1003 Pampas DrMyrtleMS38650
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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
Investment property for sale in Myrtle at 1003 Pampas Dr, Myrtle, MS, 38650 listed at $355,000 pairs $2,653/mo rent with a $1,738/mo payment to leave $480/mo cash flow. Total monthly income runs $2,653/mo, and annual cash flow reaches $5,761/yr on $117,683 cash to close. Return on cash invested measures 24.8% in year one, and rental yield registers 8.97% at a $355,000 basis. Equity gained on principal adds $2,291/yr, and annual property appreciation at 5% supports $98,080 by year five. Five-year ROI tracks 129.03% and total cumulative return in cash totals $151,848. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,653/mo property income relative to a $1,738/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
2.04 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: James Morris • J. Morris Realty, LLC
Mls Name: NMMLS
Mls ID: #25-3807