120 Joe Thomas RdLucedaleMS39452
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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 Lucedale at 120 Joe Thomas Rd, Lucedale, MS, 39452 priced at $163,000 pairs $1,565/mo rent with $567/mo cash flow after a $798/mo payment. Total monthly income equals $1,565/mo, and annual cash flow comes to $6,808/yr on $54,035 invested. Return on cash invested is 32.51% in year one, and rental yield stands at 11.52% on a $163,000 basis. Equity gained on principal adds $1,052/yr, and 5% annual appreciation accumulates to $45,034 by year five. Five-year ROI measures 170.37% and total cumulative return in cash reaches $92,059. For financing, Ziffy Mortgage’s DSCR program evaluates $1,565/mo property income against a $798/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39452, Lucedale, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,978 (100%) |
| Owner Occupied HU | 9,623 (74.1%) |
| Renter Occupied HU | 1,671 (12.9%) |
| Vacant Housing Units | 1,684 (13.0%) |
| Median Home Value | $177,866 |
| Average Home Value | $210,277 |
Housing Distribution
Address Breakdown
Residential
12,199
Single Family
12,162
Multi-Family
37
Businesses
707
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Listed by: Teresa A Eubanks • Coldwell Banker Property Pros
Mls Name: MLS United
Mls ID: #4131052