611 3rd Ave NGreenwoodMS38930
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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 Greenwood at 611 3rd Ave N, Greenwood, MS, 38930 uses $41,106 cash to close to unlock $1,769/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $930/mo, and a $607/mo payment keeps the spread at $147/mo. Purchase price stands at $124,000, and rental yield measures 9% with $930/mo rent. Return on cash invested shows 24.21% in year one, and 5% annual appreciation builds toward $34,259 over five years. Five-year ROI reaches 126.15% and total cumulative return in cash records $51,855. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $930/mo property income covering a $607/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38930, Greenwood, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,411 (100%) |
| Owner Occupied HU | 5,250 (50.4%) |
| Renter Occupied HU | 3,877 (37.2%) |
| Vacant Housing Units | 1,284 (12.3%) |
| Median Home Value | $105,816 |
| Average Home Value | $170,594 |
Housing Distribution
Address Breakdown
Residential
9,617
Single Family
8,740
Multi-Family
877
Businesses
1,138
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Listed by: Pamela R Butler • P.A.M. Realty LLC
Mls Name: MLS United
Mls ID: #4111553
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.