218 S Madison StCantonMS39046
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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 Canton at 218 S Madison St, Canton, MS, 39046 offers $2,339/mo rent that, after a $692/mo payment, leaves $1,454/mo cash flow. Total monthly income is $2,339/mo, and annual cash flow is $17,442/yr on $46,841 cash. Return on cash invested measures 57.15% in year one, and rental yield stands at 19.86% at a $141,300 entry. Equity gained on principal adds $912/yr while 5% annual appreciation compounds into $39,039 by year five. Five-year ROI records 302.68% and total cumulative return in cash reaches $141,778. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,339/mo property income versus a $692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39046, Canton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,163 (100%) |
| Owner Occupied HU | 8,497 (64.6%) |
| Renter Occupied HU | 3,320 (25.2%) |
| Vacant Housing Units | 1,346 (10.2%) |
| Median Home Value | $261,839 |
| Average Home Value | $292,983 |
Housing Distribution
Address Breakdown
Residential
12,583
Single Family
10,324
Multi-Family
2,259
Businesses
927
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Listed by: N/A • N/A
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