188 Red Oak LnColumbusMS39705
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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 Columbus at 188 Red Oak Ln, Columbus, MS, 39705 priced at $359,000 converts $1,907/mo rent into after a $1,757/mo obligation. Total monthly income equals $1,907/mo. Return on cash invested prints 16.99% in year one, and rental yield reads 6.37% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 87.11% and total cumulative return in cash sums $103,663. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,907/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Single Family
Built in 2007
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39705, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,554 (100%) |
| Owner Occupied HU | 3,494 (53.3%) |
| Renter Occupied HU | 2,286 (34.9%) |
| Vacant Housing Units | 774 (11.8%) |
| Median Home Value | $239,766 |
| Average Home Value | $273,247 |
Housing Distribution
Address Breakdown
Residential
6,617
Single Family
5,542
Multi-Family
1,075
Businesses
832
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Listed by: COLIN KRIEGER • RE/MAX PARTNERS
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-2380