332 Coles Point RdBatesvilleMS38606
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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 Batesville at 332 Coles Point Rd, Batesville, MS, 38606 priced at $115,000 converts $971/mo rent into $267/mo cash flow after a $563/mo obligation. Total monthly income equals $971/mo, and annual cash flow totals $3,205/yr on $38,123 invested. Return on cash invested prints 28.32% in year one, and rental yield reads 10.13% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 147.97% and total cumulative return in cash sums $56,409. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $971/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1974
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38606, Batesville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,467 (100%) |
| Owner Occupied HU | 4,351 (67.3%) |
| Renter Occupied HU | 1,419 (21.9%) |
| Vacant Housing Units | 697 (10.8%) |
| Median Home Value | $178,967 |
| Average Home Value | $221,565 |
Housing Distribution
Address Breakdown
Residential
6,257
Single Family
5,958
Multi-Family
299
Businesses
830
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Listed by: Whit Tidwell • Batesville Realty
Mls Name: NCMBR
Mls Provider:
Mls ID: #159717
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.