261 Millville RdCantonMS39046
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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
Rental property for sale in Canton at 261 Millville Rd, Canton, MS, 39046 generates $3,854/mo in rent, after a $4,209/mo payment. Total monthly income is $3,854/mo. Return on cash invested sits at 14.09% in year one, and rental yield is 5.38% on a $859,900 entry. Equity gained on principal adds $5,549/yr, while 5% annual appreciation builds toward $237,575 over five years. Five-year ROI reaches 71.5% and total cumulative return in cash sums $202,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,854/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
92.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39046, Canton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,163 (100%) |
| Owner Occupied HU | 8,497 (64.6%) |
| Renter Occupied HU | 3,320 (25.2%) |
| Vacant Housing Units | 1,346 (10.2%) |
| Median Home Value | $261,839 |
| Average Home Value | $292,983 |
Housing Distribution
Address Breakdown
Residential
12,583
Single Family
10,324
Multi-Family
2,259
Businesses
927
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Listed by: Page Wolfe • Dream Home Properties
Mls Name: MLS United
Mls ID: #4096523
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.