3491A Highway 32CharlestonMS38921
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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 Charleston at 3491A Highway 32, Charleston, MS, 38921 generates $961/mo in rent and, after a $611/mo payment, leaves $197/mo in cash flow. Total monthly income is $961/mo, and annual cash flow is $2,364/yr on $41,404 invested. Return on cash invested sits at 25.62% in year one, and rental yield is 9.23% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 133.34% and total cumulative return in cash sums $55,210. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $961/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38921, Charleston, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,264 (100%) |
| Owner Occupied HU | 1,369 (60.5%) |
| Renter Occupied HU | 582 (25.7%) |
| Vacant Housing Units | 313 (13.8%) |
| Median Home Value | $95,431 |
| Average Home Value | $110,082 |
Housing Distribution
Address Breakdown
Residential
1,656
Single Family
1,625
Multi-Family
31
Businesses
170
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Listed by: George Speir • Delta Sunset Realty, Inc.
Mls Name: My State MLS
Mls ID: #11355434