223 Ward LoopColumbiaMS39429
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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 Columbia at 223 Ward Loop, Columbia, MS, 39429 priced at $245,000 converts $1,585/mo rent into $86/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,585/mo, and annual cash flow totals $1,031/yr on $81,218 invested. Return on cash invested prints 21.18% in year one, and rental yield reads 7.76% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 109.54% and total cumulative return in cash sums $88,968. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,585/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1984
18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39429, Columbia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,313 (100%) |
| Owner Occupied HU | 4,814 (65.8%) |
| Renter Occupied HU | 1,381 (18.9%) |
| Vacant Housing Units | 1,118 (15.3%) |
| Median Home Value | $157,194 |
| Average Home Value | $189,850 |
Housing Distribution
Address Breakdown
Residential
6,817
Single Family
6,526
Multi-Family
291
Businesses
712
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Listed by: Renee Keith • Realty Executives The Executive Team
Mls Name: HSMLS
Mls ID: #143563