121 Melrose CirFlorenceMS39073
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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
Investment property for sale in Florence at 121 Melrose Cir, Florence, MS, 39073 earns $499/mo cash flow from $1,722/mo rent with a $978/mo payment. Total monthly income totals $1,722/mo, and annual cash flow totals $5,989/yr on $66,267 capital. ROI tracks 28.95% on current figures, and rental yield reads 10.34% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 151.28% and total cumulative return in cash sums $100,249. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,722/mo property income instead of your personal income.
Single Family
Built in 1966
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39073, Florence, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,962 (100%) |
| Owner Occupied HU | 7,088 (79.1%) |
| Renter Occupied HU | 1,219 (13.6%) |
| Vacant Housing Units | 655 ( 7.3%) |
| Median Home Value | $255,000 |
| Average Home Value | $266,199 |
Housing Distribution
Address Breakdown
Residential
8,102
Single Family
7,970
Multi-Family
132
Businesses
405
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Listed by: Shannon Goss • Sweet Magnolia Real Estate, LLC
Mls Name: MLS United
Mls ID: #4122189