262 Sparta RdHolcombMS38940
Nearby investment properties with comparable rents
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 Holcomb at 262 Sparta Rd, Holcomb, MS, 38940 offers a 8.08% rental yield on a $239,000 purchase with $1,609/mo rent. Total monthly income registers $1,609/mo, and a $1,170/mo payment leaves $146/mo available for distribution. Annual cash flow reaches $1,755/yr on $79,229 to close, and return on cash invested stands at 22.12% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 114.67% and total cumulative return in cash at $90,852. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,609/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
3.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38940, Holcomb, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,065 (100%) |
| Owner Occupied HU | 744 (69.9%) |
| Renter Occupied HU | 179 (16.8%) |
| Vacant Housing Units | 142 (13.3%) |
| Median Home Value | $160,556 |
| Average Home Value | $253,330 |
Housing Distribution
Address Breakdown
Residential
955
Single Family
955
Multi-Family
0
Businesses
26
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Listed by: Mary Ann Jackson • Landmark Realty
Mls Name: My State MLS
Mls ID: #11618979