278 Converse DrWest PointMS39773
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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 West Point at 278 Converse Dr, West Point, MS, 39773 earns $582/mo cash flow from $1,805/mo rent with a $978/mo payment. Total monthly income totals $1,805/mo, and annual cash flow totals $6,985/yr on $66,267 capital. ROI tracks 30.45% on current figures, and rental yield reads 10.84% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 159.34% and total cumulative return in cash sums $105,589. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,805/mo property income instead of your personal income.
Single Family
Built in 1965
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39773, West Point, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,167 (100%) |
| Owner Occupied HU | 4,436 (61.9%) |
| Renter Occupied HU | 1,800 (25.1%) |
| Vacant Housing Units | 931 (13.0%) |
| Median Home Value | $128,292 |
| Average Home Value | $204,758 |
Housing Distribution
Address Breakdown
Residential
6,801
Single Family
6,463
Multi-Family
338
Businesses
719
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Listed by: JANE S MEEKS • HOMETOWN REALTY
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-2256