321 Lafayette StColumbiaMS39429
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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 Columbia at 321 Lafayette St, Columbia, MS, 39429 offers a 8.81% rental yield on a $169,000 purchase with $1,241/mo rent. Total monthly income registers $1,241/mo, and a $827/mo payment leaves $207/mo available for distribution. Annual cash flow reaches $2,484/yr on $56,024 to close, and return on cash invested stands at 24.34% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 126.5% and total cumulative return in cash at $70,867. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,241/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1950
0.33 Acres 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: Barry L. Monday • RE/MAX Real Estate Partners
Mls Name: HSMLS
Mls ID: #145404