121 Highway 598SeminaryMS39479
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 Seminary at 121 Highway 598, Seminary, MS, 39479 offers a 8.48% rental yield on a $169,000 purchase with $1,194/mo rent. Total monthly income registers $1,194/mo, and a $827/mo payment leaves $160/mo available for distribution. Annual cash flow reaches $1,920/yr on $56,024 to close, and return on cash invested stands at 23.34% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 121.12% and total cumulative return in cash at $67,855. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,194/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39479, Seminary, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,526 (100%) |
| Owner Occupied HU | 1,979 (78.3%) |
| Renter Occupied HU | 266 (10.5%) |
| Vacant Housing Units | 281 (11.1%) |
| Median Home Value | $160,683 |
| Average Home Value | $196,685 |
Housing Distribution
Address Breakdown
Residential
2,273
Single Family
2,273
Multi-Family
0
Businesses
104
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Listed by: Stacy Gamble Kitchens • RE/MAX Town & Country
Mls Name: HSMLS
Mls Provider:
Mls ID: #141854
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.