931 Gillespie 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 931 Gillespie St, Jackson, MS, 39202 uses $49,692 cash to close to unlock $13,913/yr annual cash flow and $1,159/mo monthly cash flow. Total monthly income runs $2,077/mo, and a $734/mo payment keeps the spread at $1,159/mo. Purchase price stands at $149,900, and rental yield measures 16.63% with $2,077/mo rent. Return on cash invested shows 47.91% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 252.96% and total cumulative return in cash records $125,699. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,077/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1932
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: Paul A Gonwa • Overby, Inc.
Mls Name: MLS United
Mls ID: #4112840
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.