2616 17th Ave NColumbusMS39701
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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 Columbus at 2616 17th Ave N, Columbus, MS, 39701 offers a 11.36% rental yield on a $120,000 purchase with $1,136/mo rent. Total monthly income registers $1,136/mo, and a $587/mo payment leaves $402/mo available for distribution. Annual cash flow reaches $4,824/yr on $39,780 to close, and return on cash invested stands at 32.04% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 167.8% and total cumulative return in cash at $66,751. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,136/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
8,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39701, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,296 (100%) |
| Owner Occupied HU | 2,797 (44.4%) |
| Renter Occupied HU | 2,454 (39.0%) |
| Vacant Housing Units | 1,045 (16.6%) |
| Median Home Value | $162,752 |
| Average Home Value | $251,956 |
Housing Distribution
Address Breakdown
Residential
5,834
Single Family
5,729
Multi-Family
105
Businesses
648
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Listed by: Raven Phinizee • LEGACY REAL ESTATE GROUP
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-832
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.