1329 E 3rd StForestMS39074
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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 Forest at 1329 E 3rd St, Forest, MS, 39074 uses $46,410 cash to close to unlock $2,635/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,125/mo, and a $685/mo payment keeps the spread at $220/mo. Purchase price stands at $140,000, and rental yield measures 9.64% with $1,125/mo rent. Return on cash invested shows 25.59% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 133.67% and total cumulative return in cash records $62,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,125/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39074, Forest, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,758 (100%) |
| Owner Occupied HU | 3,860 (67.0%) |
| Renter Occupied HU | 1,329 (23.1%) |
| Vacant Housing Units | 569 ( 9.9%) |
| Median Home Value | $112,575 |
| Average Home Value | $158,857 |
Housing Distribution
Address Breakdown
Residential
6,222
Single Family
6,022
Multi-Family
200
Businesses
613
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Listed by: Nick Doty • MS Hometown Realty
Mls Name: MLS United
Mls ID: #4099835
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.