1019 Newsome AveClevelandMS38732
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1019 Newsome Ave, Cleveland, MS, 38732 offers a 11.3% rental yield on a $160,000 purchase with $1,507/mo rent. Total monthly income registers $1,507/mo, and a $783/mo payment leaves $528/mo available for distribution. Annual cash flow reaches $6,336/yr on $53,040 to close, and return on cash invested stands at 31.85% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 166.79% and total cumulative return in cash at $88,466. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,507/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
1,306 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: Shirley Ford • Exit Southern Charm Realty
Mls Name: MLS United
Mls ID: #4121253
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.