129 Ashby Ridge DrCantonMS39046
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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 Canton at 129 Ashby Ridge Dr, Canton, MS, 39046 offers $3,234/mo rent that, after a $1,889/mo payment, leaves $823/mo cash flow. Total monthly income is $3,234/mo, and annual cash flow is $9,876/yr on $127,959 cash. Return on cash invested measures 27.63% in year one, and rental yield stands at 10.05% at a $386,000 entry. Equity gained on principal adds $2,491/yr while 5% annual appreciation compounds into $106,645 by year five. Five-year ROI records 144.29% and total cumulative return in cash reaches $184,632. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,234/mo property income versus a $1,889/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.25 Acres lot
$N/A/sqft
$590 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
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Nearby investment properties with comparable prices
Listed by: Vicki Welch • Realty ONE Group Prime
Mls Name: MLS United
Mls ID: #4089255
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.