284 Joe McWilliams RdMeridianMS39301
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 Meridian at 284 Joe McWilliams Rd, Meridian, MS, 39301 priced at $199,900 converts $1,140/mo rent into after a $978/mo obligation. Total monthly income equals $1,140/mo. Return on cash invested prints 18.41% in year one, and rental yield reads 6.84% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 94.76% and total cumulative return in cash sums $62,797. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,140/mo property income covering a $978/mo payment, not borrower’s personal income.
Manufactured
Built in 2011
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39301, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,092 (100%) |
| Owner Occupied HU | 5,987 (54.0%) |
| Renter Occupied HU | 3,494 (31.5%) |
| Vacant Housing Units | 1,611 (14.5%) |
| Median Home Value | $133,088 |
| Average Home Value | $178,415 |
Housing Distribution
Address Breakdown
Residential
10,675
Single Family
9,305
Multi-Family
1,370
Businesses
1,485
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BJ LEWIS • B J LEWIS REAL ESTATE CO
Mls Name: East Mississippi REALTORS
Mls ID: #25-797