1122 Lakeview DrSummitMS39666
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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
Rental property for sale in Summit at 1122 Lakeview Dr, Summit, MS, 39666 generates $2,896/mo in rent and, after a $1,662/mo payment, leaves $818/mo in cash flow. Total monthly income is $2,896/mo, and annual cash flow is $9,817/yr on $112,544 invested. Return on cash invested sits at 28.63% in year one, and rental yield is 10.24% on a $339,500 entry. Equity gained on principal adds $2,191/yr, while 5% annual appreciation builds toward $93,798 over five years. Five-year ROI reaches 149.56% and total cumulative return in cash sums $168,317. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,896/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
2.59 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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Listed by: Scott Campbell • United Country - Southern States Realty
Mls Name: MLS United
Mls ID: #4129515