626 64th AveMeridianMS39307
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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 626 64th Ave, Meridian, MS, 39307 uses $43,128 cash to close to unlock $11,852/yr annual cash flow and $988/mo monthly cash flow. Total monthly income runs $1,784/mo, and a $637/mo payment keeps the spread at $988/mo. Purchase price stands at $130,100, and rental yield measures 16.46% with $1,784/mo rent. Return on cash invested shows 47.39% in year one, and 5% annual appreciation builds toward $35,944 over five years. Five-year ROI reaches 250.13% and total cumulative return in cash records $107,878. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,784/mo property income covering a $637/mo payment rather than investor’s personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39307, Meridian, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,027 (100%) |
| Owner Occupied HU | 3,642 (51.8%) |
| Renter Occupied HU | 2,320 (33.0%) |
| Vacant Housing Units | 1,065 (15.2%) |
| Median Home Value | $85,742 |
| Average Home Value | $127,675 |
Housing Distribution
Address Breakdown
Residential
6,621
Single Family
6,262
Multi-Family
359
Businesses
455
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Listed by: N/A • N/A
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Mls ID: #N/A