1220 2nd Ave NColumbusMS39701
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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
Rental property for sale in Columbus at 1220 2nd Ave N, Columbus, MS, 39701 generates $1,228/mo in rent and, after a $612/mo payment, leaves $463/mo in cash flow. Total monthly income is $1,228/mo, and annual cash flow is $5,555/yr on $41,438 invested. Return on cash invested sits at 33.31% in year one, and rental yield is 11.79% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 174.64% and total cumulative return in cash sums $72,365. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,228/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39701, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,296 (100%) |
| Owner Occupied HU | 2,797 (44.4%) |
| Renter Occupied HU | 2,454 (39.0%) |
| Vacant Housing Units | 1,045 (16.6%) |
| Median Home Value | $162,752 |
| Average Home Value | $251,956 |
Housing Distribution
Address Breakdown
Residential
5,834
Single Family
5,729
Multi-Family
105
Businesses
648
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Listed by: Ashley Michelle Mcgregory • B.O.S.S. REALTY
Mls Name: Greater Golden Triangle Realtors
Mls ID: #24-2386
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.