204 Butler AveNew 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
Investment property for sale in New Albany at 204 Butler Ave, New Albany, MS, 38652 with 5% annual appreciation on a $120,000 basis while $959/mo rent supports operations. Total monthly income totals $959/mo and a $587/mo payment preserves $225/mo for cash returns. Annual cash flow comes to $2,700/yr on $39,780 deployed, and return on cash invested reaches 26.7% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 9.59%. Five-year ROI measures 139.11% and total cumulative return in cash totals $55,339.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $959/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.55 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: Frankie Mcmillin • J. Morris Realty, LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-271
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.