1503 Obie Smith RdLouisvilleMS39339
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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 Louisville at 1503 Obie Smith Rd, Louisville, MS, 39339 generates $1,832/mo in rent and, after a $1,346/mo payment, leaves $149/mo in cash flow. Total monthly income is $1,832/mo, and annual cash flow is $1,790/yr on $91,163 invested. Return on cash invested sits at 21.87% in year one, and rental yield is 7.99% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 113.31% and total cumulative return in cash sums $103,295. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,832/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39339, Louisville, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,538 (100%) |
| Owner Occupied HU | 4,346 (66.5%) |
| Renter Occupied HU | 1,431 (21.9%) |
| Vacant Housing Units | 761 (11.6%) |
| Median Home Value | $154,350 |
| Average Home Value | $180,896 |
Housing Distribution
Address Breakdown
Residential
6,262
Single Family
6,147
Multi-Family
115
Businesses
607
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Listed by: KELLY MCCULLOUGH SALETZKI • MCCULLOUGH REALTY LLC
Mls Name: Greater Golden Triangle Realtors
Mls ID: #25-1995