346 Sharon Hills DrJacksonMS39212
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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 Jackson at 346 Sharon Hills Dr, Jackson, MS, 39212 generates $1,152/mo in rent and, after a $710/mo payment, leaves $185/mo in cash flow. Total monthly income is $1,152/mo, and annual cash flow is $2,221/yr on $48,068 invested. Return on cash invested sits at 24.53% in year one, and rental yield is 9.53% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 128.34% and total cumulative return in cash sums $61,688. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,152/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39212, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,537 (100%) |
| Owner Occupied HU | 7,031 (56.1%) |
| Renter Occupied HU | 3,894 (31.1%) |
| Vacant Housing Units | 1,612 (12.9%) |
| Median Home Value | $119,083 |
| Average Home Value | $166,295 |
Housing Distribution
Address Breakdown
Residential
11,563
Single Family
9,991
Multi-Family
1,572
Businesses
367
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Listed by: Vernell F Lewis • Greener Living Real Estate, LLC
Mls Name: MLS United
Mls ID: #4062504
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.