346 HighwayThaxtonMS38871
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 Thaxton at 346 Highway, Thaxton, MS, 38871 priced at $188,100 converts $1,364/mo rent into $213/mo cash flow after a $921/mo obligation. Total monthly income equals $1,364/mo, and annual cash flow totals $2,551/yr on $62,355 invested. Return on cash invested prints 24% in year one, and rental yield reads 8.7% against a $188,100 entry. Equity gained on principal adds $1,214/yr, while 5% annual appreciation compiles into $51,969 by year five. Five-year ROI reaches 124.71% and total cumulative return in cash sums $77,764. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,364/mo property income covering a $921/mo payment, not borrower’s personal income.
Single Family
Built in N/A
34.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38871, Thaxton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 926 (100%) |
| Owner Occupied HU | 708 (76.5%) |
| Renter Occupied HU | 149 (16.1%) |
| Vacant Housing Units | 69 ( 7.5%) |
| Median Home Value | $159,274 |
| Average Home Value | $185,629 |
Housing Distribution
Address Breakdown
Residential
899
Single Family
899
Multi-Family
0
Businesses
29
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Nearby investment properties with comparable prices
Listed by: Luke Gossett • SmallTown Properties
Mls Name: REALSTACK
Mls ID: #90469