601 Pinewood Dr SEMageeMS39111
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 Magee at 601 Pinewood Dr SE, Magee, MS, 39111 priced at $210,000 pairs $1,738/mo rent with $453/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,738/mo, and annual cash flow comes to $5,433/yr on $69,615 invested. Return on cash invested is 27.71% in year one, and rental yield stands at 9.93% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 144.61% and total cumulative return in cash reaches $100,672. For financing, Ziffy Mortgage’s DSCR program evaluates $1,738/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39111, Magee, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 2,485 (60.9%) |
| Renter Occupied HU | 996 (24.4%) |
| Vacant Housing Units | 600 (14.7%) |
| Median Home Value | $155,105 |
| Average Home Value | $163,878 |
Housing Distribution
Address Breakdown
Residential
3,972
Single Family
3,650
Multi-Family
322
Businesses
586
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Listed by: Linda Curlee • Main Street Realty LLC
Mls Name: MLS United
Mls ID: #4086197
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.