1520 22nd AveMeridianMS39301
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 Meridian at 1520 22nd Ave, Meridian, MS, 39301 earns from $1,208/mo rent with a $2,203/mo payment. Total monthly income totals $1,208/mo. ROI tracks 4.93% on current figures, and rental yield reads 3.22% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 23.33% and total cumulative return in cash sums $34,806. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,208/mo property income instead of your personal income.
Multi Family
Built in 1940
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39301, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,092 (100%) |
| Owner Occupied HU | 5,987 (54.0%) |
| Renter Occupied HU | 3,494 (31.5%) |
| Vacant Housing Units | 1,611 (14.5%) |
| Median Home Value | $133,088 |
| Average Home Value | $178,415 |
Housing Distribution
Address Breakdown
Residential
10,675
Single Family
9,305
Multi-Family
1,370
Businesses
1,485
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tabatha Johnson • Cowan Realty Group
Mls Name: MLS United
Mls ID: #4094316
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.