202 County Road 1016AbbevilleMS38601
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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 Abbeville at 202 County Road 1016, Abbeville, MS, 38601 offers a 9.34% rental yield on a $145,000 purchase with $1,129/mo rent. Total monthly income registers $1,129/mo, and a $710/mo payment leaves $241/mo available for distribution. Annual cash flow reaches $2,896/yr on $48,068 to close, and return on cash invested stands at 25.93% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 135.15% and total cumulative return in cash at $64,964. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,129/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38601, Abbeville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,089 (100%) |
| Owner Occupied HU | 793 (72.8%) |
| Renter Occupied HU | 140 (12.9%) |
| Vacant Housing Units | 156 (14.3%) |
| Median Home Value | $151,603 |
| Average Home Value | $258,859 |
Housing Distribution
Address Breakdown
Residential
992
Single Family
992
Multi-Family
0
Businesses
36
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Listed by: Shea Turner • RE/MAX LEGACY
Mls Name: NCMBR
Mls Provider:
Mls ID: #160244
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.