1282 Highway 309 SByhaliaMS38611
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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 Byhalia at 1282 Highway 309 S, Byhalia, MS, 38611 generates $2,086/mo in rent and, after a $1,566/mo payment, leaves $128/mo in cash flow. Total monthly income is $2,086/mo, and annual cash flow is $1,537/yr on $106,047 invested. Return on cash invested sits at 21.36% in year one, and rental yield is 7.82% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 110.57% and total cumulative return in cash sums $117,260. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,086/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38611, Byhalia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,824 (100%) |
| Owner Occupied HU | 5,592 (71.5%) |
| Renter Occupied HU | 1,104 (14.1%) |
| Vacant Housing Units | 1,128 (14.4%) |
| Median Home Value | $237,625 |
| Average Home Value | $262,857 |
Housing Distribution
Address Breakdown
Residential
7,121
Single Family
7,032
Multi-Family
89
Businesses
350
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Listed by: Tim Joyner • My Home Realty
Mls Name: MLS United
Mls ID: #4136382