1510 Independence BlvdFlowoodMS39232
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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
Investment property for sale in Flowood at 1510 Independence Blvd, Flowood, MS, 39232 uses $108,699 cash to close to unlock $4,216/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $2,658/mo, and a $1,605/mo payment keeps the spread at $351/mo. Purchase price stands at $327,900, and rental yield measures 9.73% with $2,658/mo rent. Return on cash invested shows 23.79% in year one, and 5% annual appreciation builds toward $90,593 over five years. Five-year ROI reaches 124.77% and total cumulative return in cash records $135,623. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,658/mo property income covering a $1,605/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39232, Flowood, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,484 (100%) |
| Owner Occupied HU | 2,355 (52.5%) |
| Renter Occupied HU | 1,907 (42.5%) |
| Vacant Housing Units | 222 ( 5.0%) |
| Median Home Value | $296,500 |
| Average Home Value | $359,751 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
2,565
Multi-Family
1,799
Businesses
1,659
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Listed by: Mike Jolly • Keller Williams
Mls Name: MLS United
Mls ID: #4114036
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.