3151 Highway 496MeridianMS39301
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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 Meridian at 3151 Highway 496, Meridian, MS, 39301 uses $48,034 cash to close to unlock $6,150/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $1,399/mo, and a $709/mo payment keeps the spread at $513/mo. Purchase price stands at $144,900, and rental yield measures 11.59% with $1,399/mo rent. Return on cash invested shows 32.71% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 171.45% and total cumulative return in cash records $82,357. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,399/mo property income covering a $709/mo payment rather than investor’s personal income.
Single Family
Built in 1922
1.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39301, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,092 (100%) |
| Owner Occupied HU | 5,987 (54.0%) |
| Renter Occupied HU | 3,494 (31.5%) |
| Vacant Housing Units | 1,611 (14.5%) |
| Median Home Value | $133,088 |
| Average Home Value | $178,415 |
Housing Distribution
Address Breakdown
Residential
10,675
Single Family
9,305
Multi-Family
1,370
Businesses
1,485
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Listed by: Jenny Ziemba MRP, PSA, e-PRO • HILL REAL ESTATE GROUP, LLC
Mls Name: East Mississippi REALTORS
Mls ID: #25-371