850 Fairview StJacksonMS39202
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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 Jackson at 850 Fairview St, Jackson, MS, 39202 uses $94,478 cash to close to unlock $4,390/yr annual cash flow and $366/mo monthly cash flow. Total monthly income runs $2,110/mo, and a $1,395/mo payment keeps the spread at $366/mo. Purchase price stands at $285,000, and rental yield measures 8.88% with $2,110/mo rent. Return on cash invested shows 24.56% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 127.66% and total cumulative return in cash records $120,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,110/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39202, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,532 (100%) |
| Owner Occupied HU | 1,315 (29.0%) |
| Renter Occupied HU | 2,519 (55.6%) |
| Vacant Housing Units | 698 (15.4%) |
| Median Home Value | $238,470 |
| Average Home Value | $293,496 |
Housing Distribution
Address Breakdown
Residential
3,997
Single Family
2,707
Multi-Family
1,290
Businesses
595
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Listed by: Craig Whitfield • BHHS Ann Prewitt Realty
Mls Name: MLS United
Mls ID: #4069895
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.