213 N Carter StOkolonaMS38860
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 213 N Carter St, Okolona, MS, 38860 in Okolona is narrow, $58/mo net on $1,159/mo rent after the $809/mo debt service, but the property operates at break-even-plus, not a loss. At $179,900 with a 7.73% yield, the long-run equity case via 5% appreciation ($49,703 over five years) and $1,657/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.43 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $71,926.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 6.2% |
| Monthly Cash Flow | $58 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,159 |
| Total Monthly Debt Service | $1,029 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jaz Trice Buchanan • TM REALTORS
Mls Name: NMMLS
Mls ID: #25-2321