342 Iroquois AveJacksonMS39206
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 Jackson at 342 Iroquois Ave, Jackson, MS, 39206 priced at $157,500 pairs $1,194/mo rent with $230/mo cash flow after a $771/mo payment. Total monthly income equals $1,194/mo, and annual cash flow comes to $2,761/yr on $52,211 invested. Return on cash invested is 25.2% in year one, and rental yield stands at 9.1% on a $157,500 basis. Equity gained on principal adds $1,016/yr, and 5% annual appreciation accumulates to $43,514 by year five. Five-year ROI measures 131.21% and total cumulative return in cash reaches $68,505. For financing, Ziffy Mortgage’s DSCR program evaluates $1,194/mo property income against a $771/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39206, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,980 (100%) |
| Owner Occupied HU | 4,894 (44.6%) |
| Renter Occupied HU | 4,491 (40.9%) |
| Vacant Housing Units | 1,595 (14.5%) |
| Median Home Value | $137,174 |
| Average Home Value | $186,725 |
Housing Distribution
Address Breakdown
Residential
10,678
Single Family
7,273
Multi-Family
3,405
Businesses
919
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Listed by: Mike Hoffman • Nix-Tann & Associates, Inc.
Mls Name: MLS United
Mls ID: #4127466