6215 14th AveMeridianMS39305
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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 Meridian at 6215 14th Ave, Meridian, MS, 39305 offers a 14.3% rental yield on a $207,500 purchase with $2,472/mo rent. Total monthly income registers $2,472/mo, and a $1,016/mo payment leaves $1,202/mo available for distribution. Annual cash flow reaches $14,422/yr on $68,786 to close, and return on cash invested stands at 40.88% in year one. Equity gained on principal adds $1,339/yr while 5% annual appreciation supports $57,328 over five years. Portfolio math shows five-year ROI at 215.2% and total cumulative return in cash at $148,031. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,472/mo property income against a $1,016/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39305, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,272 (100%) |
| Owner Occupied HU | 5,740 (61.9%) |
| Renter Occupied HU | 2,607 (28.1%) |
| Vacant Housing Units | 925 ( 10.0%) |
| Median Home Value | $200,329 |
| Average Home Value | $300,961 |
Housing Distribution
Address Breakdown
Residential
9,023
Single Family
7,552
Multi-Family
1,471
Businesses
405
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Listed by: Eric W. Jackson • HILL REAL ESTATE GROUP, LLC
Mls Name: East Mississippi REALTORS
Mls ID: #25-617