1609 Linda Dr SWClintonMS39056
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 Clinton at 1609 Linda Dr SW, Clinton, MS, 39056 offers a 9.82% rental yield on a $865,000 purchase with $7,082/mo rent. Total monthly income registers $7,082/mo, and a $4,234/mo payment leaves $1,776/mo available for distribution. Annual cash flow reaches $21,310/yr on $284,585 to close, and return on cash invested stands at 27.55% in year one. Equity gained on principal adds $5,582/yr while 5% annual appreciation supports $238,984 over five years. Portfolio math shows five-year ROI at 143.7% and total cumulative return in cash at $408,939. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,082/mo property income against a $4,234/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
5.50 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39056, Clinton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,355 (100%) |
| Owner Occupied HU | 7,727 (68.0%) |
| Renter Occupied HU | 2,851 (25.1%) |
| Vacant Housing Units | 777 ( 6.8%) |
| Median Home Value | $239,627 |
| Average Home Value | $269,548 |
Housing Distribution
Address Breakdown
Residential
11,395
Single Family
9,741
Multi-Family
1,654
Businesses
665
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John P Coughlin • Three Rivers Real Estate
Mls Name: MLS United
Mls ID: #4095744
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.