502 Hobson StNew AlbanyMS38652
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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 New Albany at 502 Hobson St, New Albany, MS, 38652 earns $200/mo cash flow from $1,577/mo rent with a $1,101/mo payment. Total monthly income totals $1,577/mo, and annual cash flow totals $2,404/yr on $74,588 capital. ROI tracks 23.13% on current figures, and rental yield reads 8.41% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 120.06% and total cumulative return in cash sums $89,553. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,577/mo property income instead of your personal income.
Single Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,643 (100%) |
| Owner Occupied HU | 5,086 (66.5%) |
| Renter Occupied HU | 1,831 (24.0%) |
| Vacant Housing Units | 726 ( 9.5%) |
| Median Home Value | $176,246 |
| Average Home Value | $225,845 |
Housing Distribution
Address Breakdown
Residential
7,117
Single Family
6,950
Multi-Family
167
Businesses
843
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Listed by: Madyson Carter • J. Morris Realty, LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-3974
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.