1005 Deering StClevelandMS38732
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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 Cleveland at 1005 Deering St, Cleveland, MS, 38732 uses $61,162 cash to close to unlock $6,685/yr annual cash flow and $557/mo monthly cash flow. Total monthly income runs $1,753/mo, and a $903/mo payment keeps the spread at $557/mo. Purchase price stands at $184,500, and rental yield measures 11.4% with $1,753/mo rent. Return on cash invested shows 30.84% in year one, and 5% annual appreciation builds toward $50,974 over five years. Five-year ROI reaches 161.93% and total cumulative return in cash records $99,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,753/mo property income covering a $903/mo payment rather than investor’s personal income.
Single Family
Built in 1940
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38732, Cleveland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,565 (100%) |
| Owner Occupied HU | 4,014 (53.1%) |
| Renter Occupied HU | 2,663 (35.2%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $166,371 |
| Average Home Value | $215,644 |
Housing Distribution
Address Breakdown
Residential
7,183
Single Family
6,479
Multi-Family
704
Businesses
972
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Listed by: Libbi Logan • Partnership Properties
Mls Name: Mid Delta Data Sharing Network
Mls ID: #104108