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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cleveland at 1511 Deering St, Cleveland, MS, 38732 offers a 8.4% rental yield on a $290,000 purchase with $2,030/mo rent. Total monthly income registers $2,030/mo, and a $1,419/mo payment leaves $256/mo available for distribution. Annual cash flow reaches $3,069/yr on $96,135 to close, and return on cash invested stands at 23.1% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 119.87% and total cumulative return in cash at $115,240. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,030/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38732, Cleveland, MS area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,565 (100%) |
| Owner Occupied HU | 4,014 (53.1%) |
| Renter Occupied HU | 2,663 (35.2%) |
| Vacant Housing Units | 888 (11.7%) |
| Median Home Value | $166,371 |
| Average Home Value | $215,644 |
Residential
7,183
Single Family
6,479
Multi-Family
704
Businesses
972
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tracey Bell • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4127951
