500 E Monroe 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
Rental property for sale in Greenwood at 500 E Monroe Ave, Greenwood, MS, 38930 offers $2,862/mo rent that, after a $1,674/mo payment, leaves $769/mo cash flow. Total monthly income is $2,862/mo, and annual cash flow is $9,229/yr on $113,373 cash. Return on cash invested measures 28.05% in year one, and rental yield stands at 10.04% at a $342,000 entry. Equity gained on principal adds $2,207/yr while 5% annual appreciation compounds into $94,488 by year five. Five-year ROI records 146.44% and total cumulative return in cash reaches $166,018. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,862/mo property income versus a $1,674/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.44 Acres 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: N/A • N/A
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Mls ID: #N/A