804 Spruce StColumbusMS39702
Nearby investment properties with comparable rents
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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 Columbus at 804 Spruce St, Columbus, MS, 39702 offers $955/mo rent that, after a $612/mo payment, leaves $190/mo cash flow. Total monthly income is $955/mo, and annual cash flow is $2,279/yr on $41,438 cash. Return on cash invested measures 25.41% in year one, and rental yield stands at 9.17% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 132.24% and total cumulative return in cash reaches $54,797. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $955/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39702, Columbus, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,496 (100%) |
| Owner Occupied HU | 6,299 (66.3%) |
| Renter Occupied HU | 2,493 (26.3%) |
| Vacant Housing Units | 704 ( 7.4%) |
| Median Home Value | $153,354 |
| Average Home Value | $192,579 |
Housing Distribution
Address Breakdown
Residential
9,258
Single Family
8,523
Multi-Family
735
Businesses
512
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Listed by: AMBER JONES • RE/MAX PARTNERS
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-1805