1407 22nd StMeridianMS39301
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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 Meridian at 1407 22nd St, Meridian, MS, 39301 offers a 12.19% rental yield on a $134,900 purchase with $1,370/mo rent. Total monthly income registers $1,370/mo, and a $660/mo payment leaves $456/mo available for distribution. Annual cash flow reaches $5,470/yr on $44,719 to close, and return on cash invested stands at 32.14% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 169.23% and total cumulative return in cash at $75,677. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,370/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
6,309 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39301, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,092 (100%) |
| Owner Occupied HU | 5,987 (54.0%) |
| Renter Occupied HU | 3,494 (31.5%) |
| Vacant Housing Units | 1,611 (14.5%) |
| Median Home Value | $133,088 |
| Average Home Value | $178,415 |
Housing Distribution
Address Breakdown
Residential
10,675
Single Family
9,305
Multi-Family
1,370
Businesses
1,485
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Listed by: Jamie Bonner • PIGFORD & COREY REALTORS
Mls Name: East Mississippi REALTORS
Mls Provider:
Mls ID: #25-633
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.