211 E Main StNew AlbanyMS38652
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Nearby investment properties with comparable prices
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 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
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: Andrea Butcher • Realhome Services & Solutions
Mls Name: MLS United
Mls ID: #4125928