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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Magee at 2 Southwest St, Magee, MS, 39111 priced at $101,500 converts $0/mo rent into after a $497/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.25% in year one, and rental yield reads 0% against a $101,500 entry. Equity gained on principal adds $655/yr, while 5% annual appreciation compiles into $28,043 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $497/mo payment, not borrower’s personal income.
Lot
Built in N/A
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 39111, Magee, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 2,485 (60.9%) |
| Renter Occupied HU | 996 (24.4%) |
| Vacant Housing Units | 600 (14.7%) |
| Median Home Value | $155,105 |
| Average Home Value | $163,878 |
Residential
3,972
Single Family
3,650
Multi-Family
322
Businesses
586
Date | Event | Price |
|---|---|---|
| 2021-09-17 | Listed for sale | $101,500 |
| 2021-05-19 | Listing removed | N/A |
| 2020-06-24 | Listed for sale | $101,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
Listed by: Chris Curlee • Main Street Realty LLC
Mls Name: MLS United
Mls ID: #1315139
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.
