1035 Driftwood RdSummitMS39666
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 Summit at 1035 Driftwood Rd, Summit, MS, 39666 at $280,000 posts ROI 21.99% with $161/mo cash flow from $1,874/mo rent. Total monthly income equals $1,874/mo, and annual cash flow records $1,932/yr on $92,820 to close. Return on cash invested measures 21.99% and rental yield reads 8.03% at the current $280,000. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 by year five. Five-year ROI prints 113.89% and total cumulative return in cash totals $105,717.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,874/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
1.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39666, Summit, MS area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,115
Single Family
4,115
Multi-Family
0
Businesses
218
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Nearby investment properties with comparable prices
Listed by: Catoya James • Prestige Realty & Investments
Mls Name: MLS United
Mls ID: #4100457
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.