20 Kennon AveLaurelMS39443
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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 Laurel at 20 Kennon Ave, Laurel, MS, 39443 uses $66,267 cash to close to unlock $4,501/yr annual cash flow and $375/mo monthly cash flow. Total monthly income runs $1,598/mo, and a $978/mo payment keeps the spread at $375/mo. Purchase price stands at $199,900, and rental yield measures 9.59% with $1,598/mo rent. Return on cash invested shows 26.7% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 139.26% and total cumulative return in cash records $92,281. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,598/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39443, Laurel, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,252 (100%) |
| Owner Occupied HU | 7,644 (74.6%) |
| Renter Occupied HU | 1,499 (14.6%) |
| Vacant Housing Units | 1,109 (10.8%) |
| Median Home Value | $165,051 |
| Average Home Value | $195,475 |
Housing Distribution
Address Breakdown
Residential
10,197
Single Family
10,197
Multi-Family
0
Businesses
333
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Listed by: Tracy Dudley • South and Company Properties
Mls Name: HSMLS
Mls Provider:
Mls ID: #142050
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.