407 Hampton StIndianolaMS38751
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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 Indianola at 407 Hampton St, Indianola, MS, 38751 priced at $200,000 converts $1,554/mo rent into $330/mo cash flow after a $979/mo obligation. Total monthly income equals $1,554/mo, and annual cash flow totals $3,960/yr on $66,300 invested. Return on cash invested prints 25.88% in year one, and rental yield reads 9.32% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 134.76% and total cumulative return in cash sums $89,348. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,554/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1950
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38751, Indianola, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,338 (100%) |
| Owner Occupied HU | 2,444 (56.3%) |
| Renter Occupied HU | 1,468 (33.8%) |
| Vacant Housing Units | 426 ( 9.8%) |
| Median Home Value | $121,172 |
| Average Home Value | $170,613 |
Housing Distribution
Address Breakdown
Residential
4,033
Single Family
3,827
Multi-Family
206
Businesses
596
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Listed by: Amberia Bowman • MISTI MAUCELI LEWIS REALTY
Mls Name: Greenville Area BOR
Mls ID: #89966