400 Manchester AveNew AlbanyMS38652
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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 New Albany at 400 Manchester Ave, New Albany, MS, 38652 uses $56,024 cash to close to unlock $7,236/yr annual cash flow and $603/mo monthly cash flow. Total monthly income runs $1,637/mo, and a $827/mo payment keeps the spread at $603/mo. Purchase price stands at $169,000, and rental yield measures 11.62% with $1,637/mo rent. Return on cash invested shows 32.82% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 171.99% and total cumulative return in cash records $96,355. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,637/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,643 (100%) |
| Owner Occupied HU | 5,086 (66.5%) |
| Renter Occupied HU | 1,831 (24.0%) |
| Vacant Housing Units | 726 ( 9.5%) |
| Median Home Value | $176,246 |
| Average Home Value | $225,845 |
Housing Distribution
Address Breakdown
Residential
7,117
Single Family
6,950
Multi-Family
167
Businesses
843
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Listed by: Frankie McMillin • Palmer-Brown Real Estate Group, LLC
Mls Name: NMMLS
Mls ID: #25-3001