144 Copper Ridge LnFlorenceMS39073
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 144 Copper Ridge Ln, Florence, MS, 39073 priced at $294,000 converts $2,442/mo rent into $643/mo cash flow after a $1,439/mo obligation. Total monthly income equals $2,442/mo, and annual cash flow totals $7,714/yr on $97,461 invested. Return on cash invested prints 27.82% in year one, and rental yield reads 9.97% against a $294,000 entry. Equity gained on principal adds $1,897/yr, while 5% annual appreciation compiles into $81,227 by year five. Five-year ROI reaches 145.18% and total cumulative return in cash sums $141,492. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,442/mo property income covering a $1,439/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie White • McKee Realty, Inc.
Mls Name: MLS United
Mls ID: #4078722
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.