586 Central Ave, Coldwater, MS, 38618 | $41/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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586 Central Ave, Coldwater, MS, 38618 | $41/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Coldwater at 586 Central Ave, Coldwater, MS, 38618 listed at $349,999 pairs $2,183/mo rent with a $1,713/mo payment to leave $41/mo cash flow. Total monthly income runs $2,183/mo, and annual cash flow reaches $495/yr on $116,025 cash to close. Return on cash invested measures 20.34% in year one, and rental yield registers 7.48% at a $349,999 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,698 by year five. Five-year ROI tracks 105.05% and total cumulative return in cash totals $121,886. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,183/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1910

0.56 Acres lot

$N/A/sqft

No HOA

More details about the property

$10,000 CREDIT FOR BUYER'S CLOSING COSTS. Completely remodeled 2-story home boasting over 3,500 sqft of luxury living! Step inside to find two spacious living rooms, a stunning new kitchen with high-end finishes, and a dedicated office space perfect for working from home. The split floor plan offers privacy and flow, while the luxury master bath provides a spa-like retreat. Outside, enjoy a huge backyard with a deck, a front covered patio, and a circular driveway for easy access and extra parking. This home truly combines elegance, comfort, and functionalityready for its next owner to move right in!

Neighborhood Data

Neighborhood data shown for ZIP Code: 38618, Coldwater, MS area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,095 (100%)
Owner Occupied HU	3,730 (73.2%)
Renter Occupied HU	781 (15.3%)
Vacant Housing Units	584 (11.5%)
Median Home Value	$221,245
Average Home Value	$229,432