,286 (34.9%) |
| Vacant Housing Units | 774 (11.8%) |
| Median Home Value | $239,766 |
| Average Home Value | $273,247 |
Housing Distribution
Address Breakdown
Residential
6,617
Single Family
5,542
Multi-Family
1,075
Businesses
832
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Listed by: DORIS HARDY • CENTURY21 Doris Hardy & Associates, LLC
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-1258