504 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 504 Hobson St, New Albany, MS, 38652 listed at $214,900 pairs $1,880/mo rent with a $1,052/mo payment to leave $565/mo cash flow. Total monthly income runs $1,880/mo, and annual cash flow reaches $6,777/yr on $71,239 cash to close. Return on cash invested measures 29.42% in year one, and rental yield registers 10.5% at a $214,900 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,373 by year five. Five-year ROI tracks 153.77% and total cumulative return in cash totals $109,542. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,880/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
5,662 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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Nearby investment properties with comparable prices
Listed by: Beth Walker • Crye-Leike Realtors
Mls Name: NMMLS
Mls ID: #25-4323