189 Mill CtLucedaleMS39452
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 189 Mill Ct, Lucedale, MS, 39452 in Lucedale is narrow, $155/mo net on $1,819/mo rent after the $1,196/mo debt service, but the property operates at break-even-plus, not a loss. At $265,900 with a 8.21% yield, the long-run equity case via 5% appreciation ($73,463 over five years) and $2,449/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.52 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $110,895.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.8% |
| Monthly Cash Flow | $155 | $350 |
City averages based on Lucedale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,819 |
| Total Monthly Debt Service | $1,558 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
0.57 Acres lot
$N/A/sqft
$218 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39452, Lucedale, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,978 (100%) |
| Owner Occupied HU | 9,623 (74.1%) |
| Renter Occupied HU | 1,671 (12.9%) |
| Vacant Housing Units | 1,684 (13.0%) |
| Median Home Value | $177,866 |
| Average Home Value | $210,277 |
Housing Distribution
Address Breakdown
Residential
12,199
Single Family
12,162
Multi-Family
37
Businesses
707
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
Single Family
Built in 2025
0.57 Acres lot
$N/A/sqft
$218 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39452, Lucedale, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,978 (100%) |
| Owner Occupied HU | 9,623 (74.1%) |
| Renter Occupied HU | 1,671 (12.9%) |
| Vacant Housing Units | 1,684 (13.0%) |
| Median Home Value | $177,866 |
| Average Home Value | $210,277 |
Housing Distribution
Address Breakdown
Residential
12,199
Single Family
12,162
Multi-Family
37
Businesses
707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jodie L Henderson • D R Horton
Mls Name: MLS United
Mls ID: #4101535
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.