15 County Road 7018BoonevilleMS38829
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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 Booneville at 15 County Road 7018, Booneville, MS, 38829 uses $172,692 cash to close to unlock $5,520/yr annual cash flow and $460/mo monthly cash flow. Total monthly income runs $3,672/mo, and a $2,569/mo payment keeps the spread at $460/mo. Purchase price stands at $524,900, and rental yield measures 8.39% with $3,672/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $145,020 over five years. Five-year ROI reaches 120.67% and total cumulative return in cash records $208,381. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,672/mo property income covering a $2,569/mo payment rather than investor’s personal income.
Single Family
Built in N/A
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38829, Booneville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,842 (100%) |
| Owner Occupied HU | 5,243 (66.9%) |
| Renter Occupied HU | 1,709 (21.8%) |
| Vacant Housing Units | 890 (11.3%) |
| Median Home Value | $129,194 |
| Average Home Value | $174,369 |
Housing Distribution
Address Breakdown
Residential
7,353
Single Family
7,261
Multi-Family
92
Businesses
682
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Listed by: Matthew Alec Coats • Childers Realty & Associates, Inc.
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-1012
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.