415 Spike RdgCantonMS39046
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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 Canton at 415 Spike Rdg, Canton, MS, 39046 priced at $297,000 pairs $2,594/mo rent with $739/mo cash flow after a $1,454/mo payment. Total monthly income equals $2,594/mo, and annual cash flow comes to $8,864/yr on $98,456 invested. Return on cash invested is 28.91% in year one, and rental yield stands at 10.48% on a $297,000 basis. Equity gained on principal adds $1,916/yr, and 5% annual appreciation accumulates to $82,056 by year five. Five-year ROI measures 151.21% and total cumulative return in cash reaches $148,878. For financing, Ziffy Mortgage’s DSCR program evaluates $2,594/mo property income against a $1,454/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
8,712 sqft lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39046, Canton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,163 (100%) |
| Owner Occupied HU | 8,497 (64.6%) |
| Renter Occupied HU | 3,320 (25.2%) |
| Vacant Housing Units | 1,346 (10.2%) |
| Median Home Value | $261,839 |
| Average Home Value | $292,983 |
Housing Distribution
Address Breakdown
Residential
12,583
Single Family
10,324
Multi-Family
2,259
Businesses
927
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Listed by: Mary F Hollingsworth • Southern Magnolia's Realty
Mls Name: MLS United
Mls ID: #4115165
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.