1638 Highway 19 SMeridianMS39301
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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 Meridian at 1638 Highway 19 S, Meridian, MS, 39301 offers a 9.11% rental yield on a $129,900 purchase with $986/mo rent. Total monthly income registers $986/mo, and a $636/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,290/yr on $43,062 to close, and return on cash invested stands at 25.23% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 131.27% and total cumulative return in cash at $56,527. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $986/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
9,464 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39301, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,092 (100%) |
| Owner Occupied HU | 5,987 (54.0%) |
| Renter Occupied HU | 3,494 (31.5%) |
| Vacant Housing Units | 1,611 (14.5%) |
| Median Home Value | $133,088 |
| Average Home Value | $178,415 |
Housing Distribution
Address Breakdown
Residential
10,675
Single Family
9,305
Multi-Family
1,370
Businesses
1,485
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Listed by: Ike McKelvain III • Dwell Realty Group, LLC
Mls Name: East Mississippi REALTORS
Mls ID: #25-983