298 Briarwood BlvdMeridianMS39305
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 Meridian at 298 Briarwood Blvd, Meridian, MS, 39305 priced at $289,000 converts $2,627/mo rent into $858/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,627/mo, and annual cash flow totals $10,296/yr on $95,804 invested. Return on cash invested prints 30.66% in year one, and rental yield reads 10.91% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 160.38% and total cumulative return in cash sums $153,650. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,627/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39305, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,272 (100%) |
| Owner Occupied HU | 5,740 (61.9%) |
| Renter Occupied HU | 2,607 (28.1%) |
| Vacant Housing Units | 925 ( 10.0%) |
| Median Home Value | $200,329 |
| Average Home Value | $300,961 |
Housing Distribution
Address Breakdown
Residential
9,023
Single Family
7,552
Multi-Family
1,471
Businesses
405
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Listed by: STEVE COREY • PIGFORD & COREY REALTORS
Mls Name: East Mississippi REALTORS
Mls ID: #25-1047