214 River PlJacksonMS39211
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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 Jackson at 214 River Pl, Jackson, MS, 39211 priced at $151,000 converts $1,154/mo rent into $230/mo cash flow after a $739/mo obligation. Total monthly income equals $1,154/mo, and annual cash flow totals $2,760/yr on $50,057 invested. Return on cash invested prints 25.42% in year one, and rental yield reads 9.17% against a $151,000 entry. Equity gained on principal adds $974/yr, while 5% annual appreciation compiles into $41,719 by year five. Five-year ROI reaches 132.39% and total cumulative return in cash sums $66,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,154/mo property income covering a $739/mo payment, not borrower’s personal income.
Condo
Built in 1978
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39211, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,274 (100%) |
| Owner Occupied HU | 7,361 (60.0%) |
| Renter Occupied HU | 3,706 (30.2%) |
| Vacant Housing Units | 1,207 ( 9.8%) |
| Median Home Value | $246,919 |
| Average Home Value | $314,842 |
Housing Distribution
Address Breakdown
Residential
11,786
Single Family
8,928
Multi-Family
2,858
Businesses
739
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Listed by: Laurie Defoe • Nix-Tann & Associates, Inc.
Mls Name: MLS United
Mls ID: #4126769