229 Lake Cove DrJacksonMS39212
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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
Investment property for sale in Jackson at 229 Lake Cove Dr, Jackson, MS, 39212 with 5% annual appreciation on a $159,000 basis while $1,206/mo rent supports operations. Total monthly income totals $1,206/mo and a $778/mo payment preserves $224/mo for cash returns. Annual cash flow comes to $2,686/yr on $52,709 deployed, and return on cash invested reaches 25% in year one. Equity gained on principal adds $1,026/yr, and five-year appreciation sums $43,929 alongside rental yield of 9.1%. Five-year ROI measures 130.16% and total cumulative return in cash totals $68,604.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,206/mo property income versus a $778/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39212, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,537 (100%) |
| Owner Occupied HU | 7,031 (56.1%) |
| Renter Occupied HU | 3,894 (31.1%) |
| Vacant Housing Units | 1,612 (12.9%) |
| Median Home Value | $119,083 |
| Average Home Value | $166,295 |
Housing Distribution
Address Breakdown
Residential
11,563
Single Family
9,991
Multi-Family
1,572
Businesses
367
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Listed by: Kimm Hackett • eXp Realty
Mls Name: MLS United
Mls ID: #4089408
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.