302 E South St,Merigold,MS,38759

Investment Highlights

Rental property for sale in Merigold at 302 E South St, Merigold, MS, 38759 offers $1,111/mo rent that, after a $492/mo payment, leaves $496/mo cash flow. Total monthly income is $1,111/mo, and annual cash flow is $5,951/yr on $33,316 cash. Return on cash invested measures 37.77% in year one, and rental yield stands at 13.27% at a $100,500 entry. Equity gained on principal adds $649/yr while 5% annual appreciation compounds into $27,766 by year five. Five-year ROI records 198.55% and total cumulative return in cash reaches $66,149. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,111/mo property income versus a $492/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.