508 Ridge RdColumbusMS39705
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 Columbus at 508 Ridge Rd, Columbus, MS, 39705 offers $2,695/mo rent that, after a $1,346/mo payment, leaves $913/mo cash flow. Total monthly income is $2,695/mo, and annual cash flow is $10,952/yr on $91,129 cash. Return on cash invested measures 31.93% in year one, and rental yield stands at 11.76% at a $274,900 entry. Equity gained on principal adds $1,774/yr while 5% annual appreciation compounds into $75,950 by year five. Five-year ROI records 167.69% and total cumulative return in cash reaches $152,811. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,695/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39705, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,554 (100%) |
| Owner Occupied HU | 3,494 (53.3%) |
| Renter Occupied HU | 2,286 (34.9%) |
| Vacant Housing Units | 774 (11.8%) |
| Median Home Value | $239,766 |
| Average Home Value | $273,247 |
Housing Distribution
Address Breakdown
Residential
6,617
Single Family
5,542
Multi-Family
1,075
Businesses
832
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Nearby investment properties with comparable prices
Listed by: Colin Krieger • RE/MAX PARTNERS
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-719
Disclaimer: Copyright Golden Triangle Association of Realtors, Inc. All rights reserved. Information is deemed reliable but not guaranteed.