5717 Cherokee RdMeridianMS39305
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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 Meridian at 5717 Cherokee Rd, Meridian, MS, 39305 at $162,500 posts ROI 25.58% with $255/mo cash flow from $1,280/mo rent. Total monthly income equals $1,280/mo, and annual cash flow records $3,057/yr on $53,869 to close. Return on cash invested measures 25.58% and rental yield reads 9.45% at the current $162,500. Equity gained on principal adds $1,049/yr, and 5% annual appreciation supports $44,896 by year five. Five-year ROI prints 133.45% and total cumulative return in cash totals $71,886.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,280/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
N/A 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: Eddie N Welch • HILL REAL ESTATE GROUP, LLC
Mls Name: East Mississippi REALTORS
Mls Provider:
Mls ID: #25-288
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.