145 Republic St #331MadisonMS39110
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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 Madison at 145 Republic St #331, Madison, MS, 39110 generates $5,024/mo in rent, after a $6,500/mo payment. Total monthly income is $5,024/mo. Return on cash invested sits at 11.72% in year one, and rental yield is 4.54% on a $1,328,000 entry. Equity gained on principal adds $8,569/yr, while 5% annual appreciation builds toward $366,902 over five years. Five-year ROI reaches 58.72% and total cumulative return in cash sums $252,670. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,024/mo property income rather than buyer’s personal income.
Condo
Built in 2010
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39110, Madison, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,915 (100%) |
| Owner Occupied HU | 18,105 (90.9%) |
| Renter Occupied HU | 1,037 ( 5.2%) |
| Vacant Housing Units | 773 ( 3.9%) |
| Median Home Value | $380,092 |
| Average Home Value | $440,025 |
Housing Distribution
Address Breakdown
Residential
19,442
Single Family
19,299
Multi-Family
143
Businesses
1,117
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Listed by: Christi S Chandler • The Chandler Group LLC DBA The Chandler Group
Mls Name: MLS United
Mls ID: #4088565
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.