213 N Carter StOkolonaMS38860
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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
Rental property for sale in Okolona at 213 N Carter St, Okolona, MS, 38860 priced at $179,900 pairs $1,159/mo rent with $58/mo cash flow after a $881/mo payment. Total monthly income equals $1,159/mo, and annual cash flow comes to $692/yr on $59,637 invested. Return on cash invested is 21.07% in year one, and rental yield stands at 7.73% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 109.02% and total cumulative return in cash reaches $65,013. For financing, Ziffy Mortgage’s DSCR program evaluates $1,159/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38860, Okolona, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,740 (100%) |
| Owner Occupied HU | 1,710 (62.4%) |
| Renter Occupied HU | 625 (22.8%) |
| Vacant Housing Units | 405 (14.8%) |
| Median Home Value | $110,762 |
| Average Home Value | $145,300 |
Housing Distribution
Address Breakdown
Residential
2,417
Single Family
2,310
Multi-Family
107
Businesses
161
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Listed by: Jaz Trice Buchanan • TM REALTORS
Mls Name: NMMLS
Mls ID: #25-2321