1308 Homewood DrLaurelMS39440
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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 Laurel at 1308 Homewood Dr, Laurel, MS, 39440 generates $4,438/mo in rent and, after a $2,619/mo payment, leaves $1,164/mo in cash flow. Total monthly income is $4,438/mo, and annual cash flow is $13,963/yr on $176,015 invested. Return on cash invested sits at 27.99% in year one, and rental yield is 9.95% on a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 146.07% and total cumulative return in cash sums $257,104. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,438/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
N/A 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: G Lee Boyette, SRS • Woodland Realty, Inc
Mls Name: HSMLS
Mls ID: #145510