168 Lake Hill DrFloraMS39071
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 Flora at 168 Lake Hill Dr, Flora, MS, 39071 priced at $849,000 converts $5,723/mo rent into $499/mo cash flow after a $4,155/mo obligation. Total monthly income equals $5,723/mo, and annual cash flow totals $5,986/yr on $279,321 invested. Return on cash invested prints 22.2% in year one, and rental yield reads 8.09% against a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation compiles into $234,563 by year five. Five-year ROI reaches 115.06% and total cumulative return in cash sums $321,380. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,723/mo property income covering a $4,155/mo payment, not borrower’s personal income.
Single Family
Built in 1999
4.10 Acres lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39071, Flora, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,458 (100%) |
| Owner Occupied HU | 1,907 (77.6%) |
| Renter Occupied HU | 424 (17.2%) |
| Vacant Housing Units | 127 ( 5.2%) |
| Median Home Value | $268,137 |
| Average Home Value | $354,929 |
Housing Distribution
Address Breakdown
Residential
2,078
Single Family
1,966
Multi-Family
112
Businesses
212
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Listed by: Rashida Walker • W Real Estate LLC
Mls Name: MLS United
Mls ID: #4084207
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.