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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Summit at 1024 Walker Ln, Summit, MS, 39666 priced at $299,500 converts $2,131/mo rent into $298/mo cash flow after a $1,466/mo obligation. Total monthly income equals $2,131/mo, and annual cash flow totals $3,577/yr on $99,284 invested. Return on cash invested prints 23.51% in year one, and rental yield reads 8.54% against a $299,500 entry. Equity gained on principal adds $1,933/yr, while 5% annual appreciation compiles into $82,746 by year five. Five-year ROI reaches 122.12% and total cumulative return in cash sums $121,247. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,131/mo property income covering a $1,466/mo payment, not borrower’s personal income.
Single Family
Built in 2007
5 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 39666, Summit, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,888 (100%) |
| Owner Occupied HU | 3,389 (69.3%) |
| Renter Occupied HU | 834 (17.1%) |
| Vacant Housing Units | 665 (13.6%) |
| Median Home Value | $181,895 |
| Average Home Value | $240,043 |
Residential
4,115
Single Family
4,115
Multi-Family
0
Businesses
218
Date | Event | Price |
|---|---|---|
| 2024-10-20 | Listed for sale | $299,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-29 | $693.96 | -30.52% | $15,292 | -0.01% |
| 2022-01-29 | $998.83 | 65.91% | $15,293 | -0.01% |
| 2021-01-29 | $602.04 | 0.52% | $15,294 | 3.32% |
No similar rental properties found nearby.
Listed by: Jana Trout • Mason & Magnolia Real Estate
Mls Name: Southwest Mississippi BOR
Mls ID: #143380
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.
