211 E Main St, New Albany, MS, 38652 | $386/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

211 E Main St, New Albany, MS, 38652 | $386/mo Cash Flow | Ziffy

For Sale

Currently Rented

Fix & Flip

Motivated Seller

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
2272 sft

1083 30th Cres, Oxford, MS, 38655

3 Bed
2 Bath
1547 sft

70 Wages Ln, Pontotoc, MS, 38863

3 Bed
2 Bath
1375 sft

134 Columbia St, Pontotoc, MS, 38863

3 Bed
3 Bath
2090 sft

551 Royal Oak Dr, Pontotoc, MS, 38863

Nearby investment properties with comparable prices

3 Bed
2 Bath
1336 sft

271 Poyner St, Pontotoc, MS, 38863

2 Bed
1 Bath
1232 sft

601 Owen Rd, New Albany, MS, 38652

3 Bed
2 Bath
1386 sft

1074 County Road 90, New Albany, MS, 38652

2 Bed
2 Bath
1119 sft

1005 Celi Pearl Cv, New Albany, MS, 38652

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in New Albany at 211 E Main St, New Albany, MS, 38652 priced at $221,200 pairs $1,740/mo rent with $386/mo cash flow after a $1,083/mo payment. Total monthly income equals $1,740/mo, and annual cash flow comes to $4,632/yr on $73,328 invested. Return on cash invested is 26.23% in year one, and rental yield stands at 9.44% on a $221,200 basis. Equity gained on principal adds $1,427/yr, and 5% annual appreciation accumulates to $61,113 by year five. Five-year ROI measures 136.7% and total cumulative return in cash reaches $100,240. For financing, Ziffy Mortgage’s DSCR program evaluates $1,740/mo property income against a $1,083/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1900

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

AUCTION. This spacious ranch home is offered at a great price and offers 3 beds, 2 baths and sits on a large corner lot in a rural setting. Home is connected to city water and sewer. Property is sold as-is with NO property disclosure or inspection reports, NO lease in place, NO interior photos, NO ACCESS - the seller does not represent or guarantee occupancy status. Please DO NOT DISTURB the occupant. ''As is'' CASH ONLY sale with no contingencies or inspections. Buyer will be responsible for obtaining possession of the property upon closing.

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