230 County Road 1341BoonevilleMS38829
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
Investment property for sale in Booneville at 230 County Road 1341, Booneville, MS, 38829 offers a 11.82% rental yield on a $140,000 purchase with $1,379/mo rent. Total monthly income registers $1,379/mo, and a $685/mo payment leaves $523/mo available for distribution. Annual cash flow reaches $6,270/yr on $46,410 to close, and return on cash invested stands at 33.42% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 175.23% and total cumulative return in cash at $81,322. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,379/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38829, Booneville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,842 (100%) |
| Owner Occupied HU | 5,243 (66.9%) |
| Renter Occupied HU | 1,709 (21.8%) |
| Vacant Housing Units | 890 (11.3%) |
| Median Home Value | $129,194 |
| Average Home Value | $174,369 |
Housing Distribution
Address Breakdown
Residential
7,353
Single Family
7,261
Multi-Family
92
Businesses
682
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frankie McMillin • J Morris Realty, LLC
Mls Name: NCMBR
Mls Provider:
Mls ID: #160196
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.