503 S Canal StNatchezMS39120
Nearby investment properties with comparable rents
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 Natchez at 503 S Canal St, Natchez, MS, 39120 offers $1,073/mo rent that, after a $1,248/mo payment. Total monthly income is $1,073/mo. Return on cash invested measures 12.99% in year one, and rental yield stands at 5.05% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 65.66% and total cumulative return in cash reaches $55,508. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,073/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1800
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39120, Natchez, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,822 (100%) |
| Owner Occupied HU | 8,965 (60.5%) |
| Renter Occupied HU | 3,669 (24.8%) |
| Vacant Housing Units | 2,188 (14.8%) |
| Median Home Value | $113,399 |
| Average Home Value | $184,808 |
Housing Distribution
Address Breakdown
Residential
13,672
Single Family
12,419
Multi-Family
1,253
Businesses
1,219
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brady Hodge • Posey Land Company LLC
Mls Name: MLS United
Mls ID: #4123415