1006 Lamar 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 1006 Lamar St, Cleveland, MS, 38732 uses $61,328 cash to close to unlock $3,393/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,485/mo, and a $905/mo payment keeps the spread at $283/mo. Purchase price stands at $185,000, and rental yield measures 9.63% with $1,485/mo rent. Return on cash invested shows 25.44% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 132.92% and total cumulative return in cash records $81,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,485/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.44 Acres 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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Nearby investment properties with comparable prices
Listed by: Lindsay Williams • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4115827
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.