3002 Grandview AveMeridianMS39305
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
Investment property for sale in Meridian at 3002 Grandview Ave, Meridian, MS, 39305 uses $44,090 cash to close to unlock $2,305/yr annual cash flow and $192/mo monthly cash flow. Total monthly income runs $1,006/mo, and a $651/mo payment keeps the spread at $192/mo. Purchase price stands at $133,000, and rental yield measures 9.08% with $1,006/mo rent. Return on cash invested shows 25.14% in year one, and 5% annual appreciation builds toward $36,745 over five years. Five-year ROI reaches 130.88% and total cumulative return in cash records $57,705. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,006/mo property income covering a $651/mo payment rather than investor’s personal income.
Single Family
Built in 1960
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Terry G Winstead • WINSTEAD REALTY
Mls Name: East Mississippi REALTORS
Mls ID: #25-944