203 Walnut DrFlorenceMS39073
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 Florence at 203 Walnut Dr, Florence, MS, 39073 offers $1,149/mo rent that, after a $710/mo payment, leaves $209/mo cash flow. Total monthly income is $1,149/mo, and annual cash flow is $2,511/yr on $48,068 cash. Return on cash invested measures 25.13% in year one, and rental yield stands at 9.51% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 131.33% and total cumulative return in cash reaches $63,128. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,149/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.30 Acres lot
$N/A/sqft
$625 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39073, Florence, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,962 (100%) |
| Owner Occupied HU | 7,088 (79.1%) |
| Renter Occupied HU | 1,219 (13.6%) |
| Vacant Housing Units | 655 ( 7.3%) |
| Median Home Value | $255,000 |
| Average Home Value | $266,199 |
Housing Distribution
Address Breakdown
Residential
8,102
Single Family
7,970
Multi-Family
132
Businesses
405
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Listed by: Rich Price • Keller Williams
Mls Name: MLS United
Mls ID: #4093419
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.