2498 Highway 16 WCarthageMS39051
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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
Investment property for sale in Carthage at 2498 Highway 16 W, Carthage, MS, 39051 uses $74,588 cash to close to unlock $5,356/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $1,823/mo, and a $1,101/mo payment keeps the spread at $446/mo. Purchase price stands at $225,000, and rental yield measures 9.72% with $1,823/mo rent. Return on cash invested shows 27.09% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 141.3% and total cumulative return in cash records $105,393. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,823/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1973
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39051, Carthage, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,665 (100%) |
| Owner Occupied HU | 4,609 (69.2%) |
| Renter Occupied HU | 1,407 (21.1%) |
| Vacant Housing Units | 649 ( 9.7%) |
| Median Home Value | $130,250 |
| Average Home Value | $152,076 |
Housing Distribution
Address Breakdown
Residential
6,399
Single Family
6,176
Multi-Family
223
Businesses
564
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Listed by: Brad Williford • Hopper Properties
Mls Name: MLS United
Mls ID: #4119601
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.