729 Highway 3RedwoodMS39156
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
Rental property for sale in Redwood at 729 Highway 3, Redwood, MS, 39156 offers $1,038/mo rent that, after a $520/mo payment, leaves $388/mo cash flow. Total monthly income is $1,038/mo, and annual cash flow is $4,654/yr on $35,214 cash. Return on cash invested measures 33.13% in year one, and rental yield stands at 11.73% at a $106,225 entry. Equity gained on principal adds $685/yr while 5% annual appreciation compounds into $29,348 by year five. Five-year ROI records 173.63% and total cumulative return in cash reaches $61,142. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,038/mo property income versus a $520/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2022
1.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39156, Redwood, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 186 (100%) |
| Owner Occupied HU | 129 (69.4%) |
| Renter Occupied HU | 19 (10.2%) |
| Vacant Housing Units | 38 (20.4%) |
| Median Home Value | $168,750 |
| Average Home Value | $200,543 |
Housing Distribution
Address Breakdown
Residential
158
Single Family
158
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Judy Harrell • McMillin Real Estate & Appraisal, Inc.
Mls Name: Vicksburg Warren County BOR
Mls ID: #32857
Disclaimer: Copyright Vicksburg-Warren County Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.