2880 Oak Forest DrJacksonMS39212
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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 Jackson at 2880 Oak Forest Dr, Jackson, MS, 39212 uses $36,465 cash to close to unlock $2,427/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $875/mo, and a $538/mo payment keeps the spread at $202/mo. Purchase price stands at $110,000, and rental yield measures 9.55% with $875/mo rent. Return on cash invested shows 26.56% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 138.54% and total cumulative return in cash records $50,520. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $875/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39212, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,537 (100%) |
| Owner Occupied HU | 7,031 (56.1%) |
| Renter Occupied HU | 3,894 (31.1%) |
| Vacant Housing Units | 1,612 (12.9%) |
| Median Home Value | $119,083 |
| Average Home Value | $166,295 |
Housing Distribution
Address Breakdown
Residential
11,563
Single Family
9,991
Multi-Family
1,572
Businesses
367
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Listed by: Joye Norwood • Keller Williams
Mls Name: MLS United
Mls ID: #4090446
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.