233 Hemingway CirCantonMS39046
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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 Canton at 233 Hemingway Cir, Canton, MS, 39046 with 5% annual appreciation on a $279,900 basis while $1,892/mo rent supports operations. Total monthly income totals $1,892/mo and a $1,370/mo payment preserves $146/mo for cash returns. Annual cash flow comes to $1,749/yr on $92,787 deployed, and return on cash invested reaches 21.79% in year one. Equity gained on principal adds $1,806/yr, and five-year appreciation sums $77,331 alongside rental yield of 8.11%. Five-year ROI measures 113.02% and total cumulative return in cash totals $104,869.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,892/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39046, Canton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,163 (100%) |
| Owner Occupied HU | 8,497 (64.6%) |
| Renter Occupied HU | 3,320 (25.2%) |
| Vacant Housing Units | 1,346 (10.2%) |
| Median Home Value | $261,839 |
| Average Home Value | $292,983 |
Housing Distribution
Address Breakdown
Residential
12,583
Single Family
10,324
Multi-Family
2,259
Businesses
927
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Nearby investment properties with comparable prices
Listed by: Chad Robinson • Keystone Realty Corporation
Mls Name: MLS United
Mls ID: #4090413
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.