1920 37th AveMeridianMS39307
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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 Meridian at 1920 37th Ave, Meridian, MS, 39307 generates $1,049/mo in rent, after a $1,052/mo payment. Total monthly income is $1,049/mo. Return on cash invested sits at 15.42% in year one, and rental yield is 5.85% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 78.73% and total cumulative return in cash sums $56,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,049/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39307, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,027 (100%) |
| Owner Occupied HU | 3,642 (51.8%) |
| Renter Occupied HU | 2,320 (33.0%) |
| Vacant Housing Units | 1,065 (15.2%) |
| Median Home Value | $85,742 |
| Average Home Value | $127,675 |
Housing Distribution
Address Breakdown
Residential
6,621
Single Family
6,262
Multi-Family
359
Businesses
455
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Listed by: Celisa Coleman • HILL REAL ESTATE GROUP, LLC
Mls Name: East Mississippi REALTORS
Mls ID: #25-1146