412 N Saint Matthew StCarthageMS39051
Nearby investment properties with comparable rents
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
Rental property for sale in Carthage at 412 N Saint Matthew St, Carthage, MS, 39051 priced at $310,000 pairs $2,686/mo rent with $789/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,686/mo, and annual cash flow comes to $9,471/yr on $102,765 invested. Return on cash invested is 29.13% in year one, and rental yield stands at 10.4% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 152.2% and total cumulative return in cash reaches $156,403. For financing, Ziffy Mortgage’s DSCR program evaluates $2,686/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1984
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39051, Carthage, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,665 (100%) |
| Owner Occupied HU | 4,609 (69.2%) |
| Renter Occupied HU | 1,407 (21.1%) |
| Vacant Housing Units | 649 ( 9.7%) |
| Median Home Value | $130,250 |
| Average Home Value | $152,076 |
Housing Distribution
Address Breakdown
Residential
6,399
Single Family
6,176
Multi-Family
223
Businesses
564
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Listed by: Jonathan Faulkner • Local Real Estate
Mls Name: MLS United
Mls ID: #4095513
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.