624 Summit StWinonaMS38967
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 Winona at 624 Summit St, Winona, MS, 38967 offers a 9.5% rental yield on a $100,000 purchase with $792/mo rent. Total monthly income registers $792/mo, and a $489/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,166/yr on $33,150 to close, and return on cash invested stands at 26.44% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 137.86% and total cumulative return in cash at $45,700. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $792/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38967, Winona, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,370 (100%) |
| Owner Occupied HU | 2,023 (60.0%) |
| Renter Occupied HU | 798 (23.7%) |
| Vacant Housing Units | 549 (16.3%) |
| Median Home Value | $125,278 |
| Average Home Value | $158,736 |
Housing Distribution
Address Breakdown
Residential
2,807
Single Family
2,807
Multi-Family
0
Businesses
362
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Nearby investment properties with comparable prices
Listed by: Marilyn L Thomas-Burks • Exit Southern Charm Realty
Mls Name: MLS United
Mls ID: #4112867
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.