1407 Monterey RdFlorenceMS39073
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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 Florence at 1407 Monterey Rd, Florence, MS, 39073 generates $2,182/mo in rent, after a $2,491/mo payment. Total monthly income is $2,182/mo. Return on cash invested sits at 13.38% in year one, and rental yield is 5.14% on a $509,000 entry. Equity gained on principal adds $3,285/yr, while 5% annual appreciation builds toward $140,627 over five years. Five-year ROI reaches 67.7% and total cumulative return in cash sums $113,365. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,182/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
33.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39073, Florence, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,962 (100%) |
| Owner Occupied HU | 7,088 (79.1%) |
| Renter Occupied HU | 1,219 (13.6%) |
| Vacant Housing Units | 655 ( 7.3%) |
| Median Home Value | $255,000 |
| Average Home Value | $266,199 |
Housing Distribution
Address Breakdown
Residential
8,102
Single Family
7,970
Multi-Family
132
Businesses
405
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Listed by: N/A • N/A
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