306 N 2nd StBaldwynMS38824
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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 Baldwyn at 306 N 2nd St, Baldwyn, MS, 38824 uses $58,013 cash to close to unlock $1,171/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $1,169/mo, and a $857/mo payment keeps the spread at $98/mo. Purchase price stands at $175,000, and rental yield measures 8.02% with $1,169/mo rent. Return on cash invested shows 21.93% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 113.59% and total cumulative return in cash records $65,899. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,169/mo property income covering a $857/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38824, Baldwyn, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,535 (100%) |
| Owner Occupied HU | 2,350 (66.5%) |
| Renter Occupied HU | 755 (21.4%) |
| Vacant Housing Units | 430 (12.2%) |
| Median Home Value | $140,030 |
| Average Home Value | $164,996 |
Housing Distribution
Address Breakdown
Residential
3,470
Single Family
3,403
Multi-Family
67
Businesses
226
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Listed by: Justin M. Tapp • Compass Realty Group,LLC&DreamTree Forestry & Farms,LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-2288
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.