243 Cotton Gin LnSaltilloMS38866
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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
Rental property for sale in Saltillo at 243 Cotton Gin Ln, Saltillo, MS, 38866 priced at $359,900 converts $2,549/mo rent into $346/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,549/mo, and annual cash flow totals $4,154/yr on $119,307 invested. Return on cash invested prints 23.39% in year one, and rental yield reads 8.5% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 121.45% and total cumulative return in cash sums $144,902. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,549/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38866, Saltillo, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,595 (100%) |
| Owner Occupied HU | 3,981 (71.2%) |
| Renter Occupied HU | 1,062 (19.0%) |
| Vacant Housing Units | 552 ( 9.9%) |
| Median Home Value | $235,167 |
| Average Home Value | $246,466 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,995
Multi-Family
0
Businesses
286
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Listed by: Jacob Jolly • JASON WARREN AND ASSOCIATES, INC
Mls Name: NMMLS
Mls ID: #25-3189