1503 N Madison StCorinthMS38834
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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 Corinth at 1503 N Madison St, Corinth, MS, 38834 earns $1,000/mo cash flow from $1,918/mo rent with a $734/mo payment. Total monthly income totals $1,918/mo, and annual cash flow totals $12,005/yr on $49,692 capital. ROI tracks 44.07% on current figures, and rental yield reads 15.35% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 232.38% and total cumulative return in cash sums $115,475. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,918/mo property income instead of your personal income.
Single Family
Built in 1955
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38834, Corinth, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,009 (100%) |
| Owner Occupied HU | 7,802 (60.0%) |
| Renter Occupied HU | 3,798 (29.2%) |
| Vacant Housing Units | 1,409 (10.8%) |
| Median Home Value | $146,073 |
| Average Home Value | $191,454 |
Housing Distribution
Address Breakdown
Residential
12,318
Single Family
11,847
Multi-Family
471
Businesses
1,158
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Listed by: Juan Brooks • Process Realty Services
Mls Name: MLS United
Mls ID: #4122550