5810A County Road 600BoonevilleMS38829
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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 Booneville at 5810A County Road 600, Booneville, MS, 38829 uses $79,527 cash to close to unlock $2,822/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,703/mo, and a $1,174/mo payment keeps the spread at $235/mo. Purchase price stands at $239,900, and rental yield measures 8.52% with $1,703/mo rent. Return on cash invested shows 23.46% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 121.82% and total cumulative return in cash records $96,883. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,703/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in N/A
2.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38829, Booneville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,842 (100%) |
| Owner Occupied HU | 5,243 (66.9%) |
| Renter Occupied HU | 1,709 (21.8%) |
| Vacant Housing Units | 890 (11.3%) |
| Median Home Value | $129,194 |
| Average Home Value | $174,369 |
Housing Distribution
Address Breakdown
Residential
7,353
Single Family
7,261
Multi-Family
92
Businesses
682
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Listed by: Nicole Bullock • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls ID: #25-2865