1743 Gordon RdAshlandMS38603
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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
Rental property for sale in Ashland at 1743 Gordon Rd, Ashland, MS, 38603 priced at $114,900 converts $973/mo rent into $270/mo cash flow after a $562/mo obligation. Total monthly income equals $973/mo, and annual cash flow totals $3,243/yr on $38,089 invested. Return on cash invested prints 28.42% in year one, and rental yield reads 10.16% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 148.52% and total cumulative return in cash sums $56,570. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $973/mo property income covering a $562/mo payment, not borrower’s personal income.
Manufactured
Built in N/A
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38603, Ashland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,538 (100%) |
| Owner Occupied HU | 948 (61.6%) |
| Renter Occupied HU | 169 (11.0%) |
| Vacant Housing Units | 421 (27.4%) |
| Median Home Value | $129,521 |
| Average Home Value | $157,711 |
Housing Distribution
Address Breakdown
Residential
1,338
Single Family
1,338
Multi-Family
0
Businesses
89
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Listed by: Dustin Mccafferty • Tomlinson Realty Group, LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-2124
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.