311 Range AvePhiladelphiaMS39350
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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 Philadelphia at 311 Range Ave, Philadelphia, MS, 39350 uses $48,068 cash to close to unlock $2,704/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,113/mo, and a $710/mo payment keeps the spread at $225/mo. Purchase price stands at $145,000, and rental yield measures 9.21% with $1,113/mo rent. Return on cash invested shows 25.54% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 132.98% and total cumulative return in cash records $63,920. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,113/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39350, Philadelphia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,916 (100%) |
| Owner Occupied HU | 6,793 (68.5%) |
| Renter Occupied HU | 2,174 (21.9%) |
| Vacant Housing Units | 949 ( 9.6%) |
| Median Home Value | $115,180 |
| Average Home Value | $151,753 |
Housing Distribution
Address Breakdown
Residential
9,593
Single Family
9,279
Multi-Family
314
Businesses
955
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Listed by: Melissa Phillips • Phillips Appraisal & Realty
Mls Name: East Mississippi REALTORS
Mls ID: #25-1071