402 W Georgetown StCrystal SpringsMS39059
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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 Crystal Springs at 402 W Georgetown St, Crystal Springs, MS, 39059 priced at $125,000 converts $970/mo rent into $33/mo cash flow after a $612/mo obligation. Total monthly income equals $970/mo, and annual cash flow totals $393/yr on $41,438 invested. Return on cash invested prints 20.86% in year one, and rental yield reads 9.31% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 109.65% and total cumulative return in cash sums $45,437. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $970/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39059, Crystal Springs, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,240 (100%) |
| Owner Occupied HU | 3,645 (69.6%) |
| Renter Occupied HU | 1,023 (19.5%) |
| Vacant Housing Units | 572 (10.9%) |
| Median Home Value | $113,603 |
| Average Home Value | $172,632 |
Housing Distribution
Address Breakdown
Residential
4,762
Single Family
4,613
Multi-Family
149
Businesses
347
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Listed by: Charles Thompson • Beacon Realty, LLC
Mls Name: MLS United
Mls ID: #4088072
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.