309 Vance StColumbusMS39702
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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
Rental property for sale in Columbus at 309 Vance St, Columbus, MS, 39702 priced at $100,000 converts $787/mo rent into $137/mo cash flow after a $489/mo obligation. Total monthly income equals $787/mo, and annual cash flow totals $1,644/yr on $33,150 invested. Return on cash invested prints 24.87% in year one, and rental yield reads 9.44% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 129.86% and total cumulative return in cash sums $43,048. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $787/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39702, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,496 (100%) |
| Owner Occupied HU | 6,299 (66.3%) |
| Renter Occupied HU | 2,493 (26.3%) |
| Vacant Housing Units | 704 ( 7.4%) |
| Median Home Value | $153,354 |
| Average Home Value | $192,579 |
Housing Distribution
Address Breakdown
Residential
9,258
Single Family
8,523
Multi-Family
735
Businesses
512
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Listed by: Donta Yates • CRYE-LEIKE PROPERTIES UNLIMITED
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-750
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.