124 Chestnut DrBrandonMS39047
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
Rental property for sale in Brandon at 124 Chestnut Dr, Brandon, MS, 39047 priced at $219,900 converts $1,471/mo rent into $126/mo cash flow after a $1,076/mo obligation. Total monthly income equals $1,471/mo, and annual cash flow totals $1,507/yr on $72,897 invested. Return on cash invested prints 21.98% in year one, and rental yield reads 8.03% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 113.85% and total cumulative return in cash sums $82,996. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,471/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Single Family
Built in 2000
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39047, Brandon, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,067 (100%) |
| Owner Occupied HU | 14,058 (82.4%) |
| Renter Occupied HU | 2,181 (12.8%) |
| Vacant Housing Units | 828 ( 4.9%) |
| Median Home Value | $284,842 |
| Average Home Value | $320,136 |
Housing Distribution
Address Breakdown
Residential
16,709
Single Family
15,919
Multi-Family
790
Businesses
850
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Nearby investment properties with comparable prices
Listed by: James Phillips • W Real Estate LLC
Mls Name: MLS United
Mls ID: #4085550
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.