324 Riceville RdMcHenryMS39561
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
Rental property for sale in McHenry at 324 Riceville Rd, McHenry, MS, 39561 priced at $394,900 converts $2,299/mo rent into after a $1,933/mo obligation. Total monthly income equals $2,299/mo. Return on cash invested prints 18.83% in year one, and rental yield reads 6.99% against a $394,900 entry. Equity gained on principal adds $2,548/yr, while 5% annual appreciation compiles into $109,104 by year five. Five-year ROI reaches 96.98% and total cumulative return in cash sums $126,959. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,299/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 2024
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39561, Mc Henry, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 987 (100%) |
| Owner Occupied HU | 779 (78.9%) |
| Renter Occupied HU | 132 (13.4%) |
| Vacant Housing Units | 76 ( 7.7%) |
| Median Home Value | $204,474 |
| Average Home Value | $243,091 |
Housing Distribution
Address Breakdown
Residential
905
Single Family
905
Multi-Family
0
Businesses
27
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Nearby investment properties with comparable prices
Listed by: Joe T Edenfield • Stars and Stripes Realty, LLC.
Mls Name: MLS United
Mls ID: #4082345
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.