303 Cotton Gin LnSaltilloMS38866
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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 Saltillo at 303 Cotton Gin Ln, Saltillo, MS, 38866 uses $158,789 cash to close to unlock $3,255/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $3,202/mo, and a $2,344/mo payment keeps the spread at $271/mo. Purchase price stands at $479,000, and rental yield measures 8.02% with $3,202/mo rent. Return on cash invested shows 21.96% in year one, and 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 113.75% and total cumulative return in cash records $180,627. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,202/mo property income covering a $2,344/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38866, Saltillo, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,595 (100%) |
| Owner Occupied HU | 3,981 (71.2%) |
| Renter Occupied HU | 1,062 (19.0%) |
| Vacant Housing Units | 552 ( 9.9%) |
| Median Home Value | $235,167 |
| Average Home Value | $246,466 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,995
Multi-Family
0
Businesses
286
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Listed by: Tab Cherry • COLDWELL BANKER SOUTHERN REAL ESTATE
Mls Name: NMMLS
Mls ID: #26-316