118 Pine Hill DrForestMS39074
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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 Forest at 118 Pine Hill Dr, Forest, MS, 39074 at $349,000 posts ROI 23.25% with $322/mo cash flow from $2,458/mo rent. Total monthly income equals $2,458/mo, and annual cash flow records $3,870/yr on $115,694 to close. Return on cash invested measures 23.25% and rental yield reads 8.45% at the current $349,000. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 by year five. Five-year ROI prints 120.7% and total cumulative return in cash totals $139,644.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,458/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39074, Forest, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,758 (100%) |
| Owner Occupied HU | 3,860 (67.0%) |
| Renter Occupied HU | 1,329 (23.1%) |
| Vacant Housing Units | 569 ( 9.9%) |
| Median Home Value | $112,575 |
| Average Home Value | $158,857 |
Housing Distribution
Address Breakdown
Residential
6,222
Single Family
6,022
Multi-Family
200
Businesses
613
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Nearby investment properties with comparable prices
Listed by: Brad Forsythe • Phillips Appraisal & Realty
Mls Name: MLS United
Mls ID: #4086016
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.