1191 Highway 245 SOkolonaMS38860
Nearby investment properties with comparable rents
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 Okolona at 1191 Highway 245 S, Okolona, MS, 38860 earns $493/mo cash flow from $1,808/mo rent with a $1,052/mo payment. Total monthly income totals $1,808/mo, and annual cash flow totals $5,912/yr on $71,273 capital. ROI tracks 28.2% on current figures, and rental yield reads 10.09% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 147.26% and total cumulative return in cash sums $104,953. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,808/mo property income instead of your personal income.
Single Family
Built in 1958
4.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38860, Okolona, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,740 (100%) |
| Owner Occupied HU | 1,710 (62.4%) |
| Renter Occupied HU | 625 (22.8%) |
| Vacant Housing Units | 405 (14.8%) |
| Median Home Value | $110,762 |
| Average Home Value | $145,300 |
Housing Distribution
Address Breakdown
Residential
2,417
Single Family
2,310
Multi-Family
107
Businesses
161
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Listed by: MAGGIE GWATHNEY • MOSSY OAK PROPERTIES BOTTOMLAND REAL ESTATE
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-2148