407 Washington StColumbiaMS39429
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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 Columbia at 407 Washington St, Columbia, MS, 39429 priced at $147,000 pairs $1,160/mo rent with $231/mo cash flow after a $719/mo payment. Total monthly income equals $1,160/mo, and annual cash flow comes to $2,777/yr on $48,731 invested. Return on cash invested is 25.61% in year one, and rental yield stands at 9.47% on a $147,000 basis. Equity gained on principal adds $949/yr, and 5% annual appreciation accumulates to $40,613 by year five. Five-year ROI measures 133.64% and total cumulative return in cash reaches $65,124. For financing, Ziffy Mortgage’s DSCR program evaluates $1,160/mo property income against a $719/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39429, Columbia, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,313 (100%) |
| Owner Occupied HU | 4,814 (65.8%) |
| Renter Occupied HU | 1,381 (18.9%) |
| Vacant Housing Units | 1,118 (15.3%) |
| Median Home Value | $157,194 |
| Average Home Value | $189,850 |
Housing Distribution
Address Breakdown
Residential
6,817
Single Family
6,526
Multi-Family
291
Businesses
712
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Listed by: Craig Sanford • B & Co Realty
Mls Name: HSMLS
Mls Provider:
Mls ID: #140504
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.