23 Woodie LnMonticelloMS39654
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Monticello at 23 Woodie Ln, Monticello, MS, 39654 offers $912/mo rent that, after a $578/mo payment, leaves $189/mo cash flow. Total monthly income is $912/mo, and annual cash flow is $2,273/yr on $39,117 cash. Return on cash invested measures 25.72% in year one, and rental yield stands at 9.27% at a $118,000 entry. Equity gained on principal adds $761/yr while 5% annual appreciation compounds into $32,601 by year five. Five-year ROI records 134.01% and total cumulative return in cash reaches $52,419. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $912/mo property income versus a $578/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39654, Monticello, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,562 (100%) |
| Owner Occupied HU | 1,768 (69.0%) |
| Renter Occupied HU | 430 (16.8%) |
| Vacant Housing Units | 364 (14.2%) |
| Median Home Value | $139,031 |
| Average Home Value | $179,671 |
Housing Distribution
Address Breakdown
Residential
2,230
Single Family
2,147
Multi-Family
83
Businesses
238
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Listed by: Keyshaun Spencer • Wells Realty LLC
Mls Name: HSMLS
Mls ID: #140714