1247 Highway 29 NEllisvilleMS39437
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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 Ellisville at 1247 Highway 29 N, Ellisville, MS, 39437 uses $36,465 cash to close to unlock $4,791/yr annual cash flow and $399/mo monthly cash flow. Total monthly income runs $1,072/mo, and a $538/mo payment keeps the spread at $399/mo. Purchase price stands at $110,000, and rental yield measures 11.69% with $1,072/mo rent. Return on cash invested shows 33.05% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 173.33% and total cumulative return in cash records $63,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,072/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39437, Ellisville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,334 (100%) |
| Owner Occupied HU | 3,863 (72.4%) |
| Renter Occupied HU | 884 (16.6%) |
| Vacant Housing Units | 587 (11.0%) |
| Median Home Value | $184,585 |
| Average Home Value | $211,798 |
Housing Distribution
Address Breakdown
Residential
5,324
Single Family
5,212
Multi-Family
112
Businesses
331
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Nearby investment properties with comparable prices
Listed by: Angie Griffin • Jerry Ford Real Estate
Mls Name: LBOR
Mls ID: #36905
Disclaimer: Copyright Laurel Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.