20 Spring Lake CirPearlMS39208
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 Pearl at 20 Spring Lake Cir, Pearl, MS, 39208 priced at $269,000 pairs $2,566/mo rent with $886/mo cash flow after a $1,317/mo payment. Total monthly income equals $2,566/mo, and annual cash flow comes to $10,634/yr on $89,174 invested. Return on cash invested is 31.83% in year one, and rental yield stands at 11.45% on a $269,000 basis. Equity gained on principal adds $1,736/yr, and 5% annual appreciation accumulates to $74,320 by year five. Five-year ROI measures 166.92% and total cumulative return in cash reaches $148,847. For financing, Ziffy Mortgage’s DSCR program evaluates $2,566/mo property income against a $1,317/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
7,405 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39208, Pearl, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,880 (100%) |
| Owner Occupied HU | 8,998 (64.8%) |
| Renter Occupied HU | 4,011 (28.9%) |
| Vacant Housing Units | 871 ( 6.3%) |
| Median Home Value | $177,888 |
| Average Home Value | $221,845 |
Housing Distribution
Address Breakdown
Residential
12,750
Single Family
10,721
Multi-Family
2,029
Businesses
1,119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Detrice W Johnson • Keller Williams
Mls Name: MLS United
Mls ID: #4101697
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.