1842 Piedmont StJacksonMS39202
Nearby investment properties with comparable rents
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
Rental property for sale in Jackson at 1842 Piedmont St, Jackson, MS, 39202 priced at $155,900 converts $1,174/mo rent into $102/mo cash flow after a $763/mo obligation. Total monthly income equals $1,174/mo, and annual cash flow totals $1,228/yr on $51,681 invested. Return on cash invested prints 22.28% in year one, and rental yield reads 9.04% against a $155,900 entry. Equity gained on principal adds $1,006/yr, while 5% annual appreciation compiles into $43,072 by year five. Five-year ROI reaches 116.56% and total cumulative return in cash sums $60,238. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,174/mo property income covering a $763/mo payment, not borrower’s personal income.
Single Family
Built in 1939
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39202, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,532 (100%) |
| Owner Occupied HU | 1,315 (29.0%) |
| Renter Occupied HU | 2,519 (55.6%) |
| Vacant Housing Units | 698 (15.4%) |
| Median Home Value | $238,470 |
| Average Home Value | $293,496 |
Housing Distribution
Address Breakdown
Residential
3,997
Single Family
2,707
Multi-Family
1,290
Businesses
595
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alisha Cochran • Realty Sales & Management
Mls Name: MLS United
Mls ID: #4092762
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.