407 56th CtMeridianMS39305
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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 Meridian at 407 56th Ct, Meridian, MS, 39305 uses $292,810 cash to close to unlock $19,617/yr annual cash flow and $1,635/mo monthly cash flow. Total monthly income runs $7,081/mo, and a $4,356/mo payment keeps the spread at $1,635/mo. Purchase price stands at $890,000, and rental yield measures 9.55% with $7,081/mo rent. Return on cash invested shows 26.76% in year one, and 5% annual appreciation builds toward $245,891 over five years. Five-year ROI reaches 139.45% and total cumulative return in cash records $408,328. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,081/mo property income covering a $4,356/mo payment rather than investor’s personal income.
Single Family
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39305, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,272 (100%) |
| Owner Occupied HU | 5,740 (61.9%) |
| Renter Occupied HU | 2,607 (28.1%) |
| Vacant Housing Units | 925 ( 10.0%) |
| Median Home Value | $200,329 |
| Average Home Value | $300,961 |
Housing Distribution
Address Breakdown
Residential
9,023
Single Family
7,552
Multi-Family
1,471
Businesses
405
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Listed by: N/A • N/A
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Mls ID: #N/A