1002 Oak Grove RdMyrtleMS38650
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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 Myrtle at 1002 Oak Grove Rd, Myrtle, MS, 38650 generates $2,928/mo in rent and, after a $1,738/mo payment, leaves $755/mo in cash flow. Total monthly income is $2,928/mo, and annual cash flow is $9,061/yr on $117,683 invested. Return on cash invested sits at 27.61% in year one, and rental yield is 9.9% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 144.07% and total cumulative return in cash sums $169,548. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,928/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38650, Myrtle, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,864 (100%) |
| Owner Occupied HU | 1,391 (74.6%) |
| Renter Occupied HU | 301 (16.1%) |
| Vacant Housing Units | 172 ( 9.2%) |
| Median Home Value | $165,487 |
| Average Home Value | $170,933 |
Housing Distribution
Address Breakdown
Residential
1,654
Single Family
1,654
Multi-Family
0
Businesses
57
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Listed by: Frankie McMillin • Palmer-Brown Real Estate Group, LLC
Mls Name: NMMLS
Mls ID: #25-3599