289 County Road 298BurnsvilleMS38833
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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 Burnsville at 289 County Road 298, Burnsville, MS, 38833 generates $1,080/mo in rent and, after a $680/mo payment, leaves $230/mo in cash flow. Total monthly income is $1,080/mo, and annual cash flow is $2,757/yr on $46,079 invested. Return on cash invested sits at 25.89% in year one, and rental yield is 9.32% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 134.84% and total cumulative return in cash sums $62,132. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38833, Burnsville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,184 (100%) |
| Owner Occupied HU | 755 (63.8%) |
| Renter Occupied HU | 221 (18.7%) |
| Vacant Housing Units | 208 (17.6%) |
| Median Home Value | $150,130 |
| Average Home Value | $290,000 |
Housing Distribution
Address Breakdown
Residential
1,027
Single Family
1,003
Multi-Family
24
Businesses
66
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Listed by: Debra Kay • Property Pros
Mls Name: NMMLS
Mls ID: #25-4104