816 W Bankhead StNew AlbanyMS38652
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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 New Albany at 816 W Bankhead St, New Albany, MS, 38652 with 5% annual appreciation on a $196,000 basis while $1,360/mo rent supports operations. Total monthly income totals $1,360/mo and a $959/mo payment preserves $161/mo for cash returns. Annual cash flow comes to $1,931/yr on $64,974 deployed, and return on cash invested reaches 22.88% in year one. Equity gained on principal adds $1,265/yr, and five-year appreciation sums $54,151 alongside rental yield of 8.33%. Five-year ROI measures 118.7% and total cumulative return in cash totals $77,124.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,360/mo property income versus a $959/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38652, New Albany, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,643 (100%) |
| Owner Occupied HU | 5,086 (66.5%) |
| Renter Occupied HU | 1,831 (24.0%) |
| Vacant Housing Units | 726 ( 9.5%) |
| Median Home Value | $176,246 |
| Average Home Value | $225,845 |
Housing Distribution
Address Breakdown
Residential
7,117
Single Family
6,950
Multi-Family
167
Businesses
843
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Listed by: KIM WOOD • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls ID: #25-3129