513 E Main StFultonMS38843
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
Investment property for sale in Fulton at 513 E Main St, Fulton, MS, 38843 offers a 7.72% rental yield on a $219,900 purchase with $1,415/mo rent. Total monthly income registers $1,415/mo, and a $1,076/mo payment leaves $70/mo available for distribution. Annual cash flow reaches $835/yr on $72,897 to close, and return on cash invested stands at 21.06% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 108.93% and total cumulative return in cash at $79,408. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,415/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38843, Fulton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,303 (100%) |
| Owner Occupied HU | 3,498 (66.0%) |
| Renter Occupied HU | 1,055 (19.9%) |
| Vacant Housing Units | 750 (14.1%) |
| Median Home Value | $140,759 |
| Average Home Value | $244,895 |
Housing Distribution
Address Breakdown
Residential
4,761
Single Family
4,699
Multi-Family
62
Businesses
438
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A