579 Highway 41 EOkolonaMS38860
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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 Okolona at 579 Highway 41 E, Okolona, MS, 38860 offers a 11.31% rental yield on a $200,900 purchase with $1,894/mo rent. Total monthly income registers $1,894/mo, and a $983/mo payment leaves $665/mo available for distribution. Annual cash flow reaches $7,979/yr on $66,598 to close, and return on cash invested stands at 31.89% in year one. Equity gained on principal adds $1,296/yr while 5% annual appreciation supports $55,505 over five years. Portfolio math shows five-year ROI at 166.98% and total cumulative return in cash at $111,206. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,894/mo property income against a $983/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
1.50 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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