255 College AveVeronaMS38879
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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 Verona at 255 College Ave, Verona, MS, 38879 with 5% annual appreciation on a $135,000 basis while $1,019/mo rent supports operations. Total monthly income totals $1,019/mo and a $661/mo payment preserves $193/mo for cash returns. Annual cash flow comes to $2,311/yr on $44,753 deployed, and return on cash invested reaches 25.07% in year one. Equity gained on principal adds $871/yr, and five-year appreciation sums $37,298 alongside rental yield of 9.06%. Five-year ROI measures 130.51% and total cumulative return in cash totals $58,405.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,019/mo property income versus a $661/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38879, Verona, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8 (100%) |
| Owner Occupied HU | 1 (12.5%) |
| Renter Occupied HU | 2 (25.0%) |
| Vacant Housing Units | 5 (62.5%) |
| Median Home Value | $137,500 |
| Average Home Value | $137,500 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
79
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Listed by: Sarah Hoing • TM REALTORS
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-5
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.