1492 Dry Creek RdMageeMS39111
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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 Magee at 1492 Dry Creek Rd, Magee, MS, 39111 earns $677/mo cash flow from $2,022/mo rent with a $1,076/mo payment. Total monthly income totals $2,022/mo, and annual cash flow totals $8,119/yr on $72,897 capital. ROI tracks 31.05% on current figures, and rental yield reads 11.03% at a $219,900 purchase. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 over five years. Five-year ROI reaches 162.5% and total cumulative return in cash sums $118,456. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,022/mo property income instead of your personal income.
Single Family
Built in 2022
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39111, Magee, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 2,485 (60.9%) |
| Renter Occupied HU | 996 (24.4%) |
| Vacant Housing Units | 600 (14.7%) |
| Median Home Value | $155,105 |
| Average Home Value | $163,878 |
Housing Distribution
Address Breakdown
Residential
3,972
Single Family
3,650
Multi-Family
322
Businesses
586
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Listed by: Triston Cowan • Cowan Realty Group
Mls Name: MLS United
Mls ID: #4082663
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.