514 Northwest StCarthageMS39051
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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
Rental property for sale in Carthage at 514 Northwest St, Carthage, MS, 39051 offers $2,034/mo rent that, after a $1,052/mo payment, leaves $719/mo cash flow. Total monthly income is $2,034/mo, and annual cash flow is $8,624/yr on $71,273 cash. Return on cash invested measures 32.01% in year one, and rental yield stands at 11.35% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 167.65% and total cumulative return in cash reaches $119,485. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,034/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39051, Carthage, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,665 (100%) |
| Owner Occupied HU | 4,609 (69.2%) |
| Renter Occupied HU | 1,407 (21.1%) |
| Vacant Housing Units | 649 ( 9.7%) |
| Median Home Value | $130,250 |
| Average Home Value | $152,076 |
Housing Distribution
Address Breakdown
Residential
6,399
Single Family
6,176
Multi-Family
223
Businesses
564
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Listed by: Kyseta Warner • Jackson Laster Agency
Mls Name: MLS United
Mls ID: #4123018