1470 Carmel New Hope RdMonticelloMS39654
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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 Monticello at 1470 Carmel New Hope Rd, Monticello, MS, 39654 listed at $240,700 pairs $1,987/mo rent with a $1,178/mo payment to leave $514/mo cash flow. Total monthly income runs $1,987/mo, and annual cash flow reaches $6,170/yr on $79,792 cash to close. Return on cash invested measures 27.64% in year one, and rental yield registers 9.91% at a $240,700 basis. Equity gained on principal adds $1,553/yr, and annual property appreciation at 5% supports $66,501 by year five. Five-year ROI tracks 144.28% and total cumulative return in cash totals $115,122. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,987/mo property income relative to a $1,178/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39654, Monticello, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,562 (100%) |
| Owner Occupied HU | 1,768 (69.0%) |
| Renter Occupied HU | 430 (16.8%) |
| Vacant Housing Units | 364 (14.2%) |
| Median Home Value | $139,031 |
| Average Home Value | $179,671 |
Housing Distribution
Address Breakdown
Residential
2,230
Single Family
2,147
Multi-Family
83
Businesses
238
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Listed by: N/A • N/A
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