669 Owen RdNew AlbanyMS38652
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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 New Albany at 669 Owen Rd, New Albany, MS, 38652 priced at $559,000 pairs $2,359/mo rent with after a $2,736/mo payment. Total monthly income equals $2,359/mo. Return on cash invested is 13.13% in year one, and rental yield stands at 5.06% on a $559,000 basis. Equity gained on principal adds $3,607/yr, and 5% annual appreciation accumulates to $154,441 by year five. Five-year ROI measures 66.39% and total cumulative return in cash reaches $122,103. For financing, Ziffy Mortgage’s DSCR program evaluates $2,359/mo property income against a $2,736/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
4.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,643 (100%) |
| Owner Occupied HU | 5,086 (66.5%) |
| Renter Occupied HU | 1,831 (24.0%) |
| Vacant Housing Units | 726 ( 9.5%) |
| Median Home Value | $176,246 |
| Average Home Value | $225,845 |
Housing Distribution
Address Breakdown
Residential
7,117
Single Family
6,950
Multi-Family
167
Businesses
843
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Listed by: Lisa F. Gaines • Five Star Realty
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-2121
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.