506 Old Rice RdMadisonMS39110
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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 Madison at 506 Old Rice Rd, Madison, MS, 39110 uses $75,914 cash to close to unlock $10,374/yr annual cash flow and $864/mo monthly cash flow. Total monthly income runs $2,266/mo, and a $1,121/mo payment keeps the spread at $864/mo. Purchase price stands at $229,000, and rental yield measures 11.87% with $2,266/mo rent. Return on cash invested shows 33.57% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 176.04% and total cumulative return in cash records $133,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,266/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39110, Madison, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,915 (100%) |
| Owner Occupied HU | 18,105 (90.9%) |
| Renter Occupied HU | 1,037 ( 5.2%) |
| Vacant Housing Units | 773 ( 3.9%) |
| Median Home Value | $380,092 |
| Average Home Value | $440,025 |
Housing Distribution
Address Breakdown
Residential
19,442
Single Family
19,299
Multi-Family
143
Businesses
1,117
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Listed by: Bethany Culley • Keller Williams
Mls Name: MLS United
Mls ID: #4099204
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.