Highway 488CarthageMS39051
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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
Rental property for sale in Carthage at Highway 488, Carthage, MS, 39051 priced at $298,700 converts $940/mo rent into after a $1,462/mo obligation. Total monthly income equals $940/mo. Return on cash invested prints 9.15% in year one, and rental yield reads 3.78% against a $298,700 entry. Equity gained on principal adds $1,927/yr, while 5% annual appreciation compiles into $82,525 by year five. Five-year ROI reaches 45.09% and total cumulative return in cash sums $44,652. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $940/mo property income covering a $1,462/mo payment, not borrower’s personal income.
Single Family
Built in N/A
103 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39051, Carthage, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,665 (100%) |
| Owner Occupied HU | 4,609 (69.2%) |
| Renter Occupied HU | 1,407 (21.1%) |
| Vacant Housing Units | 649 ( 9.7%) |
| Median Home Value | $130,250 |
| Average Home Value | $152,076 |
Housing Distribution
Address Breakdown
Residential
6,399
Single Family
6,176
Multi-Family
223
Businesses
564
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Nearby investment properties with comparable prices
Listed by: Kenneth Lancaster • SWAPA Land, LLC
Mls Name: REALSTACK
Mls ID: #89619