2206 Anderson Rd APT 1702, Oxford, MS, 38655 | 7.22% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2206 Anderson Rd APT 1702, Oxford, MS, 38655 | 7.22% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,956/mo, and a $1,591/mo payment. Purchase price stands at $325,000, and rental yield measures 7.22% with $1,956/mo rent. Return on cash invested shows 16.37% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 84.9% and total cumulative return in cash records $91,465. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,956/mo property income covering a $1,591/mo payment rather than investor’s personal income.

Condo

Built in 2006

N/A lot

$N/A/sqft

$285 monthly HOA

More details about the property

The condo at Esplanade Ridge located at 2206 Anderson Road is on the west side of Oxford.This complex is a wonderful place in which to own a condo so that you are in walking distance to campus as well as a number of good retail outlets and restaurants. Our family has owned this condo since it has been built. It has been kept in great shape-using it for family to gather for weekends of Ole Miss events and other activities. Also, we have just enjoyed it as a great home away from home. The HOA has a wonderful manager that takes excellent care of Esplanade Ridge.It is a very safe place to live and enjoy good neighbors. Its a 2 bedroom ( plus downstairs sofa also makes into a bed.), 2 1/2 bath townhouse. Upstairs it has 2 nice size bedrooms for queen or king size beds and 2 private baths. Downstairs it has a nice living area that feeds into a dining area that can hold a table easily for six folks and then a separate kitchen. The kitchen has an open bar that separates it from the dining area and can be utilized by four people in addition to the dining room table.The unit also has a downstairs half bath with new counters, a pantry, and a closet for a stand alone washer and a dryer. The small lighted patio in the back has been delight to enjoy the fresh air while cooking on a grill. Our children and grandchildren have enjoyed the small back yard to throw the football and play. This condo is a great investment for fun times with family or for students in college looking for a nice condo close to campus and retail establishments.

Neighborhood Data

Neighborhood data shown for ZIP Code: 38655, Oxford, MS area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,797 (100%)
Owner Occupied HU	12,970 (46.7%)
Renter Occupied HU	9,130 (32.8%)
Vacant Housing Units	5,697 (20.5%)
Median Home Value	$326,779
Average Home Value	$423,478