1601 College StClevelandMS38732
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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 Cleveland at 1601 College St, Cleveland, MS, 38732 uses $54,698 cash to close to unlock $3,130/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $1,271/mo, and a $808/mo payment keeps the spread at $261/mo. Purchase price stands at $165,000, and rental yield measures 9.24% with $1,271/mo rent. Return on cash invested shows 25.63% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 133.45% and total cumulative return in cash records $72,995. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,271/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1924
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38732, Cleveland, MS area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,183
Single Family
6,479
Multi-Family
704
Businesses
972
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Listed by: Lindsay Williams • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4131699