301 Hoy Farms DrMadisonMS39110
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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 Madison at 301 Hoy Farms Dr, Madison, MS, 39110 earns $880/mo cash flow from $3,983/mo rent with a $2,442/mo payment. Total monthly income totals $3,983/mo, and annual cash flow totals $10,562/yr on $165,419 capital. ROI tracks 26.29% on current figures, and rental yield reads 9.58% at a $499,000 purchase. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 over five years. Five-year ROI reaches 137.14% and total cumulative return in cash sums $226,854. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,983/mo property income instead of your personal income.
Single Family
Built in 2010
8,276 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39110, Madison, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,915 (100%) |
| Owner Occupied HU | 18,105 (90.9%) |
| Renter Occupied HU | 1,037 ( 5.2%) |
| Vacant Housing Units | 773 ( 3.9%) |
| Median Home Value | $380,092 |
| Average Home Value | $440,025 |
Housing Distribution
Address Breakdown
Residential
19,442
Single Family
19,299
Multi-Family
143
Businesses
1,117
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Listed by: Bethany E Foote • BHHS Gateway Real Estate
Mls Name: MLS United
Mls ID: #4087059
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.