4309 Newell RdMeridianMS39301
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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 Meridian at 4309 Newell Rd, Meridian, MS, 39301 priced at $199,500 pairs $1,510/mo rent with $290/mo cash flow after a $976/mo payment. Total monthly income equals $1,510/mo, and annual cash flow comes to $3,475/yr on $66,134 invested. Return on cash invested is 25.16% in year one, and rental yield stands at 9.08% on a $199,500 basis. Equity gained on principal adds $1,287/yr, and 5% annual appreciation accumulates to $55,118 by year five. Five-year ROI measures 130.96% and total cumulative return in cash reaches $86,611. For financing, Ziffy Mortgage’s DSCR program evaluates $1,510/mo property income against a $976/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39301, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,092 (100%) |
| Owner Occupied HU | 5,987 (54.0%) |
| Renter Occupied HU | 3,494 (31.5%) |
| Vacant Housing Units | 1,611 (14.5%) |
| Median Home Value | $133,088 |
| Average Home Value | $178,415 |
Housing Distribution
Address Breakdown
Residential
10,675
Single Family
9,305
Multi-Family
1,370
Businesses
1,485
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Listed by: Nancy Chisolm • PIGFORD & COREY REALTORS
Mls Name: East Mississippi REALTORS
Mls ID: #25-1176