589 Highway 51WinonaMS38967
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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
Rental property for sale in Winona at 589 Highway 51, Winona, MS, 38967 generates $948/mo in rent and, after a $582/mo payment, leaves $220/mo in cash flow. Total monthly income is $948/mo, and annual cash flow is $2,643/yr on $39,449 invested. Return on cash invested sits at 26.61% in year one, and rental yield is 9.56% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 138.79% and total cumulative return in cash sums $54,749. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $948/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38967, Winona, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,370 (100%) |
| Owner Occupied HU | 2,023 (60.0%) |
| Renter Occupied HU | 798 (23.7%) |
| Vacant Housing Units | 549 (16.3%) |
| Median Home Value | $125,278 |
| Average Home Value | $158,736 |
Housing Distribution
Address Breakdown
Residential
2,807
Single Family
2,807
Multi-Family
0
Businesses
362
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Listed by: Kyle Cravens • Cravens Properties, LLC
Mls Name: My State MLS
Mls ID: #11548555