1024 N 13th AveLaurelMS39440
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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 Laurel at 1024 N 13th Ave, Laurel, MS, 39440 offers a 12.43% rental yield on a $135,500 purchase with $1,404/mo rent. Total monthly income registers $1,404/mo, and a $663/mo payment leaves $505/mo available for distribution. Annual cash flow reaches $6,061/yr on $44,918 to close, and return on cash invested stands at 33.4% in year one. Equity gained on principal adds $874/yr while 5% annual appreciation supports $37,436 over five years. Portfolio math shows five-year ROI at 175.9% and total cumulative return in cash at $79,010. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,404/mo property income against a $663/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39440, Laurel, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,547 (100%) |
| Owner Occupied HU | 4,317 (50.5%) |
| Renter Occupied HU | 3,173 (37.1%) |
| Vacant Housing Units | 1,057 (12.4%) |
| Median Home Value | $128,459 |
| Average Home Value | $182,011 |
Housing Distribution
Address Breakdown
Residential
7,887
Single Family
7,358
Multi-Family
529
Businesses
1,223
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A