1202 Fairview DrWaynesboroMS39367
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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 Waynesboro at 1202 Fairview Dr, Waynesboro, MS, 39367 uses $44,753 cash to close to unlock $2,419/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,028/mo, and a $661/mo payment keeps the spread at $202/mo. Purchase price stands at $135,000, and rental yield measures 9.14% with $1,028/mo rent. Return on cash invested shows 25.32% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 131.79% and total cumulative return in cash records $58,981. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,028/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39367, Waynesboro, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,572 (100%) |
| Owner Occupied HU | 4,620 (70.3%) |
| Renter Occupied HU | 1,186 (18.0%) |
| Vacant Housing Units | 766 (11.7%) |
| Median Home Value | $134,262 |
| Average Home Value | $167,075 |
Housing Distribution
Address Breakdown
Residential
6,209
Single Family
6,039
Multi-Family
170
Businesses
620
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Listed by: Shane Barnett • Barnett Realty
Mls Name: LBOR
Mls ID: #36868