1401 Highway 407WinonaMS38967
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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 Winona at 1401 Highway 407, Winona, MS, 38967 generates $1,026/mo in rent and, after a $563/mo payment, leaves $322/mo in cash flow. Total monthly income is $1,026/mo, and annual cash flow is $3,865/yr on $38,123 invested. Return on cash invested sits at 30.05% in year one, and rental yield is 10.71% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 157.25% and total cumulative return in cash sums $59,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,026/mo property income rather than buyer’s personal income.
Manufactured
Built in 1988
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38967, Winona, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,370 (100%) |
| Owner Occupied HU | 2,023 (60.0%) |
| Renter Occupied HU | 798 (23.7%) |
| Vacant Housing Units | 549 (16.3%) |
| Median Home Value | $125,278 |
| Average Home Value | $158,736 |
Housing Distribution
Address Breakdown
Residential
2,807
Single Family
2,807
Multi-Family
0
Businesses
362
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Listed by: Kyle Cravens • Cravens Properties, LLc
Mls Name: MLS United
Mls ID: #4090495
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.