1511 Myrtle StJacksonMS39202
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Nearby investment properties with comparable prices
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 Jackson at 1511 Myrtle St, Jackson, MS, 39202 offers $2,141/mo rent that, after a $1,018/mo payment, leaves $853/mo cash flow. Total monthly income is $2,141/mo, and annual cash flow is $10,235/yr on $68,919 cash. Return on cash invested measures 34.76% in year one, and rental yield stands at 12.36% at a $207,900 entry. Equity gained on principal adds $1,342/yr while 5% annual appreciation compounds into $57,439 by year five. Five-year ROI records 182.48% and total cumulative return in cash reaches $125,764. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,141/mo property income versus a $1,018/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39202, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,532 (100%) |
| Owner Occupied HU | 1,315 (29.0%) |
| Renter Occupied HU | 2,519 (55.6%) |
| Vacant Housing Units | 698 (15.4%) |
| Median Home Value | $238,470 |
| Average Home Value | $293,496 |
Housing Distribution
Address Breakdown
Residential
3,997
Single Family
2,707
Multi-Family
1,290
Businesses
595
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Listed by: N/A • N/A
Mls Name: MLS United
Mls ID: #4124565