406 Kit Lewis RdWalnut GroveMS39189
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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 Walnut Grove at 406 Kit Lewis Rd, Walnut Grove, MS, 39189 at $120,000 posts ROI 30.89% with $364/mo cash flow from $1,098/mo rent. Total monthly income equals $1,098/mo, and annual cash flow records $4,368/yr on $39,780 to close. Return on cash invested measures 30.89% and rental yield reads 10.98% at the current $120,000. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 by year five. Five-year ROI prints 161.59% and total cumulative return in cash totals $64,279.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,098/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1997
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39189, Walnut Grove, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,545 (100%) |
| Owner Occupied HU | 1,065 (68.9%) |
| Renter Occupied HU | 320 (20.7%) |
| Vacant Housing Units | 160 (10.4%) |
| Median Home Value | $125,647 |
| Average Home Value | $159,493 |
Housing Distribution
Address Breakdown
Residential
1,360
Single Family
1,314
Multi-Family
46
Businesses
50
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Listed by: Jonathan Faulkner • Local Real Estate
Mls Name: MLS United
Mls ID: #4130959