2864 Highway 407KilmichaelMS39747
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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
Rental property for sale in Kilmichael at 2864 Highway 407, Kilmichael, MS, 39747 generates $1,502/mo in rent, after a $2,193/mo payment. Total monthly income is $1,502/mo. Return on cash invested sits at 9.89% in year one, and rental yield is 4.02% on a $448,000 entry. Equity gained on principal adds $2,891/yr, while 5% annual appreciation builds toward $123,774 over five years. Five-year ROI reaches 49.06% and total cumulative return in cash sums $72,854. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,502/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39747, Kilmichael, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 911 (100%) |
| Owner Occupied HU | 602 (66.1%) |
| Renter Occupied HU | 105 (11.5%) |
| Vacant Housing Units | 204 (22.4%) |
| Median Home Value | $122,685 |
| Average Home Value | $161,366 |
Housing Distribution
Address Breakdown
Residential
702
Single Family
702
Multi-Family
0
Businesses
46
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Listed by: Pam Powers • Powers Properties
Mls Name: MLS United
Mls ID: #4123304