1247 Highway 35Mount OliveMS39119
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 Mount Olive at 1247 Highway 35, Mount Olive, MS, 39119 offers a 8.24% rental yield on a $365,000 purchase with $2,506/mo rent. Total monthly income registers $2,506/mo, and a $1,786/mo payment leaves $273/mo available for distribution. Annual cash flow reaches $3,275/yr on $120,998 to close, and return on cash invested stands at 22.62% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 117.25% and total cumulative return in cash at $141,871. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,506/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
41.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39119, Mount Olive, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,385 (100%) |
| Owner Occupied HU | 1,656 (69.4%) |
| Renter Occupied HU | 359 (15.1%) |
| Vacant Housing Units | 370 (15.5%) |
| Median Home Value | $119,605 |
| Average Home Value | $170,157 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
2,142
Multi-Family
45
Businesses
81
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Listed by: Damaris Royalty • Keller Williams
Mls Name: MLS United
Mls ID: #4099629
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.