60498 Parham Store RdSmithvilleMS38870
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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 60498 Parham Store Rd, Smithville, MS, 38870 offers a 8.97% rental yield on a $174,900 purchase with $1,307/mo rent. Total monthly income registers $1,307/mo, and a $856/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,841/yr on $57,979 to close, and return on cash invested stands at 24.81% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 129.05% and total cumulative return in cash at $74,820. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,307/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.96 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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Listed by: Angie Stevens • White Oak Realty, LLC
Mls Name: NMMLS
Mls ID: #26-102