602 Magnolia DrIndianolaMS38751
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
Investment property for sale in Indianola at 602 Magnolia Dr, Indianola, MS, 38751 uses $92,820 cash to close to unlock $10,212/yr annual cash flow and $851/mo monthly cash flow. Total monthly income runs $2,564/mo, and a $1,370/mo payment keeps the spread at $851/mo. Purchase price stands at $280,000, and rental yield measures 10.99% with $2,564/mo rent. Return on cash invested shows 30.91% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 161.74% and total cumulative return in cash records $150,129. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,564/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38751, Indianola, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,338 (100%) |
| Owner Occupied HU | 2,444 (56.3%) |
| Renter Occupied HU | 1,468 (33.8%) |
| Vacant Housing Units | 426 ( 9.8%) |
| Median Home Value | $121,172 |
| Average Home Value | $170,613 |
Housing Distribution
Address Breakdown
Residential
4,033
Single Family
3,827
Multi-Family
206
Businesses
596
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emerson Lovelace • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4120702