202 Ashley StClevelandMS38732
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 Cleveland at 202 Ashley St, Cleveland, MS, 38732 offers $1,031/mo rent that, after a $636/mo payment, leaves $128/mo cash flow. Total monthly income is $1,031/mo, and annual cash flow is $1,535/yr on $43,095 cash. Return on cash invested measures 23.47% in year one, and rental yield stands at 9.52% at a $130,000 entry. Equity gained on principal adds $839/yr while 5% annual appreciation compounds into $35,917 by year five. Five-year ROI records 122.92% and total cumulative return in cash reaches $52,971. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,031/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,147 sqft 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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Nearby investment properties with comparable prices
Listed by: Bruce E West • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4083458
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.