153 Old Payne PlSaltilloMS38866
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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 Saltillo at 153 Old Payne Pl, Saltillo, MS, 38866 priced at $409,900 pairs $2,638/mo rent with $119/mo cash flow after a $2,006/mo payment. Total monthly income equals $2,638/mo, and annual cash flow comes to $1,433/yr on $135,882 invested. Return on cash invested is 20.96% in year one, and rental yield stands at 7.72% on a $409,900 basis. Equity gained on principal adds $2,645/yr, and 5% annual appreciation accumulates to $113,248 by year five. Five-year ROI measures 108.45% and total cumulative return in cash reaches $147,364. For financing, Ziffy Mortgage’s DSCR program evaluates $2,638/mo property income against a $2,006/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
2.45 Acres lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38866, Saltillo, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,595 (100%) |
| Owner Occupied HU | 3,981 (71.2%) |
| Renter Occupied HU | 1,062 (19.0%) |
| Vacant Housing Units | 552 ( 9.9%) |
| Median Home Value | $235,167 |
| Average Home Value | $246,466 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,995
Multi-Family
0
Businesses
286
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Listed by: Amanda May • TM REALTORS
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-2683
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.