1320 N 5th AveLaurelMS39440
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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 1320 N 5th Ave, Laurel, MS, 39440 uses $62,654 cash to close to unlock $2,958/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $1,403/mo, and a $925/mo payment keeps the spread at $246/mo. Purchase price stands at $189,000, and rental yield measures 8.91% with $1,403/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 128.11% and total cumulative return in cash records $80,266. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,403/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1935
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: Amlan Mitra • RE/MAX Real Estate Partners
Mls Name: HSMLS
Mls Provider:
Mls ID: #140685
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.