624 Harper RdMeridianMS39301
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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 624 Harper Rd, Meridian, MS, 39301 priced at $214,000 converts $1,604/mo rent into $295/mo cash flow after a $1,047/mo obligation. Total monthly income equals $1,604/mo, and annual cash flow totals $3,538/yr on $70,941 invested. Return on cash invested prints 24.9% in year one, and rental yield reads 8.99% against a $214,000 entry. Equity gained on principal adds $1,381/yr, while 5% annual appreciation compiles into $59,124 by year five. Five-year ROI reaches 129.49% and total cumulative return in cash sums $91,859. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,604/mo property income covering a $1,047/mo payment, not borrower’s personal income.
Single Family
Built in 1967
N/A 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: Sharon D. Pompelia • WINSTEAD REALTY
Mls Name: East Mississippi REALTORS
Mls Provider:
Mls ID: #25-301
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.