2047 Bankhead StMyrtleMS38650
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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
Investment property for sale in Myrtle at 2047 Bankhead St, Myrtle, MS, 38650 at $150,000 posts ROI 27.01% with $294/mo cash flow from $1,212/mo rent. Total monthly income equals $1,212/mo, and annual cash flow records $3,531/yr on $49,725 to close. Return on cash invested measures 27.01% and rental yield reads 9.7% at the current $150,000. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 by year five. Five-year ROI prints 140.9% and total cumulative return in cash totals $70,062.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,212/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38650, Myrtle, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,864 (100%) |
| Owner Occupied HU | 1,391 (74.6%) |
| Renter Occupied HU | 301 (16.1%) |
| Vacant Housing Units | 172 ( 9.2%) |
| Median Home Value | $165,487 |
| Average Home Value | $170,933 |
Housing Distribution
Address Breakdown
Residential
1,654
Single Family
1,654
Multi-Family
0
Businesses
57
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Listed by: Austin Swords • Rachel Ray Real Estate LLC
Mls Name: NMMLS
Mls Provider:
Mls ID: #24-4037
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.