2211 5th StMeridianMS39301
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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 Meridian at 2211 5th St, Meridian, MS, 39301 generates $1,823/mo in rent, after a $1,158/mo payment. Total monthly income is $1,823/mo. Return on cash invested sits at 16.5% in year one, and rental yield is 9.25% on a $236,500 entry. Equity gained on principal adds $1,526/yr, while 5% annual appreciation builds toward $65,341 over five years. Five-year ROI reaches 87.84% and total cumulative return in cash sums $68,863. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,823/mo property income rather than buyer’s personal income.
Townhouse
Built in 1890
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39301, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,092 (100%) |
| Owner Occupied HU | 5,987 (54.0%) |
| Renter Occupied HU | 3,494 (31.5%) |
| Vacant Housing Units | 1,611 (14.5%) |
| Median Home Value | $133,088 |
| Average Home Value | $178,415 |
Housing Distribution
Address Breakdown
Residential
10,675
Single Family
9,305
Multi-Family
1,370
Businesses
1,485
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Listed by: Laurie Taylor Cobb • PIGFORD & COREY REALTORS
Mls Name: East Mississippi REALTORS
Mls Provider:
Mls ID: #25-423
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.