609 Highland StNew AlbanyMS38652
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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 New Albany at 609 Highland St, New Albany, MS, 38652 offers $2,450/mo rent that, after a $1,542/mo payment, leaves $522/mo cash flow. Total monthly income is $2,450/mo, and annual cash flow is $6,265/yr on $104,423 cash. Return on cash invested measures 25.91% in year one, and rental yield stands at 9.33% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 134.96% and total cumulative return in cash reaches $140,933. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,450/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,643 (100%) |
| Owner Occupied HU | 5,086 (66.5%) |
| Renter Occupied HU | 1,831 (24.0%) |
| Vacant Housing Units | 726 ( 9.5%) |
| Median Home Value | $176,246 |
| Average Home Value | $225,845 |
Housing Distribution
Address Breakdown
Residential
7,117
Single Family
6,950
Multi-Family
167
Businesses
843
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A