1516 Martin Luther King Jr DrColumbusMS39701
Nearby investment properties with comparable rents
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
Investment property for sale in Columbus at 1516 Martin Luther King Jr Dr, Columbus, MS, 39701 offers a 18.82% rental yield on a $101,900 purchase with $1,598/mo rent. Total monthly income registers $1,598/mo, and a $499/mo payment leaves $962/mo available for distribution. Annual cash flow reaches $11,546/yr on $33,780 to close, and return on cash invested stands at 54.09% in year one. Equity gained on principal adds $658/yr while 5% annual appreciation supports $28,153 over five years. Portfolio math shows five-year ROI at 286.36% and total cumulative return in cash at $96,732. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,598/mo property income against a $499/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39701, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,296 (100%) |
| Owner Occupied HU | 2,797 (44.4%) |
| Renter Occupied HU | 2,454 (39.0%) |
| Vacant Housing Units | 1,045 (16.6%) |
| Median Home Value | $162,752 |
| Average Home Value | $251,956 |
Housing Distribution
Address Breakdown
Residential
5,834
Single Family
5,729
Multi-Family
105
Businesses
648
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A