501 16th Ave N #NColumbusMS39701
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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 Columbus at 501 16th Ave N #N, Columbus, MS, 39701 uses $34,774 cash to close to unlock $2,154/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $821/mo, and a $513/mo payment keeps the spread at $180/mo. Purchase price stands at $104,900, and rental yield measures 9.39% with $821/mo rent. Return on cash invested shows 26.1% in year one, and 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 136.02% and total cumulative return in cash records $47,298. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $821/mo property income covering a $513/mo payment rather than investor’s personal income.
Single Family
Built in 1972
10,120 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39701, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,296 (100%) |
| Owner Occupied HU | 2,797 (44.4%) |
| Renter Occupied HU | 2,454 (39.0%) |
| Vacant Housing Units | 1,045 (16.6%) |
| Median Home Value | $162,752 |
| Average Home Value | $251,956 |
Housing Distribution
Address Breakdown
Residential
5,834
Single Family
5,729
Multi-Family
105
Businesses
648
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Listed by: PHILLIP LIVINGSTON • CRYE-LEIKE PROPERTIES UNLIMITED
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-2216