29 Lenox LnColumbusMS39702
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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 Columbus at 29 Lenox Ln, Columbus, MS, 39702 priced at $399,000 pairs $2,819/mo rent with $377/mo cash flow after a $1,953/mo payment. Total monthly income equals $2,819/mo, and annual cash flow comes to $4,527/yr on $132,269 invested. Return on cash invested is 23.33% in year one, and rental yield stands at 8.48% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 121.13% and total cumulative return in cash reaches $160,214. For financing, Ziffy Mortgage’s DSCR program evaluates $2,819/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39702, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,496 (100%) |
| Owner Occupied HU | 6,299 (66.3%) |
| Renter Occupied HU | 2,493 (26.3%) |
| Vacant Housing Units | 704 ( 7.4%) |
| Median Home Value | $153,354 |
| Average Home Value | $192,579 |
Housing Distribution
Address Breakdown
Residential
9,258
Single Family
8,523
Multi-Family
735
Businesses
512
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Listed by: JANICE YOUNG MATTHEWS • ERA TOWN & CAMPUS REALTY (COL)
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-2365