2874 Highway 16 ECarthageMS39051
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 Carthage at 2874 Highway 16 E, Carthage, MS, 39051 generates $1,982/mo in rent and, after a $1,076/mo payment, leaves $637/mo in cash flow. Total monthly income is $1,982/mo, and annual cash flow is $7,639/yr on $72,897 invested. Return on cash invested sits at 30.39% in year one, and rental yield is 10.82% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 158.94% and total cumulative return in cash sums $115,864. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,982/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39051, Carthage, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,665 (100%) |
| Owner Occupied HU | 4,609 (69.2%) |
| Renter Occupied HU | 1,407 (21.1%) |
| Vacant Housing Units | 649 ( 9.7%) |
| Median Home Value | $130,250 |
| Average Home Value | $152,076 |
Housing Distribution
Address Breakdown
Residential
6,399
Single Family
6,176
Multi-Family
223
Businesses
564
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Listed by: Renee Grimes • Southern Homes Real Estate
Mls Name: MLS United
Mls ID: #4100565
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.