1129 Lovejoy RdCourtlandMS38620
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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 Courtland at 1129 Lovejoy Rd, Courtland, MS, 38620 generates $1,000/mo in rent and, after a $631/mo payment, leaves $211/mo in cash flow. Total monthly income is $1,000/mo, and annual cash flow is $2,532/yr on $42,764 invested. Return on cash invested sits at 25.83% in year one, and rental yield is 9.3% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 134.5% and total cumulative return in cash sums $57,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,000/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38620, Courtland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,475 (100%) |
| Owner Occupied HU | 1,114 (75.5%) |
| Renter Occupied HU | 221 (15.0%) |
| Vacant Housing Units | 140 ( 9.5%) |
| Median Home Value | $183,140 |
| Average Home Value | $178,196 |
Housing Distribution
Address Breakdown
Residential
1,352
Single Family
1,352
Multi-Family
0
Businesses
18
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Listed by: Lee McMinn • McMinn Realty and Land
Mls Name: NCMBR
Mls ID: #161985