713 West StColdwaterMS38618
Nearby investment properties with comparable rents
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 Coldwater at 713 West St, Coldwater, MS, 38618 priced at $130,000 converts $993/mo rent into $198/mo cash flow after a $636/mo obligation. Total monthly income equals $993/mo, and annual cash flow totals $2,373/yr on $43,095 invested. Return on cash invested prints 25.42% in year one, and rental yield reads 9.17% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 132.3% and total cumulative return in cash sums $57,015. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $993/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38618, Coldwater, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,095 (100%) |
| Owner Occupied HU | 3,730 (73.2%) |
| Renter Occupied HU | 781 (15.3%) |
| Vacant Housing Units | 584 (11.5%) |
| Median Home Value | $221,245 |
| Average Home Value | $229,432 |
Housing Distribution
Address Breakdown
Residential
4,953
Single Family
4,929
Multi-Family
24
Businesses
185
Nearby investment properties with comparable rents
Listed by: Kenneth Woods • eXp Realty
Mls Name: MLS United
Mls ID: #4137036