612 Parkway StColdwaterMS38618
Nearby investment properties with comparable rents
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
Investment property for sale in Coldwater at 612 Parkway St, Coldwater, MS, 38618 at $199,000 posts ROI 25.77% with $322/mo cash flow from $1,540/mo rent. Total monthly income equals $1,540/mo, and annual cash flow records $3,867/yr on $65,969 to close. Return on cash invested measures 25.77% and rental yield reads 9.29% at the current $199,000. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 by year five. Five-year ROI prints 134.24% and total cumulative return in cash totals $88,554.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,540/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38618, Coldwater, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,095 (100%) |
| Owner Occupied HU | 3,730 (73.2%) |
| Renter Occupied HU | 781 (15.3%) |
| Vacant Housing Units | 584 (11.5%) |
| Median Home Value | $221,245 |
| Average Home Value | $229,432 |
Housing Distribution
Address Breakdown
Residential
4,953
Single Family
4,929
Multi-Family
24
Businesses
185
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shawana Gross-Caldwell • RE/MAX Realty Group
Mls Name: MLS United
Mls ID: #4092243
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.