600 State Highway 15 S, New Albany, MS, 38652 | 5.34% Rental Yield

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600 State Highway 15 S, New Albany, MS, 38652 | 5.34% Rental Yield | 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

Rental property for sale in New Albany at 600 State Highway 15 S, New Albany, MS, 38652 generates $3,108/mo in rent, after a $3,421/mo payment. Total monthly income is $3,108/mo. Return on cash invested sits at 13.96% in year one, and rental yield is 5.34% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 70.81% and total cumulative return in cash sums $162,842. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,108/mo property income rather than buyer’s personal income.

Single Family

Built in N/A

7.18 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Country Estate Just Minutes from All AmenitiesWelcome to this stunning large family home that perfectly blends the peaceful charm of the countryside with the convenience of in-town living. Situated just down the street from schools, shopping, dining, and more, this exceptional property offers the best of both worlds.Step inside and be greeted by soaring cathedral, and a gourmet kitchen features high-end Sub-Zero appliances, ample counter space, and custom cabinetry. Outdoors, enjoy resort-style living with an oversized in-ground pool, complete with a stylish pool house featuring roll-up doors for easy access and seamless indoor-outdoor flow. This home also includes a small workshop for hobbies or projects, as well as a massive oversized shop with multiple roll-up doors.

Neighborhood Data

Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,643 (100%)
Owner Occupied HU	5,086 (66.5%)
Renter Occupied HU	1,831 (24.0%)
Vacant Housing Units	726 ( 9.5%)
Median Home Value	$176,246
Average Home Value	$225,845