512 2nd St SWMageeMS39111
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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 Magee at 512 2nd St SW, Magee, MS, 39111 listed at $179,900 pairs $1,367/mo rent with a $881/mo payment to leave $266/mo cash flow. Total monthly income runs $1,367/mo, and annual cash flow reaches $3,188/yr on $59,637 cash to close. Return on cash invested measures 25.25% in year one, and rental yield registers 9.12% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 131.45% and total cumulative return in cash totals $78,393. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,367/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39111, Magee, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 2,485 (60.9%) |
| Renter Occupied HU | 996 (24.4%) |
| Vacant Housing Units | 600 (14.7%) |
| Median Home Value | $155,105 |
| Average Home Value | $163,878 |
Housing Distribution
Address Breakdown
Residential
3,972
Single Family
3,650
Multi-Family
322
Businesses
586
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Listed by: Chris Curlee • Main Street Realty LLC
Mls Name: MLS United
Mls ID: #4129966