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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Summit at 2057 Magnolia Pisgah Rd, Summit, MS, 39666 uses $80,223 cash to close to unlock $1,939/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $1,642/mo, and a $1,184/mo payment keeps the spread at $162/mo. Purchase price stands at $242,000, and rental yield measures 8.14% with $1,642/mo rent. Return on cash invested shows 22.33% in year one, and 5% annual appreciation builds toward $66,860 over five years. Five-year ROI reaches 115.73% and total cumulative return in cash records $92,838. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,642/mo property income covering a $1,184/mo payment rather than investor’s personal income.
Single Family
Built in 1998
13.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 39666, Summit, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,888 (100%) |
| Owner Occupied HU | 3,389 (69.3%) |
| Renter Occupied HU | 834 (17.1%) |
| Vacant Housing Units | 665 (13.6%) |
| Median Home Value | $181,895 |
| Average Home Value | $240,043 |
Residential
4,115
Single Family
4,115
Multi-Family
0
Businesses
218
Date | Event | Price |
|---|---|---|
| 2024-09-13 | Listed for sale | $242,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-16 | N/A | N/A | $5,146 | 0.06% |
| 2021-10-16 | N/A | N/A | $5,143 | -2.02% |
| 2020-10-16 | N/A | N/A | $5,249 | 5.49% |
Listed by: Kelly Parker • United Country-Southern States Realty
Mls Name: Southwest Mississippi BOR
Mls ID: #143142
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.
