60006 Monroe StSmithvilleMS38870
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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 Smithville at 60006 Monroe St, Smithville, MS, 38870 uses $62,985 cash to close to unlock $6,927/yr annual cash flow and $577/mo monthly cash flow. Total monthly income runs $1,740/mo, and a $930/mo payment keeps the spread at $577/mo. Purchase price stands at $190,000, and rental yield measures 10.99% with $1,740/mo rent. Return on cash invested shows 30.91% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 161.79% and total cumulative return in cash records $101,904. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,740/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 2020
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38870, Smithville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,356 (100%) |
| Owner Occupied HU | 851 (62.8%) |
| Renter Occupied HU | 132 ( 9.7%) |
| Vacant Housing Units | 373 (27.5%) |
| Median Home Value | $144,750 |
| Average Home Value | $175,852 |
Housing Distribution
Address Breakdown
Residential
1,231
Single Family
1,231
Multi-Family
0
Businesses
33
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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