227 8th Ave SEMageeMS39111
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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 Magee at 227 8th Ave SE, Magee, MS, 39111 priced at $140,000 converts $1,073/mo rent into $217/mo cash flow after a $685/mo obligation. Total monthly income equals $1,073/mo, and annual cash flow totals $2,598/yr on $46,410 invested. Return on cash invested prints 25.51% in year one, and rental yield reads 9.2% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 132.82% and total cumulative return in cash sums $61,642. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,073/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1964
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39111, Magee, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 2,485 (60.9%) |
| Renter Occupied HU | 996 (24.4%) |
| Vacant Housing Units | 600 (14.7%) |
| Median Home Value | $155,105 |
| Average Home Value | $163,878 |
Housing Distribution
Address Breakdown
Residential
3,972
Single Family
3,650
Multi-Family
322
Businesses
586
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Listed by: Joshua Bowen • EXIT Southern Realty
Mls Name: HSMLS
Mls Provider:
Mls ID: #139218
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.