517 N Hills StMeridianMS39305
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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 Meridian at 517 N Hills St, Meridian, MS, 39305 offers $2,910/mo rent that, after a $1,493/mo payment, leaves $1,043/mo cash flow. Total monthly income is $2,910/mo, and annual cash flow is $12,521/yr on $101,108 cash. Return on cash invested measures 32.29% in year one, and rental yield stands at 11.45% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 169.17% and total cumulative return in cash reaches $171,046. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,910/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39305, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,272 (100%) |
| Owner Occupied HU | 5,740 (61.9%) |
| Renter Occupied HU | 2,607 (28.1%) |
| Vacant Housing Units | 925 ( 10.0%) |
| Median Home Value | $200,329 |
| Average Home Value | $300,961 |
Housing Distribution
Address Breakdown
Residential
9,023
Single Family
7,552
Multi-Family
1,471
Businesses
405
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Listed by: Casey Johnson • Coldwell Banker Graham
Mls Name: MLS United
Mls ID: #4131700