371 Highway 504NewtonMS39345
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
Investment property for sale in Newton at 371 Highway 504, Newton, MS, 39345 listed at $429,000 pairs $1,655/mo rent with a $2,100/mo payment. Total monthly income runs $1,655/mo. Return on cash invested measures 11.72% in year one, and rental yield registers 4.63% at a $429,000 basis. Equity gained on principal adds $2,768/yr, and annual property appreciation at 5% supports $118,525 by year five. Five-year ROI tracks 58.85% and total cumulative return in cash totals $83,689. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,655/mo property income relative to a $2,100/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
139 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39345, Newton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,693 (100%) |
| Owner Occupied HU | 1,708 (63.4%) |
| Renter Occupied HU | 631 (23.4%) |
| Vacant Housing Units | 354 (13.1%) |
| Median Home Value | $111,066 |
| Average Home Value | $199,542 |
Housing Distribution
Address Breakdown
Residential
2,703
Single Family
2,587
Multi-Family
116
Businesses
329
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Nearby investment properties with comparable prices
Listed by: Jim Walley • Walley Properties, LLC
Mls Name: My State MLS
Mls ID: #11511499