358 Reed 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 358 Reed Ave, Jackson, MS, 39206 priced at $115,900 pairs $901/mo rent with $140/mo cash flow after a $567/mo payment. Total monthly income equals $901/mo, and annual cash flow comes to $1,677/yr on $38,421 invested. Return on cash invested is 24.27% in year one, and rental yield stands at 9.33% on a $115,900 basis. Equity gained on principal adds $748/yr, and 5% annual appreciation accumulates to $32,021 by year five. Five-year ROI measures 126.79% and total cumulative return in cash reaches $48,712. For financing, Ziffy Mortgage’s DSCR program evaluates $901/mo property income against a $567/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darouny Kommany • The Kommany Group LLC
Mls Name: MLS United
Mls ID: #4076808
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.