616 39th Ct EMeridianMS39301
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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 Meridian at 616 39th Ct E, Meridian, MS, 39301 generates $1,072/mo in rent and, after a $675/mo payment, leaves $228/mo in cash flow. Total monthly income is $1,072/mo, and annual cash flow is $2,735/yr on $45,747 invested. Return on cash invested sits at 25.89% in year one, and rental yield is 9.32% on a $138,000 entry. Equity gained on principal adds $890/yr, while 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 134.82% and total cumulative return in cash sums $61,674. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,072/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39301, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,092 (100%) |
| Owner Occupied HU | 5,987 (54.0%) |
| Renter Occupied HU | 3,494 (31.5%) |
| Vacant Housing Units | 1,611 (14.5%) |
| Median Home Value | $133,088 |
| Average Home Value | $178,415 |
Housing Distribution
Address Breakdown
Residential
10,675
Single Family
9,305
Multi-Family
1,370
Businesses
1,485
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Listed by: Ralph M Harvey • Listwithfreedom.Com
Mls Name: MLS United
Mls ID: #4125725