621 Magnolia Ave NWMageeMS39111
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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 Magee at 621 Magnolia Ave NW, Magee, MS, 39111 uses $77,903 cash to close to unlock $1,897/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $1,596/mo, and a $1,150/mo payment keeps the spread at $158/mo. Purchase price stands at $235,000, and rental yield measures 8.15% with $1,596/mo rent. Return on cash invested shows 22.34% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 115.87% and total cumulative return in cash records $90,268. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,596/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1970
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39111, Magee, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,081 (100%) |
| Owner Occupied HU | 2,485 (60.9%) |
| Renter Occupied HU | 996 (24.4%) |
| Vacant Housing Units | 600 (14.7%) |
| Median Home Value | $155,105 |
| Average Home Value | $163,878 |
Housing Distribution
Address Breakdown
Residential
3,972
Single Family
3,650
Multi-Family
322
Businesses
586
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Listed by: Lindsey M Gennaro • 4 Corner Properties, LLC
Mls Name: MLS United
Mls ID: #4128667