201 Cleveland StNew AlbanyMS38652
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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 New Albany at 201 Cleveland St, New Albany, MS, 38652 priced at $240,000 converts $2,016/mo rent into $543/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,016/mo, and annual cash flow totals $6,521/yr on $79,560 invested. Return on cash invested prints 28.11% in year one, and rental yield reads 10.08% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 146.76% and total cumulative return in cash sums $116,762. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,016/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,643 (100%) |
| Owner Occupied HU | 5,086 (66.5%) |
| Renter Occupied HU | 1,831 (24.0%) |
| Vacant Housing Units | 726 ( 9.5%) |
| Median Home Value | $176,246 |
| Average Home Value | $225,845 |
Housing Distribution
Address Breakdown
Residential
7,117
Single Family
6,950
Multi-Family
167
Businesses
843
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Listed by: KIM WOOD • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-2178
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.