4006 Old Canton LnJacksonMS39206
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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 Jackson at 4006 Old Canton Ln, Jackson, MS, 39206 offers a 11.42% rental yield on a $299,999 purchase with $2,855/mo rent. Total monthly income registers $2,855/mo, and a $1,468/mo payment leaves $979/mo available for distribution. Annual cash flow reaches $11,748/yr on $99,450 to close, and return on cash invested stands at 31.72% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 166.25% and total cumulative return in cash at $165,336. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,855/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39206, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,980 (100%) |
| Owner Occupied HU | 4,894 (44.6%) |
| Renter Occupied HU | 4,491 (40.9%) |
| Vacant Housing Units | 1,595 (14.5%) |
| Median Home Value | $137,174 |
| Average Home Value | $186,725 |
Housing Distribution
Address Breakdown
Residential
10,678
Single Family
7,273
Multi-Family
3,405
Businesses
919
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Listed by: Janelle Hederman • Nix-Tann & Associates, Inc.
Mls Name: MLS United
Mls ID: #4070360
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.