306 W Church StNewtonMS39345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newton at 306 W Church St, Newton, MS, 39345 offers a 9.36% rental yield on a $104,900 purchase with $818/mo rent. Total monthly income registers $818/mo, and a $513/mo payment leaves $177/mo available for distribution. Annual cash flow reaches $2,118/yr on $34,774 to close, and return on cash invested stands at 26% in year one. Equity gained on principal adds $677/yr while 5% annual appreciation supports $28,982 over five years. Portfolio math shows five-year ROI at 135.5% and total cumulative return in cash at $47,118. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $818/mo property income against a $513/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39345, Newton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,693 (100%) |
| Owner Occupied HU | 1,708 (63.4%) |
| Renter Occupied HU | 631 (23.4%) |
| Vacant Housing Units | 354 (13.1%) |
| Median Home Value | $111,066 |
| Average Home Value | $199,542 |
Housing Distribution
Address Breakdown
Residential
2,703
Single Family
2,587
Multi-Family
116
Businesses
329
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Listed by: Shirley Hairston-Knox • Prep Real Estate Services,LLC
Mls Name: East Mississippi REALTORS
Mls ID: #25-895