119 W 3rd StLong BeachMS39560
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 Long Beach at 119 W 3rd St, Long Beach, MS, 39560 uses $111,053 cash to close to unlock $1,628/yr annual cash flow and $136/mo monthly cash flow. Total monthly income runs $2,186/mo, and a $1,640/mo payment keeps the spread at $136/mo. Purchase price stands at $335,000, and rental yield measures 7.83% with $2,186/mo rent. Return on cash invested shows 21.37% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 110.63% and total cumulative return in cash records $122,852. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,186/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1960
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39560, Long Beach, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,850 (100%) |
| Owner Occupied HU | 5,588 (63.1%) |
| Renter Occupied HU | 2,627 (29.7%) |
| Vacant Housing Units | 635 ( 7.2%) |
| Median Home Value | $237,250 |
| Average Home Value | $266,108 |
Housing Distribution
Address Breakdown
Residential
8,410
Single Family
7,413
Multi-Family
997
Businesses
576
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Philip J Leblanc • Coldwell Banker Alfonso Realty-Lorraine Rd
Mls Name: MLS United
Mls ID: #4122474