211 2nd StLelandMS38756
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 Leland at 211 2nd St, Leland, MS, 38756 offers $1,314/mo rent that, after a $763/mo payment, leaves $360/mo cash flow. Total monthly income is $1,314/mo, and annual cash flow is $4,320/yr on $51,681 cash. Return on cash invested measures 28.27% in year one, and rental yield stands at 10.11% at a $155,900 entry. Equity gained on principal adds $1,006/yr while 5% annual appreciation compounds into $43,072 by year five. Five-year ROI records 147.7% and total cumulative return in cash reaches $76,330. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,314/mo property income versus a $763/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38756, Leland, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,818 (100%) |
| Owner Occupied HU | 1,575 (55.9%) |
| Renter Occupied HU | 874 (31.0%) |
| Vacant Housing Units | 369 (13.1%) |
| Median Home Value | $120,052 |
| Average Home Value | $166,156 |
Housing Distribution
Address Breakdown
Residential
2,700
Single Family
2,312
Multi-Family
388
Businesses
269
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Nearby investment properties with comparable prices
Listed by: Kasina S Ford • Kaizen Realty
Mls Name: MLS United
Mls ID: #4093133
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.