2300 Honnoll Mill RdCaledoniaMS39740
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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 Caledonia at 2300 Honnoll Mill Rd, Caledonia, MS, 39740 offers $2,652/mo rent that, after a $823/mo payment, leaves $1,623/mo cash flow. Total monthly income is $2,652/mo, and annual cash flow is $19,477/yr on $55,725 cash. Return on cash invested measures 54.86% in year one, and rental yield stands at 18.93% at a $168,100 entry. Equity gained on principal adds $1,085/yr while 5% annual appreciation compounds into $46,443 by year five. Five-year ROI records 290.26% and total cumulative return in cash reaches $161,749. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,652/mo property income versus a $823/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39740, Caledonia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,480 (100%) |
| Owner Occupied HU | 1,855 (74.8%) |
| Renter Occupied HU | 382 (15.4%) |
| Vacant Housing Units | 243 ( 9.8%) |
| Median Home Value | $247,557 |
| Average Home Value | $242,942 |
Housing Distribution
Address Breakdown
Residential
2,228
Single Family
2,228
Multi-Family
0
Businesses
81
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A