506 Main StHoulkaMS38850
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 Houlka at 506 Main St, Houlka, MS, 38850 offers $1,141/mo rent that, after a $693/mo payment, leaves $275/mo cash flow. Total monthly income is $1,141/mo, and annual cash flow is $3,296/yr on $46,907 cash. Return on cash invested measures 26.94% in year one, and rental yield stands at 9.68% at a $141,500 entry. Equity gained on principal adds $913/yr while 5% annual appreciation compounds into $39,094 by year five. Five-year ROI records 140.45% and total cumulative return in cash reaches $65,881. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,141/mo property income versus a $693/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38850, Houlka, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,578 (100%) |
| Owner Occupied HU | 1,032 (65.4%) |
| Renter Occupied HU | 292 (18.5%) |
| Vacant Housing Units | 254 (16.1%) |
| Median Home Value | $87,831 |
| Average Home Value | $115,274 |
Housing Distribution
Address Breakdown
Residential
1,545
Single Family
1,545
Multi-Family
0
Businesses
71
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Listed by: Matt Parrish • Patty Turk Properties, LLC
Mls Name: NMMLS
Mls ID: #26-294