209 Spooner RdLucedaleMS39452
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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 Lucedale at 209 Spooner Rd, Lucedale, MS, 39452 listed at $102,100 pairs $799/mo rent with a $500/mo payment to leave $153/mo cash flow. Total monthly income runs $799/mo, and annual cash flow reaches $1,832/yr on $33,846 cash to close. Return on cash invested measures 25.32% in year one, and rental yield registers 9.39% at a $102,100 basis. Equity gained on principal adds $659/yr, and annual property appreciation at 5% supports $28,208 by year five. Five-year ROI tracks 132.11% and total cumulative return in cash totals $44,715. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $799/mo property income relative to a $500/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
2.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39452, Lucedale, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,978 (100%) |
| Owner Occupied HU | 9,623 (74.1%) |
| Renter Occupied HU | 1,671 (12.9%) |
| Vacant Housing Units | 1,684 (13.0%) |
| Median Home Value | $177,866 |
| Average Home Value | $210,277 |
Housing Distribution
Address Breakdown
Residential
12,199
Single Family
12,162
Multi-Family
37
Businesses
707
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Listed by: Heather Tumlinson • RE/MAX Real Estate Partners
Mls Name: MLS United
Mls ID: #4076543
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.