1998 Highway 16 WCarthageMS39051
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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
Total monthly income runs $940/mo, and a $1,708/mo payment. Purchase price stands at $349,000, and rental yield measures 3.23% with $940/mo rent. Return on cash invested shows 7.51% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 36.27% and total cumulative return in cash records $41,964. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $940/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 2017
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39051, Carthage, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,665 (100%) |
| Owner Occupied HU | 4,609 (69.2%) |
| Renter Occupied HU | 1,407 (21.1%) |
| Vacant Housing Units | 649 ( 9.7%) |
| Median Home Value | $130,250 |
| Average Home Value | $152,076 |
Housing Distribution
Address Breakdown
Residential
6,399
Single Family
6,176
Multi-Family
223
Businesses
564
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Listed by: Manisha Patel • Exit New Door Realty
Mls Name: MLS United
Mls ID: #4125348
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.