1954 Elaine StJacksonMS39204
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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 Jackson at 1954 Elaine St, Jackson, MS, 39204 offers a 9.07% rental yield on a $114,000 purchase with $862/mo rent. Total monthly income registers $862/mo, and a $558/mo payment leaves $164/mo available for distribution. Annual cash flow reaches $1,972/yr on $37,791 to close, and return on cash invested stands at 25.13% in year one. Equity gained on principal adds $736/yr while 5% annual appreciation supports $31,496 over five years. Portfolio math shows five-year ROI at 130.81% and total cumulative return in cash at $49,435. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $862/mo property income against a $558/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39204, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,591 (100%) |
| Owner Occupied HU | 2,460 (32.4%) |
| Renter Occupied HU | 3,547 (46.7%) |
| Vacant Housing Units | 1,584 (20.9%) |
| Median Home Value | $76,400 |
| Average Home Value | $141,192 |
Housing Distribution
Address Breakdown
Residential
6,525
Single Family
4,328
Multi-Family
2,197
Businesses
724
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Listed by: Mike Hoffman • Nix-Tann & Associates, Inc.
Mls Name: MLS United
Mls ID: #4100431
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.