505 Magnolia StSummitMS39666
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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 Summit at 505 Magnolia St, Summit, MS, 39666 offers $881/mo rent that, after a $573/mo payment, leaves $165/mo cash flow. Total monthly income is $881/mo, and annual cash flow is $1,976/yr on $38,786 cash. Return on cash invested measures 25% in year one, and rental yield stands at 9.04% at a $117,000 entry. Equity gained on principal adds $755/yr while 5% annual appreciation compounds into $32,325 by year five. Five-year ROI records 130.13% and total cumulative return in cash reaches $50,473. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $881/mo property income versus a $573/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39666, Summit, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,888 (100%) |
| Owner Occupied HU | 3,389 (69.3%) |
| Renter Occupied HU | 834 (17.1%) |
| Vacant Housing Units | 665 (13.6%) |
| Median Home Value | $181,895 |
| Average Home Value | $240,043 |
Housing Distribution
Address Breakdown
Residential
4,115
Single Family
4,115
Multi-Family
0
Businesses
218
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Listed by: Kalynthia Addison • Addison Realty, LLC
Mls Name: MLS United
Mls ID: #4128430