1824 36th StMeridianMS39305
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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 Meridian at 1824 36th St, Meridian, MS, 39305 earns $693/mo cash flow from $2,120/mo rent with a $1,141/mo payment. Total monthly income totals $2,120/mo, and annual cash flow totals $8,320/yr on $77,306 capital. ROI tracks 30.67% on current figures, and rental yield reads 10.91% at a $233,200 purchase. Equity gained on principal adds $1,505/yr, and 5% annual appreciation supports $64,429 over five years. Five-year ROI reaches 160.49% and total cumulative return in cash sums $124,071. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,120/mo property income instead of your personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39305, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,272 (100%) |
| Owner Occupied HU | 5,740 (61.9%) |
| Renter Occupied HU | 2,607 (28.1%) |
| Vacant Housing Units | 925 ( 10.0%) |
| Median Home Value | $200,329 |
| Average Home Value | $300,961 |
Housing Distribution
Address Breakdown
Residential
9,023
Single Family
7,552
Multi-Family
1,471
Businesses
405
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Listed by: N/A • N/A
Mls Name: East Mississippi REALTORS
Mls ID: #24-1035