606 Park LnOxfordMS38655
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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
Rental property for sale in Oxford at 606 Park Ln, Oxford, MS, 38655 priced at $259,900 converts $1,854/mo rent into $264/mo cash flow after a $1,272/mo obligation. Total monthly income equals $1,854/mo, and annual cash flow totals $3,163/yr on $86,157 invested. Return on cash invested prints 23.58% in year one, and rental yield reads 8.56% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 122.47% and total cumulative return in cash sums $105,514. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,854/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Townhouse
Built in 1974
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38655, Oxford, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,797 (100%) |
| Owner Occupied HU | 12,970 (46.7%) |
| Renter Occupied HU | 9,130 (32.8%) |
| Vacant Housing Units | 5,697 (20.5%) |
| Median Home Value | $326,779 |
| Average Home Value | $423,478 |
Housing Distribution
Address Breakdown
Residential
24,977
Single Family
19,826
Multi-Family
5,151
Businesses
2,118
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Listed by: Cameron Smith • Betsy Smith Properties
Mls Name: NCMBR
Mls ID: #162014