152 Myrtle AveNettletonMS38858
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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
Rental property for sale in Nettleton at 152 Myrtle Ave, Nettleton, MS, 38858 priced at $179,000 converts $1,387/mo rent into $292/mo cash flow after a $876/mo obligation. Total monthly income equals $1,387/mo, and annual cash flow totals $3,501/yr on $59,339 invested. Return on cash invested prints 25.81% in year one, and rental yield reads 9.3% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 134.43% and total cumulative return in cash sums $79,767. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,387/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38858, Nettleton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,164 (100%) |
| Owner Occupied HU | 2,198 (69.5%) |
| Renter Occupied HU | 562 (17.8%) |
| Vacant Housing Units | 404 (12.8%) |
| Median Home Value | $147,287 |
| Average Home Value | $171,993 |
Housing Distribution
Address Breakdown
Residential
2,916
Single Family
2,916
Multi-Family
0
Businesses
129
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Listed by: Stacy P. Forbus • AMORY REALTY
Mls Name: NMMLS
Mls ID: #25-3390