988 Salem Church RdCollinsMS39428
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
Investment property for sale in Collins at 988 Salem Church Rd, Collins, MS, 39428 at $199,500 posts ROI 23.24% with $184/mo cash flow from $1,404/mo rent. Total monthly income equals $1,404/mo, and annual cash flow records $2,203/yr on $66,134 to close. Return on cash invested measures 23.24% and rental yield reads 8.45% at the current $199,500. Equity gained on principal adds $1,287/yr, and 5% annual appreciation supports $55,118 by year five. Five-year ROI prints 120.64% and total cumulative return in cash totals $79,783.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,404/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1975
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39428, Collins, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,056 (100%) |
| Owner Occupied HU | 2,856 (70.4%) |
| Renter Occupied HU | 704 (17.4%) |
| Vacant Housing Units | 496 (12.2%) |
| Median Home Value | $89,755 |
| Average Home Value | $140,447 |
Housing Distribution
Address Breakdown
Residential
3,436
Single Family
3,283
Multi-Family
153
Businesses
359
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Nearby investment properties with comparable prices
Listed by: Cathy Magee-Byrd • Havard Real Estate Group, LLC
Mls Name: MLS United
Mls ID: #4101005
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.