1612 Terrace RdClevelandMS38732
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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 Cleveland at 1612 Terrace Rd, Cleveland, MS, 38732 priced at $325,000 converts $2,746/mo rent into $574/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,746/mo, and annual cash flow totals $6,882/yr on $107,738 invested. Return on cash invested prints 26.3% in year one, and rental yield reads 10.14% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 137.77% and total cumulative return in cash sums $148,429. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,746/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.26 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: John Armstrong • Griffith Real Estate, Inc.
Mls Name: Mid Delta Data Sharing Network
Mls ID: #104192