302 4th Ave SWMageeMS39111
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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 Magee at 302 4th Ave SW, Magee, MS, 39111 uses $43,062 cash to close to unlock $3,418/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $636/mo payment keeps the spread at $285/mo. Purchase price stands at $129,900, and rental yield measures 9.98% with $1,080/mo rent. Return on cash invested shows 27.85% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 145.32% and total cumulative return in cash records $62,575. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39111, Magee, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 2,485 (60.9%) |
| Renter Occupied HU | 996 (24.4%) |
| Vacant Housing Units | 600 (14.7%) |
| Median Home Value | $155,105 |
| Average Home Value | $163,878 |
Housing Distribution
Address Breakdown
Residential
3,972
Single Family
3,650
Multi-Family
322
Businesses
586
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Listed by: Chris Curlee • Main Street Realty LLC
Mls Name: MLS United
Mls ID: #4100420
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.