1011 North StMyrtleMS38650
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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 1011 North St, Myrtle, MS, 38650 uses $48,565 cash to close to unlock $2,982/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $1,145/mo, and a $717/mo payment keeps the spread at $249/mo. Purchase price stands at $146,500, and rental yield measures 9.38% with $1,145/mo rent. Return on cash invested shows 26.05% in year one, and 5% annual appreciation builds toward $40,475 over five years. Five-year ROI reaches 135.73% and total cumulative return in cash records $65,915. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,145/mo property income covering a $717/mo payment rather than investor’s personal income.
Single Family
Built in N/A
2.16 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: Luke Taylor • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-3988
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.