Red Water Road

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Red Water Road

Carthage, MS 39051
Asking Price
$224K
Asset Type
Land
Class
Class B

What's Special

Located at Red Water Road in Carthage, Mississippi, this undeveloped land parcel is situated within Leake County. The surrounding neighborhood is characterized by a mix of rural residential properties, timberland, and agricultural acreage. The site offers proximity to the central business district of Carthage, providing access to local retail amenities, municipal services, and dining. Transportation access is primary via State Highway 16 and State Highway 35, which connect the area to regional markets such as Jackson and Philadelphia. The property is suited for agricultural production, timber management, or rural residential development. Potential users include local farmers seeking to expand tillable acreage or investors interested in long-term timber yields. The zoning and topography also support recreational use or the construction of a private estate. Typical buyers for this asset type include agricultural owner-operators, land speculators, or individuals looking for private acreage with proximity to regional transit corridors.

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NOI
$80,000
Cap Rate
35.71%
DSCR
6.02
Strong
Cash-on-Cash
99.26%
Monthly Payment
$1,108.23
Annual Cash Flow
$66,701.243

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