1242 W 18th StLaurelMS39440
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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 Laurel at 1242 W 18th St, Laurel, MS, 39440 earns $102/mo cash flow from $1,479/mo rent with a $1,028/mo payment. Total monthly income totals $1,479/mo, and annual cash flow totals $1,229/yr on $69,615 capital. ROI tracks 21.67% on current figures, and rental yield reads 8.45% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 112.83% and total cumulative return in cash sums $78,544. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,479/mo property income instead of your personal income.
Single Family
Built in 1967
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39440, Laurel, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,547 (100%) |
| Owner Occupied HU | 4,317 (50.5%) |
| Renter Occupied HU | 3,173 (37.1%) |
| Vacant Housing Units | 1,057 (12.4%) |
| Median Home Value | $128,459 |
| Average Home Value | $182,011 |
Housing Distribution
Address Breakdown
Residential
7,887
Single Family
7,358
Multi-Family
529
Businesses
1,223
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Listed by: Lee Bounds, Associate Broker , Srs • Woodland Realty, Inc.
Mls Name: LBOR
Mls ID: #37096
Disclaimer: Copyright Laurel Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.