968 Park LnJacksonMS39211
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Jackson at 968 Park Ln, Jackson, MS, 39211 priced at $229,500 pairs $2,122/mo rent with $687/mo cash flow after a $1,123/mo payment. Total monthly income equals $2,122/mo, and annual cash flow comes to $8,238/yr on $76,079 invested. Return on cash invested is 30.74% in year one, and rental yield stands at 11.1% on a $229,500 basis. Equity gained on principal adds $1,481/yr, and 5% annual appreciation accumulates to $63,407 by year five. Five-year ROI measures 161.02% and total cumulative return in cash reaches $122,502. For financing, Ziffy Mortgage’s DSCR program evaluates $2,122/mo property income against a $1,123/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39211, Jackson, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,274 (100%) |
| Owner Occupied HU | 7,361 (60.0%) |
| Renter Occupied HU | 3,706 (30.2%) |
| Vacant Housing Units | 1,207 ( 9.8%) |
| Median Home Value | $246,919 |
| Average Home Value | $314,842 |
Housing Distribution
Address Breakdown
Residential
11,786
Single Family
8,928
Multi-Family
2,858
Businesses
739
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Listed by: Missy M Horst • Coldwell Banker Graham
Mls Name: MLS United
Mls ID: #4083911
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.