103 Holmes StLakeMS39092
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
Rental property for sale in Lake at 103 Holmes St, Lake, MS, 39092 offers $1,309/mo rent that, after a $881/mo payment, leaves $208/mo cash flow. Total monthly income is $1,309/mo, and annual cash flow is $2,490/yr on $59,670 cash. Return on cash invested measures 24.08% in year one, and rental yield stands at 8.73% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 125.16% and total cumulative return in cash reaches $74,681. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,309/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39092, Lake, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,170 (100%) |
| Owner Occupied HU | 859 (73.4%) |
| Renter Occupied HU | 189 (16.2%) |
| Vacant Housing Units | 122 (10.4%) |
| Median Home Value | $114,875 |
| Average Home Value | $146,292 |
Housing Distribution
Address Breakdown
Residential
1,153
Single Family
1,153
Multi-Family
0
Businesses
60
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A