862 Mississippi #389HoustonMS38851
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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 Houston at 862 Mississippi #389, Houston, MS, 38851 uses $84,622 cash to close to unlock $2,595/yr annual cash flow and $216/mo monthly cash flow. Total monthly income runs $1,778/mo, and a $1,249/mo payment keeps the spread at $216/mo. Purchase price stands at $255,270, and rental yield measures 8.36% with $1,778/mo rent. Return on cash invested shows 22.98% in year one, and 5% annual appreciation builds toward $70,526 over five years. Five-year ROI reaches 119.23% and total cumulative return in cash records $100,892. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,778/mo property income covering a $1,249/mo payment rather than investor’s personal income.
Single Family
Built in 1977
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38851, Houston, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,872 (100%) |
| Owner Occupied HU | 2,601 (67.2%) |
| Renter Occupied HU | 839 (21.7%) |
| Vacant Housing Units | 432 (11.2%) |
| Median Home Value | $115,228 |
| Average Home Value | $160,800 |
Housing Distribution
Address Breakdown
Residential
3,611
Single Family
3,537
Multi-Family
74
Businesses
466
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Listed by: Rexanne Collins • Epique Realty-Oxford
Mls Name: NCMBR
Mls Provider:
Mls ID: #159347
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.