739 Highway 487 ECarthageMS39051
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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 Carthage at 739 Highway 487 E, Carthage, MS, 39051 offers a 9.11% rental yield on a $225,000 purchase with $1,708/mo rent. Total monthly income registers $1,708/mo, and a $1,101/mo payment leaves $331/mo available for distribution. Annual cash flow reaches $3,976/yr on $74,588 to close, and return on cash invested stands at 25.24% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 131.39% and total cumulative return in cash at $98,001. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,708/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39051, Carthage, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,665 (100%) |
| Owner Occupied HU | 4,609 (69.2%) |
| Renter Occupied HU | 1,407 (21.1%) |
| Vacant Housing Units | 649 ( 9.7%) |
| Median Home Value | $130,250 |
| Average Home Value | $152,076 |
Housing Distribution
Address Breakdown
Residential
6,399
Single Family
6,176
Multi-Family
223
Businesses
564
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Nearby investment properties with comparable prices
Listed by: Becky Gunn • Phillips Appraisal & Realty
Mls Name: MLS United
Mls ID: #4134437