59 E Long StAbbevilleMS38601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Abbeville at 59 E Long St, Abbeville, MS, 38601 priced at $220,000 pairs $1,766/mo rent with $420/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,766/mo, and annual cash flow comes to $5,034/yr on $72,930 invested. Return on cash invested is 26.81% in year one, and rental yield stands at 9.63% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 139.81% and total cumulative return in cash reaches $101,963. For financing, Ziffy Mortgage’s DSCR program evaluates $1,766/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38601, Abbeville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,089 (100%) |
| Owner Occupied HU | 793 (72.8%) |
| Renter Occupied HU | 140 (12.9%) |
| Vacant Housing Units | 156 (14.3%) |
| Median Home Value | $151,603 |
| Average Home Value | $258,859 |
Housing Distribution
Address Breakdown
Residential
992
Single Family
992
Multi-Family
0
Businesses
36
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Listed by: Mark Hodge • Crye-Leike Oxford Real Estate
Mls Name: NCMBR
Mls ID: #161592