124 Willow Way LOT 14CantonMS39046
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow124 Willow Way LOT 14, Canton, MS, 39046 in Canton earns its strong cash-flow label: 10.96% yield, $3,137/mo rent, $986/mo net income, DSCR 2.03. The $343,300 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $94,847 by year five. Combined with $3,162/yr in principal paydown, total projected return reaches $193,755.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 7.5% |
| Monthly Cash Flow | $986 | $450 |
City averages based on Canton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,137 |
| Total Monthly Debt Service | $2,014 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2023
0.30 Acres lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39046, Canton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,163 (100%) |
| Owner Occupied HU | 8,497 (64.6%) |
| Renter Occupied HU | 3,320 (25.2%) |
| Vacant Housing Units | 1,346 (10.2%) |
| Median Home Value | $261,839 |
| Average Home Value | $292,983 |
Housing Distribution
Address Breakdown
Residential
12,583
Single Family
10,324
Multi-Family
2,259
Businesses
927
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
Single Family
Built in 2023
0.30 Acres lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39046, Canton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,163 (100%) |
| Owner Occupied HU | 8,497 (64.6%) |
| Renter Occupied HU | 3,320 (25.2%) |
| Vacant Housing Units | 1,346 (10.2%) |
| Median Home Value | $261,839 |
| Average Home Value | $292,983 |
Housing Distribution
Address Breakdown
Residential
12,583
Single Family
10,324
Multi-Family
2,259
Businesses
927
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steve O Houck • Real Estate Partners
Mls Name: MLS United
Mls ID: #4088155
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.