3721 Highway 29 SOvettMS39464
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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 Ovett at 3721 Highway 29 S, Ovett, MS, 39464 listed at $265,000 pairs $2,431/mo rent with a $1,297/mo payment to leave $809/mo cash flow. Total monthly income runs $2,431/mo, and annual cash flow reaches $9,712/yr on $87,848 cash to close. Return on cash invested measures 30.97% in year one, and rental yield registers 11.01% at a $265,000 basis. Equity gained on principal adds $1,710/yr, and annual property appreciation at 5% supports $73,215 by year five. Five-year ROI tracks 162.07% and total cumulative return in cash totals $142,371. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,431/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
19.71 Acres lot
$N/A/sqft
No HOA
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Listed by: Chandler Farris • Farris Property Group
Mls Name: HSMLS
Mls Provider:
Mls ID: #142471
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.