20 Wiggins RdColumbiaMS39429
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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 Columbia at 20 Wiggins Rd, Columbia, MS, 39429 offers a 9.49% rental yield on a $105,000 purchase with $830/mo rent. Total monthly income registers $830/mo, and a $514/mo payment leaves $153/mo available for distribution. Annual cash flow reaches $1,840/yr on $34,808 to close, and return on cash invested stands at 25.2% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 131.6% and total cumulative return in cash at $45,806. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $830/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39429, Columbia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,313 (100%) |
| Owner Occupied HU | 4,814 (65.8%) |
| Renter Occupied HU | 1,381 (18.9%) |
| Vacant Housing Units | 1,118 (15.3%) |
| Median Home Value | $157,194 |
| Average Home Value | $189,850 |
Housing Distribution
Address Breakdown
Residential
6,817
Single Family
6,526
Multi-Family
291
Businesses
712
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Listed by: Kristi Shorts • Real Broker, LLC
Mls Name: MLS United
Mls ID: #4093808
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.