266 Smede StHickoryMS39332
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
Rental property for sale in Hickory at 266 Smede St, Hickory, MS, 39332 priced at $124,900 pairs $982/mo rent with $218/mo cash flow after a $611/mo payment. Total monthly income equals $982/mo, and annual cash flow comes to $2,616/yr on $41,404 invested. Return on cash invested is 26.23% in year one, and rental yield stands at 9.43% on a $124,900 basis. Equity gained on principal adds $806/yr, and 5% annual appreciation accumulates to $34,508 by year five. Five-year ROI measures 136.62% and total cumulative return in cash reaches $56,566. For financing, Ziffy Mortgage’s DSCR program evaluates $982/mo property income against a $611/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39332, Hickory, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 859 (100%) |
| Owner Occupied HU | 635 (73.9%) |
| Renter Occupied HU | 101 (11.8%) |
| Vacant Housing Units | 123 (14.3%) |
| Median Home Value | $135,049 |
| Average Home Value | $170,244 |
Housing Distribution
Address Breakdown
Residential
692
Single Family
692
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LAURIE Taylor COBB • PIGFORD & COREY REALTORS
Mls Name: East Mississippi REALTORS
Mls ID: #25-246