509 S Lake StBoonevilleMS38829
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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 Booneville at 509 S Lake St, Booneville, MS, 38829 offers a 9.33% rental yield on a $129,500 purchase with $1,007/mo rent. Total monthly income registers $1,007/mo, and a $634/mo payment leaves $214/mo available for distribution. Annual cash flow reaches $2,572/yr on $42,929 to close, and return on cash invested stands at 25.9% in year one. Equity gained on principal adds $836/yr while 5% annual appreciation supports $35,778 over five years. Portfolio math shows five-year ROI at 134.96% and total cumulative return in cash at $57,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,007/mo property income against a $634/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38829, Booneville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,842 (100%) |
| Owner Occupied HU | 5,243 (66.9%) |
| Renter Occupied HU | 1,709 (21.8%) |
| Vacant Housing Units | 890 (11.3%) |
| Median Home Value | $129,194 |
| Average Home Value | $174,369 |
Housing Distribution
Address Breakdown
Residential
7,353
Single Family
7,261
Multi-Family
92
Businesses
682
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Listed by: Travis W. Childers • Childers Realty & Associates, Inc.
Mls Name: NMMLS
Mls ID: #25-2885