316 5th Ave SColumbusMS39701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 316 5th Ave S, Columbus, MS, 39701 priced at $189,500 converts $1,507/mo rent into $347/mo cash flow after a $928/mo obligation. Total monthly income equals $1,507/mo, and annual cash flow totals $4,162/yr on $62,819 invested. Return on cash invested prints 26.54% in year one, and rental yield reads 9.54% against a $189,500 entry. Equity gained on principal adds $1,223/yr, while 5% annual appreciation compiles into $52,355 by year five. Five-year ROI reaches 138.28% and total cumulative return in cash sums $86,867. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,507/mo property income covering a $928/mo payment, not borrower’s personal income.
Single Family
Built in 1940
8,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39701, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,296 (100%) |
| Owner Occupied HU | 2,797 (44.4%) |
| Renter Occupied HU | 2,454 (39.0%) |
| Vacant Housing Units | 1,045 (16.6%) |
| Median Home Value | $162,752 |
| Average Home Value | $251,956 |
Housing Distribution
Address Breakdown
Residential
5,834
Single Family
5,729
Multi-Family
105
Businesses
648
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Forrester • COLDWELL BANKER WEST REALTY
Mls Name: Greater Golden Triangle Realtors
Mls ID: #24-1232
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.