4607 15th StMeridianMS39307
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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 Meridian at 4607 15th St, Meridian, MS, 39307 earns from $1,080/mo rent with a $2,249/mo payment. Total monthly income totals $1,080/mo. ROI tracks 6.27% on current figures, and rental yield reads 2.82% at a $459,500 purchase. Equity gained on principal adds $2,965/yr, and 5% annual appreciation supports $126,951 over five years. Five-year ROI reaches 29.61% and total cumulative return in cash sums $45,096. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,080/mo property income instead of your personal income.
Single Family
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39307, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,027 (100%) |
| Owner Occupied HU | 3,642 (51.8%) |
| Renter Occupied HU | 2,320 (33.0%) |
| Vacant Housing Units | 1,065 (15.2%) |
| Median Home Value | $85,742 |
| Average Home Value | $127,675 |
Housing Distribution
Address Breakdown
Residential
6,621
Single Family
6,262
Multi-Family
359
Businesses
455
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Listed by: LAURIE Taylor COBB • PIGFORD & COREY REALTORS
Mls Name: East Mississippi REALTORS
Mls ID: #25-1102