319 2nd StColumbiaMS39429
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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 Columbia at 319 2nd St, Columbia, MS, 39429 uses $41,438 cash to close to unlock $35/yr annual cash flow and $3/mo monthly cash flow. Total monthly income runs $768/mo, and a $612/mo payment keeps the spread at $3/mo. Purchase price stands at $125,000, and rental yield measures 7.37% with $768/mo rent. Return on cash invested shows 19.99% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 103.19% and total cumulative return in cash records $42,761. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $768/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5,619 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39429, Columbia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,313 (100%) |
| Owner Occupied HU | 4,814 (65.8%) |
| Renter Occupied HU | 1,381 (18.9%) |
| Vacant Housing Units | 1,118 (15.3%) |
| Median Home Value | $157,194 |
| Average Home Value | $189,850 |
Housing Distribution
Address Breakdown
Residential
6,817
Single Family
6,526
Multi-Family
291
Businesses
712
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Listed by: Emily Griner • River Ridge Properties, LLC
Mls Name: HSMLS
Mls Provider:
Mls ID: #139067
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.