3629 26th StMeridianMS39307
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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
Investment property for sale in Meridian at 3629 26th St, Meridian, MS, 39307 offers a 9.06% rental yield on a $119,900 purchase with $905/mo rent. Total monthly income registers $905/mo, and a $587/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,054/yr on $39,747 to close, and return on cash invested stands at 25.08% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 130.58% and total cumulative return in cash at $51,900. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $905/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
9,610 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39307, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,027 (100%) |
| Owner Occupied HU | 3,642 (51.8%) |
| Renter Occupied HU | 2,320 (33.0%) |
| Vacant Housing Units | 1,065 (15.2%) |
| Median Home Value | $85,742 |
| Average Home Value | $127,675 |
Housing Distribution
Address Breakdown
Residential
6,621
Single Family
6,262
Multi-Family
359
Businesses
455
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Listed by: BJ LEWIS • B J LEWIS REAL ESTATE CO
Mls Name: East Mississippi REALTORS
Mls ID: #25-857