234 Joe Magee RdColumbiaMS39429
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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 Columbia at 234 Joe Magee Rd, Columbia, MS, 39429 priced at $225,000 pairs $1,586/mo rent with $209/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,586/mo, and annual cash flow comes to $2,512/yr on $74,588 invested. Return on cash invested is 23.28% in year one, and rental yield stands at 8.46% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 120.85% and total cumulative return in cash reaches $90,141. For financing, Ziffy Mortgage’s DSCR program evaluates $1,586/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1983
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39429, Columbia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,313 (100%) |
| Owner Occupied HU | 4,814 (65.8%) |
| Renter Occupied HU | 1,381 (18.9%) |
| Vacant Housing Units | 1,118 (15.3%) |
| Median Home Value | $157,194 |
| Average Home Value | $189,850 |
Housing Distribution
Address Breakdown
Residential
6,817
Single Family
6,526
Multi-Family
291
Businesses
712
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Listed by: Mary E Frelix • Mary Frelix Realty
Mls Name: HSMLS
Mls ID: #144759