1534 County Road 515MyrtleMS38650
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 Myrtle at 1534 County Road 515, Myrtle, MS, 38650 generates $4,109/mo in rent, after a $3,402/mo payment. Total monthly income is $4,109/mo. Return on cash invested sits at 19.3% in year one, and rental yield is 7.09% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 99.47% and total cumulative return in cash sums $227,442. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,109/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
11.50 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mitzie Ward • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls ID: #25-4235