516 Parsons AveGreenwoodMS38930
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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 Greenwood at 516 Parsons Ave, Greenwood, MS, 38930 listed at $138,500 pairs $1,079/mo rent with a $678/mo payment to leave $231/mo cash flow. Total monthly income runs $1,079/mo, and annual cash flow reaches $2,776/yr on $45,913 cash to close. Return on cash invested measures 25.96% in year one, and rental yield registers 9.35% at a $138,500 basis. Equity gained on principal adds $894/yr, and annual property appreciation at 5% supports $38,265 by year five. Five-year ROI tracks 135.25% and total cumulative return in cash totals $62,095. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,079/mo property income relative to a $678/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38930, Greenwood, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,411 (100%) |
| Owner Occupied HU | 5,250 (50.4%) |
| Renter Occupied HU | 3,877 (37.2%) |
| Vacant Housing Units | 1,284 (12.3%) |
| Median Home Value | $105,816 |
| Average Home Value | $170,594 |
Housing Distribution
Address Breakdown
Residential
9,617
Single Family
8,740
Multi-Family
877
Businesses
1,138
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Listed by: Tish Goodman • Bowie Realty, Inc.
Mls Name: MLS United
Mls ID: #4112581
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.