1046 Lucas DrCharlestonMS38921
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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 Charleston at 1046 Lucas Dr, Charleston, MS, 38921 offers a 9.31% rental yield on a $125,000 purchase with $970/mo rent. Total monthly income registers $970/mo, and a $612/mo payment leaves $205/mo available for distribution. Annual cash flow reaches $2,459/yr on $41,438 to close, and return on cash invested stands at 25.84% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 134.56% and total cumulative return in cash at $55,757. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $970/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
5.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38921, Charleston, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,264 (100%) |
| Owner Occupied HU | 1,369 (60.5%) |
| Renter Occupied HU | 582 (25.7%) |
| Vacant Housing Units | 313 (13.8%) |
| Median Home Value | $95,431 |
| Average Home Value | $110,082 |
Housing Distribution
Address Breakdown
Residential
1,656
Single Family
1,625
Multi-Family
31
Businesses
170
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Listed by: Lee McMinn • McMinn Realty and Land
Mls Name: NCMBR
Mls Provider:
Mls ID: #158622
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.