787 Hill RdColdwaterMS38618
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 Coldwater at 787 Hill Rd, Coldwater, MS, 38618 priced at $145,999 converts $1,212/mo rent into $318/mo cash flow after a $715/mo obligation. Total monthly income equals $1,212/mo, and annual cash flow totals $3,818/yr on $48,399 invested. Return on cash invested prints 27.8% in year one, and rental yield reads 9.96% against a $145,999 entry. Equity gained on principal adds $942/yr, while 5% annual appreciation compiles into $40,337 by year five. Five-year ROI reaches 145.14% and total cumulative return in cash sums $70,246. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,212/mo property income covering a $715/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.48 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
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Listed by: Linda Worsham • Crye-Leike Of MS-SH
Mls Name: MLS United
Mls ID: #4120662