53 Hickory RdAshlandMS38603
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
Rental property for sale in Ashland at 53 Hickory Rd, Ashland, MS, 38603 offers $1,052/mo rent that, after a $661/mo payment, leaves $226/mo cash flow. Total monthly income is $1,052/mo, and annual cash flow is $2,707/yr on $44,753 cash. Return on cash invested measures 25.96% in year one, and rental yield stands at 9.35% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 135.22% and total cumulative return in cash reaches $60,517. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,052/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38603, Ashland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,538 (100%) |
| Owner Occupied HU | 948 (61.6%) |
| Renter Occupied HU | 169 (11.0%) |
| Vacant Housing Units | 421 (27.4%) |
| Median Home Value | $129,521 |
| Average Home Value | $157,711 |
Housing Distribution
Address Breakdown
Residential
1,338
Single Family
1,338
Multi-Family
0
Businesses
89
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Listed by: Boomer Mize • COLDWELL BANKER SOUTHERN REAL ESTATE
Mls Name: NMMLS
Mls ID: #25-4341