283 Megan LnColumbusMS39705
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 283 Megan Ln, Columbus, MS, 39705 in Columbus fits: $409,900, 5.57% gross yield, and a projected 5% annual appreciation rate adding $113,248 in value within five years. Rental yield 5.57%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.03) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $3,775/yr in principal paydown and $113,248 in appreciation project a total return of $116,372.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 7.2% |
| Monthly Cash Flow | $(605) | $450 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,903 |
| Total Monthly Debt Service | $2,345 |
| DSCR Ratio | 0.81x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1994
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39705, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,554 (100%) |
| Owner Occupied HU | 3,494 (53.3%) |
| Renter Occupied HU | 2,286 (34.9%) |
| Vacant Housing Units | 774 (11.8%) |
| Median Home Value | $239,766 |
| Average Home Value | $273,247 |
Housing Distribution
Address Breakdown
Residential
6,617
Single Family
5,542
Multi-Family
1,075
Businesses
832
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
Single Family
Built in 1994
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39705, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,554 (100%) |
| Owner Occupied HU | 3,494 (53.3%) |
| Renter Occupied HU | 2,286 (34.9%) |
| Vacant Housing Units | 774 (11.8%) |
| Median Home Value | $239,766 |
| Average Home Value | $273,247 |
Housing Distribution
Address Breakdown
Residential
6,617
Single Family
5,542
Multi-Family
1,075
Businesses
832
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael E. Davis • RE/MAX PARTNERS
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-1255
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.