603 E Bankhead StFultonMS38843
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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 Fulton at 603 E Bankhead St, Fulton, MS, 38843 uses $39,747 cash to close to unlock $2,582/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $949/mo, and a $587/mo payment keeps the spread at $215/mo. Purchase price stands at $119,900, and rental yield measures 9.5% with $949/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 137.7% and total cumulative return in cash records $54,732. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $949/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38843, Fulton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,303 (100%) |
| Owner Occupied HU | 3,498 (66.0%) |
| Renter Occupied HU | 1,055 (19.9%) |
| Vacant Housing Units | 750 (14.1%) |
| Median Home Value | $140,759 |
| Average Home Value | $244,895 |
Housing Distribution
Address Breakdown
Residential
4,761
Single Family
4,699
Multi-Family
62
Businesses
438
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Listed by: Brenda Estes Blair Finley • COLDWELL BANKER SOUTHERN REAL ESTATE
Mls Name: NMMLS
Mls ID: #25-3378