202 E Lakeside DrHattiesburgMS39402
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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
Rental property for sale in Hattiesburg at 202 E Lakeside Dr, Hattiesburg, MS, 39402 priced at $279,900 converts $1,973/mo rent into $260/mo cash flow after a $1,370/mo obligation. Total monthly income equals $1,973/mo, and annual cash flow totals $3,121/yr on $92,787 invested. Return on cash invested prints 23.27% in year one, and rental yield reads 8.46% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 120.85% and total cumulative return in cash sums $112,129. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,973/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39402, Hattiesburg, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,649 (100%) |
| Owner Occupied HU | 12,207 (59.1%) |
| Renter Occupied HU | 6,967 (33.7%) |
| Vacant Housing Units | 1,475 ( 7.1%) |
| Median Home Value | $266,080 |
| Average Home Value | $301,708 |
Housing Distribution
Address Breakdown
Residential
19,635
Single Family
15,546
Multi-Family
4,089
Businesses
1,855
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Listed by: Debra K. Pace • Selling Southern
Mls Name: HSMLS
Mls ID: #143382