1402 S Fir Ave #394CollinsMS39428
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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 Collins at 1402 S Fir Ave #394, Collins, MS, 39428 uses $57,681 cash to close to unlock $4,906/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $1,474/mo, and a $852/mo payment keeps the spread at $409/mo. Purchase price stands at $174,000, and rental yield measures 10.17% with $1,474/mo rent. Return on cash invested shows 28.41% in year one, and 5% annual appreciation builds toward $48,073 over five years. Five-year ROI reaches 148.36% and total cumulative return in cash records $85,577. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,474/mo property income covering a $852/mo payment rather than investor’s personal income.
Single Family
Built in 1980
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39428, Collins, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,056 (100%) |
| Owner Occupied HU | 2,856 (70.4%) |
| Renter Occupied HU | 704 (17.4%) |
| Vacant Housing Units | 496 (12.2%) |
| Median Home Value | $89,755 |
| Average Home Value | $140,447 |
Housing Distribution
Address Breakdown
Residential
3,436
Single Family
3,283
Multi-Family
153
Businesses
359
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Listed by: Tiffany Kinslow • Main Street Realty LLC
Mls Name: MLS United
Mls ID: #4099664
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.