805 W College StBoonevilleMS38829
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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 Booneville at 805 W College St, Booneville, MS, 38829 with 5% annual appreciation on a $209,500 basis while $1,570/mo rent supports operations. Total monthly income totals $1,570/mo and a $1,025/mo payment preserves $288/mo for cash returns. Annual cash flow comes to $3,460/yr on $69,449 deployed, and return on cash invested reaches 24.89% in year one. Equity gained on principal adds $1,352/yr, and five-year appreciation sums $57,881 alongside rental yield of 8.99%. Five-year ROI measures 129.53% and total cumulative return in cash totals $89,955.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,570/mo property income versus a $1,025/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1947
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38829, Booneville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,842 (100%) |
| Owner Occupied HU | 5,243 (66.9%) |
| Renter Occupied HU | 1,709 (21.8%) |
| Vacant Housing Units | 890 (11.3%) |
| Median Home Value | $129,194 |
| Average Home Value | $174,369 |
Housing Distribution
Address Breakdown
Residential
7,353
Single Family
7,261
Multi-Family
92
Businesses
682
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Listed by: Justin Tapp • Compass Realty Group
Mls Name: United Country
Mls ID: #23003-253057