1621 Washington StBelmontMS38827
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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
Investment property for sale in Belmont at 1621 Washington St, Belmont, MS, 38827 offers a 9.11% rental yield on a $135,000 purchase with $1,025/mo rent. Total monthly income registers $1,025/mo, and a $661/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,383/yr on $44,753 to close, and return on cash invested stands at 25.23% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 131.34% and total cumulative return in cash at $58,777. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,025/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38827, Belmont, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,338 (100%) |
| Owner Occupied HU | 811 (60.6%) |
| Renter Occupied HU | 277 (20.7%) |
| Vacant Housing Units | 250 (18.7%) |
| Median Home Value | $173,825 |
| Average Home Value | $195,697 |
Housing Distribution
Address Breakdown
Residential
1,009
Single Family
978
Multi-Family
31
Businesses
116
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Listed by: Julie Rogers • ELITE REALTY
Mls Name: NMMLS
Mls ID: #25-3443