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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Thaxton at 1600 Cheney Rd, Thaxton, MS, 38871 offers a 10.03% rental yield on a $159,900 purchase with $1,337/mo rent. Total monthly income registers $1,337/mo, and a $783/mo payment leaves $358/mo available for distribution. Annual cash flow reaches $4,297/yr on $53,007 to close, and return on cash invested stands at 28.02% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 146.3% and total cumulative return in cash at $77,550. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,337/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38871, Thaxton, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 926 (100%) |
| Owner Occupied HU | 708 (76.5%) |
| Renter Occupied HU | 149 (16.1%) |
| Vacant Housing Units | 69 ( 7.5%) |
| Median Home Value | $159,274 |
| Average Home Value | $185,629 |
Residential
899
Single Family
899
Multi-Family
0
Businesses
29
Date | Event | Price |
|---|---|---|
| 2025-03-10 | Listed for sale | $159,900 |
| 2014-10-12 | Sold | N/A |
| 2014-08-15 | Listed for sale | $79,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-13 | $432.31 | 8.03% | $4,977 | 8.55% |
| 2022-03-13 | $400.19 | N/A | $4,585 | N/A |
| 2021-03-13 | $400.19 | N/A | $4,585 | N/A |
Listed by: Kayleigh Faith Jenkins • Jenkins Realty & Appraisal
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-818
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.
