2906 Highway 15NewtonMS39345
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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 Newton at 2906 Highway 15, Newton, MS, 39345 earns $315/mo cash flow from $1,294/mo rent with a $783/mo payment. Total monthly income totals $1,294/mo, and annual cash flow totals $3,780/yr on $53,040 capital. ROI tracks 27.04% on current figures, and rental yield reads 9.71% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 140.95% and total cumulative return in cash sums $74,762. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,294/mo property income instead of your personal income.
Single Family
Built in 1967
9.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39345, Newton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,693 (100%) |
| Owner Occupied HU | 1,708 (63.4%) |
| Renter Occupied HU | 631 (23.4%) |
| Vacant Housing Units | 354 (13.1%) |
| Median Home Value | $111,066 |
| Average Home Value | $199,542 |
Housing Distribution
Address Breakdown
Residential
2,703
Single Family
2,587
Multi-Family
116
Businesses
329
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Listed by: Janet Culpepper • Triplett Realty Service
Mls Name: MLS United
Mls ID: #4126778