309 College StCarthageMS39051
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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 Carthage at 309 College St, Carthage, MS, 39051 listed at $205,000 pairs $1,461/mo rent with a $1,003/mo payment to leave $207/mo cash flow. Total monthly income runs $1,461/mo, and annual cash flow reaches $2,482/yr on $67,958 cash to close. Return on cash invested measures 23.56% in year one, and rental yield registers 8.55% at a $205,000 basis. Equity gained on principal adds $1,323/yr, and annual property appreciation at 5% supports $56,638 by year five. Five-year ROI tracks 122.34% and total cumulative return in cash totals $83,142. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,461/mo property income relative to a $1,003/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39051, Carthage, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,665 (100%) |
| Owner Occupied HU | 4,609 (69.2%) |
| Renter Occupied HU | 1,407 (21.1%) |
| Vacant Housing Units | 649 ( 9.7%) |
| Median Home Value | $130,250 |
| Average Home Value | $152,076 |
Housing Distribution
Address Breakdown
Residential
6,399
Single Family
6,176
Multi-Family
223
Businesses
564
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Listed by: Ariel R Kendrix • Britt Barnes Realty Group
Mls Name: MLS United
Mls ID: #4133515