4022 Old Highway 24 ExtMagnoliaMS39652
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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 Magnolia at 4022 Old Highway 24 Ext, Magnolia, MS, 39652 offers a 6.65% rental yield on a $324,900 purchase with $1,800/mo rent. 81% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,764 over five years. Portfolio math shows five-year ROI at 91.51% and total cumulative return in cash at $98,561. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $1,590/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
3.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39652, Magnolia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,050 (100%) |
| Owner Occupied HU | 2,697 (66.6%) |
| Renter Occupied HU | 617 (15.2%) |
| Vacant Housing Units | 736 (18.2%) |
| Median Home Value | $105,368 |
| Average Home Value | $149,638 |
Housing Distribution
Address Breakdown
Residential
3,355
Single Family
3,319
Multi-Family
36
Businesses
211
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Listed by: Angela N Simmons • Berkshire Hathaway HomeServices-Cabin & Creek
Mls Name: MLS United
Mls ID: #4128575