204 Harris Heights DrFlorenceMS39073
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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 Florence at 204 Harris Heights Dr, Florence, MS, 39073 offers $816/mo rent that, after a $3,377/mo payment. Total monthly income is $816/mo. Return on cash invested measures 2.05% in year one, and rental yield stands at 1.42% at a $689,900 entry. Equity gained on principal adds $4,452/yr while 5% annual appreciation compounds into $190,607 by year five. Five-year ROI records 6.96% and total cumulative return in cash reaches $15,793. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $816/mo property income versus a $3,377/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
4.02 Acres lot
$N/A/sqft
No 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: Shannon Ellis • Havard Real Estate Group, LLC
Mls Name: MLS United
Mls ID: #4127370