112 2nd Ave APT 7HattiesburgMS39401
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 Hattiesburg at 112 2nd Ave APT 7, Hattiesburg, MS, 39401 uses $49,559 cash to close to unlock $1,515/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $1,150/mo, and a $732/mo payment keeps the spread at $126/mo. Purchase price stands at $149,500, and rental yield measures 9.23% with $1,150/mo rent. Return on cash invested shows 22.97% in year one, and 5% annual appreciation builds toward $41,304 over five years. Five-year ROI reaches 120.18% and total cumulative return in cash records $59,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,150/mo property income covering a $732/mo payment rather than investor’s personal income.
Townhouse
Built in 1940
1,306 sqft lot
$N/A/sqft
$847 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39401, Hattiesburg, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,590 (100%) |
| Owner Occupied HU | 8,506 (41.3%) |
| Renter Occupied HU | 9,639 (46.8%) |
| Vacant Housing Units | 2,445 (11.9%) |
| Median Home Value | $160,714 |
| Average Home Value | $190,588 |
Housing Distribution
Address Breakdown
Residential
19,583
Single Family
16,027
Multi-Family
3,556
Businesses
1,811
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charles M Dawe • Keller Williams Elite
Mls Name: MLS United
Mls ID: #4096442
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.