283 Coles Point RdBatesvilleMS38606
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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 Batesville at 283 Coles Point Rd, Batesville, MS, 38606 earns $162/mo cash flow from $1,508/mo rent with a $1,077/mo payment. Total monthly income totals $1,508/mo, and annual cash flow totals $1,938/yr on $72,930 capital. ROI tracks 22.57% on current figures, and rental yield reads 8.23% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 117.02% and total cumulative return in cash sums $85,343. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,508/mo property income instead of your personal income.
Single Family
Built in 1999
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38606, Batesville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,467 (100%) |
| Owner Occupied HU | 4,351 (67.3%) |
| Renter Occupied HU | 1,419 (21.9%) |
| Vacant Housing Units | 697 (10.8%) |
| Median Home Value | $178,967 |
| Average Home Value | $221,565 |
Housing Distribution
Address Breakdown
Residential
6,257
Single Family
5,958
Multi-Family
299
Businesses
830
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Listed by: Hudson Magee • Magee & Boone, LLC
Mls Name: NCMBR
Mls ID: #160903