1486 County Road 2MyrtleMS38650
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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 Myrtle at 1486 County Road 2, Myrtle, MS, 38650 earns $516/mo cash flow from $1,446/mo rent with a $744/mo payment. Total monthly income totals $1,446/mo, and annual cash flow totals $6,190/yr on $50,388 capital. ROI tracks 32.19% on current figures, and rental yield reads 11.42% at a $152,000 purchase. Equity gained on principal adds $981/yr, and 5% annual appreciation supports $41,995 over five years. Five-year ROI reaches 168.63% and total cumulative return in cash sums $84,970. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,446/mo property income instead of your personal income.
Single Family
Built in N/A
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38650, Myrtle, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,864 (100%) |
| Owner Occupied HU | 1,391 (74.6%) |
| Renter Occupied HU | 301 (16.1%) |
| Vacant Housing Units | 172 ( 9.2%) |
| Median Home Value | $165,487 |
| Average Home Value | $170,933 |
Housing Distribution
Address Breakdown
Residential
1,654
Single Family
1,654
Multi-Family
0
Businesses
57
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Listed by: KIM WOOD • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #25-1625
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.