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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Myrtle at 1004 Lynnlee Ln, Myrtle, MS, 38650 priced at $320,000 converts $2,168/mo rent into $202/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,168/mo, and annual cash flow totals $2,420/yr on $106,080 invested. Return on cash invested prints 22.19% in year one, and rental yield reads 8.13% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 115.03% and total cumulative return in cash sums $122,019. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,168/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1.99 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood data shown for ZIP Code: 38650, Myrtle, MS area.
| 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 |
Residential
1,654
Single Family
1,654
Multi-Family
0
Businesses
57
Date | Event | Price |
|---|---|---|
| 2025-01-08 | Listed for sale | $320,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kim Wood • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-55
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
