1562 State Highway 30 ENew AlbanyMS38652
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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
Investment property for sale in New Albany at 1562 State Highway 30 E, New Albany, MS, 38652 offers a 7.54% rental yield on a $289,500 purchase with $1,818/mo rent. Total monthly income registers $1,818/mo, and a $1,417/mo payment leaves $46/mo available for distribution. Annual cash flow reaches $556/yr on $95,969 to close, and return on cash invested stands at 20.49% in year one. Equity gained on principal adds $1,868/yr while 5% annual appreciation supports $79,984 over five years. Portfolio math shows five-year ROI at 105.89% and total cumulative return in cash at $101,619. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,818/mo property income against a $1,417/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,643 (100%) |
| Owner Occupied HU | 5,086 (66.5%) |
| Renter Occupied HU | 1,831 (24.0%) |
| Vacant Housing Units | 726 ( 9.5%) |
| Median Home Value | $176,246 |
| Average Home Value | $225,845 |
Housing Distribution
Address Breakdown
Residential
7,117
Single Family
6,950
Multi-Family
167
Businesses
843
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Nearby investment properties with comparable prices
Listed by: Chad Mills • Patty Turk Properties, LLC
Mls Name: NMMLS
Mls ID: #25-3083