2509 County Road 302GreenwoodMS38930
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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 Greenwood at 2509 County Road 302, Greenwood, MS, 38930 listed at $145,000 pairs $1,242/mo rent with a $710/mo payment to leave $354/mo cash flow. Total monthly income runs $1,242/mo, and annual cash flow reaches $4,252/yr on $48,068 cash to close. Return on cash invested measures 28.76% in year one, and rental yield registers 10.28% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 150.23% and total cumulative return in cash totals $72,212. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,242/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38930, Greenwood, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,411 (100%) |
| Owner Occupied HU | 5,250 (50.4%) |
| Renter Occupied HU | 3,877 (37.2%) |
| Vacant Housing Units | 1,284 (12.3%) |
| Median Home Value | $105,816 |
| Average Home Value | $170,594 |
Housing Distribution
Address Breakdown
Residential
9,617
Single Family
8,740
Multi-Family
877
Businesses
1,138
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Listed by: Elecia Elmore • Powers Properties
Mls Name: MLS United
Mls ID: #4083096
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.