204 S 2nd AveClevelandMS38732
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 204 S 2nd Ave, Cleveland, MS, 38732 priced at $245,000 converts $1,885/mo rent into $368/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,885/mo, and annual cash flow totals $4,413/yr on $81,218 invested. Return on cash invested prints 25.34% in year one, and rental yield reads 9.23% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 131.99% and total cumulative return in cash sums $107,196. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,885/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.25 Acres 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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Listed by: Sarah R Wright • Tom Smith Land & Homes
Mls Name: MLS United
Mls ID: #4094180
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.