323 Old Payne PlSaltilloMS38866
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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
Rental property for sale in Saltillo at 323 Old Payne Pl, Saltillo, MS, 38866 generates $3,678/mo in rent and, after a $2,296/mo payment, leaves $807/mo in cash flow. Total monthly income is $3,678/mo, and annual cash flow is $9,690/yr on $155,474 invested. Return on cash invested sits at 26.14% in year one, and rental yield is 9.41% on a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 136.19% and total cumulative return in cash sums $211,735. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,678/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38866, Saltillo, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,595 (100%) |
| Owner Occupied HU | 3,981 (71.2%) |
| Renter Occupied HU | 1,062 (19.0%) |
| Vacant Housing Units | 552 ( 9.9%) |
| Median Home Value | $235,167 |
| Average Home Value | $246,466 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,995
Multi-Family
0
Businesses
286
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Listed by: Beth Walker • Crye-Leike Realtors
Mls Name: NMMLS
Mls ID: #25-2454