409 E Park AveGreenwoodMS38930
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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 Greenwood at 409 E Park Ave, Greenwood, MS, 38930 with 5% annual appreciation on a $323,000 basis while $2,530/mo rent supports operations. Total monthly income totals $2,530/mo and a $1,581/mo payment preserves $360/mo for cash returns. Annual cash flow comes to $4,314/yr on $107,075 deployed, and return on cash invested reaches 23.94% in year one. Equity gained on principal adds $2,084/yr, and five-year appreciation sums $89,239 alongside rental yield of 9.4%. Five-year ROI measures 125.16% and total cumulative return in cash totals $134,013.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,530/mo property income versus a $1,581/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38930, Greenwood, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,411 (100%) |
| Owner Occupied HU | 5,250 (50.4%) |
| Renter Occupied HU | 3,877 (37.2%) |
| Vacant Housing Units | 1,284 (12.3%) |
| Median Home Value | $105,816 |
| Average Home Value | $170,594 |
Housing Distribution
Address Breakdown
Residential
9,617
Single Family
8,740
Multi-Family
877
Businesses
1,138
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Listed by: Melanie Harris • Harris Realty
Mls Name: My State MLS
Mls ID: #11365802