2400 Smith County Rd #51Mount OliveMS39119
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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 Mount Olive at 2400 Smith County Rd #51, Mount Olive, MS, 39119 listed at $247,300 pairs $2,100/mo rent with a $1,210/mo payment to leave $587/mo cash flow. Total monthly income runs $2,100/mo, and annual cash flow reaches $7,045/yr on $81,980 cash to close. Return on cash invested measures 28.5% in year one, and rental yield registers 10.19% at a $247,300 basis. Equity gained on principal adds $1,596/yr, and annual property appreciation at 5% supports $68,324 by year five. Five-year ROI tracks 148.9% and total cumulative return in cash totals $122,066. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,100/mo property income relative to a $1,210/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39119, Mount Olive, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,385 (100%) |
| Owner Occupied HU | 1,656 (69.4%) |
| Renter Occupied HU | 359 (15.1%) |
| Vacant Housing Units | 370 (15.5%) |
| Median Home Value | $119,605 |
| Average Home Value | $170,157 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
2,142
Multi-Family
45
Businesses
81
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Listed by: N/A • N/A
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Mls ID: #N/A