517 West DrOkolonaMS38860
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 Okolona at 517 West Dr, Okolona, MS, 38860 at $145,000 posts ROI 26.43% with $261/mo cash flow from $1,149/mo rent. Total monthly income equals $1,149/mo, and annual cash flow records $3,136/yr on $48,068 to close. Return on cash invested measures 26.43% and rental yield reads 9.51% at the current $145,000. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 by year five. Five-year ROI prints 137.82% and total cumulative return in cash totals $66,248.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,149/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1946
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38860, Okolona, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,740 (100%) |
| Owner Occupied HU | 1,710 (62.4%) |
| Renter Occupied HU | 625 (22.8%) |
| Vacant Housing Units | 405 (14.8%) |
| Median Home Value | $110,762 |
| Average Home Value | $145,300 |
Housing Distribution
Address Breakdown
Residential
2,417
Single Family
2,310
Multi-Family
107
Businesses
161
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Nearby investment properties with comparable prices
Listed by: Steven D Whitney • Kaizen Realty
Mls Name: MLS United
Mls ID: #4092771
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.