315 Melrose DrJacksonMS39211
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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 Jackson at 315 Melrose Dr, Jackson, MS, 39211 offers $2,098/mo rent that, after a $1,077/mo payment, leaves $752/mo cash flow. Total monthly income is $2,098/mo, and annual cash flow is $9,018/yr on $72,930 cash. Return on cash invested measures 32.27% in year one, and rental yield stands at 11.44% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 169.08% and total cumulative return in cash reaches $123,311. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,098/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39211, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,274 (100%) |
| Owner Occupied HU | 7,361 (60.0%) |
| Renter Occupied HU | 3,706 (30.2%) |
| Vacant Housing Units | 1,207 ( 9.8%) |
| Median Home Value | $246,919 |
| Average Home Value | $314,842 |
Housing Distribution
Address Breakdown
Residential
11,786
Single Family
8,928
Multi-Family
2,858
Businesses
739
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Listed by: Daniel Ward • RE/MAX Connection
Mls Name: MLS United
Mls ID: #4101432
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.