1720 State Highway 30 ENew AlbanyMS38652
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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 New Albany at 1720 State Highway 30 E, New Albany, MS, 38652 uses $45,747 cash to close to unlock $3,179/yr annual cash flow and $265/mo monthly cash flow. Total monthly income runs $1,109/mo, and a $675/mo payment keeps the spread at $265/mo. Purchase price stands at $138,000, and rental yield measures 9.64% with $1,109/mo rent. Return on cash invested shows 26.86% in year one, and 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 140.04% and total cumulative return in cash records $64,062. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,109/mo property income covering a $675/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1 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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Listed by: Madyson Carter • J. Morris Realty, LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-3582
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.