3840 Morton Rankin County Line Rd #1-11-13MortonMS39117
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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 Morton at 3840 Morton Rankin County Line Rd #1-11-13, Morton, MS, 39117 generates $2,508/mo in rent and, after a $1,713/mo payment, leaves $366/mo in cash flow. Total monthly income is $2,508/mo, and annual cash flow is $4,395/yr on $116,025 invested. Return on cash invested sits at 23.7% in year one, and rental yield is 8.6% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 123.1% and total cumulative return in cash sums $142,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,508/mo property income rather than buyer’s personal income.
Multi Family
Built in 1954
2.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39117, Morton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,252 (100%) |
| Owner Occupied HU | 2,897 (68.1%) |
| Renter Occupied HU | 858 (20.2%) |
| Vacant Housing Units | 497 (11.7%) |
| Median Home Value | $115,229 |
| Average Home Value | $173,523 |
Housing Distribution
Address Breakdown
Residential
4,187
Single Family
4,103
Multi-Family
84
Businesses
221
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Listed by: Terri R Jones • Simply Realty
Mls Name: MLS United
Mls ID: #4096220
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.