318 Martin Luther King StOkolonaMS38860
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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 Okolona at 318 Martin Luther King St, Okolona, MS, 38860 uses $55,858 cash to close to unlock $2,875/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $1,271/mo, and a $825/mo payment keeps the spread at $240/mo. Purchase price stands at $168,500, and rental yield measures 9.05% with $1,271/mo rent. Return on cash invested shows 25.06% in year one, and 5% annual appreciation builds toward $46,553 over five years. Five-year ROI reaches 130.39% and total cumulative return in cash records $72,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,271/mo property income covering a $825/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38860, Okolona, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,740 (100%) |
| Owner Occupied HU | 1,710 (62.4%) |
| Renter Occupied HU | 625 (22.8%) |
| Vacant Housing Units | 405 (14.8%) |
| Median Home Value | $110,762 |
| Average Home Value | $145,300 |
Housing Distribution
Address Breakdown
Residential
2,417
Single Family
2,310
Multi-Family
107
Businesses
161
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Listed by: Kim Rochelle Collins • Crye-Leike Realtors
Mls Name: NMMLS
Mls ID: #25-3441