3178 Old 8th Street Rd NMeridianMS39307
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
Investment property for sale in Meridian at 3178 Old 8th Street Rd N, Meridian, MS, 39307 uses $36,465 cash to close to unlock $2,319/yr annual cash flow and $193/mo monthly cash flow. Total monthly income runs $866/mo, and a $538/mo payment keeps the spread at $193/mo. Purchase price stands at $110,000, and rental yield measures 9.45% with $866/mo rent. Return on cash invested shows 26.27% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 136.96% and total cumulative return in cash records $49,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $866/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39307, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,027 (100%) |
| Owner Occupied HU | 3,642 (51.8%) |
| Renter Occupied HU | 2,320 (33.0%) |
| Vacant Housing Units | 1,065 (15.2%) |
| Median Home Value | $85,742 |
| Average Home Value | $127,675 |
Housing Distribution
Address Breakdown
Residential
6,621
Single Family
6,262
Multi-Family
359
Businesses
455
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula Richards • Dwell Realty Group, LLC
Mls Name: East Mississippi REALTORS
Mls ID: #25-828