119 Northlake DrMadisonMS39110
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Nearby investment properties with comparable prices
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 119 Northlake Dr, Madison, MS, 39110 offers a 4.17% rental yield on a $1,085,000 purchase with $3,770/mo rent. 96% in year one. Equity gained on principal adds $7,001/yr while 5% annual appreciation supports $299,766 over five years. Portfolio math shows five-year ROI at 49.51% and total cumulative return in cash at $174,050. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,770/mo property income against a $5,311/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
0.38 Acres lot
$N/A/sqft
$2,100 annually 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: Amanda Polles • Polles Properties, LLC
Mls Name: MLS United
Mls ID: #4098931
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.