305 3rd Ave NWMageeMS39111
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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 305 3rd Ave NW, Magee, MS, 39111 with 5% annual appreciation on a $156,500 basis while $1,984/mo rent supports operations. Total monthly income totals $1,984/mo and a $766/mo payment preserves $1,026/mo for cash returns. Annual cash flow comes to $12,315/yr on $51,880 deployed, and return on cash invested reaches 43.65% in year one. Equity gained on principal adds $1,010/yr, and five-year appreciation sums $43,238 alongside rental yield of 15.21%. Five-year ROI measures 230.11% and total cumulative return in cash totals $119,383.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,984/mo property income versus a $766/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1930
N/A 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A