121 Garden Spot DrAmoryMS38821
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
Rental property for sale in Amory at 121 Garden Spot Dr, Amory, MS, 38821 priced at $150,000 pairs $1,146/mo rent with $213/mo cash flow after a $734/mo payment. Total monthly income equals $1,146/mo, and annual cash flow comes to $2,550/yr on $49,725 invested. Return on cash invested is 25.04% in year one, and rental yield stands at 9.17% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 130.45% and total cumulative return in cash reaches $64,866. For financing, Ziffy Mortgage’s DSCR program evaluates $1,146/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38821, Amory, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,742 (100%) |
| Owner Occupied HU | 3,727 (64.9%) |
| Renter Occupied HU | 977 (17.0%) |
| Vacant Housing Units | 1,038 (18.1%) |
| Median Home Value | $164,927 |
| Average Home Value | $206,246 |
Housing Distribution
Address Breakdown
Residential
5,335
Single Family
5,224
Multi-Family
111
Businesses
588
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Listed by: Donald Bryant • Crye-Leike Of MS-SH
Mls Name: MLS United
Mls ID: #4099668
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.