1355 Lake DrFultonMS38843
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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 Fulton at 1355 Lake Dr, Fulton, MS, 38843 offers a 8.62% rental yield on a $295,000 purchase with $2,119/mo rent. Total monthly income registers $2,119/mo, and a $1,444/mo payment leaves $307/mo available for distribution. Annual cash flow reaches $3,683/yr on $97,793 to close, and return on cash invested stands at 23.68% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 122.97% and total cumulative return in cash at $120,254. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,119/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.40 Acres lot
$N/A/sqft
$80 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38843, Fulton, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,303 (100%) |
| Owner Occupied HU | 3,498 (66.0%) |
| Renter Occupied HU | 1,055 (19.9%) |
| Vacant Housing Units | 750 (14.1%) |
| Median Home Value | $140,759 |
| Average Home Value | $244,895 |
Housing Distribution
Address Breakdown
Residential
4,761
Single Family
4,699
Multi-Family
62
Businesses
438
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Listed by: Sherrie Springer • Keller Williams
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-3343
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.